Nature of business of important companies with personnel on the board of directors . . . . Positions of various companies in the market Normal method of settling futures trades Division of open short accounts between clearing members with personnel on the board of directors and all other clearing members Protection against further price increases Price history after June 30, 1946 Estimated protection to shorts on old contracts closed out June 13 51 51 52 52 53 54 55 55 55 55 56 56 57 57 57 57 57 58 59 59 60 Section 2. Actions affecting futures trading since May 1945 General market conditions Futures traded September 1945 sorghum and corn trading restricted to liquidations Section 2. Actions restricting futures trading after January 1, 1946 .. Intra-market and inter-market spreading Premature close-out of May wheat. May 13 ceiling price increases ... Trading in all wheat contracts restricted to liquidation Removal of ceiling prices... Page 64 64 64 64 64 65 65 65 65 66 Resumption of trading in wheat Section 3. Economic effects 66 66 1 - Total stocks of wheat in Chicago at the beginning of each month for the first 6 months of 1946, 1945 and 1944 . 2 - Total quantity of wheat in store in federal licensed warehouses in Chicago subdivided as to deliverable grades, nondeliverable grades, and ungraded, on specified dates of first 6 months, 1946 and 1945. . . Total quantity of corn in store in federal licensed warehouses in 4 - Total quantity of oats in store in federal licensed warehouses in Chicago subdivided as to deliverable and nondeliverable grades, on specified dates during the first 6 months of 1946 and 1945. . . 5 - Total "old" grain futures contracts affected by May 13 increases in ceiling prices and by close-out orders of the Chicago Board of Trade, May 13-June 13, 1946 6 Total profits and losses to longs and shorts resulting from forced settlements of Chicago grain futures, May 13-June 13, 1946 . . . . . 7 Total "old" grain futures contracts closed out per orders of the Chicago Board of Trade during the period May 13-June 13, 1946, subdivided to show the short interests of clearing members with which 12 officers and directors were affiliated and the interest of all other clearing members . . . Table No. 8 - Distribution of total financial responsibility for settlement of old futures closed out at ceiling price for each grain subdivided between clearing members with personnel on the board of directors and all other clearing members Page 41 9 Daily cash grain prices at Chicago, and daily prices of rye futures in Winnipeg from July 1 through September 30, 1946. . . 44 Probable increase in value of July, August and September wheat, 46 Total wheat contracts closed out by orders of Kansas City Board of 61 Chart Cash prices for 5 grains in Chicago and nearby rye in Winnipeg - 45 |