WHEAT FUTURES

UNITED STATES DEP STATISTICAL

Washington, D. C. *

WHEAT FUTURES VOLUME OF TRADING, OPEN COMMITMENTS

AND PRICES FROM JANUARY 3, 1933 . TO DECEMBER 31, 1935

Prepared 6y the Comrrwdity Exehange Adminf1tration

(FortrNr/JJ tire Groin Futum AJmtnt•lrllllon)

tale by th; Superintend t f D - . . ,., u ............ D c· "'"'--en o ocumenb, w Uuu,.\UP, • · • .. • • • • • • .. •· • • • • a-nw 13 eentl

UNITED STATES DEPARTMENT OF AGRICULTURE STATISTICAL BULLETIN NO. 54

WASHINGTON, D. C. January 1937

WHEAT FUTURES VOLUME OF TRADING, OPEN COMMITMENTS, AND PRICES FROM

JANUARY 3, 1933, TO DECEMBER 31, 1935

Prepared hy the Commodity Exchange Admini3lralion (Formerly the Grain Fulurll3 Adminl•lrallon)

CONTENTS

'fable Page 2

Open commitments-Continued. Table Page Chicago Board of Trade-Contd. I ntrorlucllon ______ ••• ____ .•. ____ ••• ____ _

Volume of trading: All markets:

Annual, by calendar years, In all futures combined, for each market and all markets combined-

Annual, by crop years, in all futures combined, for each mar-ket and all markets combined.. 2

Monthly, in all futures combined, for each market and all markets comhined _____________________ _

Monthly, for each principal fu-ture, and by markets _________ _

Chicago Boarrl of 'J'rade: Durin~ life of each principal future ________________________ _

