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ADDRESS OF REUBEN G. CHANDLER, President.

Fellow Members of the Board of Trade:

It is only quite recently that I have fully appreciated a very familiar quotation, which reads: "Some are born great, some achieve greatness and some have greatness thrown upon them."

In accepting the great honor which you have so almost unanimously accorded me, I entertain a profound recognition of its duties and responsibilities, as well as a sincere and grateful appreciation of your confidence and esteem.

I do not flatter myself that my election without opposition is an evidence of personal popularity, but rather that it indicates a united membership, firm in its purpose to continue the policies which have been instituted and progressed in such a satisfactory and successful manner. We can not overestimate the benefits which are bound to accrue from such a unity of purpose.

I regard it as a cause for our hearty self-congratulation that the varied and sometimes conflicting interests of our different branches of business are being subordinated to a general desire for our common good.

I recognize the splendid achievements of the outgoing admin istration; achievements which have raised our Board in our own esteem, which have raised it in the esteem of the public, which have raised it in the regard of state and federal courts, which have raised the value of our memberships, which have increased the volume of our business and the compensation for doing it, and which have already suppressed the bucketshops in the State of Illinois.

It shall be my purpose, so far as my personal efforts may avail, to rigidly maintain the Commission rule, to zealously defend our right to control our quotations and to pursue without ceasing, the efforts now in progress to suppress bucketshops wherever they exist.

Relying on your cordial and loyal support, I look to see the enemies of legitimate trade exterminated, and the good influence and prosperity of our Association increased.

DETAILED STATISTICS

OF THE

Trade And Commerce

OF THE

Oity Of Chicago

IN

Flour, Grain, Provisions, Live Stock, Seeds, Hides, Wool,

Coal, Lumber, Etc.

WITH

THE DAILY CURRENT PRICES

OF

THE LEADING SPECULATIVE PRODUCTS

For The Year 1902.

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FLOUR PRODUCTION.

The following shows the quantity of flour manufactured by the several Chicago mills in each of tlie past ten years.

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The following were the stocks of-flour in the city on the, last day of each month for eight years, as reported by the Flour Inspector.

[table]
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