The Chicago Board of Trade What It is And What It Does
The Chicago Board of Trade What It is And What It Does
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To quickly assess the difficulty of the text, read a short excerpt:
Only there are many sellers and many buyers.
CHICAGO BOARD OF TRADfc 39 SCALPING.
Sometimes the claim is made by those not familiar with facts that these grain dealers buy and sell from one another, the same car of grain thus passing back and forth several times, "each one taking a commission on it. " I once looked up the history of twelve hundred cars of cash grain sold on the Chicago Board of Trade, to see how many cars pass directly from the original shipper, through the one commis- sion mer...chant, to the consumptive buyer. All these cars but two followed this short route. In other words, "scalping" of cash grain in this market is a very small fraction of i per cent.
PERSONNEL.
When it is remembered that here are as- sembled as buyers, representatives of the large milling interests (including the Min- neapolis mills), of all the large exporters, buyers for the various grain industries, in- cluding the Quaker Oats Company, the Corn Products Company, and similar indus- tries, the owners of big seed houses, and other grain interests, when all these are re- membered, to repeat, it is apparent that the cash grain market is strongly represented on the buying side and that these buyers are competitors.
What to read after The Chicago Board of Trade What It is And What It Does?
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:
Only there are many sellers and many buyers.
CHICAGO BOARD OF TRADfc 39 SCALPING.
Sometimes the claim is made by those not familiar with facts that these grain dealers buy and sell from one another, the same car of grain thus passing back and forth several times, "each one taking a commission on it. " I once looked up the history of twelve hundred cars of cash grain sold on the Chicago Board of Trade, to see how many cars pass directly from the original shipper, through the one commis- sion mer...chant, to the consumptive buyer. All these cars but two followed this short route. In other words, "scalping" of cash grain in this market is a very small fraction of i per cent.
PERSONNEL.
When it is remembered that here are as- sembled as buyers, representatives of the large milling interests (including the Min- neapolis mills), of all the large exporters, buyers for the various grain industries, in- cluding the Quaker Oats Company, the Corn Products Company, and similar indus- tries, the owners of big seed houses, and other grain interests, when all these are re- membered, to repeat, it is apparent that the cash grain market is strongly represented on the buying side and that these buyers are competitors.
What to read after The Chicago Board of Trade What It is And What It Does?
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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