M r~nthly, during life of each prln-C!Jml future____________________ 0

Dally, for all futures combined._ :JO !Jail[' for each principal future:

~~~i~~b~r:_~~:::::::::::::::: H Aycg~~"~!.~f; -,;~iliiiie-ar-t"ia,iirig 31

1n all futures combined, by months ____ _

A vorage daily ·,;;,j[Jme- ~f- trncllng In each principal future, hy months:

~)!i~;,:~;-~::: :::::::::: ::__ l? JJccombor ----------- g

Variations in- ()ally- -v(iliirile- oi Mtracllng in all futures combined. 19 1 onthly volume of trading In

ronnd lots nnd job lots ________ _ Volume of trading during life of

ouch principal future compared with amount of open com-

O mltmentssottlod by delivery___ 18 Pen, C?mmi~ments:

Chlcflgo Board of '!'rude: v.,,tes 011 which principal futures

JCunmo dominant_ 2g Annual maximum an(fffiiriiffi1jffi

open commitments In all futures uomhined

Monthly, maxirnum--a-n(("riiinl: 8 mum 0 Tlen commitments· ~nfutures combined.-~----- o

es101~~~L;::::::::::::::::::::: ;~

13

14

15

15

23

23 52

RO 72 84 UG

24

26 27 28 20

41

21

40

52

21

24 20 27

Monthly, maximum and minimum open commitments-Con.

Bcptemher ______ ------------- 12 December_ __________________ J:l

Commitments in each and all futures combined, open at end of each month, by years and by months._______________________ 14

Percentage of total commitments held open in each future at the end of each month, by vours and by months·----------~---- 15

Daily open cornmiLrnents for all futurr_s combined 30

Daily, for each or"tlio_p_rii:!ciiial futures:

May_----------------------- 31 JulY------------------------- :J2 September. _________________ 33 December. __________________ 34

Daily open commitments in all futures combined held by variousclussc::: of traders~--~------- 16

'Veekly pcreentaf!c of open commitments in all futures com-bined held by various classes of traders ______________________ 17

Amount of open commitments settled by delivery ____________ 18

Minneapolis anrl Kansas Citv: End of each week, for ea(:h of the

principal futures: At Minne~polis _____________ 20 At Kansas Cif.y _____________ 21

Prices: Chicago noard of Tmrlc:

Jl i~hest and lowest prices paid, from January 2, 1~77, to Decem-her:ll, Hi35 ____________________ 22

llighcst and lowc~t price$, sca!'lonal range, and average daily rnng-e in prices for the lifo of each of the principal futures___ 2·1

Days on which l.he price advanced or dcclinerl to limit or lluctuntiou permitted, or roached tho pegged or mini-mum price ____________________ 23

Monthly high, low, average daily range, and nveragc closhl.g price of each of the principal futures:

MaY------------------------ 25 July _________________________ 26

September. _____ ------------ 27 December.·---------------·· 28

1

28 20

29

32

52

60 72 84 06

34

39

40

41 43

46

47

46

49 49 50 51

2 STATISTICAL BULLETIN 54, U. S. DEPT. OF AGRICULTURE

CONTENTS-Continued

Prices-Continued. Table Page Chicago Board of Trade-Contd.

Daily opening, high, low, and closing prices of each of the principal futures:

MaY------------------------ 31 60 JulY------------------------- 32 72

Prices-Continued. T•ble Page Chicago Board or Trade-Contd.

Daily opening high, low, and closing prices of each or ohe principal fntures:-Continued.

September-........•......... 33 84 December_ __________________ :H D6 Daily closing price of dominant

future.------------------------ 30 62

INTRODUCTION

Two bulletins have been published by the Grain Futures Administration pertaining to the volume of trading, open commitments, and prices of wheat futures for the period of January 3, 1921, to December 31, 1932. The publications containing these data are Department of Agriculture Statistical Bulletins Nos. 31 and 41. Statistical data for the years 1933-35 have since become available and are presented in this bulletin.

TRADING IN FUTURES TEMPORARILY SUSPENDED

Trading in futures on the grain exchanges was suspended during the bank holiday of March 4 to 15, 1933.

On July 21 and 22, 1933, following the crash in grain-futures prices on ,July 19 and 20, trading in futures was suspended by the directors of the Chicago Board of Trade. Traders who had previously purchased weekly privileges, however, were permitted to exercise them on July 22, 15 minutes being allowed therefor. Beginning July 24, 1933, the directors provided that the daily market session for trading in grain futures should be from 10:30 a.m. to 1:15 p.m. (10:30 a.m. to 12 noon on Saturdays) until further notice to the members. On July 31, 1933, the regular hours of 9:30a.m. to 1:15 p.m. (9:30 a.m. to 12 noon on Saturdays) were restored by order of the directors.

NO TRADING IN THE EXPIRING FUTURE ON LAST 3 DAYS OF THE DELIVERY MONTH

Under the provisions of an amendment to rule 259 of the Chicago Board of Trade adopted on October 14, 1935, effective with the 1935 December wheat future, trading in the expiring future during the last 3 business days of the delivery month is prohibited.

SOURCES OF INFORMATION

All statistical data presented in this bulletin relative to volume of trading and open commitments have been compiled from reports furnished the Grain Futures Administration by the clearing members and the clearing associations of the exchanges. 'fhe prices represen,\ the official quotations of the Chicago Board of Trade for "round lots of 5,000 bushels or multiples thereof supplemented in a few instances by data secured from brokerage houses.

VOLUME OF TRADING

SALES EQUAL PURCHASES

The figures on volume of trading represent sales, or one side o~ly, of each transaction. For every sale there is, of course, a corresp_ondill~ purchase, so that the volume of trading figures in the bulletm ma be accepted as representing either purchases or sales.

WHEAT FUTURES 3

FOR LIFE OF FUTURE

The volume of trading on the Chicago Board of Trade during the life of each future expiring during the years 1921 to 1935 is presented in table 5. The life of the future includes the period elapsing between the first trade in the future and the end of the delivery month.

As 85 pereent of the trading in wheat futures is done on the Chicago Board of Trade, the data c~vering the daily v?lume of trading in _each of the principal futures and mall futures combmed have been restncted to that market. The daily volume of trading, open commitiD:ents, and prices of the 1933, 1934, and 1935 May wheat futures at Chicago arc shown in figures 2, 3, and 4, respectively.

During part of 1934 there was trading in both "old style" and "new style" wheat futures. The periods when such was the case with respect to the several futures are as follows: 1934 July wheat future, old style and new style, July 2, 1934, to July 31, 1934. 1934 September wheat future, old style and new style, July 2, 1934, to Septem-

ber 29, 1934. 1934 December wheat future, old style and new style, July 2, 1934, to December

31, 1934.

The need for the designation of the terms "old style" and "new style" wheat futures was occasioned by the changes made with respect to the grades deliverable on futures contracts. The grades of wheat deliverable on contracts for future delivery on the Chicago Board of Trade at a premium, at contract price, and at a discount, respectively, from September 2, 1924, to December 31, 1935, are shown in the following tabulation:

Deliverable al premium Deliverable at contract price Deliverable at discount

Premium, 2 cents per bushel: •No. 1 !lard Winter. Discount, 2 cent~ per bushel: No. I liard Spring.' •No. 2 Hard Winter. No.2 D~rk Northern Spring •

Premium, IY, cents per bushel: *No. I Yellow Hard Winter.•' Discount, 3 cents per bushel: 'No. I Dark Hurd Winter. •No. 2 Yellow Hard Winter.•' No.2 Northern Spring.• No.I Dark Northern Spring.' •No. 1 Red Winter. Discount, 5 cents per bushel:

Prem1um, I cent fJCr bushel: •No. 2 Hetl Winter. No.3 Dark Hard Winter.• 'No.I Dark Northern Spring. •No. 1 Northern Spring. No.3 Hard Winter.• 'No. !Heavy Dark Northern No.2 Northern Spring.' No.3 Yellow Hard Winter.• Sprln~.• •No. I Ueavy Northern Spring.' No.3 Red Winter.•

Premium, ~ cont per bushel: Discount. 8 cents per bushel: ·~o. 2 Dark Ilard Winter. No.3 Dark Northern Spring. I No. 21Jurk Northern Spring.' No.3 Northern Spring.o

U' :tlftted Sept..11, lU25; delivernhle on futures contracts beginning Oct. I, 1925. Grade eliminated from ~'<,'' • taLes OllwiHi Grain Standards effective July 2, 1934. , ''"''' olunmate<l Sept. 14, 1925, effective Oct. I, 1025. , Mopted for delivery, eiTective July 2, 1034.

prlo; ;:tT"ttcdd frolll deliverable gmdes Oct. 6, 1930, effective on all contracts after June I, 1931, deliverable ~A 1 Ia ate on 110ld contracts" only

"new' ;;rtt"d 'i' .'!e11ivoruble ~rade Mar. n,' 1932, effective on all contracts alter Oct. 1, 1932, deliverable on 0 Ad'" ""', 8 >otwoen July I, 19:!2, and Sept. 30, 1932, both inclusive.

opted Sopt. 11, 1925; not deliverable on futures contracts after Oct. I, 1925.

An asterisk (') indicates grnde deliverable under rules in effect on Dec. 31. 1935.

VOLUME OF TRADING IN ROUND LOTS AND JOB LOTS D .

in urmg 193.5, data have been secured showing the amount of trad-tigl~hat Was done d~ily_ in round lots (units of 5,000 bushels and mulwillt t fcreof), and m JOb lots (less than 5,000 bushels). In table 7 trad·Jc ohmd the amount in terms of bushels, and the percentage of iChi<:ng tBat was done monthly in round lots and job lots on the ' ' 11go oard of Trade during 1935.


OPEN COMMITMENTS

The figures representing open commitments are for one side only as for every long commitment there is a short commitment of equal amount. Inasmuch as the figures relate to the market as a whole including all the members of the clearing house, the aggregate of th~ long commitments and the aggregate of the short commitments open should balance exactly, not only for each day and for each month hut for the life of each future. This balance is not affected one way o~ the other by the fact that some contracts are eventually settled by the taking in or putting out of grain by delivery. Every such settlement, of course, affects both an outstanding contract of purchase and an ·outstanding contract of sale. The monthly range in open commitments in wheat futures on the Chicago Board of Trade from July 1923 to December 193.5 is shown in figure 1. ·

I i I -

1?2.1 1924 !925 1926 19/1 1928 IP.?JI !9.ld IP.JI IP.JZ I.PJ.J IJI).{ IPJJ

FIGURE 1.-Monthly range in open commitments in wheat futures on the Chicago Board of Trade !ram Jaly 1923 to December 1935. White dots indicate contracts open at end of months.

OPEN COMMITMENTS OF V ARlO US CLASSES OF TRADERS COMING WITHIN THE REPORTING REQUIREMENTS

Following the crash in wheat-futures prices of July 19 and 20, 1933, during which was recorded an extreme decline of 27% to 31Ys cents from the highs of July 18 to the lows of .July 20, the reporting rcqm~·e· ments which had been suspended since October 22, 1932, were rem· stated by the Secretary of Agriculture. On and after July 20, 1933, all accounts having net open commitments in any one wheat futu~·e amounting to 500,000 bushels were to be reported daily to the Gram Futures Administration, and as previously, in cases where a c~stonrer had more than one account, all accounts were to be cornbmed 01

reporting purposes. On October 14, 1933, the amount required to be reported was reduced from 500,000 to 200,000 bushels.

Additional information was later obtained as to the nature o~ the individual accounts coming within the reporting requirements, L e., whether they represented speculation, hedging/ or spreading ~et'Jee~ round lots and job lots. Spreaders between round lots and J0 0

are comparatively few in number. They make a specialty of bufhn~ futures in 5,000-bushel units and selling them in lots of less 0

5,000 bushels, or vice versa. t d rrorn lhe

1 The hedge accounts Include a small percentage of speculation which could not be soporu 0

hedging.

WHEAT FUTURES 5

Table 16 shows the daily aggregate open long and short commitments in Chicago wheat fu~urcs of e_ach of the th~ce classes of traders coming within the repc_>rtmg reqmrement~ durmg the year 1935. There is also presented m the table the dally aggregate of the open long and short commitments of all accounts within and without the 200,000-bush~l reporting requi~ement. T_he open interest of t~e latter class is obtamed by su~tractmg the da~!y _aggregate co_mm1tme;nts (long and short, respectively,) of those Withm the reportmg reqmrements from the total open commitments in Chicago wheat futures. The open commitments of these small traders represent both speculation and hedging, with the former usually predominating.

In table 17 is presented the percentage of the total open long and open short commitments in Chicago wheat futures that was held at the end of each week by the various classes of traders during 1935.

PRICES

As previously indicated, the price data presented are the official quotations of the Chicago Board of Trade, supplemented occasionally by data obtained from brokerage houses. Few trades are made early in the life of a future. The prices at which they are made are sometimes not called to the attention of the quotation department of the Chir:ago Bo!trd of Trade and, therefore, are not entered into the official price record of the exchange. In those instances prices have been secureu directly from the brokers by the Grain Futures Administration and are included in the price data presented in the bulletin.

The daily opening, high, low, and closing prices paid for the May, ,July, September, and December futures on the Chicago Board of :rrade are to be found, with the net change in price from day to day, 1~ trtbles 31 to 34. The net change in price from day to day is the difference between the average of the closing range of a given future on. one day and that of the previous trading day. The change in pnco is expressed by a plus or minus sign, the former indicating an advan.ce in price, as compared with the previous close and the latter a declme. I~ calculating the daily net changes in price, the average of the

closmg range of one clay was compared with that for the previous d1ay. ~n some ca.sos the net change in price, close to close, as thus c.et~rmmed would be one-eighth cent more or less than the 5-cent hm1t o~ fluctu!ttion permitted. In these instances the net change sh?wn m the bulletin has been arbitrarily adjusted to show that the prdi~e had or had not reached the 5-cent limit, all such instances being Ill Icated by footnotes. t Th~ ~1igh and low prices and the dates on which they were paid on he Olncag? Board of Trade, the price range for the future, and the

ivrago da1ly price range during the life of each of the principal 11 ures aro.shown in table 24. The monthly high and low prices, the ~~0[~~~~ai!y range, and tho average closing price are given in tables

~ ~ ~ ~ ~ ~ " ~

r_/ft/ot/STnvJEPTEMBE~ rOCT08E~YEMB~fECEI'fBERlf""'?..1NI/ARr;8("£8Rt/ARJ{':'/fR~~f':"""'1PR!L~,r:-MAY---zt 6 13 20 27 .J /0 17 M V 8 IS 22 S 12 19 26 .J /0 17 M .:J1 7 I+ ~I ~8 + II 18 2. 3 18 2S ~ 8 J5 22 6 13 20

l I "[' ~ _l Tl liiii m~ 'Jii I ~ ~.~ ~ ~ "fl' .. I

l'thl!.J ~ 1'-<o -... AYERAbE OA'LY ~AloE t.f ¢ , ~

.... .. l'lt'f"' i't. ' I I I I I I I j AI/ER/18E CLOSE 55 if¢

~& ~~!tt~~~ ffir.J6 - .. i'~ .~

li lHICJII ~~.

~75 70 65 60 55 so .-f5 40

r~ !"' 1'1... - ·~

""" -1-.. r~ ... .-' ~r KEY.· ~

/0{] OPE:Jtt { CLOSE ,~ ,.._ (j.ow .-f.J~¢)

% LOW ,-' ,.., 90

~~-(5 I -......

85 "" 80 ~~(~ / 15 ~~~v ~ 10 65 oP.£/"~-"' 60 __. 1-J I'-55 I/ _'\.. 50 /

45 v 1\ 40 v _\., 35 I 30 I \

J/OLI/11£ OF TR/101#(7 Cl 25 20 / I lit! '-15 L

IR -1'\.

Ul Ut Ill :,r.. 1cl 10 ltlhllll~~ ~llili-lllt:.ULJ. 5 .![ llltl.ll.llllll,ll.l. -'M r-.., 0

FIGURE 2.-Dnily YolUID.e o[ tr-Ading, open C"omnlittnont.s, and prk-es of the 1933 :l\·f~1y wheat future at Chicago.

~

~ ~ Ul

~ ~ >-3

~ ...... Ul >-3 1:1-: ......

~ Q >

~ t"' \\.': td

C1 t"' t"' t"J >-3 ...... z CJl

~

cj

~

t1 t"J '"d >-3

0 ""l

> Q ~ ...... Q C1 ~ 0 !:0 trJ

Cr)

~ ~ ~ ~ ~ ~ ~

~ ~

115 1/0 /0.5 100 95 90 85 80 75 it' 65 60 55 50 -15 -'#()

3S .30 25 20 1.5 /0 5 ()

!dVJB~i/f:h-;;v-~t(ff'ff~-.J~P[F%_E!fr OC[f.BI5eg;;vo~E1fE,§yf~'Y'ft!.r'/A'jt/AR~-;E'{f}ffiV3'foAf/~:;; ~AP£/t -'~.[-;; ~~~ $ 1 . .30

fji1vH '"7. zii~) I l)Y:I

I Jill ' ' --~ ,e!.,)&i .Js%1¢ HIOH f ·Ia. ~ .l !l'i rtr. ' OPEN/NV CLOSE:

' L.OW ' .b

~{~ ~ 'Jr.~ I!. ~~~ ..... _ - .I "'Il /IYER/f(JE £+1/LY ~f 24'¢ I

. - - -~ so.l - - _.d~EAJ_'f(!.t_ap__'s_E ?i4J_~ _ 'I _L ' ..... ,. ... , .. ,.. ..... 1, ... , "'~''"" """"' ...... -- ~fl . FRf/i; WEJ£ Ht56& FifrJ'If/df{;:ll7lJ '

... '- .1~ 27, /933 ANP AVti. I 15, 1933. ' ...

' --r lJ ..... ~--, "~ ..... r---(low 11~~ l:f() I '-, ......

"" I. i ~

~l).-1 '-.. -....._ oq~~ I "r--..

I-' ~h. i/ rJ I\ If' f\::1'-..

~)1 \ / 1\

?"' /..J I

1/0LIJ/'1£ OF T:f'AIJI/'16 \

·/-~ - ~ I . ~~~ "~~ ·• .111 1. , ~~m ... ..... .....

FIGURE 3.-Duily volume of trading, open commitments, and prices of the 1934 l\Iay wheat future at Chicago.

~ 1"1

...J -

-.,

1.2.5 Cl. 1.20 ~ 1.15 S!) 1.10 ~ 1.05 1.00 ~ .95 ~ .90 ~ .85 ~ 80 ~ :75 ~ .?0

~ 1:';1 > 8

"':: 0 8 0

~ Ul

~

fl) !;j ~ ~ ~ ~ ~ "' ~

t;261[ f8 25" iS-. 2z 29J r,~v2"o"271[3"/lt/7'H \fl T/5'22 2# ~ ~23V -Z3 3J./ -~/IPRIL---, r

I (~~8;/-1)j) 1 11 1 1 I 120

I~ - - -- ,e,.-4~) _I ,I /.IS J' r·~ 1 ,.,~u~, ~~¢- --~-- ·1.1o

iili '""''f"' 1... - :-J'I !'-;. -- 1- l.JL 1.05

~rE~ac- C:~os£ ;;~~' -- mtv - iU'f .--- I"' - -- - -- f'Qfi.t,; - -_- t.;.lf'l'j;aii t-.t - - - - :,_tJ • r; -- - - - '·~~ ,~ f I I 1 1 I '.[ 1/ 1'-- - -- __ llon,l .r • ' lvtf--AI/ELY/&EM!!YRAMiEI&¢t r-... ~'~"t.r_ __ r....., .90 9. j I ~ - - -- - !t., 85 90 I I I _I " ~ "\ - - t-J . 80 8. I ~!Gr/t' l.r -rr-1~~ I'-. (jow 82~ ~+- · 80f.-- OPEN!Nt1 f CLOSE j,.-' ... ~~~ · \""-., . · . 75 ·, I I LOW /v cor· N 70 Ill ~ ..... V'if~l INI II 1111 .;.~ lllll V I l_l_l lllf"-...i M1 I I I I I I 1./1 I I I I I I I I I I I I I 1.1 I Ll L l I I I I I" HI I I I I I I If I I I I I I I I I I I I I I I I I I I I I I I I I I I'\ .~nl 1 J 1 J 1 I! 1 I I I I l I L I I_[ I I I I I I I I I I I I I I I I l 1::±-::: .4;1 I I I I VI I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I 1\

FlGVRE 4.-Daily volume of trading, open commitments, aud price<> of the 1935 ll!ny wheat future at CWc3go.

00

Ul

~ 8 .....

~ ~ ~ .....

0 ~ >

t< ~ i:l:j ~ q

~ t< t< El ~ 8 ..... z 01

~""' q

?' t::1 El ~ 8

0 l:;j

> 0 !Jj ..... 0 q t< 1-:3 q t:::J El

WHEA'r FUTURES 9

HIGHS AND LOWS

The official high and low prices quoted by the Chicago Board of Trade include not only the highest and lowest prices paid during the trading session but also the bid and asked prices which are higher or lower than those paid, providing, however, that they follow a trade made in the pit. Whether the high or low is a bid or asked price is not indicated in the quotations of the Chicago Board of Trade, sent out on the public wires.

OPENING RANGE

The opening range in prices of futures is not necessarily the prices paid at 9:30a.m. The opening range ma3; include prices paid several minutes or more after 9:30 a. m., dependmg on how soon the orders to buy or sell "at the opening" were executed.

CLOSING RANGE

The closing range usually relates entirely to prices prevailing at 1:15 p.m. (12m. on Saturdays). There are times, however, when the closing range also includes prices paid a few minutes before 1:15 p. m. This usually occurs when a broker has a large order to fill reading "to buy at the close" or "to sell at the close." In that case the broker informs the board of trade representative that he has a large order to fill "at the close" and wishes to have prices paid by or to him, depending upon whether he is going to buy or sell, included in the official closing range. All trades made by him shortly before and at 1:15 p.m., are then included in the closing range for the day. Any bid or asked prices quoted at 1:15 p. m. are included in the official close and are shown by the letter "b" for bid, and "a" for asked . . Few, if any, closing prices are shown in the tables during the early

hfe of a future. This is due to the fact that the trades made are few in number with none coming at or near the close of the market.

LIMITATIONS ON DAILY FLUCTUATIONS

On March 14, 1933, the directors of the Chicago Board of Trade ordered that trading in futures, which had been suspended during the bank holiday of March 4 to 15, 1933, be resumed on March 16, and that under the provisions of rule 81, a limitation be placed on the market prices of wheat for future delivery of 5 cents above or below the closmg prices of the previous business day. On March 16 they ordered that the restriction on price fluctuations be withdrawn at the close of the market on March 17. d ~n July 20, 1933, the directors, acting under rule 81 of the exchange, ec.ared that beginning with :F'riday, July 21, 1933, and effective

until further notice, there should be no trading in wheat futures during any. day at prices more than 8 cents above or below the average ~lo~mg price of the preceding day. The limitati0n, however, was not ~ m~piur t~1e right of holders of weekly privileges at that time to ex~\ij1d ~heu privileges at prices outside of the limitations imposed. v . mly privileges good on July 21, 1933, were declared null and t~ltdl anbd the consideration paid was ordered returned by the sellers

1e uyers. B .. Cl' cgmmng with ,July 20, 1933, the market report committee of the

ncago Board of Trade announced daily the limits of the high and


low prices for each future effective the following trading day. These were the maximum and minimum prices that could be paid on that day. On July 28, 1933, the limit on daily fluctuations from the previous close was reduced from 8 cents to 5 cents, effective as of that date. During the periods that the pegged minimum prices established by the board were in effect, however, the low prices paid could not be less than the pegged minimum prices. The respective periods when the pegged prices were in effect are shown below.

The days on which the prices of the various wheat futures reached their respective limits are shown in table 23. They are also indicated in other tables showing the daily prices of the individual futures.

PEGGED MINIMUM PRICES

On July 22, 1933, the directors of the Chicago Board of Trade, acting under the provisions of rule 2.51 of the exchange, declared that beginning with Monday, July 24, 1933, and effective until further notice, there was to be no trading in wheat futures below the following minimum prices, known as "pegged prices": July wheat, 90 cents; September wheat, 92 cents; December wheat, 95Yz cents; and May wheat, $1. These minimum prices were later rescinded effective July 28, 1933. On July 31, however, the directors declared that there should be no trading in wheat futures below the closing prices of Monday, July 31, 1933, viz: September wheat, 92% cents; December wheat, 95% cents; and May wheat, 99Ys cents. These minimum prices were to remain in effect until and including August 15, 1 93:-L Effective after the close of the market on the latter day, the pegged prices were discontinued by an order of the directors, issued on August 11.

The days on which the minimum prices were reached during the period of March 16 to August 1.5, 1933, are indicated in table 23 and the tables showing the daily prices of the individual wheat futures. During the period of March 18 to July 21, 1933, no limits on the fluctuations were in force.

SPLIT QUOTATIONS

Fractions on the exchanges are expressed only in eighths of a. cent and multiples thereof. By virtue of a special provision of the Chwago Board of Trade rules (repealed .Tune 29, 1933), however, trades were permitted at so-called "split prices", equivalent to prices in sixteenths of n, cent. This, however, was possible only if even multiples of a lot were dealt in. Under such circumstances it was permissible to buy or sell one half of the entire quantity at one-eighth cent above th3~ remaining half. For example, a trader selling 10,000 bushels at $1.54!4

split actually sold one lot of 5,000 bushels at $1.54% and the .other 5,000 bushels at $1.54%. While this was equivalent to a pnce 0

$1.54 17{6 for the entire trade, the split involved the quantity rather than the price. The price quotation for such transaction would have been expressed by using an equal sign ( =) after the lower of the two prices, viz, $1.54% =. d

In recording the highs and lows in the Chicago Board of Tra e Yearbook, split quotations were not designated as such; in the ex~rn· ple given, for instance, assuming that the higher of the two Pte: constituted the high for the day, it would have been recordi 11r $1.54% rather than as $1.54%=, and, on the other hand, if the owe

WHEAT FUTURES 11

of the tw? prices had constituted ~he day's low it wo~ld have bee.n recorded m the Yea~book as $1.54% rather than $1.54%=. In this bulletin split quotatiOns are shown as such by the use of the equal sign (= ).

AVERAGES

The monthly averages of daily volume of trading found in tables 10 to 13 are based on the total number of trading days in the month, regardless of whether or not tradin~ occurred each day.

The monthly average closing pnces found in tables 25 to 28 are bused only on quotations sent out on the public wire by the quotation department of the Chicago Board of Trade. Prices quoted by the boa.rd on round-lot trades previous to the time the quotation committee instructs that the quotations be sent out on the wire, are not included in the averages for the following reasons: In the early life of a future, trading is small and at irregular intervals. Such trades, unless made at the beginning or closing of a trading session, have only the high and low recorded. If these frices were included in the averages for the month or for the life o the entire future, the average close might be higher than the average of the highs or lower than the average of the low quotations. A few instances also occur when volume of trading in round lots has been reported to the Grain Futures Administration for which no price has been recorded by the Chicago Board of Trade. This omission on the part of the board may be caused by the failure of the pit trader to report to the market reporter the price at which the transaction was made. In such cases the price is obtained by the Grain Futures Administration from the firms who made the trade. It is then entered as a high and low price in the records and designated as a quotation received from the firms. Such price figures are excluded from averages.

Occasionally, opening, high, low, and closing prices are quoted by the board of trade, but no volume of trading reported to the Grain Futures Administration to cover these prices. This may be due to an error on the part of the firms in failing to report the trading or on the part of the exchange, which may have sent out a job-lot quotation, buyers' or sellers' price (bid or asked price) through error. Inasmuch as an opening, high, low, and closin~ wire quotation has been recorded by the exchange, however, it sigmfies that a trade has been made and such quotations, therefore, are included in averages.

OBSERVATIONS CONCERNING FUTURES QUOTATIONS

AVERAGE OF THE HIGH AND LOW QUOTATIONS

~n this bulletin are presented the opening, high, low, and closing lnees of wheat futures on the Chicago Board of Trade. These four ypes arc the only ones which are widely published, but it should be

remembered that they are only a few of the many quotations which dre common!y registered daily in each active future. Several hunf r~d quot~twns are usually established per day in the most active Su ture1 durmg the 225 minutes of the trading session (150 minutes on rna urc ays) and they tend strongly to fluctuate in wavelike moveallnts,, so that no ~me .quotation can .be full.Y representative of t~em ha· d9a1reful exammatwn of the readily available types of quotatiOns

8 Isc osed that no one type is best suited for all purposes. For

12 STATISTICAL BULLETIN 54, U. B. DEPT. OF AGRICULTUUE

rough coml?arisons the differences between the various types may not be sigmficant, but if a detailed analysis involving futures quotations and other data is to be made, it is necessary to consider the character of the other data (e. g., volume of trading) in connection with the nature of the type of quotation chosen for the purpose.

The average of the high and the low quotations corresponds more closely, on the whole, to the average of all the quotations for a day than does any other readily available tyl?e of quotation.8 This may seem surprising at first in view of the disadvantages of such figures in most kinds of data, but it may be seen that in futures quotations the daily high and low quotations are not affected by isolated high or low items. This is true because the contracts to which the quotations refer are very highly standardized and also because the large number of traders involved in the futures market helps to give continuity to the quotations.

CLOSING QUOTATIONS

The closing quotations are more widely used than any other type of quotations, both by the grain trade and by others, but they are unsuitable for many detailed comparisons. They have the advantage of being the final quotations for the day and thus of reflecting changes in the market situation which may have become known late in the trading session, but they are only roughly representative of the average of all the quotations for the day, and they exhibit much wider fluctuations over a period than does the market as a whole. In part, this is due to the fact that on one day the closing quotations may be found at or near the crest of one of the wavelike fluctuations and on the following day at or near the trough, but it also appears that at times the change from one close to another may be affected by such influences as a rush of scalpers to close out their contracts before the end of the session or by heavy trading connected with privileges. A further objection to the use of closing quotations is that frequently they indicate that prices moved in the opposite direction from that which would be shown by a comparison of all the quotations. For example, the closing prices for a day may have been lower than those of the previous day, while the market as a whole was higher than on the previous day, or the reverse may have been true. Such .was found to be the case on an average of 1 day out of 4 during the perwds studied. For some purposes the closing quotations are the b~st type available, but their characteristics should be carefully constd· ered before employing them in a detailed analysis.

s 'rhe data on which these conclusions are based, are presented, tol(ether with additional conclusions, In an unpublished manuscript in the file~ of the Grain I•'utures Administration.

WHEAT FUTURES 13

TABLE I.-Annual vol?.tme of trading in all wheat futures combined on each of 12 markets, by calendar years, Jan. 3, 1921, to Dec. 31, 1935

[In thousands ol bushels, I. e., 000 omitted]

1021 1022 1023 1924 1925

Market Per- Per- Per- Per- Per-

Volume cent Volume cent Volume cent Volume cent Volume cent

of of of of of total total total total total

-- ------ ------------ ------Chicago Board of

12, 273, 650 86.73 11,072,545 87.17 8, 572, 111 85.05 9, 597,315 85.51 18,048, 505 87. 49. 'I'rnde~- ------- ~-Chicago 0 pen

237,761 !. 88 366, 575 2.89 328,452 3. 26 330, 171 2. 94 534,458 2.59' Board ...... -----Minneapolis ... -.. - 792, 965 5. 60 503,986 a. 97 542,043 5. a8 642,607 5. 73 1, 066,475 5.17 Kansas City ....... 527, 560 3. 73 303, 181 3.00 a47,164 a. 44 an, 676 a.31 632, oa5 a.oa; Duluth ... --------- 174,922 1. 23 198,263 1. 56 18a, 192 1.82 174,805 1. 56 211,640 r.o:> St. Louis .......... 126,852 • 90 139,471 1. 10 83, 186 . 8a 91, 110 .81 111,413 ,54 Milwaukee ........ 18,226 .13 27,901 . 22 22,365 • 22 15,324 .14 24,259 .12 New York ......... (ll ------ (1) ------ ~I) ------ (1) ------

l:l ------

Seattle __ ..........

!;l

------ t ------ ') ------ (2) ------ ------Portland .. __ - .... _ ------ :l ------ ~:l ------ (') ------ ') ------Omaha._ .. _. __ .. __ ------ ------ ------ i') ------ i') ------Hutchinson ....... ------ (') ------ (' ------ 2) ------ ') ------------------ ----· --------------

•rotaL ...... 14, 151,936 100.00 12,701,922 100.00 10,078, 51a 100.00 11,223,017 100.00 20,628,785 100.00

1926 1927 1928 1929 1930

Market Per- Per- Per- Per- Per-

Volume cent Volume cent Volume cent Volume ce,nt Volume cent of of of of ol

total total total total total ---- -- ---- ·-- ------ ------ ------

Chicar~o Board of Trade ___________ 13, 322, 169 85. 75 9, 004,376 82.93 8, 939, 120 81.65 15,684,401 83.56 12,448,884 84.47

Chicago 0 p e n Boat·d ..... ______ 040,682 3. 48 a51, 931 a. 24 341,801 3.12 495, 927 2. 64 aos, 119 2.48

MinncaiJOlis _____ __ 714,705 4. 79 68a, 210 G. 29 801,891 7. a5 1, 258,228 6. 70 801, 197 6.05 Kansas City _______ 540, 216 a. 48 421,841 3. 80 403,417 4. 51 850,087 4. 53 693, 15a 4. 70 Duluth ____________ JHH.120 1.21 221,879 2. 04 294, 218 2. 69 394,483 2.10 272, 40a !. 85 St. Louis .. ________ 92,937 . 60 49, 278 . 45 40,364 . a7 28,014 .15 15, 144 .10 Milwaukee ........ 21,903 . 14 21,750 . 20 26,226 .24 ao, 470 .20 28, a45 .19 New York _________ 82,015 . 53 95, 340 .88 (') ------ (') ------ (') ------Scalile __ . _________ 2, 914 .02 8, 860 . 08 7,421\ . 07 12,722 .07 11,395 .08 Portland. _________ (2) ------ (') ------ (2l ------ 9, a66 . 05 11,823 .08 Omaha __ ---------- (2l ------ (2l ------ (2 ------ (2) ------ 316 (') llutchinson. ______ __ (2 __ ------ (2 ------ (' ------ (2) ------ (2)

TotaL ______ 15, 5:J6, 261 100.00 10, 858,465 100.00 10,047,471 100.00 18,770,598 100.00 14,737, 779 100.00

1931 1932 10a3 1934 1935

Market Per- Per- Per- Per- Per-Volume cent Volume cent Volume cent Volume cent Volume cent

of of of of of total total total total total

--- -- ---- -- --- ----- -- ------Chicago llouru of

'J'rado 0, 025, 200 8a. 06 8, 078, 176 84. 16 10, asa, 912 83.60 7, 500, a97 84.11 7, 062,731 83.46 Chicago --o·r·e·n· Board 286, ooa 3.44 301, 459 3. 14 292,087 2. 36 172, 501 1. 94 130,648 !.54 M inncuvoiis:::::--

Kansas City --369, 040 4. 44 417,019 4. 35 680,281 5. 54 512, 237 5. 74 531, a94 6. 28

Duluth. ------- li01, 944 6. 74 688,858 7.18 008,429 7. aa 077, 179 7. 59 095,058 8.21 St. Louis .. ________ llO, 505 1. a2 75,053 . 78 98, 506 . 80 ao, 920 . 35 24,895 .29 Milwaukeo---- ·--- 9,488 .11 1a, 034 • 13 11, 131 .09 1, 241 .01 1, 218 .02 New York .. ______ 13,802 .17 15, 19a .16 23,668 .19 16, 622 . 19 11,992 .14 Sollttio --------- 26, 356 . a2 43 (3) ---------- ------ ---------- ------ ---------- ------Poru"n:ct··-------- 9, 788 .12 4, 486 .05 6, 598 .05 4, 200 .05 3, 450 .04 Oruahu ---------- 8, 632 .10 2, aao . 02 4, 515 . 04 1, 730 .02 021 '01 Hutchins~il::::::: 15,075 .18 2a (3) (')

--(3)" (2) ------ (') ------(2) ------ 2, 405 . 03 332 317 (3) 505 . 01

__:rotuL ___ . ____ 8, 337, 633 100.00 9, 598, 775 100.00 12, a85, 519 100.00 8, 017, 344 100.00 8, 462,821 100.00

1 rradtng i · resumed (In bn gdram futures at New York began Aug. 2, 1026, was discontinued Dec. 31, 1927, and was

2 Trarll . on od Canadian wheat futures only) Mar. a, 1031. June 16 1~§0m ~ain futures at Seattle began May 1, 1926; at Portland, Oreg., June 10, 1929; at Omaha, In32. ' • an was suspended at Omaha Dec. 7, 19a2. Trading at Hutchinson, Kans., began May 16,

3 Less tbun 0.01 percent,

14 STATISTICAL BULLETIN 54, U. B. DEPT. OF AGRICULTURE

TABLE 2.-Annual volume of trading in all wheat futures combined on each of12 markets, by crop years, July 1, 1921, to June 29, 19.''JIJ1

[In thousands of bushels, I. e., 000 omitted]

1921-22 1922-23 1923-24 1924-26 1926-26

Market Per· Per· Per- Per- Per-Volume cent Volume cent Volume cent Volume cent Volume cent

of of of of or total total total total total ----- -----------------

Chicago Board of Trade .•••••.•••• 12,814,318 87.44 9, 026,226 85.74 6,124, 323 83.70 10,687,110 87.87 16,809,025 86.50

Chicago 0 p e n Board •• _________ 343,300 2.34 364,173 3.16 261,833 3.68 446,476 2.36 601,900 3.28 Minneapolis ••• ---- 694,147 4.06 656,396 4.96 438,123 6.90 927,8ll 4.92 972,544 5.30 Kansas City _______ 632,047 3. 63 340,428 3.03 270,842 3. 70 677,006 3.06 646,449 2.08 Duluth ____________ 168,817 1.15 226,001 2.01 142,407 1.95 189,576 1.00 233,977 1.28 :St. Louis __________ 178,096 1.22 98,448 .88 66,772 .90 126,000 .67 96,569 .53 .Milwaukee ________ r .17 26, 161 .23 13, 650 .18 21,980 .12 23,060 .13 :New York _________ (') ------ ~·> •••••W (') ------ (')

"(•f :Seattle.----------- (3) ------ ~:l ------ (3l ------ 585 l'ortland. --------- (3) ------ ------ (3 ------ t ------Omaha ____________

(3l ------ 3) ------ ~:l ------ :l ------Hutchinson _______ (3 ------ (3) ------ ------ --------------------------------TotaL ______ 14,655,641 100.00 11,225,893 100.00 7, 316,910 100.00 18,875,905 100.00 18,345,015 100. 00

1926-27 1927-28 1928-29 1929-30 1936-31

Market Per- Per- Per- Per- Per· Volume cent Volume cent Volume cent Volume cent Volume cent

of of of of or total total total total total ----------------------

Chicago Board or Trade ___________ 10,619,503 84.39 0, 203, 164 82.16 9, 907,610 81.24 10,698,849 84.06 8, 300,320 83.08 Chicago 0 p e n

342,363 387,217 466,851 290,829 2.Q5 Board ___________ 429,206 3. 41 3. 00 3.18 2. 38 Minneapolis _______ 631,836 6.02 824,255 7.36 886,970 7. 27 I, 248,091 6. 37 580,981 5.78 Kansas City _______ 602,492 3.99 441,400 3.94 675,805 4. 72 874,990 4. 40 515,495 5.12 Duluth ____________ 164,918 1.23 272,492 2.43 376,615 3.09 328,100 1.67 219,091 2.18 St. Louis __________ 69,607 • 55 53,235 .47 27,661 . 23 22,237 .11 8, 792 .00 Milwaukee ________ 20,667 .17 27,602 . 25 25,043 .21 39,264 .20 15,329 .15 New York _________ 148,830 1.18 20,126 .26 (') ------ (2) ------ 25,436 .25 Seattle._---------_ 6,892 .06 7, 382 . 07 7,851 .06 14,405 .07 12,207 .12 Portland.--------- ~3) ------ (3) ------ 302 (') 14,970 .08 12,753 .13 Omaha ____________ ------ (3) ------ (3) ------ 24 (') 15,298 .16 Hutchinson.------ (:l ------ (3) ------ (') ------ (3) ------ (3) -···-·

TotaL ______ 12,583,940 100.00 11,201,018 100.00 12, 195,034 100.00 19,000,790 100.00 10, 0()3, 130 ~oo:oo

1931-32 1932-33 1933-34 11!34-35

Market Per- Per- Per- Per·

Volume cent Volume cent Volume cent Volume cent of of of or

total total total total --- -----------------

Chicago Board of Trade ____________ 8, 505,660 84.41 9, 093,048 83.50 8, :J98, 005 83.21 6, 797,554 83.06 Chicago ORen Board _______________ 333,002 3. 29 267,470 2.45 248,600 2.46 128,020 !.58 Minneapo Is------------------------ 364,281 3. 59 688,893 5. 41 605,260 6.00 457,401 6.05

Kansas CitY------------------------ 773,382 7.62 798,686 7. 33 ?a4,o32 7.28 078,319 8.38 Duluth_-------------------- ________ 66,975 • 06 102, 188 .94 71,900 .71 15,646 .19 St. Louis.----------- __ ---- _________ 15,234 .15 10,828 .10 6,092 .06 676 .01 Milwaukee._·---- ___________ --- ___ . 17,640 .18 10,351 . 18 18,663 .19 13,438 .11 New York __________________________

964 .OJ ·----3;567 .. ·:oi Seattle ______ ---------_--- ___________ 6,444 .05 5,449 .05 6,035 .06 .02 Portland _______________ ---- _________ 2,910 .03 3,071 .03 3, 327 .03 1, 411 Omaha _____________________________ 92 (1) (3) ··-:oi (3) ""(i>""

(3) "i•i" Hutchinson _________________________ 1,316 .01 1, 411 176 404 TotaL ________________________ 10, 147,490 100.00 10,800,205 100.00 10,003,269 100.00 ~ iiiD.OO -

1 The crop year Includes trading from July 1 of one year to June 30 of the following year. d was 2 Trading in grain futures at New York began Aug. 2, 1926, was discontinued Dec. 31, 1927, an

resumed (In bonded Canadian wheat futures only) Mar. 3, 1931. bn • Trading in grain futures at Seattle began May 1, 1926; at Portland, Oreg., June 19, 1929; at Jroy\o

June 16, 1930, and was suspended at Omaha Dec. 7, 1932. Trading at Hutchinson, Kans., began a ' 1932.

4 Less than 0.01 percent.

WHEAT FUTURES 15

TARLE 3.-Monthly volume of trading in all wheat futures combined on each of 11 markets, Jan. 3, 1933, to Dec. 31, 1935

[In thousands or bushels; !. e., 000 omitted]

Chicago Chi- Min· Kan· Mil- Hut-Year and Board cago neap- sas Du-

wau~ St. Port- Be- New chin- Total Open lath Louis land attle York month or Trade Board olis City kee son

------------- -------- ------1933

January------ 433, 192 19,458 29,207 28,792 5, 954 741 617 46 155 ------ 11 518, 173 February ...... 288,482 13, 275 23, 170 36, 569 2,244 060 330 40 87 ------ 22 364,769 March ........ 450, 266 15, 099 27, 706 45,407 4, 318 990 481 89 87 ------ 37 550,600 ApriL ....... I, 309, 623 31,202 80,088 llO, 672 9, 815 3, 191 I, 797 708 554 ------ f>O I, 647,710 May---------- 1, 270, 646 31, 904 63,733 95, 505 9, 534 3,059 I, 612 554 712 ------ 49 1, 483,307 June .......... I, 572,465 33,973 93,454 142, 321 14,104 4, 247 1, 435 472 I, 030 ------ 53 I, 863, 654 July .......... 1, 684, 036 32, 161 96,930 164,629 14, 557 4, 308 931 758 948 ------ 29 2, 000,186 August ........ 646, 816 21,885 70,858 66,834 10,436 1,179 503 511 032 ------ 17 819,670 September. .. - 661, 556 26, 145 55, 532 47, 201 9, 244 1, 322 603 251 461 ------ 6 802,381 October ....... 832, 751 26,067 54,778 65,232 6, 844 I, 008 921 1DO 254 ------ 21 988,636 November .... 743, 386 22,789 62,523 751 259 7, 923 1, 521 I, 58Fo 806 I, 382 ------ 5 917,185 December_ ... 447, 796 18, 129 28,242 29,888 3, 588 962 315 120 296 ------ 22 529,348

--------------------------------TotaL ...... 10, 353,912 292,087 636,281 908,420 98, 566 23,668 11, 131 4, 515 6, 598 ------ 332 12,385, 519

= ----------------------------1934

January _______ 437, 163 16,245 30,708 30,279 2, ogs 1,083 394 28 155 ------ 22 518,862 February ______ 320,677 12, 960 22,359 23,313 2,123 813 IG1 11 153 ------ 12 382,582 March ........ 307, 139 12, 819 25,348 23,450 2, 740 I, 003 l!j9 26 134 ------ ll 372,829 ApriL ........ 523. 171 10, 939 43, 945 47,183 3, 756 I, 071 440 520 740 ------ 12 631, 777 May---------- 891, 771 25, 156 55, 697 66, 507 3, 914 2, 010 69 60 608 ------ 13 1, 045,805 June .......... 901.445 23,305 58,250 94,697 4, 144 1, 793 10 76 272 ------ 6 I, 083,998 July __________ 921,720 13, 730 54,931 93,937 2, 793 1, 613 ·------- 217 403 ------ 16 1, 089, 360 AurusL ...... 1, 068, 254 16,780 79, 66~ 101, 333 3, 060 2,467 3 322 03R ------ 59 1, 272,591 September .... 500, 287 9, 923 43,028 47,080 2, 236 I, 199 ------- 91 203 ------ 52 604,999 October... ____ 051,878 12, 447 38,502 52, 323 I, 262 I, 417 ------- 22 203 ------ 41 758,095 November .... 515, lHl 10, 216 32, 8~1 52,717 I, 350 I, 210 ------- 338 503 ------ 33 014, 323 December ____ 461, 773 7, 972 26, 8S2 43,460 847 937 5 19 188 ------ 40 512,123

--------------------------------TotaL------ 7, 500, 397 172, 501 512,237 677, 179 30,920 16, 622 1, 241 I, 730 4, 200 ------ 317 8, 917,344

---------------------------------1U35

January._ _____ 407, 294 10,323 23,521 36, 306 603 756 144 IS 71 ------ 2.5 479,061 F'ohruary ____ __ 233,779 6,340 14, 632 24. 169 418 558 69 13 131 ------ 19 280,137

-Moreh ........ 362. 797 9, 640 23, 024 35; 788 496 679 38 li' 125 ------ 28 432,638 ApriL ........ 604, 370 10, 079 46,818 68, 365 911 I, 156 151 250 679 ------ 40 733,425 May---------- 528, 616 10, 537 37,298 59, 007 700 735 208 81 197 ------ 17 637, 996 June ... _______ 541, 667 0, 418 36,268 62, 394 969 705 57 17 226 ------ 34 651, 755 July __________ 941, 726 1:l, 732 76,319 122, 927 I, 045 I, 351 116 51 203 ------ 63 1, 157, 598 August_ _______ 750, 129 12,020 72,000 77. 311 3, 031 I, 427 20 145 225 ------ 05 917, 282 September ____ 746,052 11, 355 08,842 67, 178 6, 139 I, 076 24 96 633 ------ 8fi 901, -'31 October.. _____ 022,080 14, 389 05,472 64, 79() 5, 407 I, 227 ------- 130 326 ------ 49 1, 074,776 November ____ 527, 301 11, 340 41,869 41, 650 3,108 I, 061 118 45 395 ------ 53 620,949 December ____ 496,020 10,851 24, 431 34, 558 2, 018 I, 201 273 52 188 ------ 21 569,673

-------------------------------TotaL _____ 7, 002,731 130, 048 531, 304 iJ95, 058 24,895 11,992 I, 218 921 3, 459 ------ 505 8, 462,821

TABLE 4.- Volume of trading in wheat futures at 11 markets, by months, futures, and markets, from Jan. 3, 1933, to Dec. 31, 1935

[In thousands of bushels, i. c., 000 omitted]

Month, year, and market May future

July SeptemberiDecember Other All future future future futures futures

---------1------------

TotaL - ------ .... ___________ • ______ -3-80-,-37_0_ --1-1-2,-5-23- --~-0-, 0-6~------. -__ -_-_ --- ---2-10- --51_8_, -17-3


TABLE 4.-Volume of trading in wheat futures at 11 markets, by months, futures and marlcets, from Jan. 3, 1933, to Dec. 31, 1935-Continued '

[In thousands of bushel~, I. e., 000 omitted]


July September December Other All future future future futures lutur.,

---------------------------------------------------------------------February 1933

t::hicago Board of 'l'rade__________________ 188,686 76, 604 23,187 2!!8,482 Chicago Open Board_____________________ 12,007 1, 254 14 ---------- ---------- 13,21.1 Minneapolis_____________________________ 15,813 6, 541 816 ---------- ---------- 23,170 Kansas CitY----------------------------- 21,181 11,130 4, 258 ---------- ---------- 36,560 Duluth__________________________________ 2,032 212 ---------- -------------- _ 2,214 Milwaukee·------------------------------ 303 222 25 ---------- ____ ::.::: 550 St. Louis_________________________________ 310 20 ---------- ---------- ---------- 330 Portland_________________________________ 20 11 ---------- ---------- ---------- 40

~~t:~~~~~~~~~::::::::::::::::::::::::::: -------~~- -------~~- :::::::::: :::::::::: :::::::::: --------:~ TotaL ___ ------ ________ --_-------__ 240, 453 96, 011 28, 300 _ _ _ _ __ __ _ _ 364,769

====== March 1933

Chicago Board of Trade _________________ _ Chica~o Open Board ____________________ _ Minneapolis ____________________________ _ Kansas City ____________________________ _ Duluth. ________________________________ _ Milwaukee .. ____________________________ _

247,285 146, 948 62,023 10 450,260 12,710 2, 345 44 ---------- ---------- 15,000 18, 723 6, 309 2, 734 ---------- ---------- 21, 1r.o 28,188 12, ~gg 4, 280 ---------- ---------- 45,407

3, 680 638 -------86" ---------- ---------- 4, 318 437 467 ---------- ---------- 090 St. J,ouis ________________________________ _ 340 132 ---------- ---------- ---------- 481 Portland ________________________________ _ 66 23 ---------- ---------- ---------- 80

Seattle. ____ --_-- ___ ------ __ ---- __ -__ -- __ _ 70 17 -------~-- ---------- -------~-- 81

~~tc~~~~;:,-_::::::::::::::::::::::::::::: - -----~ii- -------~8- :::::::::: :::::::::: :::::::::: --------37

TotaL----------------------------- 311,527 169,896 69, 167 ---------- 10 5.10, 000

AprH 1.?38

Chicago Board of Trade__________________ 18l,Rl0 702,143 422,314 3,356 ---------- 1,300,6~3 Chiea~o ORon Board_____________________ 5,2R8 2!i,209 703 2 ---------- 31,202 Minneapo is_____________________________ 2G,332 32,891 20,8fi!i ---------- ---------- 80,088 Kansas CitY----------------------------- 30,945 48.263 31,187 277 ---------- 110,672 Duluth---------------------------------- 4,184 5,449 182 ---------- -------·-- 9,815 Milwaukee ___________ ·------------------- 383 2, 007 790 11 ---------- 3,191 St. Louis_________________________________ 299 1,480 o ---------- --------·. 1,m Portland_________________________________ 273 182 253 ---------- ---------- 70~ Seattle.__________________________________ 324 142 88 ---------- ---------- 55-1 New York _______________________________ ---------- ---------- ---------- ---------- ---------- ------···· Hutchinson______________________________ 23 13 24 ---------- ·--------- 60

TotaL_____________________________ 249,861 817,788 476,415 3,646 ---------- 1,547,710 ======

May 19.13

Chicago Board of Trade__________________ 17,866 633,512 552, 28R 72,979 Chicago Open Board_____________________ 7 30, 152 1, 727 18 MinncapoJi:;_ ---------------------------- J, 488 3R, 751 23, 441 53 Kansas City.---------------------------· 2, 017 40, 424 39,071 4, 393 Duluth__________________________________ 454 7, 700 l, 3RO ---------- ----------Milwaukee .... -------------------------- 30 1,609 1,317 103----------St. Louis--------------------------------- 38 1, 516 58 ---------- ---------· Portland ... ------------------------------ 2 122 430 ---------- ----------Seattle .••... ----------------------------- 51 266 374 21 ----------

1,27MI.I 31,90,1 n3,n3 Ofi, .505 9, 53-I 3, Q.ifl I, 012

5.\ol 712

~~tc~~~~n:::::::::::::::::::::::::::::: --------~- -------~i- -------37· :::::::::: :::::::::: -----···49

Total·----------------------------- 21,054 763, Ofi3 fJ20, 723 77,567 ---------~ June 19.13

B ~ f T d 1 'i2 405 Chicago oaru o ra e------------------ 12, 315 140,876 1, 070,701 348,573 • 033:973 Chicago Open Board_____________________ 20 3, 702 20,580 671 93, 404 Minneapolis.--------------------------- ___ ----- --- 22, 613 62, oor. 8, 746 142, 321 Kansas City----------------------------- 504 21,508 85,087 35, 222 !4, 104 Duluth.--------------------------------- ---------- 4, 955 7, 950 1,190 4.241 Milwaukee_______________________________ 15 690 2, 411 1,131 1, 43,1 H. Louis------------------------------------------- 698 713 24 472 Portland _________________________________ ---------- 76 238 158 1,o30

~~%:~~~~~==:::::::::::::::::::::::::::: :::::::::: ------~~~- ------~~:- ::::::~~~: :::::::::: =! ------- ----- ------- ------- '3 55l

TotaL_---------------------------- 12, 854 195, 297 1, 250, 156 396, 247 ------ ---· ~ ==== -----~

WHEAT FUTURES 17

TABLE 4.-Volume of trading in wheat future.~ at 11 markets, by months, futures, and markets, from Jan. 3, 1933, to Dec. 31, 1935-Continued


:Month, year, and market May future

July September December Other All future future future futures futures

----------------------------July IOB3

Chicago noard of Trade.................. 155,575 9, 999 852,745 G66, 616 l, 684,935 Chicogo OJ?en lloard..................... 126 I, 0g~ ~· ~gg 2~, ~g; ~~· ~~6 w~~~:;"t'W~~ ~===~::::::::::::::::::::::: '''ii;733' I, 152 76: 4o6 75:338 164: r,2v Duluth ..... ----------------------------- ---------- 1, 654 9, 577 3, 326 14,557 Milwaukee .. ---------------------------- 620 78 1, 7R8 1, 822 4, ~08 st. Louis ...... ----------------·-------------------- 17 725 189 931 Port.Jand ...... --------------------------- ---------- 115 307 336 7.58 Seattle ......... -------------------------- ---------- 131 252 565 948 Ne\V York--·----------------------------------------------------------------------------------------Hutchinson .............................. ---------- 3 2 24 ---------- 29

TotaL----------------------------- 168, 054 14, 259 1, 036, 960 780, 013 ---------- 2, 000, 186

Auuu.•t 1933

Chicago Board of Trade.................. 149, 212 115,604 381,999 646,815 Chicago Open Board..................... 677 5, 225 15,983 21,885 Minneapolis............................. 1, 746 24,839 44,273 70,858 KansasCity............................. 10,087 14,713 42,034 66,834 Duluth.--------------------------------- 16 3, 976 6, 444 10, 436 Milwaukee.----------------------------- 488 ---------- 240 451 1,179 St. Loui> ................................. ---------- ---------- 112 391 003 l'ortlnnd ................................. ---------- ........... 204 30i 511 Seattle ................................... ---------- ---------- 170 462 ---------- 632 New York ............................... --------•- .............................. ---------- ........ .. Hutchinson .............................. ---------- ---------- .......... 17 .......... 17

TotaL ............. ---------------- 1G2, 226 .......... 165.083 492,361 ---------- 819,670

September 193.5

Chicago Board of Trade.................. 263, 007 8, 564 380,085 661,556 Chicago Open Board..................... 1,886 5 24,254 26,145

