Report on Economic Effects of Grain Exchange Actions Affecting Futures Trading During the First Six Months of 19461947 - 85 páginas |
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Página 2
... supply . SHORT INTEREST BECOMES PREDOMINANTLY SPECULATIVE AND LONG INTEREST PREDOMINANTLY HEDGING As one after another , the prices of principal grains reached ceilings , the only field for speculation became selling short against ...
... supply . SHORT INTEREST BECOMES PREDOMINANTLY SPECULATIVE AND LONG INTEREST PREDOMINANTLY HEDGING As one after another , the prices of principal grains reached ceilings , the only field for speculation became selling short against ...
Página 1
... supply , Government regulation of prices and severe restrictions as to the movement and disposition of already short supplies . Shortage of corn became very evident when free corn could not be accumulated in deliverable position to ...
... supply , Government regulation of prices and severe restrictions as to the movement and disposition of already short supplies . Shortage of corn became very evident when free corn could not be accumulated in deliverable position to ...
Página 2
... supply . SHORT INTEREST BECOMES PREDOMINANTLY SPECULATIVE AND LONG INTEREST PREDOMINANTLY HEDGING As one after another , the prices of principal grains reached ceilings , the only field for speculation became selling short against ...
... supply . SHORT INTEREST BECOMES PREDOMINANTLY SPECULATIVE AND LONG INTEREST PREDOMINANTLY HEDGING As one after another , the prices of principal grains reached ceilings , the only field for speculation became selling short against ...
Página 4
... supplies of grain were unavailable , or were available only at higher prices , for delivery on futures , and also , so ... supply . Trading in these futures had been fostered for nearly a year by the precedent set in 1945 of closing out ...
... supplies of grain were unavailable , or were available only at higher prices , for delivery on futures , and also , so ... supply . Trading in these futures had been fostered for nearly a year by the precedent set in 1945 of closing out ...
Página 6
... supply situation respecting wheat was such that agreed - upon cash settlements rather than delivery of wheat probably would be necessary . To make this possible , the Chamber's Business Conduct Committee urged longs and shorts to ...
... supply situation respecting wheat was such that agreed - upon cash settlements rather than delivery of wheat probably would be necessary . To make this possible , the Chamber's Business Conduct Committee urged longs and shorts to ...
Términos y frases comunes
12 clearing members 13 ceiling price actions taken adopted April 27 barley Belz Board of Directors Board of Trade ceiling price increase cents per bushel Chamber of Commerce Chicago Board Clearing Corporation Clearing House Commodity Exchange Act contracts closed corn deliverable grades deliverable position delivery on futures February 18 federally licensed warehouses financial responsibility Food Order futures contracts futures outstanding futures trading Government grain futures January July and September July wheat June 13 June 29 June 30 Kansas City Board liquidating trades loss to longs March 26 members with personnel Minneapolis Chamber months of 1946 nondeliverable grades oats futures old contracts old futures open positions open short interests open trading percent prematurely closed prevailing ceiling profit to longs protected shorts Regulation 1894 request and recommendation Rule rye futures saving to shorts September and December short positions short speculative speculative interest Table trading for liquidation WAREHOUSES IN CHICAGO wheat contracts wheat futures
Pasajes populares
Página 55 - The objects of the corporation, as declared by the charter and by-laws, are " to maintain a commercial exchange ; to promote uniformity in the customs and usages of merchants ; to inculcate principles of justice and equity in trade ; to facilitate the speedy adjustment of business disputes; to acquire" and to disseminate valuable commercial and economic information ; and generally, to secure to its members the benefits of co-operation in the furtherance of their legitimate pursuits.
Página 11 - That the storage charges for grain in public warehouses from which grain is deliverable on futures contracts as aforesaid shall be regulated by the Federal authority. 4. That every futures contract for grain on any futures market may be satisfied by the delivery of grain from any public warehouse operating in accordance with the provisions of paragraphs 1, 2, and 3 of these recommendations in not less than one market in addition to the market on which such contract is made, such outside market or...
Página 9 - Authority copies of all bylaws, rules, regulations, and resolutions made or issued by it or by the governing board thereof, or by any committee...
Página 16 - ... hundred thousand dollars) ; may have a common seal, and alter the same from time to time; and make such Rules, Regulations and By-Laws from time to time as they may think proper or necessary for the government of the corporation hereby created, not contrary to the laws of the land.
Página 9 - ... consisting of the Secretary of Agriculture, the Secretary of Commerce, and the Attorney General...
Página 56 - ... any rule of the exchange, and also to fix a maximum price for any commodity dealt in on its exchange, above which price no member shall thereafter and during the maintenance of said maximum price, be permitted to make a trade in such commodity. Any action of the Board of Directors under this Section shall be binding on all members of the Association, from and after the hour when the same shall be posted on the bulletin board in the exchange room. Any member making a trade, or refusing to make...
Página 16 - SECTION 12. Said corporation shall have no power or authority to do or carry on any business excepting such as is usual in the management of boards of trade or chambers of commerce, or as provided in the foregoing sections of this bill.
Página 63 - Dakota, South Dakota, and Montana. The objectives and purposes of the Exchange are : To facilitate the buying and selling of all products; to inculcate principles of justice and equity in trades; to facilitate speedy adjustments of business disputes; and to acquire and disseminate valuable commercial information. The Exchange is governed by a 15-man board of directors elected annually by the membership.
Página 56 - States shall be a party, the operation of an}' rule of the exchange, and also to fix a maximum price for any commodity dealt in on its exchange, above which price no member shall thereafter and during the maintenance of said maximum price, be permitted to make a trade in such commodity.
Página 54 - The agreement of adoption shall be in writing and shall be executed by the person adopting the person to be adopted, and shall set forth that the parties agree to assume toward each other the legal relation of parent and child, and to have all of the rights and be subject to all of the duties and responsibilities of that relation.