Speculation And the Chicago Board of Trade
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Each of the six traders in this ring enters in his Ring Book his own ring only, i. E. , to whom sold and price, of whom bought and price. A daily settlement price is posted daily by the Board of Trade is a convenient basis for calcu- lating balances due.
Six Name Ring Becomes Six Rings Settling Price 85 Adams' ring Owe Collect Sold to Franz 200 May oats at 79 $12, 000 Bought of Bryan 200 May oats at 90 10, 000 Bryan's ring Sold to Adams 200 May oats at 90 $10, 000 Bought of Call 200 May oats at... 89 8, 000 Call's ring Sold to Bryan 200 May oats at 89 8, 000 Bought of Cole 200 May oats at 85 Dole's ring Sold to Call 200 May oats at 85 Bought Ellis 200 May oats at 85 Ellis' ring Sold to Dole 200 May oats at 85 Bought of Franz 200 May oats at 80 10, 000 Franz's ring Sold Ellis 200 May oats at 80 10, 000 Bought of Adams 200 May oats at 79 12, 000 $40, 000 $40, 000 SPECULATION AND THE CHICAGO BOARD OF TRADE When the clearing sheets have come in from those 1 six firms and the six rings have been checked, they will bo found to balance, and five checks will settle all these trades.
What to read after Speculation And the Chicago Board of Trade?
You can find similar books in the "Read Also" column, or choose other free books by James E James Ernest Boyle to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Each of the six traders in this ring enters in his Ring Book his own ring only, i. E. , to whom sold and price, of whom bought and price. A daily settlement price is posted daily by the Board of Trade is a convenient basis for calcu- lating balances due.
Six Name Ring Becomes Six Rings Settling Price 85 Adams' ring Owe Collect Sold to Franz 200 May oats at 79 $12, 000 Bought of Bryan 200 May oats at 90 10, 000 Bryan's ring Sold to Adams 200 May oats at 90 $10, 000 Bought of Call 200 May oats at... 89 8, 000 Call's ring Sold to Bryan 200 May oats at 89 8, 000 Bought of Cole 200 May oats at 85 Dole's ring Sold to Call 200 May oats at 85 Bought Ellis 200 May oats at 85 Ellis' ring Sold to Dole 200 May oats at 85 Bought of Franz 200 May oats at 80 10, 000 Franz's ring Sold Ellis 200 May oats at 80 10, 000 Bought of Adams 200 May oats at 79 12, 000 $40, 000 $40, 000 SPECULATION AND THE CHICAGO BOARD OF TRADE When the clearing sheets have come in from those 1 six firms and the six rings have been checked, they will bo found to balance, and five checks will settle all these trades.
What to read after Speculation And the Chicago Board of Trade?
You can find similar books in the "Read Also" column, or choose other free books by James E James Ernest Boyle to read onlineMoreLess
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