~~~~\;; ;::;;\; ::; :?::: :~ :: :~~ : : ::::- __ 'l __ ·~~ :: :::::: ___ ~;:-~ TobL............................. 2U2,889 .......... 11,474 4n8,018 .......... 802,381

Oct obcr 1933

f,~icago Board of Trade.................. 436, 530 30, 430 365,791 832,751 M ICago Open Board.____________________ 4,171 56 21,840 26,067

~~~~::;;;;;:::;;:;::~:::::~::~:::: ---~·~- i_i_,~·~; ::::::-::_ --1 ::: :::::: --:~~ 406,200 32,087 ---------- 460,349 ---------- 083,636

==========:::::;;. November 1933

68761-37--2


TABLE' 4.-Volume of trading in wheat futures at 11 markets, by months, futures a.nd markets, from Jan. 3, 1933, to Dec. 31, 1935-Continued '




----------------1---- -----------------December 1933

Chicago Board of Trade__________________ 340, 734 00,810 16,252 447,700 Chicago Open Board_____________________ 17,144 968 17 18, 12\l Minneapolis_---------------------------- 24, 100 2, 610 1, 232 28,242 Kansas C'ity _ ---------------------------- 24,483 4, 296 1, 100 20, &<a Duluth __ -------------------------------- 2, 538 24 1, 020 3, 588 Milwaukee __ ---------------------------- 700 182 61 062 St. Louis.-------------------------------- 314 ---------- ---------- 1 315 Portland _____________ -------------------- 35 ---------- ---------- 85 120 Seattle___________________________________ 114 ---------- ---------- 182 ---------- 21J6 New York _______________________________ ------------------------------------------------------------Hutchinson______________________________ 14 1 ---------- 7 ---------- 22

TotaL_____________________________ 410,485 08,801 ---------- 19,972 ---------- 520,348 ====~=

Januarv 1934

Chicago Board of Trade _____ ._____________ 320,803 03,544 13,816 ---------- ---------- 437,163 Chicago Open Board_____________________ 15,078 1,163 4 ---------- ---------- 16,245 Minneapolis_____________________________ 25,548 5,009 241 -------------------- 30,708 Kansas CitY----------------------------- 25,640 4,626 13 -------------------- 30,270 Duluth__________________________________ 2, 568 127 ---------- ---------- ---------- 2,695 Milwaukee------------------------------- 744 315 24 ---------- ---------- 1,083 St. Louis_________________________________ 394 ---------- ---------- ---------- ---------- 394 Portland_________________________________ 27 1 ---------- ---------- ---------- 28 Seattle----------------------------------- 151 ---------- 4 ---------- ---------- !55 New York------------------------------- ---------- ---------- ---------- ---------- ---------- ---------Hutchinson______________________________ 20 2 ---------- ---------- ---------- 22

'l'otaL_____________________________ 300,973 104,787 14,102 ---------- ---------- 518,862

February 1934

Chicago Boarrl of Trade._________________ 218,903 78,343 23,386 45 ---------- 320,677 Chicago Open Board_____________________ 11,644 1,312 4 -------------------- 12,966 Minneapolis_____________________________ 16,906 5,174 189 ---------- ---------- 22,350 Kansas CitY----------------------------- 18,086 5,014 213 -------------------- 23,313 Duluth__________________________________ 1,040 173 10 -------------------- 2,123 Milwaukee------------------------------- 514 266 33 ---------- ---------- 813 St. Louis_________________________________ 154 7 ---------- ---------- ---------- 161 Portland.-------------------------------- 11 ---------- ---------- ---------- ---------- 11 Seattle .... ------------------------------- 115 ---------- 38 ---------- ---------- 153

~~rc~~~~ii~::::::::::::::::::::::::::::: -------12· :::::::::: :::::::::: :::::::::: :::::::::: --------12 ----------------------

•rotaL ----------------------------- 268, 375 90, 280 23,873 45 ---------- 382,582 =====

March 1934

Chicago Board of Trade__________________ 189,665 85,823 31,651 ---------- ----------Chicago Open Board_____________________ 10, 751 2, 032 36 ---------- ----------Minneapolis_____________________________ 16,197 8, :J49 802 ---------- ----------Kansas CitY----------------------------- 15,810 7,354 247 --------------------Duluth.--------------------------------- 2, 325 359 56 ---------- ----------Milwaukee------------------------------- 547 367 99 ---------- ----------St. Louis·-------------------------------- 158 1 ---------- ---------- ----------Portland_________________________________ 24 1 1 ---------- ----------Seattle___________________________________ 120 ---------- 14 ---------- ----------

307, !30 12,819 25, 348 23, 450

2, 740 1, 003

100 26

134

~~rc~~~~n~::::::::::::::::::::~:::::::: -------ii- :::::::::: :::::::::: :::::::::: :::::::::: --------1i

Tota'------------------------------ 235,647 104,276 ~ :=== === --;2,829 ==== = Apri/1934

Chicago Board of Trade__________________ 164,058 244, 111 114,077 25 ----------Chicago Open Board_____________________ 2,389 8,447 103 --------------------Minneapolis _______________ -----_________ 19, 380 19, 905 4, 660 ------- ___ ----------Kansas CitY----------------------------- 19,717 23,461 4,005 --------------------Duluth__________________________________ 1, 620 1, 039 188 ----- _________ ------Milwaukee------------------------------- 330 640 201 ---------- ----------St. Louis.-------------------------------- 412 28 ---------- ---------- ----------Portland_________________________________ 312 14 104 ---------- ----------Seattle.__________________________________ 425 43 272 ---------- ----------

523,171 10,030 43,045 47,183 3, 756 1,071

4·10 52!1 740

~~fc~~;~n:::::::::::::::::::::::::::::: --------4- --------8- :::::::::: :::::::::: :::::::::: ~~ ---------------- 631,177

TotaL----------------------------- 209,556 298,406 123,700, 25 ---------- ===

WHEAT FUTURES 19

T !IBLE 4.-Volume of trading in wheat futures at 11 markets, by months, futures, and markets, from Jan. 3, 1933, to Dec. 31, 1935-Continued




----------------------------Mav 1034

Chicago Board of Trade.................. 26,249 541,670 323,336 516 ---------- 891,771 Chicago Open Board--------------------- 58 24,134 964 ---------- ---------- 25,156 Minneapolis ... -------------------------- 1, 473 32,762 21,462 ---------- ---------- 55, 61)7

~~~-~¥~-~~~~::::::::::::::::::::::::::::: a,~~~ 4~; ~i~ 17, Psg :::::::::: :::::::::: 6~; m ~~~~re~~::::::::::::::::::::::::::::::::: ------~~r 1~ ------;~r :::::::::: :::::::::: 6gg New York.---------------------------------------- ---------- ---------- ---------- ---------- ----------llutchinson.............................. 1 10 2 ---------- ---------- 13

TotaL ... ------------------------- 31,440 648,497 365,352 516 ---------- 1, 045,805

June 1931,

Chicago Board of Trade. _________________ ---------- 207,658 576,238 117,549 901,445 Chicago Open Board. ____________________ ---------- 8, 467 14,760 78 23,305 Minneapolis.---------------------------- ---------- 18, 085 40,084 81 58,250 Kansas City.-------·-------------------- ---------- 28,178 68,717 7, 802 94,697 Duluth .................................. ---------- 1, 497 2, 647 •• • ••• 4, 144 Milwaukee ............................... ---------- 410 1, 225 ---iss· ::.: ... ::: 1, 793 St. Louis ......... ---------------------------------- 7 3 ---------- ---------- 10 Portland ................................. ---------- 26 49 1 ---------- 76 Seatile ................................... ---------- 35 233 4 ---------- 272 New York .. _____________________________ ------------------------------------------------------------Hutchinson .............................. ---------- ---------- 6 ---------- ---------- 6

TotaL ............................ ---------- 264,363 693,962 125,673 ---------- 1, 083,998

Julv 1931,

Chicago Board of Trade .. ________________ 13,708 17,529 503, 218 387,265 921,720 KJ'icago Open Board.____________________ !~ 35 12,945 740 13,730

~~~::~~~~~~~~lll:t~~ll~~;~~lll~~ ~---~:·~~ ::::?:~; :::~:~: :::~]: -~~ ~:::~ :::~~ 14,779 22,552 605,950 446,079 ---------- 1, 089,360 ======

August 1931,

g~icago ~oard of Trade.................. 219, 108 188, 374 660,772 1, 068, 254 M]~~~~pofi:~ Board..................... 168 4, 569 12,052 16,789

~~~~~~~~=~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~: :11 ~q~~ ~u!t ~bu~~ ~~~~lrnd .. _______ :::::::::::::::::::::::: -------i2- :::::::::: 15~ ------iss· :::::::::: 32~

~~fct~~~~:::::::::::::::::::::::::::::: -------~~- :::::::::: ------~~~- ------~~- :::::::::: -------~;: Total_------------------·---------- -25-2-,-8-82- -__ -_-_-__ -_-__ -_ -24-7-,-4-66- -7-7-2,-24-3- -__ -_-_-__ -_-__ -_ 1,-27-2-,-59-1

====== September 1031,

C'hicago Board of Trad £h1Cago Open Board e.................. 188, ~n 190 19, og~ 29~, ~~i 50~, m i~r!ii~~~~=: =::::::::================== ~~: g~~ 127 ~: m ~~: ~~~ :~: ~~~ Miiwauk~e------------------------------- 112 614 1, 510 ---------- 2, 236

~:~;]0 ~-~-~-~:~-~-::-m:m-:m :: __ :::~: m-_-m= :::::~ __ ::::~:: m-:m~- :::::'~~ Total ------------------------

~~---------------------------- 220,928 317 25,560 358,194 ---------- 604, G99 ======


TABLE 4.-Volume of trading in wheat futures at 11 mar Teets).. by months, futures and markets, from Jan. 3, 1933, to Dec. 31, 1935-vontinued '


