Report of the Federal Trade Commission on the Grain Trade, Volume 7

Front Cover
U.S. Government Printing Office, 1926 - Grain trade

From inside the book

Contents

No Page
58
Substitutes for hedging in futures__
61
Services and costs of hedging
67
Nature and effect of pit scalping
69
VOLUME OF FUTURE TRADING
87
Estimated quantities of wheat corn and oats futures dealt in during
92
Quantities of wheat corn and oats futures dealt in during each
92
Variations in the volume of trading_
96
Pit scalping as an element in futures__
100
Percentages of total Chicago futures that pertained to local future
106
Percentage distribution of monthly net of purchases and sales net
116
93
121
The promotion of stability of prices_
122
95
129
Deliveries on Chicago futures by grains and months 1914 to 1917__
137
98
140
Comparative percentage distribution of net open interests and
143
RESULTS FOR CLASSES OF TRADES AND TRADERS
146
Total futures by options on the Chicago board estimated compared
149
Life of open trades_
155
General average elapsed days days open including same day
163
Gains and losses per bushel according to the Chicago board card
167
Ratio of even price trades to total trades on the Chicago board
173
Comparative quantities of futures traded in at specified gains
178
Percentage distribution of trades quantities for each grain by occu
182
Per bushel gains and losses on same day long and short trades
188
Occupational classification of future trading customers of eight
195
Average elapsed days for long and short trades held open one
205
CHAPTER VISERVICES AND COSTS OF FUTURE TRADING
207
Hedging described__
209
Combinations of interoption spreads 10year averages in the various
212
Ordinal analysis with reference to the connection between Chicago
218
Prices and the size of the market_
223
Cash and future prices for wheat and oats at Chicago during certain
264
Prices of corn cash and futures by days August 2 to October
266
Conclusions___
271
Public grain warehouses_
277
Emergency settlements
283
183726
305
A Data of future trades for certain Northwestern elevators and mills___
311
Futures bought and sold in hedging and spreading by a northwestern
312
Estimated days life of open trades of elevator A by markets
313
Hedges of elevator A in wheat futures by options for all markets
314
Hedging in wheat futures by a large northwestern flourmilling
318
to 1917____ _facing__
318
Ratio of scalping to total Chicago futures by grains
321
B Weektoweek hedging needs and position of a large flour milling
327
99
330
Wheat hedges of three New York exporters and of three middle west
330
Percentage distribution by options of the futures of certain elevators
331
Forms used for future trading returns for data prior to 1918_
332
G Ratios of net of purchases and sales to transactions by groups
338
Ordinal analysis applied to the relation between the scalpers share
343
Card data for trades on the Chicago Open Board of Trade
345
Percentages of total Chicago futures that pertained to wire houses
349
Gains and losses per bushel on long short and sameday trades
351
Price trends comparative long and short quantities and per bushel
355
Ordinal analysis with reference to the relation between the balance
357
O The stream of trading in futures at Chicago_
363
Stream of trading for December 1915 wheat at Chicago
364
months__ _facing__
364
Stream of trading for May 1917 oats at Chicago by months_facing__
364
Per cent distribution by months of the perforatedcard sample trans
364
P List of general tables relating to Chapter V_
364
Ordinal analysis with reference to the relation between volume
369
R Wartime control of future trading__
382

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Page 260 - All purchases and sales made by us for you are made in accordance with and subject to the rules, regulations and customs of the Chamber of Commerce or Board of Trade where the trades are made and the rules, regulations and requirements of its Board of Directors, and all amendments that may be made thereto. The contract is made under the authority of the Act of Congress known as 'The Future Trading Act.
Page 412 - That the provisions of this Act shall cease to be in effect when the existing state of war between the United States and Germany shall have terminated, and the fact and date of such termination shall be ascertained and proclaimed by the President...
Page 99 - or ' scratch sales ' or ' pass-outs,' provided that the purchase and sale are made at the same exchange, on the same day, at the same price, and for the account of the same person, or (e) the sales are made by a broker on account of a principal, and the name of the principal is not disclosed to the buyer, provided the principal sells to the broker the same quantity and the same grade and kind of grain at the same price, on the same day, on the same...
Page 305 - Justice. (c) When the governing board thereof prevents the dissemination by the board or any member thereof, of false, misleading, or inaccurate report, concerning crop or market information or conditions that affect or tend to affect the price of commodities.
Page 305 - ... to affect the price of commodities, and any member who shall knowingly or carelessly disseminate such report shall be suspended by the Board of Directors from all privileges of membership for such period as the gravity of the offense committed may warrant.
Page 380 - In case anv property contracted for future delivery is not delivered at maturity of contract, the president shall appoint a committee of three from the membership at large, to be approved by the board of directors, which committee shall determine as nearly as possible the true commercial value of the commodity in question on the...
Page 260 - Please take notice that all orders for the purchase or sale of cotton, coffee, grain and provisions for future delivery are received and executed with the distinct understanding that ACTUAL DELIVERY is CONTEMPLATED and the party giving the order so understands and agrees.
Page 260 - All orders for the purchase and sale of any article are received and executed with the distinct understanding that actual delivery is contemplated and in accordance with and subject to the rules, regulations, and customs of the Exchange upon which the order is to be executed and the requirement of its Board of Directors and all amendments made thereto, and that the party giving the order so understands and agrees."5 The customer pleaded ignorance of the exchange by-laws and rules and contended that...
Page xxi - SIR: I have the honor to transmit herewith a report of the Federal Trade Commission with respect to the sale and distribution of milk and milk products.
Page 403 - I enclose herewith for your information a copy of resolutions recently adopted by the board of directors of the board of trade of the city of Chicago relative to the prohibition ' by Germany and France of the importation of American hog products.

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