Grain Exchanges: Hearings Before the Committee on Rules, House of Representatives, Sixty Third Congress, Second Session, on H. Res. 424U.S. Government Printing Office, 1914 - 429 pages |
From inside the book
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Page 4
... charged and generally believed that the business of the Chicago Board of Trade and its operations are controlled by memberships which are owned by a few large operators , particularly Armour , Peavey , J. Rosenbaum , J. C. Shaffer and ...
... charged and generally believed that the business of the Chicago Board of Trade and its operations are controlled by memberships which are owned by a few large operators , particularly Armour , Peavey , J. Rosenbaum , J. C. Shaffer and ...
Page 12
... charge a very small percentage for clearing the contracts on future trades , that are cleared , show that it was probably 30 times that amount - that 30 times as much wheat was sold in the future as was actually sold in grain from day ...
... charge a very small percentage for clearing the contracts on future trades , that are cleared , show that it was probably 30 times that amount - that 30 times as much wheat was sold in the future as was actually sold in grain from day ...
Page 24
... charge for that mixture held in public storage , the carrying price being a part of the higher price in the " future . " In the meantime the board of trade is skirmishing around the country to bring in the men who are bulls on the price ...
... charge for that mixture held in public storage , the carrying price being a part of the higher price in the " future . " In the meantime the board of trade is skirmishing around the country to bring in the men who are bulls on the price ...
Page 26
... charges his collections from others who are opposed to him in future contracts , if he can go into the open market ... charge . It is that depreciation in price of the entire crop which decreases the purchasing power of agriculture ...
... charges his collections from others who are opposed to him in future contracts , if he can go into the open market ... charge . It is that depreciation in price of the entire crop which decreases the purchasing power of agriculture ...
Page 29
... charge from the Decem- ber delivery to May , which frightened holders had to pay , not only on the amount of wheat ... charges to put in their pockets , not only at the expense of the speculator but of the entire farming and business ...
... charge from the Decem- ber delivery to May , which frightened holders had to pay , not only on the amount of wheat ... charges to put in their pockets , not only at the expense of the speculator but of the entire farming and business ...
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Common terms and phrases
association attorney Bert Cole board of directors board of trade bucket shops buyers CANTRILL carload cars cent per bushel cents a bushel CHAIRMAN chamber of commerce Chicago Board city of Chicago Commerce of Minneapolis commission merchants committee competition Congress contract corn crop dealers DRAKE Duluth elevator companies Equity Cooperative Exchange Equity Exchange fact farmers future contracts future delivery future trading gentlemen grade grain exchanges Grain Growers GREELEY handling hedging HOSKINS Illinois inspection interests investigation legislation LENROOT Loftus MANAHAN MARBLE membership millers milling Minn Minneapolis Chamber Minnesota Minnesota Legislature monopoly North Dakota operations organization president producers profit public elevators public storage public warehouse purchase question railroad and warehouse receipts ROBBINS Rosenbaum rules sell shipped shipper SHORTHILL sold speculative statement switching charge terminal elevators terminal markets tion to-day transactions warehouse commission warehousemen wheat
Popular passages
Page 307 - Received, subject to the classifications and tariffs in effect on the date of issue of this original bill of lading. At Ithaca, Mich., 18-1, 1911, from owner* the property described below, in apparent good order, except as noted (contents and condition of contents of packages unknown...
Page 295 - Notary Public in and for said county, residing therein, duly commissioned and sworn, personally appeared and , personally known to me to be the persons whose names are subscribed to the within instrument, and they each duly acknowledged to me that they executed the same.
Page 208 - Of course, in a modern market contracts are not confined to sales for immediate delivery. People will endeavor to forecast the future and to make agreements according to their prophecy. Speculation of this kind by competent men is the self-adjustment of society to the probable. Its value is well known as a means of avoiding or mitigating catastrophes, equalizing prices and providing for periods of want.
Page 194 - They are used as instruments by those engaged in state as well as those engaged in the inter-state commerce, but they are no more necessarily a part of commerce itself than the dray or the cart by which, but for them, grain would be transferred from one railroad station to another. Incidentally they may become connected with inter-state commerce, but not necessarily so.
Page 209 - The plaintiff does not lose its rights by communicating the result to persons, even if many, in confidential relations to itself, under a contract not to make it public, and strangers to the trust will be restrained from getting at the knowledge by inducing a breach of trust and using knowledge obtained by such a breach.
Page 208 - June 6, 1887, that is, places wherein is permitted the pretended buying and selling of grain, etc., without any intention of receiving and paying for the property so bought, or of delivering the property so sold. On this ground it is contended that if under other circumstances there could be property in the quotations, which hardly is admitted, the...
Page 210 - Time is of the essence in matters like this, and it fairly may be said that, if the contracts with the plaintiff are kept, the information will not become public property until the plaintiff has gained its reward.
Page 307 - It is mutually agreed, as to each carrier of all or any of said property over all or any portion of said route to destination, and as to each party at any time interested in all or any of said property, that every service to be performed hereunder shall be subject to all the conditions...
Page 307 - ... the surrender of this bill of lading properly indorsed shall be required before the delivery of the property at destination.
Page 208 - Its value is well known as a means of avoiding or mitigating catastrophes, equalizing prices and providing for periods of want. It is true that the success of the strong induces imitation by the weak, and that incompetent persons bring themselves to ruin by undertaking to speculate in their turn. But legislatures and courts generally have recognized that the natural evolutions of a complex society are to be touched only with a very cautious hand, and that such coarse attempts at a remedy for the...