Month, year, and mark'et May future


--------------- ---- ---- -------------October 1 O!JJ,

Chicago Board of Trade ____________ ------ 327,953 38,480 ---------- 285, 436 661,878 Chicago Open Board--------------------- 4,849 117 ---------- 7,481 12,447 Minneapolis----------------------------- 16,113 ---------- ---------- 22,389 :JH,602 Kansas CitY----------------------------- 22,865 3,350 ---------- 26,108 62,323

~~~,!i!!!!i~i!!i~!_!i~!!!!~-i!!i!! :::: :~~: :~:-:~~~ :-~--~-~-~ :_::'l-~~i:~---_ ::::~~ '!'otaL _ ---------------------------- 372,866 42, 218 ---------- 343, 011 -------- __ 75H, 005

====== November 1934

Chicago Board of Trade ____________ ------ 335, 018 74,005 105, 106 615,1JO Chicago Open Board_____________________ U, 214 604 398 10,216 Minneapolis_____________________________ 19,240 444 13,147 32,831 Kansas City __ --------------------------- 27,836 7, 518 17,363 62,717 Duluth---------------------------------- 620 14 716 1,360 Milwaukee------------------------------- 749 202 ---------- 175 ---------- 1,216 St. J,ouis _________________________________ ---------- ---------- ---------- ---------- ---------- ----------Portl•nd_________________________________ 158 ---------- ---------- 180 ---------- 331! Seattle___________________________________ 281 ---------- ---------- 222 ---------- 503 New York_------------------------------ ---------- ---------- ---------- ---------- ---------- ----------Hutchinson .. ---------------------------- 26 ---------- ---------- 7 ---------- 33

TotaL __ --------------------------- 304, 042 82,067 ---------- 137 314 ---------- 6J4,3Zl

December 1 OS!,

Chicago Board of Trade__________________ 3W,123 82,848 28,802 401,773 Chicago Open Boar<L___________________ 7, 383 512 77 7,072 Minneapolis. __ -------------------------- 22, 115 2, 161 2, 600 211,882 Kansas City __ --------------------------- 30,242 8, 890 4, 328 4:1,400 Duluth. __ ------------------------------- 5611 05 186 817 Milwnukee_______________________________ 617 215 105 037 St. Lonis. ________________________________ ---------- 5 __ ---- 6 Portland ... ------------------------------- 10 1 ---------- -- ----8- ::::::____ 19 , Se~ttle___________________________________ 141 1 ---------- 40 ---------- 111!1

ii~'fc~~~~ii~~~~~~~~~~~~~~~~~~=~~~~~~~~~:: -------32- :::::::::: :::::::::: --------8- :::::::::: --------io ------------------

TotaL_____________________________ 411,220 94,728 ---------· 36,106 ---------- M2,123 ====- --

January 1986

Chicai!O Board of Trade------------------ 209,418 94,564 13,296 16 Chicago Open Board_____________________ U, 152 1, 146 25 ---------- ----------Minneapolis. __ -------------------------- 26, 129 3, 263 120 ---------- ----------Kan~as CitY----------------------------- 26,769 0, 501 36 ---------- ----------Duluth__________________________________ 366 236 1 ---------- ----------Milwaukee_______________________________ 477 225 54 ---------- ----------St. Louis_________________________________ 106 38 ---------- ---------- ----------Portland_________________________________ 16 2 ---------- ---------- ----------Seatue___________________________________ 53 18 ---------- ---------- ----------

407, 21H 10,3~1 23,L21 3B,306

mm 706 144

18 71

ii~'fc~~~~ii~::~~=~~==~~:::~~~~~=~:::::::: -------25- :::::::::: :::::::::: :::::::::: :::::::::: --------ih TotaL---------------------------- 300,511 -108,903 ~===--"li!~ === ·==---

February 1M6

Chicago Doard of Trade ________ ---------- 153, 641 64,074 15, 164 ---------- ---------Chicago Onen Board--------------------· 5,107 1, 096 86 ---------- ----------

w~~~:.:'T()jf;:~~~~~~=~=~=~~===~~~=~::::::: n: ~~g g: ~~ ~~! :::::::::: :::::::::: Duluth---------------------------------- 213 104 1m ---------- ----------MIIwnukee_______________________________ 281 174 103 ---------- ----------St.I,ouis__________________________________ 55 14 ---------- ---------- ----------Portland_________________________________ 13 ---------- ---------- ---------- ----------BeattJo___________________________________ 116 15 ---------- ---------- ----------

233,710 6,349

H,03Z 24,100

418 558

60 13

131

ii~tc~~~~ii:::~=~~=~=~~=~~~==~~~=~~~:~:~: -------i7- --------2- :::::::::: :::::::::: :::::::::: ~ ----------------- 0137

TotaL----------------------------- 187,929 76,216 15,902 ---------- ----------~ ====-

WHEAT FUTURES 21

TJiDLJ~ 4.-Volume of trading in wheat futures at 11 markets, by months, futures, and markets, from Jan. 3, 1933, to Dec. 31, 1935-Continued

[In thousands of bushels, I. e., 000 omitted)


July September December Other future future future futures

All futures

-----------1--- ---------------March !036

(;hicago Board of Trade.................. 218,187 107,069 36,041 •••••••••. ...••••••• 302,707 Chicago Open Board..................... 7, 577 I, 766 303 ---------- ---------- 0, 646 Mwncapolls............................. 17,265 4, 954 805 .••••••••. ---------- 23,024 Kansas GHY----------------------------- 26,120 14,380 I, 279 ••••...••• -----····- 35,788 lJuluth.................................. 318 154 24 ---------- ---------- 406 Milwaukee .. ----------------------------- 347 228 104 ----·--··· ---------- 679 lit. JJouis ... -------------------·---------- 31 7 .•••••••.• ---·------ .•.••..••• 38 Portland................................. 6 10 1 ...••..••• ---------- 17 SeaLtle .... -------------··---------------- 96 16 13 ---------- ---------- 125

fr~'~c~~~~r,:: ~~~~ ~ ~ ~~ ~~ ~~~~~~ ~~~~~~:: ~::: -· ·----2ii" · · ·· ···· 2· :~ :::::::: :::::::::: :::::::::: · ·· -----28 TotaL.--------------------------- 263,973 129, 195 39,470 ---------- ---------- 432,638

====== April/OM

Chicago Board of Trade.................. 177, 072 307,620 119,669 .•••.•.••. --------·· 604,370 Chicago Open Board..................... 2,111 8, 329 239 -------··· .......... 10,679 Minneapolis............................. 19,437 19,401 7, 980 ---------- ...••...•• 46,818 Kansas CitY--------------·-·------------ 20,636 36,808 10,921 ---------· •..•.••.•• 08,365 Duluth.................................. 302 393 126 ----·--·-- ·--·--·--- 911 Milwaukee............................... 264 S53 339 -·-------· -----····· 1, 1.56 At. Louis------------------------------··- 32 106 13 ---·------ ...•.••••• 151 Portland_________________________________ 165 14 77 ---------- ----··---- 256 Seattle___________________________________ 385 52 242 ---------- -----·-··- 679 New York _______________________________ ---------- ---------- --------·- ..•.•••.•..•••.•.•.. -----··---Hutchinson.............................. 33 7 ------·-·- ..•••.••.. ---------- 40

'l'otaL............................ 226,527 373,292 139,006 ••••.•.••. ••••.....• 733,425 ======

Mav 1036

Chicago Board of Trade.................. 39,180 311,494 161,282 16,660 ••••••.••• 528,616 ~hicago ORen Board..................... 25 9, 983 527 2 •••••••.•• 10,537

~1lJjl~il~::;;;l:;::;;~;;;;;t[;~ ---1- -l~] __ ] ::~::~~~ ;;;~l;;;;; ___ ] ------------------------

'l'otaL............................. 47,114 ~70,846 !D3, 772 17,264 ------···· 637,906

June 1986 ======

gg:cago Board of Trade ..••••..••.•..•••. --··-···-- 173,2.30 268, 162 100, 136 130 041,667 Mi cugo Open Board............................... 4,227 5,017 174 9,418

~y~£~~~~!:~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~ ~~: ~i! ~~:iii ~: ~:~ 8 ~~: ~~ Portlrmd·-------------··----·-----·------ ····-·---- ~ ~ ·-·-----3- :::::::::: ~~

IT~~:~~i~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~ -------:~- ------~~:- :::::::~: :::::::::: -------~~: TotaL--- .• __ •.••.•••••• _ •.•••••••• -__ -__ -_-__ -_-__ -21-6-, 3-38- --3-30-, -08-2 -10-o-, 1-0-7 ---~~-8- --R5_1_, 7-5-5

Julv 1936 ====== r,hlcago Board of Tmd Chicago Open Board e.................. 9, 492 33,452 577,188 321,504 941,726 Minneapolis --·-·--·············- 4 4, 8gg 1~: gg~ 1~' 1~ ~~: m

~~J\ ;;;~;~;l;; ;~ ;; ~; ::; ~;;;; ;; ii :::::: '} ---'~ 1!- ---.. !!! -::: ~1 : ~:=: ~ ~"~ ---'~ ~ TotaL •••••••••••••••••••••••••••• ~ --s7.220 724,206 366,046 ---1-3 1,157, 5QS

=====


TABLE 4.-Volume of trading in wheat futures at 11 markets, by months, futures and markets, from Jan. 3, 1933, to Dec. 31, 1935-Continued .,

[In thousands of bushels, i. e., 000 omitted]


July Septembar December Other future future future futures

All lturcs

----------------1---- ---- ---- ---------Auyust 1986

Chicngo Board of Trade------------------ 114,738 244,483 390,908 750,121) Chicugo Open Board.____________________ 255 4, 089 7, 685 12,0211 Minneapolis----------------------------- 8, 498 33,164 31,238 72,900 Kansas CitY----------------------------- 8,722 ---------- 36,078 32,511 ------ 77,311 Duluth __________________________________ -------------------- 1,154 I, 730 i47- 3,031 Milwaukee_______________________________ 206 ---------- 400 821 1,427 St. Louis----------------------------------------------------- 20 ---------- ---------- 20 Portland_________________________________ 54 ---------- 74 17 ---------- 145

~:tt1*ork"~ ~=:::::: :::::::::::::::::::::: ________ ~- :::::::::: _______ ~: _______ ~~~ _ :::::::::: -------~~~ Hutchinson .. ---------------------------- 3 ---------- 25 37 ---------- 05

TotaL----------------------------- 132,482 ---------- 319,584 465,069 147 917,282 ======

September 1936

Chicago Board of Trade__________________ 281,828 30 34,490 429,704 740,052 Chicago Open Board_____________________ 1, 406 118 9, 831 11,355 Minneapolis.---------------------------- 15,723 5, 800 47,319 08,842 Kansas CitY----------------------------- 18,680 6, 495 42,003 07,178 Duluth._-------------------------------- 11 478 5, 600 100 0,189 Milwaukee.·----------------------------- 591 ---------- 03 422 1,076 St. Louis--------------------------------- ---------- ---------- 24 ---------- ---------- 24 Portland·-------------------------------- 28 ---------- 17 53 ---------- DO Seattle·---------------------------------- 47 ---------- 171 415 ---------- 033 New York_------------------------------ ---------- ---------- ---------- ---------- ---------- ----------Hutchinson______________________________ 7 ---------- 2 77 ---------- 86

TotaL_---- _________ .---- _______ .__ 318, 319 30 47, 658 535, 124 100 901,531

October 1936

Chicago Board of Trade __________________ 424,42~ 39,046 459,508 922,980 Chicago Open Board.____________________ 2, 922 80 11,387 14,380 Minneapolis_____________________________ 22,397 I, 532 41,543 65,472 Kansas City __ --------------------------- 28, 728 2, 560 33,508 64,796 Duluth__________________________________ 872 -------------------- 4,513 22 5,407 Milwaukee------------------------------- 705 193 ---------- 329 ---------- 1,227 St. Louis---------------------------------------------------------------------------------------------Portland ....• ---------------------------- 65 ---------- ---------- 65 ---------- 130 Seattle·---------------------------------- 93 ---------- ---------- 283 ---------- 326

if~'tc~~~~n::: ::::::::::::::::::::::::::: -------22- :::::::::: :::::::::: ------ ·27· :::::::::: -------·49 ---------------------

TotaL _____________________________ 480,230 43,411---------- 551,113 22 1,074,776

===== November 193fi

Chicago Board of Trade__________________ 342,695 50,309 134,277 20 Chicago Open Board.____________________ 9, 517 488 I, 335 Minneapolis.--------------------------·- 22,.521 1, 297 18,051 Kansas City __ --------------------------- 24, 207 2, 751 14, 701 Duluth._________________________________ I, 307 __ ____ _ ___ __ __ __ ____ 1, 801 Milwaukee_______________________________ 736 238 ---------- 87 ----------St. Louis ...•• ---------------------------- 108 10 ---------- ---------- ----------Portland .•... ---------------------------- 18 ---------- ---------- 27 ----------Seattle •.•.... ---------------------------- 185 ---------- ---------- 210 ----------

627,301 ll, 310 41,860 4!,069 3, lOS 1,001

118 45

305

if~tc~~~n:::::::::::::::::::::::::::::: -------iii-:::::::::::::::::::: -------22· :::::::::: ~ TotaL----------------------------- 401,325 55,093 ---------- 170,511 20 ~

==== =-December 1935

Chicago Board of Trade__________________ 353,491 91, 549 119 50,861 Chicago Open Board_____________________ 9, 802 948 101 Minneapolis----------------------------- 19,886 2,130 2, 415 Kansas City __ -----------------------____ 25, 656 3, 775 5, 127 Dulnth---------------------------------- I, 597 4 417 Milwaukee_______________________________ 927 282 52

St. Louis--------------------------------- 262 11 ---------- ---------- ----------Portland_________________________________ 34 ---------- --·------- 18 ----------Seattle___________________________________ 82 ---------- ---------- 106 ----------

496, ozo 10,851 24,431 34,558

2,018 1 261 '273

52 188

if~tc~~~~ii:::::::::::::::::::::::::::::: -------i4- :::::::::: :::::::::: --------;;- :::::::::: ~ TotaL----------------------------- 411,751 ~ __ 1_1_9 ~== 560. 673

--------------------~--------~----------~

WHEAT FUTURES 23

TABLE 5.-Volume of trading in the principal wheat futures on the Chicago Board of Trade, during the life of the futures which expired during the period Jan. 3, 1921, to Dec. 31, 1.935

[In thousand bushels; I. e., 000 omitted]

Y car life of future ended March May July future September December future future future future

!92L .. ------------------------------- ---- rl (1) 2, 220,351 1, 499,096 2, 324,822

1922--------------------------------------- 6, 075,842 2, 695,392 1, 383,9.57 I, 720,916 1923--------------------------------------- 2) 3, 704,517 2, 470,696 I, 550, 345 I, 746,958 1924--------------------------------------- ') 2, 037, 720 914,407 1, 838,308 2, 862,926 1025--------------------------------------- (:l 7, 733,848 3, 173, 397 2, 966,221 3, 392,829 1926--------------------------------------- 7, 495,083 3, 235, 225 I, 957, 725 2, 602,906 1927--------------------------------------- (') 3, 845,526 I, 969,061 I, 897,730 2, 250,261 1928--------------------- ------------------ 328,045 I, 921, 480 2, 413,383 I, 924,704 2, 215. 679 1929.-------------------------------------- 212, 125 3, 176, 459 2, 203,790 2, 678,200 4, 910 162 1930 _____ -- ---------------------- "----- ---- 381, 647 5, 534,843 2, 747, 105 2, 391,699 3, 170,739 1931__ ___ -- -------------------------------- 261,617 I, 561,456 1, 638, 851 1, 324, 414 I, 205, 746 1032------------------- -------------------- 51,832 4, 046,177 2, 034,226 1, 251,915 2, 146,611 1933.. ... ---------------------------------- (') 2, 000,349 1, 993,492 3, 125, 618 2, 362,099 1934.----- -------------------------------- (') 2, 847,799 I, 455,908 1, 793, 104 1, 878, 248 1935 _______ -------------------------------- (') 2, 322,665 1, 288, 643 I, 470, 675 1, 903, 648

Average ____ ------------------------ 247,053 3, 878,840 2, 163, 595 1, 936,914 2, 446,303

1 Complete figures not available. 'No trading in March wheat as a principal future from Apr. 1, 1921, to July 31, 1927, nor after Mar. 31,

1m. ·

TABLE 6.-Monthly volume of trading during the life of the principal wheat futures on the Chicago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935

[In thousand bushels; i. e., 000 omitted]

Year and month

1933 January ____________________________ ------

~l~{ci~_r_~::::: ::::::::::::::::::::::::::::

~~~ !!~~~ :::l I;:~~::::;:~l\ill

May future

315, 682 188, 686 247,285 181,810 17,866 12, 315

155, 575 149, 212 263,907 436,530 559, 948 340,734

99,318 76,604

146,948 702, 143 633, 512 140,876

9, 999

30,430 65, 990 90,810

18, 182 23, 187 62,023

422,314 552, 2S8

1, 070,701 852, 745 115,604

8, 564

3,356 72,979

348,573 666,616 381, 999 389,085 365,791 117,448 16,252

January 1934 329,803 93,544 13,816

II: i~llll~ililllillllilllllllllll····ill· ····~I· ::::~:1, .... il Januar 1935

li~iiiiil~~ilil;~ill~lll~i\lllll····li· ····fl· ::::il: =~:~~~~

433, 182 288,477 456,256

l, 309,623 1, 276,645 1, 572, 465 l, 684,935

646,815 661, 556 832,751 743,386 447,796

437, 163 320,677 307, 139 523, 171 891, 771 901, 445 921, 720

1, 068, 254 500,287 651,878 515, 119 461, 773

407,278 233,779 362,797 604,370 528,616 541,537 941, 726 750, 129 746,052 922,980 527,281 496,020


TABLE 7.-Monthly round-lot and job-lot trading in all wheat futures combined on the Chicago Board of Trade from Jan. 2 to Dec. 31, 1935


Total volume of

trading

Volume of trading in- Percent of total trading Month

Round lots Job lots Round lots Job lots

1935 January _________________________________ _ February. _______ . ____ ... _._ ... ___________ _ March .... ____ •.. _. __ ...• _ •. _._ .. _____ •... ApriL .....•.. _ ..... ---- .•.... ------------May ___ ... _. __ •. ______ .. _._._ ............ . June .......... ----------------------------July ...... _____ . __ .... ___ ._. __ ...... __ ... . A ugusL .. ____ ---------------- __ ----------September ____ . ____ ..... _ ... ___ .......... . October ____________ ..... __ .. __ .......... __ November ______ ._ ...... _._ ••. ___________ _ December ___ . __ ........ _._ ••. ____ ....• _ ..

407, 294 2S3, 770 362, 797 804,370 528,018 541, 087 941,726 750, 129 746, 052 922,980 527, SO! 496, 020

362, 275 206, 018 319,720 537, 596 470, 4S2 489,465 848, 212 872,736 072,744 838,707 479,288 451, 196

4.5, 019 27, 701 43,077 66,774 58, 184 52,202 95,514 77,393 73, 308 84,213 48, 013 44,824

88.95 88. 13 88. 13 88.95 88.99 90.36 89.86 89.68 90. 17 90.88 90.89 90.96

11.05 11.87 11.87 11.05 11.01 9.64

10.14 10.32

0. 83 9.12 9.11 9.94

TABLE 8.-The annual maximum and mtmmum open commitments in all wheat futures combined on the Chicago Board of Trade with the respective dates, from July 9, 1923, to Dec. 31, 1.935

[In thousand bushels; i.e., 000 omitted]

Maxi- Mini- Maxi- Mini-mum mum mum mum

Calendar open open Calendar open open commit- Date commit- Date commit- Date commit- Date year ments ments year ments ments for the for the for the for the year year year year

----------- ----------19231 ______ 104,861 Aug. 20 70,731 July 9 1930 •.•..••. 206,004 Jan. 28 104,820 July 10 1924 ________ 134, 164 Nov. 28 60,720 May 24 1931.. •..••• 144, 694 Jan. 2 70,437 May 211

1925 •.. ----- 128,7.56 Mar. 5 82,762 May 7 1932 ________ 174, 752 Oct. 4 101,409 July I 1926 ........ 116, 135 Jan. 21 73,286 May 29 1933 ________ 199,711 July 19 122, 550 Mar. 23 1927 ________ 97,167 Nov. 10 64,409 May 2 1934. _______ 165,864 Aug. 9 88, 609 May 10 1928 .....•.. 133,232 Nov. 20 74,978 Jan. 4 1935. _______ 130,883 Nov. 6 68, 181 July 10 1929 ........ 248,204 Oct. 16 109,839 Jan. 22

1 No figures available prior to July 9, 1023.

TABLE 9.-Average daily volume of trading and maximum and minimum open commitments in all wheat futures combined on the Chicago Board of Trade, by months, Jan. 3, 1921, to Dec. 31, 1935 t

Year and month Average

daily volume of trading

[In thousand bushels; I.e., 000 omitted]

Maximum open

commitments

Minimum open

commitments

Year and month Average daily vol

ume of trading

Maximum open

commitments

Mini· mum open

coDJII)lt· roents

------- ---- ---- ---- J---------1------1921 1022

January------------ 33, 536 ~~-------- --------- January------------ 31, 972 ...........

February----------- 37,768 ---------- --------- February---- ••..••• 60, 109 March .... --------- 34, 504 ---------- --------- March. ____ -------- 54,708 ApriL .•..•••.••••.• 45,993 ---------- --------- ApriL--- ..••...••.. 43,373 -----···· May ... _________ .•. 40,063 ---------- --------- May ___ ---------- __ 33,225 ---···· June. __ .. ---------- 44,090 ---------- --------- June ..... ---------- 37,386 -······ July _____ ----- ___ • __ 39,084 ---------- --------- July _______ •• _______ 30,276 August. _________ • __ 33,584 ---------- --------- August. __ .• _ ••••• __ 31, 509 ------··· September_ •••. ____ 48,730 ---------- --------- September. ....•••• 27,979 ------··· October ..• --------- 46,292 ---------- --------- October._---------- 26,702 November ••..• ---- 46,248 ---------- --------- November. •• __ ---- 31,428 ------··' December-------- •• 37, 054 ---------- --------- December-------- __ 35,977

WHEAT FUTURES 25

TABLE 9.-Average daily volume of trading and maximum and minimum open commitments in all wheat futures combined on the Chicago Board of Trade, by months, Jan. 3, 1921, to Dec. 31, 1936-Continued

[In thousand bushels: i.e., 000 omitted)

Average Maxi· Mini-mum mum

Year and month dailyvol- open open Year and month ume ot trading commit- commit-

ments ments

-------- ----1923 1928

January ...•...••..• 31,575 ---------- --------- January ...........• February ...... --- .• 32,524 ---------- --------- February ........•.. MarciL .....•...•.• 24,265 ---------- --------- March ............. ApriL .........••.. 41, 115 ---------- --------- ApriL .............• May .....•....•.... 35, 588 ---------- --------- May ............... June .... ----------· 34, 916 ---------- --------- June ............... JulY--------------- 27,733 95,381 70,731 July ................ August. ...•.....•.. 25,731 104,861 91, 701 August. ............ September. ....•... 23,113 100,020 89,603 September ••..•.•.. October .....•...... 25,297 94,210 84,697 October __ ....••.•.. November ......•.. 22,154 102,712 92,646 November .....•.... December.--------- 17,635 98,692 91,147 December .••...••..

1924 1929

January------------ 11, 867 98, 263 95, 234 January ..••....•... February ........... 15, 135 107, 563 96,857 February ........... March ............. 19,446 108, 152 92,743 March .....•........ ApriL .....•.•...... 14,597 93.974 74,602 ApriL .•....•....... May ............•.. 12,263 70,384 60,720 May .•...••.•.•.... June.-------------- 29,381 82,057 61,949 June ....••••.•...... July ................ 47, 361 98, 453 78,218 July----------------August.. ........... 43, 604 125, 046 99,465 August. .....•••.... Rep tern her. ........ 35,657 109,677 103,928 September .......... October __ .......... 52,019 116,672 104, 649 October ............ November .......... 50,839 134. 164 109, 371 November .......... December .........• 51,350 133; 207 115,784 December ..........

1925 1930

January ...........• 65, 410 123, 993 112, 146 January ............ ~'cbruary ..•........ 71,890 122,009 109, 781 February ........... March ............. 78,919 128, 756 96, 660 March ..............

~;;:::=: 52,475 99, 974 83,384 ApriL •..•.......... 53,891 96, 987 82,762 May ...•........... 60,649 109, 413 93,179 June ....•........... 48,902 96, 067 84,395 July ..•..•••........ 51,704 102,925 86,895 August. ............

eptember •..•..... 48,734 107,577 98, 102 September ••••.....• ~~~~~rbor·········· 50, 696 117,505 101,365 October .•..........

December-------~~:::: 54,813 121,037 106, 934 November ..•.....•. 79, 343 115, 913 104, 125 December_ .....•...

1026 1931

~-~~~~;;;------------ 53,408 116, 135 105, 431 January ..•.•.......

~r,·::::: 51,138 111,110 104, 507 February ........•.. 01,007 102,540 86,413 March ....••........ 48,358 100, 625 91,809 ApriL .......•..... 43, 112 92,422 73,286 May ............... 40, 388 89,000 76,147 June .......•........

August ····•·•·· 49,461 88,998 82,172 July ....•........... Scptmnl:ior·-------- 39,024 106,889 85,804 August ...........•• October ·······•• 37, 710 106, 111 96,225 September ........•. Nov em be~--~---~~-~ 30,051 104, 345 96,017 October ..........•. December.-.·.·-~::::: 44, 190 115, 265 102,738 November .•...••...

31,528 99, 510 89,313 December .....•••.• 1027

1932

i,~~~~rY ...•.•••.••. 23,940 93,955 87,248 January ............ M:arcl~ry ····- ·-- • ·· 22,429 89,148 86,020 February .•.........

~~l~;H;;;;;;;;; 29, 197 90, 639 81, 153 March ......•.....•. 28,493 84,362 69,165 ApriL ••••..•.....•• 43,779 72,601 64,409 May ...•....••..••. 38,505 77,008 09.907 June .•.• -----------34,520 84, 055 72,513 July .••.••....•..••.

Septernber .. · · · ·--- · 35,490 87,248 75,986 August ....••.••.... October ···------ 27,070 85, 537 73,870 September •.••••.•. Novemti · ···------- 28,897 94,390 84, 356 October ...•••••.... December .•..•.•••. 26,534 97, 167 83,744 November ...•.•. , .. er __________

16, 788 78,960 73,768 December •••••..... l

Open commitment figures prior to July 9, 1923, not available.

Average Maxi-mum dailyvol- open umeo!

trading commit-ments

--------

11, 943 85,325 17,705 Sll, 512 28,663 94,906 56, 419 121,502 48, 7!0 120, 993 30, 259 98, 760 33, 192 102,094 34, 038 119, 886 2G, 179 119,980 27,497 129,056 23, 607 133, 2:J2 17,381 129,451

34,969 129, 591 33,790 141,781 36,211 151,033 42,544 155, 199 40,008 134,021 46,050 139,772 93.543 210,263 70,215 225. 257 48,217 243, 337 56,437 248,294 62,520 220, 729 55,039 189, 627

44,292 206,004 58,002 201. 3"b8 39, 539 177,510 50, 362 169,469 33,073 133, 187 47, 135 128,245 45, 179 128,294 50,568 146, 658 40,473 173,194 37, 193 185,285 40, 354 188, 527 16, 102 157, 670

11,114 144,694 14,561 134, 881 14,060 131, 222 22,352 129,400 21,383 106,001 23, 581 80,692 20,904 90, 435 19, 288 100, 436 16, 880 96,613 29,966 121, 131 55,288 133,912 29,719 122,843

23, 091 115,958 29,068 125, 606 28,231 131, 254 37,318 125. 856 26.771 113,823 27,349 115,082 20,098 121, 761 37, 713 157, 545 27, 732 171,749 23, 162 174,752 25, 341 157, 191 15, 407 138, 933

Mini-mum open

commit-ments

---

74,978 84,919 84,576 97, 294 93,240 87,159 82, 738

102,459 110, 229 111,214 124, 387 126, 732

109,839 116, 311 137, 812 133,057 122, 631 123,907 142,411 210,300 212,080 220,595 186, 978 180, 854

182, 995 177,903 167, 799 140, 323 124,929 105,171 104,820 127, 471 142,677 166, 579 160, 542 144,692

132, 143 130,804 127, 116 114, 790

70, 437 71,508 82, 141 87,353 93,328 93,849

120, 902 114, 941

112,41 112,07 124,22 114,05 109, 13 105,77 101,40 121,44 155,87 154,60

9 6 0 0 2 3 9 0 0 0

138, 517 133, 35 2


TABLE 9.-Average daily volume of trading and maxim,um and minimum opRn commitments in all wheat futures combined 0'!"' the Chicago Board of TradR, by months, .Jan, 3, 1921, to Dee. 31, 1.935-Contmued

[In thousands bushels: !,e., 000 omitted]

Average Maxi· Mini-

dally vol- mum mum Year and month umeof open open Year and month

trading commit- commit-menta menta

----1033 1035

January.----·-----· 17,328 135,175 131, 050 January------------February-----·----- 13, 113 133, 240 120,402 February-----------March ______________ 26,830 130, 168 122, 550

Marcb ______________

ApriL •.....•..••.• 64,568 153, 027 120,058 i[;rll... ••••••••.... May ________________ 40,102 152,017 143,000 UY---------------June ________________ 60,470 107,000 151,292 June _______________ July ________________ 70,206 109, 711 162,440 July ________________

August. ___ .-------_ 23, 056 160,410 140,858 August.------------September .. ------- 27,505 157,613 149.272 September __________ October __ ---------- 3:J, a1o 150,001 136, 487 October._----------November __________ 30,074 144,446 135, 500 November----------December---------- 18,658 138,884 133, 203 December----------

1031 1021-35

January------------ 10,814 136, 048 127,508 July 0, 1923-Dec. February----------- 14,570 134, 121 125, 042 31, 1935 I __________ March ______________ 11,813 125, 557 115,710 ApriL ______________ 20. [)27 116,082 05, 835 May _______________ 34, 29U 05, 054 88,600 June __________ ------ 34, 071 116, 007 03,830 July ________________ an, 809 158,274 117,741 August. ____________ 30, 605 105,804 1.17, 805 September---------- 20,845 150, aoo 140, 675 October ______ ------ 25,072 144. 042 133, 240 November ..• _______ 22, 390 134, 011 127, 571 December---------- 18,471 128,000 119, 21J8

' Open commitment llgures prior to July 0, 1023, not available, ' Oct, 16, 1020. a May 24, HJ24.

Average Maxi- Mimi-dally vol- mum rnum

umeof open opon trading commit· commit·

moots rnonts -----------

15,665 119,231 106,21.0 10,026 104,424 06,212 13,054 06, 436 84,14,5 25,182 85, 203 73,034 20, 331 74,248 60,276 21,667 77, 110 71,186 36, 220 80,001 08,181 27,783 108,017 00,314 31,086 117, 105 106,422 36,400 120, 468 116, OIJl 21,071 130,883 126,091 10,841 125,700 110,383

35, 331 (1) (1)

---------- ' 248,294 '60, 720

I

TABLE 10.-Average daily vol-ume of trading and maximum and minimnm open cornmitrnenl.3 dnring the life of the May wheat futures on the Chicago Board of Trade, by months, A•t(J. 2, 1.93.'13, to Dec. 31, 1935

Year and Average

daily month volume

ol trading

----1032

August. _______ 4, 608 September ..•.. li, 788 October ....••.• 7, 844 November _____ 12,126 December _____ 10,577

1033

June •..•••••••• 1, 530 July ___________ 6, 482 August.------- 6,526 September----- 10,006 October ________ 17,401 November _____ 23,331 December .••.. 14,107

[Iu thousand bushels; J. e,, 000 omitted]

1033 MAY FU'l'URE

Maximum Minimum Average Year and daily open com- open com· month volume mitments rnltments of trading

-------1033

36, 640 826 January _______ 12,627 58, 124 37,047 ~'ebruary ..••• 8,577 72,020 50, 21JO March ________ 14,546 07,001 n, uo3 ~>riL ________ 7,575

102,608 08, 474 llY---------- 687

1034 MAY FU'l'URE

1034

4, 700 225 January ..•••.• 12,085 30,007 5, 500 February_ •• __ 0, 050 60,026 30,724 March ••...••. 7, 20/j 70,880 61,480 ~JriL •.•.•.•• 6, 508 75,748 00,628

ny __________ 1, 010

111,432 74, 233 115, 7Jfj 108, 800

Maximum Minimum open com-mltments

0pen com· roltmants -

08,803 02,678 02, 404 76,,\23

70, 343 [,4,005

63,404 [1),46: 0, 537 -

-108,720 oo,m

87,435 102,047 64.005 80,704 12,04: 61, 630

11, 505

WHEAT FUTURES 27 'fAJJJ,E 10.-Average daily volume of trading and maximum and minimum open

commitments during the life of the May wheat futures on the Chicago Board of 'l.•rarle, by months, Aug. 2, 1982, to Dec. 81, 1986-0ontinued

Average Year and dally

month volume oftrac:,ltng

1U:J4

July ........... 1, 240 August ........ 8, 115 September.. ... 7, 848 October ........ 12,614 November _____ 14,605 December _____ 14,005

1035

July ........... 791 AugusL _ ------ 4, 250 HHptomher _____ 11,743


1U35 MAY FUTURE

Maximum Minimum Average Year and daily open com- open com- month volume mitments mitments ol trading

1935

7, 500 5 January ....... 11, 516 49,162 0, 799 February ..... 6,084 73,000 50,254 March ........ 8,392 78,902 70, 813 ~r1L. ....... 7, 378 UU, 183 80, 05U ay .......... 1, 507

105, 698 90, 327

1036 MAY FUTURE

1035-Contd.

3, 424 5 October ....... 16, 324 32, 000 3, 004 November .... 14,279 65,876 34,264 December ..... 14,140

Maximum open com· mitments

98, 533 80,882 68,749 52,450 11, 310

81, 397 89,554 00,507

Minimum open com-mltments

81,560 60, 123 52, 511 17,470

1

64,98 4 0 0

81,45 87,62

TABLE 11.-Average daily volume of trading and maximum and minimum open commitments during the life of the .July wheat futures on the Chicago Board of 'f'rarle, by months, Sept. 6, 1932, to Dec. 31, 1.935

Year and Average

daily month volume

of trading

1U:J2

Septorn her ..... 9 OcLober. ___ .... 6.58 Novombor _____ 3, 147 !Jccemher _____ 3, 050

1U:J3

Jnmmry _______ 3, 073

IU33

O{:t.ober 1, 217 Novornt;;,r·----Vecernbor~~:::

2, 750 3, 784

IU:H January _______

3, 508

IU:J1

Soptember ---- 38 October -l'lovomlior _____ 1, 480

December::::: 3, 222 3, 314

1035 January .......

3, 637

[In thousand bushels; l. o., 000 omitted)

1033 JULY FUTURE

Maximum Minimum Average Year and daily open com- open com- month volume mltments mltments ot trarling

---1033-Contd.

205 5 February ..... 3, 482 5, 502 205 March ........ 8, 644

20,535 5, 734 ~rll .......... 2U, 250 3a, 870 27, 501 ny .......... 24, 366

Juno .......... !i,418 July .......... 417

34, 083 33,750

1034 JULY FUTURE

1034-Contd.

0, 730 213 Februury ..... 3, 561 16, 870 6, 875 March ........ 3,301 24,002 17,007 ApriL. ..... _. IJ, 704

May .......... 20, 8:!3 June .......... 7, 087

27, 275 24,777 July ......... ~ 701

1035 JULY FUTURE

1035-Contd.

130 40 Fohruary ..... 2, 953 0, 207 535 March ........ 4, 141

14, 186 6, 674 ~riL ........ 12,818 19,961 14, 387 ay .......... 11,981

June .......... 6, 030 July .......... 1, 287

21, 140 20,394

Maximum Minimum ooen com- open com-niltmenLs mltmonts

30,800 34,065 46,660 40,149 05,062 47, 124 62, 554 45,449 44, 430 5, 364 4, 537 0

30,281 27,630 36, li5 30, 433 46, 538 an, 050 48, 074 37, 548 30,648 u, 036 8, 446 0

22, 191 19,773 23, 452 22,26 7 34,020 23,885 40, 153 36,668 37,343 12,520 10,605 0

28 STATIS'.riCAL BULLETIN 54, U. S. DEPT. OF AGRICULTURE

TABLE 11.-Average daily volume of trading and maximum and minimum open commitments during the life of the July wheat futures on the Chicago Board of Trade, by months, Sept. 6, 1932, to Dec. 31, 1985-Continued.

[In thousand bushels: I. e., 000 omitted]

1930 JULY FUTURE

Average Maximum Minimum Average Ma>lmum Minimum Year and daily Year and daily month volume open com~ open com· month volume open com- open com.

of trading mitments mitments of trading mitments mitmonts

-1035 1935-Contd.

September ....• 8 20 5 November .... 2, 006 10,243 10,053 October .•...... I, 502 9, 972 I, 253 December. .... 3, 662 22,753 10, 419

TABLE 12.-Average daily volume of trading and maximum and minimum open commitments during the life of the September wheat futures on the Chicago Board of Trade, by months, Dec. 29, 1.932, to Dec. 31, 1935


1933 SEPTEMBER FUTURE --

Average Maximum Minimum Average Maximum Minimum Year and daily Year and daily month volume open com- open com- month volume open com- open com·

of trading mitments mitments of trading mitments mitments

---· 1032 1933-Contd.

December _____ 3 10 10 ApriL __ ------ 17, 596 72, 527 20,47l May __________ 21,242 86,733 n,466

1933 June .......... 41, 181 100, 082 87,20.5 January _______ 727 5, 572 180 July __________ 35, 531 96, 998 62,092 February ______ 1, 0.14 1:J, 062 5,860 August. ....... 4, 282 61, 601 5, 721 March _________ 3, 648 25,844 13,398 September .... 357 3, 131 0

1934 SEPTEMBER FUTURE

1034 1934--Cont J.

January. ______ 531 4, 013 38 June __________ 22, 163 84, 001 05,049 February ______ I, 003 8, 242 4, 330 July __________ 20, 129 89,090 05, 037 March ......... I, 217 14,640 8, 365 August. _______ 6, 977 63, 818 10,845 ApriL_-------- 4, 563 36, 323 14, 867 September. ___ 792 7, 080 0 May ___________ 12, 436 53, 217 36,574

193.5 SEPTEMBER FUTURE

1935 1935-Contd.

January _______ 511 2, 608 284 June .......... 10,720 40,958 28, 307 February __ .... 689 4, 986 2, 528 July __________ 22,200 45,173 41,486 March ......... 1, 421 8, 673 5, 092 August. ....... o. 055 45,490 10, 45~ ApriL ......... 4, 986 20,088 8, 815 .September .... 1, 437 14,404 May ___________ 6, 203 28,526 21, 822


Dece~~;~--L-----1 ----.!__10 I -'--581 _w ..!.L_II------_-·-______L_··-----1--____!_--------1--_----------~~-----------·

WHEAT FUTURES 29

TABLE 13.-Average daily volume of trading and maximum and m~n~mum open commitments during the life of the December wheat fntures on the Chicago Board of 1'rade, by months, Apr. 22, 1.933, to Dec . .'31, 1.9.'35

(In thousand bushels: I. e., 000 omitted]

1033 DECEMBER FUTURE

Average Maximum Minimum Average Maximum Minimum Year and daily open com- open com- Year and daily open com- open <·om-month volume month volume

or trading mitments mitments cf trading mitments mitments

1933 1033-Contd.

ApriL.------- 470 1, 005 0 September •• __ 16,212 06,215 85,888 MaY----------- 2,807 10, 059 2, 591 October_------ 14,632 86,673 56,209 June ... -------- 13,407 58,830 19,648 November. .•• 4,804 55,245 9,460 July_---------- 27,770 83,364 57, 193 December ....• 077 7, 704 0 August .• ------ 14, 148 93, 512 74,094


1034 1934-Contd.

February------ 2 20 0 August. ... ---- 24,473 99,540 86,075 March _________ ---------- 5 5 September_._. 12, 197 98, W5 73,545 ApriL.------- 1 30 5 October ..•.•.. 10,078 72, 147 47,073 May ___________ 20 341 41 November. ... 4, 570 47,278 14,202 June .. --------- 4, 521 23,300 1, 233 December ..... 1,152 12,537 0 July_.--------- 15, 401 84,747 25, 325


1935 1035-Contd. May ___________ 666 5,938 133 September ____ 17,004 60, 417 50,457 June ___________ 4,005 17,708 7,070 October _______ 17,673 49,747 38,031 July ___________ 12,369 41, 007 17,416 November_ ___ 5,595 37,726 10,300 August_ _______ 14,478 59,117 41, 815 December _____ 2, 312 18,772 0

TABLE 14.-Quantity of commitments in wheat futures open on the Chicago Board of Trade at the close of the last trading day of the month, by months and years, from Jan. 1924 to Dec. 1935

Month and year


May future

July futme

Septem· Decem- Other ber future ber future futures

All futures

combined ----------------------------

70,008 22, 145 3, 266 ---------- ---------- 95,479 83,857 22,808 6, 716 255 113,636 82,943 23,345 2, 766 ---------- ---------- 100,054 70,508 15, 113 2, 283 5 87,009 54,292 14,728 395 14,776 84, 191 85,342 21,867 35 8, 073 115,317

155, 686 25,956 4, 641 15, 144 201,427 93,908 29,795 165 9, 560 133, 518 80,049 25,216 4,031 2, 639 112,535 92.678 34,648 5,572 20 132,918

102,789 27,276 4,013 ---------- ---------- 134,077 81,560 21, 104 2, 586 ---------- ---------- 105, 250

1 January

111: llllll~l:i:l:[llllllll~lill~ll~lll ------------------12-year average _______ --------- ____ _ 87,864 23, 667 3,039 ---------- 4, 206 118,776 --------------------February

:iilllilli!!llilllliill~:i!lil!!ll~l!i ·II II :1 r~=~=~~.= ~~~.fri~ II ----------------------------- 09, 123 22, 101 4, 985 ---------- ---------- 96,290

12-Year average_____________________ 80,245 ~ ~ --(,-)- -----z;7i2 110,476

ILessthanl,OOObushels. ======


TABLE 14.-Quantity of commitments in wheat futures open on the Chicago Board of Trade at the close of the last trading day of the month, by months and years from Jan. 1924 to Dec. 1935-Continued '

Month and year

[In thousand bushels; I. e., 000 omitted)

May future

July I future

Beptem· Decem- Other AU ber future ber future futures futures

combined --------------1--- --- ----------

March 1924-------------------------------------- 51,666 26,069 15,121 ---------- ---------- 92,856 1925-------------------------------------- 67,963 27,321 12,307 ---------- - 97,691 1926______________________________________ 56,799 25,917 9, 035 6 =-======== 91,756 1927..------------------------------------ 64,668 19, 075 . 8, 632 ---------- ---------- 82,265 1928-------------------------------------- 43,038 40,823 11,045 ---------- ---------- 94,906 1929-------------------------------------- 78,031 64,697 10,693 ---------- ---- - 143,421 1930.------------------------------------- 104,963 43,469 19,883 30 ----=-==== 168,345 1931.------------------------------------- 75,989 36,680 13,922 840 127,431 1932-------------------------------------- 61,433 41,794 23,016 ---------- ---------- 120,243 1933-------------------------------------- 54,995 46, 660 25,844 ---------- ---------- 127,499 1934-------------------------------------- 64,995 36,067 14,649 6 ---------- 115,716 1935-------------------------------------- 52,511 23,261 8, ft73 ---------- ---------- 84,446

12-year average_____________________ 63,087 ~ l4,3ii3 ---3- ---70- ----m700 =====

• April 1924.------------------------------------- 18,461 37,694 18,092 465 ---------- 74,602 1925-------------------------------------- 23,616 46, 136 14, 649 83 ---------- 83,384 1926______________________________________ 37,678 39,882 16,167 465 ---------- 93,182 1927 ________________ _._____________________ 23,618 27,693 17,842 12 ---------- 69,165 1928-------------------------------------- 19,390 71,317 30,796 ---- ----- - - - - 121,602 1929.------------------------------------- 18,724 74,117 31,758 ii,468 - - - - -- 133,057 1930.------------------------------------- 32, 574 65,929 29,664 12,266 --- ----- 140,323 1931.------------------------------------- 51,127 34,946 21, 126 6, 752 - - 840 114,790 1932.------------------------------------- 12,297 68,797 38,971 3, 9R5 114,050 1933______________________________________ 10,464 63,817 72,627 1, 666 148,473 1934.------------------------------------- 12,944 46,638 36,323 30 95,835 1935-------------------------------------- 17,417 34,629 20,988 ---------- ---------- 73,034

12·year average ___ ------------------~ 50,033 28,974 ~ ---70- ----w5.iJ6 =====

May 1924______________________________________ • 40 40,278 21,913 2, 897 65,128 1925______________________________________ 2 26 63,126 33,598 9, 991 30 96,771 1926______________________________________ 2 2 48,971 21,877 2, 356 80 73,286 1927-------------------------------------- ---------- 38,138 30,101 7 68,246 1928 ______________________________________ ---------- 61,269 39,777 2,194 03,240 1929-------------------------------------- ---------- 67,106 43,481 23,434 134,021 1930 ______________________________________ ---------- 64,741 38,755 21,433 ---------- 124,920 193!__ ____________________________________ ---------- 32,179 25,649 11,759 850 70,437 1932.------------------------------------- ---------- 51,798 46,912 12,994 Ill, 701 1933 ______________________________________ ---------- 46,449 86,733 19,069 151,241 1934-------------------------------------- ---------- 37,648 63,217 341 91,106 1935-------------------------------------- ---------- 38, 436 28, 626 6, 938 ---------- 72,006

12-year average--------------------- ---, 6- 47,420 --a9,2l2 ~ ---80- 96.084 =====

June 1924-------------------------------------- 30 11, 267 61,804 18,966 82,057

~~~~m~=~~=~m==~~~~~~~:~~::~=mm ===~~=~~~ ~m !~ :~ .~~ 1930 ______________________________________ ---------- 14,082 65,597 35,492 ______ 1_3_0__ 105,171 1931__ ____________________________________ ---------- 17,711 39,501 21,463 16~:~:

1932-------------------------------------- ---------- 13,198 62,415 30,160 1&1,349 1933.------------------------------------- 4, 760 5, 364 95,707 58, 518 116,997

~~it==================================== ========== lt ~~ fa; g~~ f:: ~g~ ----------~ --------------- 100 434 12-year average_____________________ 407 16,468 58,346 _ 26,203 11 _ ·-

July 08,453 1924-------------------------------------- 10,225 53,097 35, 131 ------1-9-5- 92,018 1925.------------------------------------- 6, 385 2 481 46,082 38,875 82,172 1926______________________________________ 259 48,499 33, 409 5 74,562 1927-------------------------------------- 75 51,340 23,147 --------2- 102,004 1928 ______ -- ------------------------------ ---------- ---------- 57, 488 44, 604 210, 263 1929-------------------------------------- 1, 650 ---------- 87,201 119, 670 1, 742 126,226 1930.------------------------------------- ---------- ---------- 65,772 57,128 3,326 85,002 193L------------------------------------- 66 ---------- 43, 127 42,709 121,083

m~====================================== --·ao;iiii7" ========== ~i: ~~g ~~: ~:b l~:~~ 1934______________________________________ 7, 590 ---------- 65,937 84,747 ---------- 80,001 1935__ ____________________________________ ~ = 44,960 41,607 ~ --w3o4 12-year average---------·-·---··---- 5, 031 2 40 57, 319 64, 534 439 ~

2 Def!mited.

WHEAT FUTURES 31

TABLE 14.-Quantity of commitments in wheat futures open on the Chicago Board of Trade at the close of the last trading day of the month, by months and years, from Jan. 1924 to Dec. 1935-Continued


Month and year May future

July future

Septem- Decem- Other ber future ber future futures

All futures

combined -----------1--------------- ---

August 1924.-------------------------------------1025..------------------------------------1928..------------------------------------1927 .. ------------------------------------1028 .. ------------------------------------1029..---------------------------------- -!030 .. -----------------------------------W3L ------------------------ ------- ••• __ !032..--- --------------------------------!033 .• ------------------------------------1934..-----------------------------------!035.- ------------------------------------

12-year average ________ -------------

21,862 22,971 22,224

1, 573 11,400 44, 118 21,132 33,870 36,649 50, 625 49, 162 32, 690 ---29,023

---

908 19,578 19, 514 21,843 19,719 18,868 18,368 13,948 13, 569 9, 790 5, 721

10,845 16, 454 --- J:'5,685 76

------

65,831 108, 179 55, 591 98,076 62,663 106,730 49,677 7, 717 78,686 78,457 4,014 112,739

147, 172 5, 802 215, 550 98,305 8, 988 142, 373 47,762 615 95,816

110, 145 30 156, 614 93, 512 149, 858 97,798 157,805 59, 117 108, 261 ---80,502 2, 271 127, 557

---------September

1024.------------------------------------- 32,754 2,146 2 4 69,024 103,928 1925______________________________________ 39, 651 30 '6 59, 108 98,885 1920.. __________________ ------------------ 34, 447 ---------- ---------- 61, 778 96,225 1027______________________________________ 4, 706 ---------- ---------- 66,499 13,655 84,860 1928-------------------------------------- 27,417 ---------- ---------- 77,435 5, 660 110, 512 1920______________________________________ 73,064 ---------- ---------- 162, 228 8, 045 243, 337 1930______________________________________ 53,664 ---------- ---------- 99,190 14,474 167,328 ;gaL____________________________________ 49,032 __________ __________ 44,011 1, 282 94,391 1032______________________________________ 58,124 20s __________ 113, o:J4 25 111,388 1033______________________________________ 70,880 ---------- ---------- 86,733 157,613 1034______________________________________ 73,000 130 ---------- 73, 545 146,765 1035__ __________________________________ -- 65,876 29 ---------- 50, 501 116,406

12-year average _____________________ ~ --zi2 ---, -1 ~ ---a;595 132,629

October 1024______________________________________ 51,333 6, 428 ---------- 51,728 153 109,642 1025..____________________________________ 59,748 4, 502 ---------- 50,759 115,009 1026______________________________________ 44, 9·:14 1, 917 ---------- 57,384 100 104,345

:~~:::::::::::::::::::::::::::::::::::::: ~;: ~~g -------io- :::::::::: ?I:~~~ 1~: ~~~ 1~: ~~~

!~:=:-=:::: :--~m:m::::::= ~~ ·1m---- -u ·~~ t~i -------------------------------------- 81, 397 9, 972 38,089 129,458

12-year average_____________________ 64, 535 ~ ~ 62;425 ~ 135,372

December 1921

::~~~228~7:_:_:_:_:_:_:_:_-:::::::=_--_=:_- __ =-_::_:_:_- -_::_: __ :=:_::_-_:_=-=_----=·--_-:-: 1~l: ~~! ~i: ~g :::::::::: :::::::::: -------~~- m: r~~ 77,916 14,098 ------------------------------ 92,014 55,328 2, 819 ---------- ---------- 16,058 74,205

1020_____ ----------------------------- 112,671 2, 548 ---------- ---------- 14,232 129,451 1030-------------------------------------- 150,898 14, 722 ---------- ---------- 18, 574 184, 194

~~~3~5~--~-~-~-~-~-~-~-~-~-~-~_:_:~-~-:~~~~~~~~~~m~~m-_=~_=_==_:_~ :~u~~ ~~ ~~ :::::::~;: ~~~~~~~~~~ ---~~~~~- tliji~ 90,327 19,961 ---------- ---------- ---------- 119,288

I ------------------ 87,620 22,705 58 ---------- ---------- 110,383 2-Year average _____________________ -9 3 -7 952 ------

8,8 g 1 ' 6 ---------- 5, 188 121.985

'Defaulted.


TABLE 15.-Percentage of total commitments in wheat futures on the Chicago Board of Trade open in the vario11s futures at the close of the last trading day of the month by months and years, from Jan. 1924 to Dec. 1935 '


July future

-Septem· Decem- Other All

ber future her future futureg futures combined

---------------1·--- -------------January

1924 •... ·-·- -------------- -·-----.-- ------1925 _____________________________________ _

1026.--------- -----------.-------.-.------1027 ------··---·-----------·------··-·----1928 _____________________________________ _

1920 •. ---------.-------- -------- -·-------I 030 .....• -------------------- ------------19:!1.---- ---·--- ---------.---- ------------J032 _____________________________________ _ 1933 _____________________________________ _

1934 .•...•... -------·--------------------· 1035 ..•.. ---------------·-----------------

12-year average .......•...•• -----·--

February J924_ ____________________________________ _ 1926 _____________________________________ _

1926 .• ---------------- ·- -· ----------------1927 _____________________________________ _ J928 _____________________________________ _ J929 _____________________________________ _ 1o:Jo _____________________________________ _ 1931 _____________________________________ _ J932 _____________________________________ _

J933.- -------- -----------------.----------J9:J4 _____________________________________ _ J9.J5 _____________________________________ _

12-year average .... __ ._ .•.... ____ . __

March

73. 39 23.19 3. 42 ---------- ---------- !OO.OQ 73.70 20.07 5. 01 0. 23 IOO.IJQ 76.06 21.41 2. 53 ---------- ---------- 100.00 80.20 17. 19 2. 60 .01 !OO.IJO 04.49 17.49 .47 17.55 100.(/0 74.01 18.06 .03 7. 00 100.00 77.29 12.89 2. 30 7. 52 100.00 70.40 22.32 .12 7.16 100.00 71.67 22.41 3.58 2.34 100.00 00.73 26.07 4.19 .OJ JOO.OO 76.67 20.34 2. 90 ---------- ---------- 100.00 77.49 20.05 2. 46 ---------- ---------- 100.00 --- ------------73.97 J9. 93 2. 56 ---------- 3. 54 100.00 =====

65.30 25.27 9.43 ---------- ---------- 100.00 73.18 19.78 7. 04 ---------- ---------- 100.00 70. fi7 2:J. 86 5. 57 ---------- ---------- 100.00 73.45 19.41 7.14 ---------- ·····a:as· 100.00 01.73 27.91 1.98 100.011 64.91 30.80 .11 4.18 100.00 72.52 17.06 6. 67 3. 75 HJO.OO 63.58 2:J. 73 5. 22 7. 47 100.011 61.10 26.95 9. 98 1. 97 100.011 59.14 30.75 10.09 ---·(t)"""" .02 100.00 69.43 24.03 6. 54 100.00 71.78 23.04 5. 18 ---------- ---------- 100.00 ---------------67. 16 24.30 6. 27 ---------- 2. 27 100.00

------------------J924______________________________________ 55.04 28.08 Jfj, 28 ---------- ---------- 100.011 J925 ... ------- -·--- -·-----·--------------- 50. 39 28.00 J2. 61 ---- 100.011 1926 •••.. -----------------·--------------- 61.00 28.25 9. 85 -·--(,)"""" ·----- 100.00 1927 -·-----· __________ -------------------- on. 44 23. J9 Jo. 37 __________ ---·------ wo.oo J928 ..... -----------------·--------------- 45.35 43. OJ Jl. 64 ---------- -·-·------ 100.00 J929______________________________________ 54. 4J 38.J4 7. 45 ---------- -----·---· 100.00 19.30 .•... --------------------------------- 62.3.7 25.82 11.81 0.02 ····------ 100.00 HJ31 ____________________ --·--- ___ __ _______ so. o3 28.78 10. 9a . oo 100.00

1932 ......... ·----------------------------- 48. fi6 33.11 18.23 ---------- --·------· HKJ.OII 1933...................................... 43. 13 36.60 20. 27 ---···· 100.011 1934______________________________________ 56.17 :Jt.17 12.06 ----(,)"""" ... 100.00 1935...................................... 02.18 27.55 10.27 ---------· .......... 100.W

12-year average..................... 55.98 - 31. JU 12.77 (') . 06 100.011

April 100.00 1924 ___________________________ -----------2248

.. 7,.,2? 5G. a9 24. 25 • 61 100_00 1925...................................... , M.13 17.45 .10 .......... JOO.OII 1926 __________________________ ------------ 40. 43 42. 80 10. 28 • 49 ---·-----· 100.011 J927______________________________________ 34.15 40.04 25.79 .02 ---------- J(JO.I~

1928...................................... 15.06 58.70 25.34 ---------- ---------- 100.00 1029______________________________________ 14.07 5-S. 70 23.87 6. 36 100.~1

19:30...................................... 23.21 46.99 21.06 8. 74 ......... HKJ.OO 1u:n______________________________________ 44.54 30.45 J8. 40 5. 88 · . n 100_00 J932______________________________________ 10.78 51.55 34.17 3. 50 100.00 J~33·----·-·------------------------------ 7. 05 42.98 48.85 1.12 100.011

~oit:::::::::::::::::::::::::::::::::::: ~~: ~~ _ !~: ~~ ~: ~~ ------~~~- :::::::::: ~ 12-year average..................... 22.06 47.00 27.56 2. 71 • 07 ~

1924 .•. ------------~~-=--------·-------·-· '.06 61.84 33.65 4.45 100·00 1926 .•••. ------------------·-------·------ '.o3 54.oo 34. n 10.32 ---·-·:oa· )(Jo.~ 119922r.7, __________ ....... -------------------·- (') ~.o5 .. 8828 20. 85 a. 22 . 11 l~:oo

----·---·----------------------------- ---------- " 44.11 .01 100.00

~g~t~~~~~~~~~~~~~~~~~~~~~===~===~::::::: =~:::::::: i~: ~~ !~: ~~ ~~: 1~ l~:~ 1~:n__________________ ____________ __ ______ __________ 45. 69 3o. 11 ~U~ -----i:zi· l~:oo io~~----····---·-------------------------- ------·--- §~:3~ g~:gg 12.00 100·00

~g~~::::::::::::::::::~::::::::::::::::::: ~::::::::: M: ?i g~: g ~ ~ ~ 12-year average..................... '. 01 49.35 40. 8:_ ~ ~ ~

t Less than 0.01 percent. 2 De!aulted1

WHEAT FUTURES 33

TAJJI,E 15.-Percentage ~f total commitments in wheat futures on. the Chicago Board of Trade open in the varwus futures at the close of the last tradmg day of the month, by months and years, from Jan. 1921,. to Dec. 1935-Continued


July future

Septem- Decem- Other ber future ber future futures

All futures

combined

---------1·------------June

1024 .....•.. ------------------------------ .04 13.73 63.13 23.10 100.00 mL .. ---------------------------------- ---------- 22.83 5o. 20 26.88 100. oo JU26 ____________ ---------- ---------------- ---------- 41. 83 44. 38 13. 79 100. 00 1U2L----------------------------------- ---------- r~: ~~ ~~: g~ \'J. 53 }88: gg :~~:::: :::::::::::::::::::::::::::::::::: -----:<iii-- 9. 09 59. 83 31. 02 100. 00

:~~L:::::::===:======================== ========== ~u~ ~: !~ ~: ~ . 16 {88: zz :~~L:::::::::::::::::::::::::::::::::::: -----z:iio· 3. 2!l 58. za ~: g} {88:88 !U3L ... --------------------------------- ---------- 8. 24 71.85 19.91 100.00 1036.. ... --------------------------------- = ~ ~ ~ ---~

12-year average_____________________ . 41 16.40 58.09 25.09 .01 100.00

July 1024 ______________ ------------------------ 10. 39 53.93 35.68 100.00 1025..------------------------------------ 6. 94 •. 52 50.08 42.25 . 21 100.00 1926.. ..... ------------------------------- • 31 89.02 40.66 • 01 100.00 1027______________________________________ .10

!028 ________________ - --------------------- ---------- ----------1929._____________________________________ . 79 ----------

68.86 31.04 ----(,) ____ 100.00 56.31 43.69 100~ 00 41.47 56.91 .83 100.00 wto _________________________________________________________ _ 52.11 45.26 2.03 100.00

103L .. ---------------------------------- . 08 ---------- 00.20 49.72 100.00 1032.. ................ -------------------- ---------- ---------- 50.90 49.10 100.00 1033..____________________________________ 18.34 ---------- 37.47 44.19 100.00 103L ... _________________________________ 4. 80 ---------- 41.66 53.54 100.00 1035._____________________________________ 3. 81 ---------- 49.96 46.23 100.00

12-year average _____________________ ~ -.-:o3 ~ ~ --.-3-7 ---wo:Oo ======

20. 21 . 84 18. 10 60. 85 100. 00 23. 42 19. 90 56. 68 100. 00 2gJ~ ~u~ ~n~ -----ii:si" }88: 88 10. 11 16. 74 69. 59 3. 56 100.00 20. 47 8. 52 68.28 2. 73 100.00 14. 84 9. 80 69.05 6. 31 100.00 35. 35 14. 10 49.85 . 64 100.00 23. 40 6. 25 70. 33 . 02 100. 00 33. 78 3. 82 62. 40 100. 00 31. 15 6. 87 61.98 100.00 30. 19 15. 20 54.61 100.00

12-year average _____________________ ~ --.-0-6 ~ --ni!l ~ --wD.OO = ====

1024 October ====== 46.82 5. 86 ---------- 47.18 .14 100.00 51.95 3. 01 ---------- 44. 14 100.00 43.07 1.84 ---------- 64.09 .10 100.00 20.08 ---------- ---------- 64.78 15.14 100.00 36. 50 . 01 ---------- 57.59 5. 81 100.00 41.75 ---------- ---------- 53.85 4. 40 100.00 41.48 1. 13 48. 26 9. 13 100. 00 64. RO 6. 2.3 27. 06 1. 91 100. 00 46. 97 3. 56 49. 45 . 02 100. 00 54. 17 4. 91 40. 92 100. 00 59. 28 4. 72 36. 00 100. 00 62. 88 7. 70 29. 42 100. 00

~--a:JA~~-a:os-wo:oo ======

687 1 Less than 0.01 percent. 2 Defaulted. 64--aa-a


TABLE 15. -Percentage of total commitments in wheat futures on the Chicago Board of Trade open in the various futures at the close of the last trading day of the month by months and years, jrom Jan. 1924 to Dec. 1935-Continued '

Month and year

November 1024.--------------------------- ----------1925.-------------------------------------1926.--------------------------- ----------1927--------------------------------------1028.-------------------------------------1920-- ---------------------------- --------1030.-------------------------------------193L. __ -------- __ ------------. __ •• -------1932.-------------------------------------1933 .• ------------------------------------1934 .• ------------------------------------1935 .• ------------------------------------

1Z-year average _______ ----------- __ _

December 1024.-------------------------------------1925 .• ------------------------------------1026 ____ ----------------------------------1927---------------- ----------------------1928.-------------------------------------1929 .• ------------------------------------1930.-------------------------------------1931.-------------------------------------1032 .• ------------------------------------1033 •• ------------------------------------1934 ____ ----------------------------------1935.-------------------------------------

1Z-year average ... _________________ _

1 Less tban 0.01 percent.

May future

74.03 65.98 70.16 50.18 69.31 73.80 64.78 70.49 70.72 80.89 77.75 71.59 ----71.41

= 87.33 84.41 84.68 74.56 87.04 81.92 73.61 79. R1 74.58 81.60 83.27 79.38

81.03

July Septem-future ber future

------7.94

12.86 6. 04 .48 .19

3.10 6.38

11.26 19.16 12.24 11.12 12.98 ------8. 65 ----------= ---

12.64 ----------15.59 ----------15.32 ----------3.80 ----------1. 97 ----------7.90 ----,,)----18.82

18.11 ----------25.40 .01 18.40 ----------16.73 ----------20.57 .05

14.72 (')

Decem- Other All ber future futures rutur~<

combined -------

18.03 100.00 21.16 ----,,r--- 100.00 23.80 100.00 30.08 19.26 100.00

.21. 24 9. 26 100.00 13.90 0.20 100.00 17.77 11.07 100.00 7.11 2.14 100.00

10.10 .02 100.00 6.87 100.00

],1.13 100.00 15.43 100.00 -----------15.70 4.24 100.00

= =

---------- . 03 100.00 ---------- ---------- 100.00 ---------- ""2i:ii4' 100.00 ---------- 100.00 ---------- 10.99 100.00 ---------- 10.09 100.00

7.57 100.00 ---------- 2.08 100.00 ---------- .OJ 100.00 ---------- ---------- 100.00 ---------- ---------- 100.00 ---------- ---------- 100.00

4.25 100.00

TABLE 16.-Daily open commitments in all wheat futures combined on .the Chicago Board of Trade of various classes of traders within the 200,000-bushel reporti11g requirement, and those not within the requirement, from Jan. 2 to Dec. 31, 1935


Reporting Aggrcgote. or

Reporting Reporting Aggregate of nonrcportmg Total speculators round lot-job hedgers' those reporting (small)

Date open lot ~preaders 1 traders'

commit-ments

Long Short Long Short Long Short Long Short Long Short

---------------------- -Jan. 2------- ll9, 231 13,265 4,86.S 8, 675 8,675 8,610 83,614 30,550 97,154 88,681 22,017 Jan. a _______ 118,561 13,360 5, 720 8,630 8, 613 8,895 82,969 30,885 07,302 87,676 21,209 Jan. 4 _______ 118, 70S 13,301 5,415 8, 570 8,553 9, 250 82,764 31, 121 96,732 87,684 2!,1113

22,323 Jan. 5. ______ US, 342 13,426 5,010 8,430 8, 412 9, 455 82,507 31,311 96, OlD 87,031 22,076 Jan. 7 _______ ll7, 715 13,047 4,927 8,275 8, 255 9,530 81,858 30,852 95,040 86,863 2~712 Jan. 8 _______ 116,259 13,401 5,155 8,095 8,089 9, 743 80,303 31,239 03,547 85,020 22,7011 Jan. g _______ 115,534 13, 504 4,865 8,030 8,010 9, 585 79,950 31, 119 92,834 84,416 23,477 Jan. 10 ______ 115, 144 13,614 4,420 7,970 7,962 0, 735 79,285 31,210 91,667 83,925 22,9fll Jan. n ______ 113,402 12,360 4,350 8,080 8,072 9,609 78,020 30,040 90,442 83,363 22.@7 Jan. 12 ______ 112, 69.) ll, 365 4,280 8,185 8,177 9,535 77.601 20,085 00,058 83,610 22,sZil Jan. 14 ______ ll2, 097 10,125 4,140 8, 365 8,361 9, 359 76,770 27,840 89,271 84,248 22,032 Jan. 15 ______ 111,304 10, 230 4, 275 8,520 8, 525 9, 283 75,872 28,033 88, 672 83,271 22,033 Jan. 16 ______ 110, 156 10,445 3,975 8,430 8,422 9,035 74,826 27,910 87,223 82,240 23,857 Jan. 17 ______ 109,674 10,255 3, 755 8,325 8,315 9,065 73,747 27,645 85,817 82,029 24,971 Jan. 18 ______ 109,341 l0,39S 3, 580 8,155 8,145 9, 680 72,642 28,230 84,367 81, ill 24,80l

Jan. 19 ...... 100, 153 11,084 3,827 8,005 7,902 9, 685 72,530 28,774 84,349 80,379 2.1,1511 Jan. 21.. •.•. 109,498 11,247 4, 609 8,035 8,034 0,615 71,699 28,897 84,342 80,601 25.256 Jan. 22 ______ 108,619 11, 165 4,902 7, 990 7,990 0, 2.30 70,471 28,385 83,363 80,234 25,2'!1 Jan. 23 •.•••• 108, 151 11,480 4,902 7,950 7,945 8,850 69,920 28,280 82,857 79,871

I See text for explanation of the class term used. 'Probably Includes some speculative trading. See text for explanation. • Includes small speculative and hedging trading. See text for explanation.

WHEAT FUTURES 35

T BI E 16 -Daily open commitments in all wheat futures combined on the Chicago ABJ;;rd ;f Trade of various classes of traders within the 200,000-bushel reporting re~uirement, and those not within the requirement, from Jan. 2 to Dec. 31, 1985-Continued.


Reporting Aggregate of Reporting Reporting Aggregate of nonreportlng

'J'otal speculators round lot-job hedgers those reporting (small) open lotspreaders traders

Date commit-ments


--------------- -----------Jan. 2L---- 107, 564 11,035 4,180 7, 7YO 7, 7Y1 8, 770 69,904 27,.595 81, 875 79,969 25,689 Jan. 25 ______ 107, fJ54 10, 835 a, Y95 7,815 7,819 8, 650 69, 600 27,300 81,414 HO, 354 26,240 Jan. 21'------ 107,717 10,855 4,020 7, 790 7,806 8, 715 69, 453 27,360 81, 279 80,357 26,438 Jan. 2~------ 107,012 10,905 4, 245 7,H22 7, 833 8, 380 68,573 27, 107 80, 651 79,905 26, 361 Jan. 20 ______ IOU, 4:J4 11,317 4,190 7, 787 7, 802 8,115 68,486 27, 2!9 80,478 70,21.5 25,956 Jan. :m ______ 106,194 11,372 4, 570 7, 755 7, 767 8, 145 68, 350 27,272 80,093 78,922 2fi, 501 Jan. :JL _____ 105,250 11,142 4,415 7, 510 7, 510 8,145 67,973 26, 7Y7 79,898 78,453 25,352 Feb. J. _____ 104,424 11, 167 4, 045 7, 505 7, 509 8,150 67, 692 26,822 79,246 77,602 25, 17B Feh. 2------ 10:J, 521 10,677 4, 040 7, 505 7, .508 8, 372 67,095 26,554 79, 243 76,967 24,278 Feb. 1.----- 102, 886 10,107 3,820 7, 515 7, 521 7, 530 06,816 25,212 78,157 77,174 24,229 Feb, .r,_ ----- 101,001 10,457 3, 590 7, 535 7, 537 7, 297 65,657 25, 289 7fo, 784 75,712 24,217 Fch.IL ----- 101,207 10,367 4, 245 7, 495 7, 498 7, 393 65, 1fi7 25, 21\fi 76,900 75, 052 24, 307 Feb. 7 ______ 100,834 10,082 3, 535 7,215 7, 220 7, 548 6.4, 987 24.845 75, 742 75,989 2.5, 002 Jo'eh. 8. _____ 100,480 10,332 3, 510 7,140 7,146 7, 853 04,293 25,325 74,949 75, 155 25, 531 Feb. 9. _____ 100,018 10, 592 3, 595 7, 045 7, 047 8,093 64,359 25, 730 75,001 74,288 25,017 Feb. 1 L ____ 99,701 9, 977 3, 625 7,020 7,026 8,158 63,967 25, 155 74,018 74,546 25,083 Feb. 13 _____ 09,032 9,832 3,640 6,975 6, 973 8,018 63, 849 24,825 74,462 75,107 25,470 Feb. 14 _____ 99, 500 9, 777 3, 720 6, 925 6, 925 8, 058 62, 901 24,760 73, 546 74,830 26,044 Feb. lo _____ 99,088 10,212 4, 015 6, 800 6,895 8,083 62,083 2.5, 185 72,093 73,003 26,095 Feb. JG _____ !18, 864 10,062 3, 705 6, 840 6, 844 8,108 61,544 25,010 72,093 73.354 26,271 Feb. IX _____ 98, 427 9, 687 3,870 6,860 6, 862 8.168 61,863 24,715 72, 595 73,712 25,832 Feb. 10. ____ 98, 248 8,880 4, 325 6, 805 6,806 8,195 60,998 23,880 72,129 74,368 26, 119 Feb. 20. ____ 98,369 9,000 5, 160 6, 815 6, 817 8, 230 60, 569 24,045 72,546 74,324 25,828 Feh. 2!_ ____ 117,047 8, 370 4, 345 6,815 6, 817 8, 255 60, 484 23,440 71,646 74,207 26,001 Feh. 2:!. ____ 97, 511 8,060 4, 825 6,800 6, 805 8,400 59, 656 23, 260 71,286 74, 251 26,225 Feb. 25 _____ 07,078 8, 115 4, 070 6, 580 6, 584 8, 625 59,261 23,320 69,915 73,758 'Zi,l03 Feb. 211. ____ Q(), 501 8,075 4,110 6, 610 6, 615 8, 700 59,089 28,385 69,814 73,116 26,687 Fe h. 27 _____ \)6, 212 8, !R5 4,100 6, 510 6, 514 8, 660 58,963 23, 355 69,577 72,857 26,635 Feb. 2B. ____ 115, 290 8, 320 4, 275 6, 40/i 6, 407 8,810 58,793 23, 535 69, 475 72,764 26,824 Mar.!_ _____ 06, 27:! 8,160 4, 230 6, 300 0,302 8,820 58,419 23, 2li0 68,951 72,993 r., 322 Mar. 2 ______ Oil, 36fl 7,840 4, 170 6, 270 6. 274 R,830 58, 667 22,940 69.111 73,426 27, 255 Mar.1 ______ 96,175 7, 755 4, 005 6, 21.5 6, 217 8. 592 58,7.53 22,562 69,03.5 73, 013 27.140 Mar. 5 ______ 90, 43G 8,20fi 4, 4~0 0, 290 6, 294 8, !57 58,925 22,652 69,049 73, 784 26,787 Mar. II ___ ,_ 1)6, 118 8, 435 4, 560 6, 380 6, 382 8. 202 58,770 23,017 69,712 73,101 26.406 Mar. 7 ______ 05,989 8,125 4, 600 6, 400 6, 400 8, 012 58,480 22, 537 69,570 73,452 20,419 Mar 8 Ofi, 233 8, !55 4, 795 6, 365 6, 368 7, 982 58,098 22, 502 69,801 73,731 26,372 Mar:u .... __ Mar.ll _____ 95,401 7, 935 4, 780 0, 360 0, 365 7, 867 .58, 329 22,162 69,474 73,299 25,987

Mar. 12::::: {l4, 584 7,480 5,015 6, 520 6,528 8,162 57, 772 22, 162 69,315 72,422 25,269 113,000 7, 185 4, 815 6, 555 6, 558 8,107 57,268 21,907 68,641 71, 183 24,449 Mar. 13 92, 573 7, 255 4,915 6, 605 6, 610 8, 119 56,897 21,979 68,422 70,594 24,151 Mar. 11 _____

Mar. 15 _____ 112,226 7, 385 4, 715 6,G85 6, 685 7, 744 56, 176 21,814 67.576 70,412 24,650 Mar. w .. ___ 01,072 7, 835 5, 125 6, 050 6, 651 7, 664 55,834 22,149 67,610 69,42.3 23,962 Mar. 18 _____ 91,091 8,120 5, 410 6, 565 6. 568 8,189 55,896 22,874 67,874 68,217 23,217 Mar. I!! _____ 80,538 7, .185 5, 390 6, 400 6, 401 7, 989 54,821 21,974 66,612 67, 564 22, 926 Mar. 211 .. ___ 88,690 7,080 5, 305 6, 375 6, 376 7, 744 54,181 21,799 65, 862 66,891 22,828 Mar. 21 _____ RH, 536 7, 6:JO 5,185 6, 335 6,335 8,187 53,482 22, 152 65,002 66,384 23, 534 Mar. 22----- 87,825 7, 700 5, 0.50 6,120 0,120 7, 862 51,007 21,682 62,867 66, 143 24,958 Mar. 2a--- .. 8fi, 972 7, 245 4, 230 5, 925 5, 922 7, 777 50, 765 20,947 00,917 05,025 25,055 Mar. 25 ___ -- RO, 013 7,370 4, 280 5, 845 5, 84!1 7. 052 50, 396 21,167 00,521 64,846 25,492 Mnr. 20 _____ 85, 2o3 6, 745 3, 535 5, 800 5, 800 7, 652 49,812 20,197 59, 147 05, 056 20.106 Mar. 27 _____ X1, 972 6, 215 3, 190 5,810 5,812 7, 595 49,272 W, 620 58.274 65,352 26,698 Mnr. 2H _____ 84, X45 6, or,o 3, 360 5, 790 5, 790 7, 410 4R, 728 19.250 57,878 05, 595 26,967 Mar. 2U _____ H1, 888 o. 045 3, 030 5, 090 5, 691 7,165 48,394 18,900 57,715 65,988 27,173 Mur.ao·---- H4, 718 5, 025 3, 450 5, 080 5, 680 0, 780 47,003 18,385 57, 033 oo. 363 I 27, 711) Apr. I .. ___ R4, 445 5, 935 3, 115 5, 060 5, 661 6, 8CO 48, 236 18. 39o 57,012 Ofi, 050 27, 433

1~u:::::: R5, 108 0, 060 3, 755 5, 690 5,800 6, 770 47,876 19,120 57,32[ 66,048 27,847 85,293 (), 505 3,825 5, 690 5, 091 6, 770 47, 436 19,055 56, 9fi2 66,238 28, 341 81,008 6, 355 3, 885 5,680 5, 68l 6, 634 47, 294 18,669 56. 860 66,329 28,138

Apr,,------ 84,850 6, 010 4, 090 5,500 5,590 6, 994 47,323 18,594 57, 003 66. 256 27,847 Apr, 0------ 81,192 5,150 4,035 5, 365 5, 365 7,349 46,180 17,864 55, 586 66,328 28,606 Apr. a"·--- s:J, 202 5,135 3, 755 5,345 5, 345 7,349 46, 571 17,829 55, 671 65,433 27' 591 Apr, o··---- 82, 086 ,1, 410 3, 030 5,550 5, 651 7, 009 46,027 17,960 50, 108 64, 717 26,578 Apr, 1i1 _____ 82.585 5, 125 3, 450 5, 690 5, 691 7, 044 40,509 17,859 55, 710 64, 726 26,875 Apr,]] .... _ 82, 595 5, 735 3, 090 5, 615 5, 615 0, 939 40, 703 18,289 56,068 64,306 26,527 Apr, 12 _____ 82, 493 6, 435 3, 975 5, 300 5, 392 7, 283 47, R88 19,108 57,255 03, 385 25,238 Apr. l:l _____ 81,163 7, 005 3, 205 5, 235 5, 235 6, 638 47.318 18, 878 55,848 02, 585 25,615 Apr.I!i _____ 80, 569 6, 900 3, 225 5,105 5, 106 5, 921 46,802 17,926 55, 133 62, 643 25,436 Apr, ln--- .. 81,316 0, 975 3, 425 4, 935 4, 942 6, 470 46,321 18,386 54, 688 !12, 930 26,028 'Apr, 17 .. ___ XI, 427 7, 705 2, 950 4, 075 4, 682 5, 044 46, 056 18,384 53,688 63,043 27,739 i Apr, IS::::: 81,241 7,195 3, 280 4, 680 4, 080 5, 763 45,892 17,638 53,852 63,603 27,389 80, 495 6, 325 3,420 4, 020 4, 620 6,028 46, 128 16,973 54,168 63,522 26,327

36 STATISTICAL BULLETIN 54, U. S. DEP'r. OIP AGRICULTURE

TABLE 16.-Daily open commitments in all wheat futures combined on the ChicfJno Board of Trade of various classes of traders within the 200 ,000-bushel reporting requir:ement, and those not within the requirement, from Jan. 2 to Dec. 31, J93uContJnued

[In thousand bushels; 1. e., 000 omitted]

Reporting Reporting Reporting Aggregate or Aggregate ot

Tot.nl round lot-job nonropnrUng open

speculators lot spreaders hedgers those reporting (srnall) Date commit~ tradors

ments -Long Short Long Short Long Short Long Short Long Short

------ ------ --- ------ -----------Apr. 20 ..... 79, 870 0, 725 3, 365 4, 505 4, 608 0,018 45,771 17,308 63,707 f.\2, 568 2fl,lllU Apr. 22 ..... 79,217 6,250 3, 005 4, 540 4, 541 0, 018 45,013 10,808 52,550 H2,100 211,0&8 Apr. 23 ..... 78,313 li, 215 2, 725 4, 355 4,31i6 5, 708 44,076 15, a3s 51,757 H2, 075 26, fJ~ij Apr. 25 ..... 70, 502 6, 115 4, 515 4, 215 4,217 5, 783 42, 175 15, 113 50,907 fll,140 25,6.)5 Apr. 26 ..... 75,044 4, 925 3, 090 4, 060 4, 062 5, 045 42,054 14,030 50,106 00,4]<1 :Jl,038 Apr. 27 ..... 74,728 4, 950 3, 780 3, 925 3, 927 5,000 42,020 13, uo.s 49,727 Oil, 703 25, (XJl Apr. 20 ..... 73,832 5,185 3,802 a, 870 3,875 4, 744 41,815 13, 709 49,582 00,033 :M, 2-50

~:y ~~~~~== 73,034 5,165 3, 640 3,360 3,305 4, 039 41,351 13,184 48,350 li9, 870 21, IJ78 72,806 4,640 4, 085 3, 700 3, 709 4,189 40, 456 12, 529 48,250 flO, 271 21,550

May 2 ...... 73,783 4, 730 5, 510 3, 900 3, 909 4,379 40,485 13, 009 40,904 60,774 23,879 May3 ...... 74,248 4, 875 5, 800 4, 275 4, 272 4,039 39,889 13, 189 49,961 Ill, 059 21,287 May 4 ...... • 73,817 4,870 5, 335 4,295 4,204 3, 575 39,062 12,740 49,501 01,077 :M,2W May 6 ...... 74,029 5, W5 5, 825 4, 405 4,407 3, 515 40,202 13, 085 50,434 00,014 23,595 May 7 ______ 72,475 4, 630 5, 285 3, 825 3,827 3, fJ15 38,853 11,070 47,065 00, fJ06 ~l,fi!O May 8 ...... 71, 069 3, 885 5, 750 3, 745 3, 750 3,490 30, 217 11, 120 48,717 fl0,840 23,2:!2 May 9 ______ 71,180 3, 770 5, 530 3,380 3,382 3,155 38,632 10,305 47,544 00,875 2.1.630 May 10 ..... 70,493 3, 555 5, 475 3, 480 3,480 3,315 38,321 10, :!50 47,276 60,143 23,217 May 11. .... 70,257 3,030 5, 025 3, 745 3, 747 2,905 37,084 10,370 47,350 50,887 22,001 May 13 ..... 70,81'4 3, 330 r,, gno 4, 010 4,015 2,800 38,405 10,140 48,440 60,074 22,374 May 14 ..... 70,387 3,320 6,400 4, 060 4,064 2, 810 38,246 10,190 48,710 00,107 21,071 May 15 ..... 70,236 3,095 6,100 4,045 4, 040 3, 530 37,217 10,670 47,426 !)Q,fj(Jfj 22,810 May 16 ..... 69,7:J7 3, 335 5, 555 a, 995 3, 904 3, 505 37,533 10, 835 47,082 58,002 22,055 May 17 ..... 70,030 3,480 6,295 4, 042 4,051 a, 540 36,971 11, 062 47,317 58,0118 22,713 May 18 ..... 09,275 3, 795 7, 100 3, 765 3, 769 3, 565 35,906 ll, 125 46,865 58,150 22,410 May 20 ..... 70,283 3,295 7, 360 4,160 4,165 a, 590 a4, 060 ll, 045 40,485 59,238 23,108 May 21. .... 71,452 3, a10 7, 025 4, 097 4,106 3, 535 35,588 10,942 46,719 00,510 :Jl,1.l1 May 22 ..... 71,728 3, 540 6,575 4,116 4,117 3, 506 34,944 11, 221 45, 036 60, 507 26,0112 May 2.3 ..... 71,427 a, 765 7,120 4,176 4,178 a, 345 34,8.36 11, 286 40,1:J4 60, !41 25,293 May 24 ..... 71,276 .3, 090 7, oao 4, 225 .4, 231 a, 570 35, 154 11,485 46,415 60,791 :M,Biil May 25 ..... 71,708 3, 675 7, 580 4,371 4,379 3, 535 35, 564 11, 581 47,523 fjQ,127 :Jl,J85 May 27 ..... 72,492 3, 935 7, 015 4,490 4,489 3, 545 35,574 11,970 47,978 60,522 :M,5l! May 28 ..... 72,715 4, 285 8,245 5,234 5, 140 3,145 .34, 821 12, 064 48,206 60,051 24, 50'1 May 29 ..... 72,523 4, 5ao 8, 7.50 5, 409 5,290 3,230 34,958 13,169 49,004 50,354 23,510 May 31. .... 72,900 4, ao5 9, 855 5, 787 5, 674 3,200 34,946 13,.352 50,474 59,548 22,1W June L ..... 72,820 5,165 9,670 5, 720 5, 627 4, 285 34, 121 15, 170 49,418 57,650 2:1,4112 June 3 ...... 73,642 5,270 9,870 5, 032 6, 561 4, 360 34,588 15, 262 50,019 58,300 23,621 June.4 ...... 74,016 5, 735 10,.350. 5,.643 5, 582 4, 3'76· 34,-493 15, 75a 50,425 58,863 24,101 June 5 ...... 74,922 5,820 10,430 5, 713 5, 057 4,:J75 33, 634 15,908 49,721 59,014 25,2111 June 6 ...... 75,425 5, 925 10,335 5, 711 5, 663 4, 795 :J4, 026 16,431 50,024 58,904 25,401 June 7 ...... 75,448 4,840 10,395 5, 787 5, 776 4,fll5 3:J, 654 15, 242 49,825 00,206 25,621 June 8 ...... 75,848 5,260 9,495 5, 751 5, 754 4, 715 34,000 15,720 49,249 00,122 26,&'1J

June 10 ..... 76, 129 5,680 10, a25 5,847 5, 862 4,460 aa, 899 15,987 50, 080 60,142 26,013 June 11. .... 76,781 5,4:JO 9, 760 6,011 6, 022 4, 510 33,048 15,951 49,730 00,8.30 27,051 June 12 ..... 75,483 5,875 10,900 5, 9:J7 5, 943 4, 580 32,999 !B, 392 49,932 50,091 25,5-JI June 1a ..... 74,342 5, 705 10,125 5, 729 v, 709 4, 6tJ5 33,012 10, 000 48,846 58,243 25,496

June 14 ..... 74, 301 5, 640 9,915 5, 086 5, 084 4, 830 a2, 837 16, 156 48,436 58,145 25.81~

June 15 .. ___ 74,303 5,010 10,305 5, ao1 5, 375 5,105 32,744 15,476 48,484 58,017 25,WJ .June 17 ..... 74,718 5, 200 0, 005 .5, 309 5, 378 5, 795 .33, 635 10, a64 48,918 58, :!54 25,!100

25,819 June 18 .... _ 75,389 5,475 !0, 1aO 5, 456 5,484 6,085 33,956 17,010 40, 570 58,373 25,&35 June 19 ..... 76,044 5, 415 10, 850 5, 5()9 5, 581 6,142 :J4, 078 17, 126 50,509 68, VJ8 2fl,62! June 20 ..... 70,482 5,490 10, 705 5, 647 5, 608 6, 702 33,483 17, 889 49,856 TJ8, .\03 W,i!05

June 21. .... 77,110 5,100 0, 770 5, 636 5, 6fJ6 6, 632 32,869 17,728 48,305 li0,382 28,511

June 22 ..... 76,057 5, 690 9, 885 5, 583 5, 582 0, 502 32, 97a 17, 775 48,440 r,g, JB2 21,481)

June 24 ..... 70,550 6, 065 10,170 5, 024 5, 636 6, 707 a3, 264 18,396 49,070 58,15-l 21.~13

June 25 ..... 75,046 6, 210 0, 617 5, 522 5, 523 0, 577 33,503 18, 309 48, 703 57,037 zo,;w June 26 _____ 76,080 6, 885 9,677 5, a3o 5, 375 6, 547 :J4, 268 18,762 40,320 57,:Jl8 27,&!1

June 27 ..... 76,000 0, 080 9, 670 5, ono 5,054 6, 525 :J4, 235 18, 556 48,959 57,445 23,iW

June 28 ..... 7:1,820 8, 900 10, 170 5,187 5,188 5,822 34, 093 19,900 liO, 051 r,;J, Oil ~J,ZDI

June 29 ..... 71,186 7, 260 8, 000 5,185 5, 225 5,\182 33,757 18,447 40,982 52, 7:!0 25,tlM

July L ..... 69,507 6, 500 7, 275 4, !;31 4, 670 4, 982 31,007 10,113 13, 552 63,31/<! 2fi,z?..5 July 2.. ..... 70,730 7, 8fi0 8, (jQQ 4, 705 4, 7fJ9 4,822 :J2, 055 17,437 45,514 5a,:wz 25,159 July 3.. ..... 70,450 8, 640 8, 022 4, 505 4, 590 4, 975 :Jl, 779 18, 210 45, 297 52,240 2,1301 July 5.. ..... 70,280 6, 685 8, 060 4, 507 4, 508 4,015 :Jl, fJ08 16, 107 44,976 /i1, J73' 23:611 July 6 ....... 70,Jl7 6, 910 10,235 4, 663 4, 658 5, aa8 31,052 10,941 16, 445 53, J70 23,360 .July 8.. ..... flO, 009 7, aoo 11, 175 4,00fl 4, 062 5,283 ao, 704 17,300 40, 541 52, (100 zr,.s>? July 9.. ..... ll9, 088 6,170 8,800 4,305 4,300 5, 545 20, 258 lfl, 110 42,508 52,078 20,B6Z July 10 ...... li8,18I 6, 730 8, 590 4,005 4,002 5, 770 28,727 16,505 41,310 61,070

21.1111 July JL .... 69,820 7, 300 8, 855 4, 362 1, 384 6, 085 28,584 17,837 41,823 r,1, os:1

21.2·~ July 12.. .... 70,394 6, 350 0, 715 4, 680 4, 708 6,110 28,715 17, 140 43, I:J8 6:1,254 20,MZ July 13.. .... 71,016 5, 790 9, 535 4, 930 4, ow 0,110 20,989 16, 839 44,474 04,177 21.1111 July 1.5.. .... 72,583 6,105 8, 200 4,930 4, 957 6, 235 31,452 17, 270 44, 600 55,313 211,311 55,304 July 10.. .... 72,729 5,670 7, 240 4, 925 4, 058 0, 770 32, 100 17,305 44,368

54,157 2\1,101 July 17.. ____ 73,429 7, 795 6,070 4, 797 4, 819 0,080 33,437 19,272 44, 320

WHEAT FUTURES 37

TABLE 16.-Daily open commitments in all wheat futures combined on the Chicago Board of Trarle of various clnsses of traders wtthin the 200,000-bushel reporting requirement, and those not within the requirement, from Jan. 2 to Dec. 31, 1935-Continued

[In thousand bushels; 1. e., 000 omitted]

Reporting Aggregate or

Total Reporting round lot-Job Reporting Aggregate of non reporting speculators lot spreaders hedgers those reporting (small)

open traders Date commit·

ments


--------- --- ------ ------------July 18 .••.•. 76,589 7,806 6,125 5,002 5, 013 6,885 35,261 19,782 46,429 56,807 30,160 July 10 •.•••• 76,485 7, 900 5, 525 4, 070 5, 001 7,170 35,667 20,130 46,193 56,365 30,292 July 20 •..••. 76, 804 8,200 5,030 4,988 5,016 7,215 36, UIO 20,403 46,056 56,401 29,848 July 22 •••••. 77,733 8,580 3, 655 4, 931 4,957 7,430 38,084 20,941 46,696 56, 7Y2 31,037 July 23 ••.•.. 78, 113 7, 645 3,450 5, 431 5,444 7,100 38,371 20,076 47,265 as, o:J? 30,848 July24.. .••• 78,325 8,415 2, 945 5,032 5,049 7,265 30,224 20,712 47,211! 57,613 31,107 July 25 .••••. . 70,060 8,625 3,120 4,65(1 4, 6!!2 7,130 30,750 20,411 47,552 58,648 31,507 July 26 •••••• 80,506 10,660 3, 035 3,980 3,970 8,440 41,087 23,080 48, 101 57,426 32,405 July 27 ••••.• 80,081 11,340 3, 075 3,939 3,044 9,190 42,432 24,469 49,451 56,212 31,230 July 20 •••••• 82, 651 10,080 3, 205 4,170 4,177 9, 671 44,976 24, 527 52,358 58, 124 30,293 July 30 •••.•• 86,211 12,487 4,217 4, 318 4, 321 9, 037 47,510 25,842 56,048 60,369 30,163 July3L •.•.. 80,091 15,237 4,637 4, 340 4,338 9,094 49,712 28,671 58,687 61,320 31,304 Aug.!.. .••• 90,374 13,512 4, 263 4, 660 4,657 8,831 52,419 27,003 61,339 63,371 29,035 Aug. 2 .••••• 91,613 11,407 4,073 4,875 4,877 9,250 53, !OR 25,622 62,058 65,991 29,655 Aug. 3 •••••• 93,989 11,825 4,645 6,080 5,0R2 9,099 54,747 26,004 64,474 67,985 29,515 Aug. 5 ••.•.• IJO, 050 13,305 4,380 5,125 5,126 9,188 ·511, 790 27,618 66,295 68,438 29,761 Aug. 0 .•.••. 98,250 14, 655 5, 710 5,320 6,320 9,363 57,422 29,338 68,452 6!!, 912 20,798 Aug. 7 •••••• 99, 603 15,065 6,165 5, 730 5, 736 9,070 58,726 29,865 70,627 69,828 29,006 Aug. 8 ..•••• 100,845 13,975 6,220 6,050 6. 050 8, 676 60,382 28,701 72,652 72, 144 28,193 Aug. U ...•.. 101,375 13,666 5, 665 6,170 6,173 8,186 60,848 21!,021 72,686 73,354 28,6R9 Aug.JO •••.• 100,660 13,725 4,850 6,235 6, 235 7,813 61,249 27,773 72,334 72,887 28,326 Aug. 12 ..••• 100,368 12,995 3,960 6,216 6, 207 6,885 62,417 26,096 72,584 74,272 27, 71l4 Aug. 13 •••.• 100,524 13,500 4,365 5, ll45 f>,845 7,220 62,625 26,655 72,835 73,869 27,689 Aug. 14 _____ 101,697 13,400 4,020 6, 208 6,209 7,260 64,282 26,888 74,511 74,809 27, 1f!6 Aug. 15 ..•••• 101,262 12,735 3,825 6,180 6,183 7, 801 63,763 26,716 73,771 74,486 27,431 Aug. 10 ..•.• 102,006 12,725 3, 795 6,090 6,089 7,543 63,919 26,358 73,803 75,648 28,203 Aug. 17 ••••• 101,500 11,725 3,605 6,050 6, o.~o 7, 995 63,874 2o, 110 73,529 75,730 27,971 Aug. 19 ..••• 102, 544 12,565 3,900 6,860 6,865 7,1135 65,453 26,360 75,218 76,184 27,326 Aug. 20 •.••• 102,721 12, 130 3,155 6, 045 6,965 7,425 66,881 25,500 76,001 77,221 20,720 Aug. 21.. ..• 102,918 13,980 3, 625 5,505 6, 503 7,213 08, ll1 26,608 77,239 76,220 25,670 Aug. 22 .••.• 103,226 13,225 2,830 5,420 5,422 7,408 68, 6!!4 26, 143 77, 136 77,083 26,090 Aug.ZL .•• 105,871 14,870 2,630 5,470 5,472 6,053 70,001 27,293 79,000 78,578 20,865 Aug. 24 .•.•• 100, 47~ 14,780 2,450 5, 770 5, 772 6.69~ 71,020 27,243 80,142 79,235 26,336 Aug, 20 •.••• 107, 723 13,400 2, 655 5,950 5, 949 6, nOO 72,573 26,030 81,177 81,693 26,546 Aug. 27 •.••• 108,080 13,730 2,400 6,345 6,345 6, F.65 74,544 26,640 83,280 81,440 24,791 Aug. 28 .••.• 107,888 13,160 2, 595 6,630 6,627 6, 425 75,324 26,215 84,646 81,673 Z:l, 342 Aug. 20 •.•.• 108,617 13.930 2, 395 6, 705 6,800 6,650 75,841 27,375 85,036 81,242 23,581 Aug. 30 ••.•• 108, 185 14,140 2,345 6,440 6,437 6,395 76,046 20,975 84,828 81,210 23,367 ~u~. 31.. •.. lOR, 261 14,190 2,305 5, 937 5, 040 6,0M 77,021 26,182 85,335 82,079 22,926

s~l:f:L::: 108,407 13,735 2,245 6,220 6,216 6,105 77,104 26,060 85,625 82,407 22,842 108, Oll 14,125 2, 13fi 6, 090 6,095 6, 500 7R, 345 26,721 SC, 575 81,290 21,436

Sept. 5 .•..•. 107,738 15,870 2,030 6, 686 6,806 6,885 7U, 076 28,340 86,012 70,398 20,826 ~cpt. r. .•.••• 100,957 16,040 1,970 4, 702 4, 752 7,300 79,363 27,642 80,085 79,315 20,872 s~f,U······ 106, 422 17,010 1, 885 4,118 4, 118 7, 340 7U, 295 28,468 so, 208 77,954 21,124 Sept-1()·--- 107,431 17,996 2,425 4,050 4, or.a 7, 739 80, 100 29,784 86,587 77,647 20,844 Sept. u····· 108,341 1R, 145 2,005 4,123 4,120 7, 384 81,086 29,652 88,111 78,680 20,230 S!!pt.12····· 109,065 16,096 2,005 4, 13u 4,135 R, 100 82,546 28,331 88,776 80,734 20,289 Hept. Ia··--- 109,81!3 15,602 2,290 4,170 4,170 8, 701 82,922 28, 40q 80,382 81,417 20,501 Sept. 14 ···-- 111,945 17, 612 2,630 4,191 4,191 9,091 84,478 30,894 91,299 81,051 20,646 Sept. 10 ·---- 112,400 17,002 2,385 4, 244 4, 249 8, 757 84,647 30,903 91, 281 81,497 21, ll9 Hopt,17····- 113,344 19,490 2,285 4,162 4,163 9, 346 84,456 32,908 90,904 80,346 22,440 Sept. Is··--- 112,905 22,067 2,275 4,155 4,153 7,932 83,658 34, 154 90,086 78,841 22,909 Sopt.Io···-- 112,270 22,975 2,345 3, 968 3,96!! 8, 777 82,902 35,720 89,306 76,550 22,965 Sept. 20··--· 113,903 24,200 2, 530 4, 010 4,008 8,982 84,597 37, 192 91,135 76,711 22,768 Sept. 21····· 112,954 19,680 2,115 4, 656 4,647 9,437 83,835 33,773 90,597 79,181 22,357 ~opt. 23:::::

114,263 19,965 2,906 4, 708 4, 786 9, 757 84,605 34,520 92,380 79,743 21,877 115,594 19,565 3, 725 4,900 4,902 10,622 85,123 35,087 93,750 80,507 21,844

s~f,l:~t-·· 116, 135 20,163 4,455 5,014 5,017 10,512 85, nOO 35, 6!!9 94,981 80,446 21,154 Sept. 26 --- 116,047 18,793 5,265 5,129 5,129 10,717 84,751 34,639 95, 145 81,408 20,902 Sept, 27·---- 116,088 18, 198 5, 605 5,209 5, 211 11,185 84,846 34,592 91\,662 81,476 20,406

~~::g::::: 117, 105 19,353 5,315 6, 210 5,216 11,556 85,315 36,118 95,840 80, OR7 21, 259 116,727 18,818 5,205 5,266 5,267 11,265 85,598 35, 349 96,070 81,378 20,657 116,406 20,328 5,165 fi,233 5, 223 10,970 85,832 36,531 00,220 79,875 20,186 O~t· ~---•••. 117,306 22,618 4,030 5, 010 4,998 10,000 86, 101 38,618 95,129 78,687 22,176

Oct: 3··----- 117,051 21,288 3,850 5, 275 5,269 11,010 85,020 37,573 95,039 79,478 22,012 Oct 4------- 11[1; 001 19,408 4,200 6,000 6,108 11,385 •84,960 36,883 115,268 78, 118 19; 733 Oct: 5------- 116,440 20,838 4,270 6,200 fl, 185 11, 130 85,428 38, 168 05,883 78,281 20,566 Oct. 7····-·- ll7, 854 23,363 4,105 6, 245 6,231 11, 125 86,316 40,733 96,651 77,121 21,203 Oct. s······- llS, 807 22,383 5,055 6,465 6, 460 11,004 86,371 39,852 97,886 78,955 20,921 Oct. o···---- 1111,015 22,235 4,870 6,555 6, 567 10,983 86,872 39,773 98,309 79,242 20,706 Oct.1o:::::: 119,690 21,535 4, 365 6,405 6,424 10,646 87.362 38,586 98,151 81,104 21,539 119,964 21,615 4,056 6,655 6,667 10,716 87,787 38,886 98,609 81,068 21,446


TABLE 16.-Daily open commitments in all wheat futures combined on the Chica 0 Board of Trade of various classes of traders within the 200,000-bushel reporti~g requi~ement, and those not within the requirement, from Jan. 2 to Dec. 31, 1936-Contmued


Reporting Reporting Reporting Aggregate oC Aggregate or

Total specula tors round lot·iob hedgers those reporting nonroportlog

open lot spreaders (small) Date commit· traders

ments Long Short Long Short Long Short Long Short Long Short --------- --- ---· --- -----------Oct. 11. _____ 120,765 21,865 4,105 6, 645 6,653 11,187 87,486 39,607 98,244 81,008 22,521 Oct. 14 ______ 121,720 21,205 4,595 6,875 6, 887 11,630 88, 450 39,710 99,932 82,010 21,7118 Oct. 15 ______ 123,637 20,005 4, 585 6,060 6,809 12, 533 90,343 39,498 101, 737 84,139 21,UOO Oct. 16 ______ 124,052 16,375 5,405 7,300 7,367 12, 953 90,537 36,718 103,309 87,334 20,743 Oct. 17 ______ 124,457 17, 165 5,065 7, 365 7, 340 13,056 90,253 37,586 102,658 86,871 21, 7llfl Oct. 18 ______ 126,313 18,085 6,705 7,479 7, 468 13, 121 89, 5fi3 38,685 103,766 ~7, 028 22,547 Oct. 19 ______ 126,325 17,830 6, 900 7, 41!9 7,461 13,696 89,592 39,015 103,953 87,310 22.372 Oct. 2L ____ 127, 177 18, 195 7,005 7, 660 7, 540 13,672 90,306 39,417 104,941 87,760 22,236 Oct. 22 ______ 127,610 17,880 6, 760 7,810 7, 846 13,746 91,135 39,436 105,741 88,174 21,860 Oct. 23 ______ 128,597 18,170 7, 360 7, 745 7,845 13,084 91,072 39, 699 106,277 88,998 22,320 Oct. 24 ______ 128, 179 18,000 7,105 7,800 7,825 14,024 91, 187 40,424 100, 117 87,755 22,062 Oct. 25 ______ 12R, 795 18,510 0, 970 7, 705 7, 701 13,601 91,609 39,816 106,280 88,979 22,615 Oct. 26 ______ 129,261 17,875 7, 060 7,900 7,903 13,510 91,749 39,285 107,312 89,006 21,039 Oct. 28 ______ 128,806 10,890 6, 030 8,226 8, 231 13,865 91,561 38,981 106,722 89,825 22,084 Oct. 29 ______ 128,324 10,010 7, 025 8, 325 8,316 13,660 91,607 37,995 106,948 90,329 21,376 Oct. 30 ______ 128,583 16,580 6,965 8,085 8,087 13,930 91,253 37,595 106,305 90,988 22,278 Oct. 3L ____ 129,458 16,846 6, 69.5 8,090 8,090 13,036 91, 275 37,871 106,060 91,587 23,308 Nov. L _____ 129,338 15,376 6,770 8,075 8,092 14,094 90,881 37,544 105,743 91,794 Zl,6U5

Nov. 2------ 129,381 15,275 6,980 8, 075 8,074 14,003 90,491 37,353 105,545 92,028 23,1!36 Nov. 4 ______ 130.046 15,505 7, 600 8,130 8,134 13,948 90,724 37,683 100,358 92, 4fi3 23,688 Nov. 6 _____ ._ 130,804 15, 130 7,325 8,120 8,122 14,318 91,433 37,568 106,880 93,236 23,024 Nov. 6 ______ 130,883 15,495 7, 600 8,110 8,110 14,332 91,772 37,937 107,382 92,946 23,501 Nov. 7 ______ 130,224 14,660 7, 385 8, 094 8,113 14,641 91,873 37,395 107, 371 92,829 22,853 Nov. 8 ______ 129,445 16,186 7,230 8,175 8,176 14,177 91,664 37,537 107,069 91,908 22,376 Nov. 9 ______ 129,404 15,290 7, 240 8,180 8,180 14,453 91,500 37,923 106,980 91,4SI 22,4:!1 Nov. 12 _____ 129,324 14,550 6,860 8,170 8,202 14,960 91,976 37,080 107,038 91,644 22.286 Nov. 13 _____ 127,974 14,465 7,405 8. 0\0 8,016 16,098 91,090 37,.563 107, 111 90,411 20,863 Nov. 14 _____ 120, 381 14,960 7,835 8,160 8,114 15,468 92,091 38,588 108,040 90,793 21,341 Nov. 15 _____ 130,835 15,895 5, 785 7, 985 7, 986 1o, 628 91,764 39,508 106,535 91,327 25,300 Nov. 16 _____ 129,906 15, 835 4,840 7, 910 7,903 15,371 90,319 39,116 103,062 90,790 26,844 Nov. 18 _____ 129, 881 15, 985 4, 625 7,856 7, 853 15, 104 90,764 38,944 103, 142 90,937 26,739 Nov. 19 _____ 129, 4R5 16,130 5,305 7, 775 7, 775 15, 133 90,803 39,038 103,883 90,447 25,002 Nov. 20 _____ 128,996 16,080 5, 656 7,695 7,694 14,787 90,422 38, 562 103,071 90,434 26,320 Nov. 21. ____ 127,654 16,610 5,540 7, 615 7,520 14, 1o7 90,130 38,282 103,190 89,272 24,31)! Nov. 22 _____ 127,239 10,960 5,415 7, 542 7, 639 13,822 90, 144 38,314 103,098 88,925 24,141 Nov. 23 _____ 120, 431 17,225 5,395 7,195 7,197 13,695 90,040 38, 115 102,632 88,316 23,7611 Nov. 25 _____ 126,465 16,805 6,820 7, 235 7,245 13,020 88,996 37,060 103,061 89,405 23,401 Nov. 26 _____ 126,585 15,796 6, 060 7,415 7,417 13, 115 88,907 36,325 102,984 90,260 23,601 Nov. 27 _____ 126,354 16,490 7,010 7,360 7,361 12,630 88,338 30,480 102,709 89,874 23,1)!! Nov. 29 _____ 125, 631 16,045 6, 670 7,205 7,203 11,570 87, 199 34,820 101,072 00,811 24,619 Nov. 30 _____ 125,097 16,655 6, 015 7, 089 7,090 11,088 86,889 34,832 99,994 90,266 25,103 Dec. 2.----- 124, 561 17,340 6,075 7, 142 7,137 11,183 86,527 35,665 99,739 88,896 24,822 Dec. a ______ 124,309 17,385 5, 970 7,180 7,174 11,038 86,512 35,603 99,656 88,706 24,002 Dec. 4 ______ 124,620 16,792 6, 365 7, 218 7,224 11,008 85,835 35,078 99,424 89,642 2ii,196 Dec. 5 ______ 124,954 16,897 6,836 7, 276 7,271 11,483 85,019 35,655 99,725 89, 2P9 25,2211 Dec. 6, _____ 125,759 17,482 7, 775 7,310 7,301 11,437 85, 587 36,229 100,063 89, 630 2ii,IJ'J6 Dec. 7, _____ 125,006 18,342 7,360 7,240 7,239 11,682 86,832 37,264 100,431 88,342 2ii,175 Dec. 9 ______ 125,682 18,130 7, 680 7, 240 7.237 11,562 85, 509 36,932 100,426 88,750 2ii,256 Dec. 10 _____ 125,769 17,545 7,225 7, 262 7,261 11,312 85,498 36, 109 09,974 89,660 2ii,795 Dec. 11 _____ 124, 291 17,377 8,456 7,376 7,372 10, 184 83,656 34,937 99,483 ~9. 354 24,808 Dec. 12 _____ 122,333 17,402 8,560 7, 520 7, 511 8,824 81,584 33,746 97,655 88,587 24,078

23,871 Dec. 13 _____ 122,303 18,660 10,280 7,466 7,483 8,169 80,603 34,264 98,426 88,039 23,336 Dec. 14 _____ 119, 037 19,342 10, 115 7, 500 7, 515 7,410 7R, 077 34,252 96,707 84,785

Dec. 16 _____ 117,770 17,612 9,970 7,665 7, 676 7,485 77,440 32,782 96,086 84,088 22,681 Dec. 17 _____ 117,500 18,307 9, 940 7,680 7,695 7,425 77,638 33,412 96,173 84,088 22,321 Dec. 18 _____ 117,251 18,761 9,800 7,445 7,460 7,107 76,828 33,313 94,088 83,938 23,103

24,(117 Dec. 19 _____ 116,557 18,739 8,010 7,386 7, 394 7, 057 76,476 33,181 92,480 83,370 23, !89 Dec. 20 _____ 116,312 19,324 8, 790 7,145 7, 156 6,929 77, 177 33,398 93,123 82,914 22,1101 Dec. 2!_ ____ 116,671 19,409 8, 780 7,100 7,102 6, 418 76,985 32,987 92,867 82,084 22,811 Dec. 23 _____ 114,864 18,489 8, 720 7, 055 7,070 6, 369 76,230 31,913 92,020 82,951 21,026 Dec. 24 _____ 114,653 19,334 9,885 7, 055 7,070 6,124 76,573 32,513 93,528 82,010 20,629 Dec. 26 _____ 113,770 19,334 9, 748 6,995 7,030 6,194 76,463 32,623 93,241 81,247 18,6111 Dec. 27 _____ 111,942 21, 142 10,750 6, 460 6,460 6, 266 76,058 33,858 93,258 78,084 18,206 Dec. 28 _____ 110,779 21,612 10,355 6,620 6,625 6, 151 75,533 34,383 92,513 76,300 10,428 Dec. ao _____ 111,578 21,547 10,450 6, 900 6,912 6,187 74,788 34,034 92,160 76,944 19,736 Dec. 3!_ ____ 110,383 20,099 9, 685 7,090 7,082 6, 702 73,880 33,891 00,647 76,492 -

WHEAT FUTURES 39

TABLE 17.-Percentage of the aggregate open commitments in wheat futures on the Chicago Board of Trade held on the last trading day of each week by various clas.ses of trarlers within the 200,000-bushel reporting requirement and those not within the requirement, from Jan. 2 to Dec. 28, 1935

Date

Reporting speculators

Repnrting round lot-job lot spreaders'

Reporting hedgers'

r Aggregate of Aggregate 0 nonreporting

those report in!! (small) traders 3


-------------------------Jan. 5 ____________ _ Jan. 12 ••••..•••••• Jan. 10 ........•... Jan. 26 ...•......•. Fob. 2 ... ----------Fob. 9 ... ----------Feb. lD .......•.... Feb. 23 .........•.. Mar. 2 •••.••••.••• Mnr. 9 ...•......•.. Mar.l6 ........••.. Mar. 23 .....•...•.. Mar. 30 .....•...... Apr. 6 •••••••••••.• Apr. 13 ......•..... Apr. 20 ...•.....•.. Apr. 27 ..........•.. May 4.. •..•••••••• Muy1L .......•.. May 18 ........... . May 25 ........... . June!.. .......... . June 8 ..........•.. Juno 15 .........••. June 22 •.•••••••••• Juno 29 ........... . July 6 .••.••..••••• July 13 .........••. July 20.-----------July 27 ........... . Aug. 3 ............ . Aug. 10 ........... . Aug. 17 .•.......... Aug. 24.. ...•.•.••• Aur,.3L ...•...... Sept. 7.. .....••••• Sept. H ........•.• Sepl. 21. __ -------Sept 28 ........•..

8:L 11::::::::::::

~:~,--m= N~~:~------------

m~:r;;HT;

11. 35 10.09 10.16 10. 08 10.31 10.50 10.23 8. 27 8.14 8. 31 8. 91 8. 57 7. 03 6. 17 8. 56 8. 42 6. 63 6. 60 5.17 5. 48 5. 12 7.09 6. 03 6. 73 7. 30

10.23 0. 00 8.15

10.68 14. 08 12.58 13. 84 11.55 13.88 13. 11 15. 09 15.03 17.47 16.12 10.82 18. 11 14.11 13.83 11.81 11.82 12. 10 13. 62 13.31 14. 60 16. 25 16.83 10.51

4. 23 3. 80 3. 51 3. 73 3. 90 3. 50 3. 76 4. 05 4. 33 5. 01 5. 94 4. 97 3. 69 4. 51 4. 00 4. 21 5. 06 7. 22 8. 43

10.25 10. 57 13.28 12.52 13. 93 12.84 11. 24 14. 60 13.43

6. 55 3. 81 4. 04 4. 82 3. 55 2. 30 2. 18 1. 77 2. 12 2. 54 4. 46 3. 48 3.40 5. 46 5. 93 5.39 5. 60 3. 72 4. 27 4. 81 5. 86 8. 50 7. 59 9.35

7. 12 7. 26 7. 33 7. 23 7. 25 7. 04 G. 96 6. 07 6. 51 6. 66 7. 21 6. 80 6. 70 6.42 6. 34 5. 72 5. 25 5. 82 5. 33 5. 43 6.10 7.86 7. 58 7. 21 7. 26 7. 28 6. 65 6. 06 6. 40 4.88 5. 41 6.19 5. 06 5.42 5. 48 3. 87 3. 77 4. 20 4. 51 5. 30 5. 50 f.. 93 6. 11 6. 24 6. 32 6. 09 5. 60 5. 67 5. 76 6. 30 6.14 5. 08

7.11 7. 25 7. 32 7. 25 7. 26 7. 05 6. 06 6. 08 6. 51 6. 67 7. 21 6. 80 6. 70 6. 42 6. 34 5. 72 5. 25 5. 82 5. 33 5. 44 6. 11 7. 72 7. 58 7. 23 7. 25 7. 34 6. 64 6. 97 6. 53 4. 89 5. 41 6. 19 5. 96 5. 42 5. 50 3. 87 3. 78 4. 19 4. 51 5. 20 5. 51 5. 91 6. 11 6. 24 6.32 6. 08 5. 69 5. 67 5. 76 6. 31 6.14 5. 98

7. 90 8. 46 8.87 8. 00 8. 09 8. 00 8. 24 8. 61 9.16 8.24 8. 09 9. 24 8.05 8.82 7. 35 7. 53 6. 81 4.84 4. 26 5. 15 4. 93 5. 88 6. 22 6. 86 8. 45 8. 40 7. 61 8.60 9.39

11.39 9. 68 7. 76 7.88 6. 29 5. 59 6. 89 7. 70 8. 54 0. 65 9. 44 9. 26

10.84 10.45 10.82 11. 17 11.83 10.83 8.86 9. 30 6. 22 5. 55 5. 55

69.80 68.86 86.45 64.48 65.30 04.35 62.57 61. 18 80.88 61.10 81.36 58.59 57.12 55.93 58.09 57.31 56.23 54.14 53.64 51.96 49. 59 46.86 44.83 44.01 42.85 47.42 45.00 42.23 48.05 52.59 58.25 60.85 62.93 67.55 71. 14 74.51 75.31 74.12 73.33 73.24 72.44 70.92 70.98 60.94 70.75 69.53 71.21 69.46 68.33 65.59 66.56 68.18

26.46 25.81 26.36 25.40 25.65 25.72 25.43 23.85 23.81 23.21 25.11 24.61 21.78 21.41 22. 25 21.67 18.60 17. 26 14.76 16.06 16. 15 20.83 20.73 20.80 23. 10 25.91 24.16 23.71 26. fi6 30.33 27.67 27.50 25.39 25.59 24. 18 26.75 27.49 30. 21 30.28 34.56 32.87 30.88 30.30 28.87 29.31 30.11 30. 14 27.84 29.66 28.77 28.52 31.04

: ~eo text for explanation or the class term used. 3 1~01bahly Includes som~ speculative trading. See text for explanation ..

e udes small speculat1ve and hedging trading. See text for explanatiOn.

81.14 70.01 77.28 75.46 76. 55 74.99 73.29 73.11 71.72 72.78 74.51 70.36 67.51 66.86 68.43 67.24 66.54 67. 18 67.40 67. 65 66.27 67.86 64.03 65.17 62.94 66.00 66.24 62.63 61. 13 61.29 68.60 71.86 72.44 75.27 78.82 80. 15 81. 21 80.85 82.30 82.01 81.35 82.29 83.02 81.57 82.67 79.33 81.17 70.94 79.95 80.40 80.29 83.51

73.54 74.19 73.64 74.60 74.35 74.28 74.57 76. 1-5 76. 10 70.79 74.89 75.39 78.22 78.59 77.75 78.33 81.31 82.74 85.24 83.94 83.85 79.17 79.27 79.20 76.90 74.09 75.84 76.20 73.44 69. 67 72.33 72.41 74.61 74.41 75.82 73. 25 72. 51 69.79 69.72 65.44 67.13 60. 12 60.61 71.13 70.60 69.89 60.88 72.16 70.34 71.23 71.48 88.98

18.86 20.00 22.72 24.54 23.45 25.01 26.71 26.89 28.28 27.22 25.49 29.64 32.49 33. 14 31.57 32.76 33.48 32.82 32.60 32.35 33.73 32.14 35.07 34.83 37.06 34.00 33.76 37.37 38.87 38.71 31.40 28. 14 27.56 24.73 21.18 10.85 18.79 19. 15 17.70 17.99 18.65 17.71 16.98 18.43 17.33 20.67 18.83 20.06 20.05 19. 60 10.71 16.49

40 STATIS'riCAL BULLETIN 54, U. 8. DEPT. OF AGRICULTURE

TABLE 18.-Comparison of the volume of trading in the vario-us wheat futures from September 1924, through December 1936, w~th the total volume of contracts settler] by notices passed, deliverie.~, and the actual amount of grain involved, on the Chicago Board of Trade

Settled by Ratio of totnlqunn.

tlty of actual delivery

'I'otal wheat d e 1 J v·

Total Open ered-quantity contracts Total quan~

sold at begin- volume tlty Future do ring ning of settled by Percent act.ual To total

life of dell very notices of tot!tl wlleat quantity 'l'o vnl-futuro month passed. Quan- quantity deliv- sold urne of

tity I sold ered during futures during lifo oi settled hy llfo of future delivery future

---- --- ---- --- ------1,000 1,000 1,000 1,000 1,000

bushels bushels bushels bu.shels bu.shels 1924 September ..•...• 1, 838,308 2 19, 578 2 34,254 12,018 o. 65 2,896 1- 635 H.15 1024 December •..•.... 2, 862,926 2 23,048 2 23,982 8, 106 ,28 4, 701 1- GOO l-1,72 1025 May _____________ 7, 7:33,848 2 23, 616 2 25,574 7, 645 .10 2, 480 1-3, 118 l-3.08 1025 July.------------ a, 173, ao7 2 21,260 2 9, 459 5, 124 .16 4, 222 1- 7fJ2 H2i 1925 September·····-- 2, 066, 221 2 19, 511 2 12, 93a 5,oao • 17 I, 700 1-1. no 1-2.05 !D25 December. ...... _ 3, 302,829 '23,182 '8,505 1, 708 .05 056 1-5, 172 1-2,00 1026 May •.....••..... 7, 405,083 a7, 678

~1 2, 725 '04

j!l ---------- --~---···· 1026 July _____________ a, 235, 225 a7, 231 1, 789 • 06 ---------- ----------

1026 September------- 1, 057, 725 21,843 0,466 .48 ---------- ---------· 1926 December ____ .... 2, 602,906 24,450 6, 723 .26 ') ---------- ------···· 1927 May _____________ 3, 845,526 23, 618 (' 5, 720 . 15 2,003 1-1,020 1-2,86 1027 July ... ---------- 1, 009,061 26, 5:n

~:l 6, 8-35 .35 (<) ---------- ----------

1927 September ....... 1, 897, 730 19,710 12,826 .68

11

---------- ----------1027 December ........ 2, 250,261 25, 100 10,888 .48 ---------- ---------· 1928 March ........... 328,045 7,a77 (' 2,306 . 70 ---------- ----------1028 May ............. 1, 021,480 10, aoo

I!! 7, 651 ,40 ---------- -------···

1028 July------------- 2, 413, a83 16, 107 15, 286 .6a ---------- --------·· 1928 September ....... 1, 024, 704 18, 868 4, 002 '25 !l ---------- ----------1028 December ........ 2, 215,670 28,146 7, 581 .34 ---------- ---------· 1020 March ........... 212, 125 5, 026 3) 6, 681 3, 15

1l! ---------- ---------·

1029 May ............. a, 176,450 18, 724

!l 21, 300 .67 ---------- -------···

!920July ............. 2, 203,790 12, 608 11,072 '54 ---------- ---------· 1020 Septem her_ •. _ ... 2, 678,200 18,368 11,371 . 42 ---------- -----····· 1020 December •..•.•.. 4, 010, 162 26,370 ') 22, 116 '45

Ill ---------- ------····

1030 March ........... 381,647 6,674 !l 7,004 1.84 ---------- ---------· 1030 Mr1y •...•••...••• 5, 534,84.3 32,574 1a, 864 '25 ---------- ----------1030 July_-----------· 2, 747, 105 14,082 ') fi, la7 . 10 ---------- -------··· 19aO September. ...... 2, a9I, fJOO 13,948 ') 10, 344 .43 ---------- ----i~i~4i 1030 December. •...... 3,170, no 28, 536 :l 8, 600 '27 5, 817 1- 645 1031 March_ .......... 2()1, 617 10,018 0, a56 3.58 8, 222 1- 32 1-LH 1031 May ............. 1, 501,456 51, 127 (') 5, 430 . a5 5, 278 1- 296 1-1.03 1081 July ............. 1, 638,851 17, 711 l:j 2, 349 .14 1, 021 1-1,011 HAS !931September ....... I, 324,414 !3, sno 2, 745 • 21 589 1-2, 240 H.06

1031 December ........ 1, 205, 740 8, 745 ') 064 '06 3aO 1-3,589 I-LOS

1032 March ........... 51, 832 2,478 :l 2,677 5, 10 1, 705 1- 29 H.19 19:!2 May _____________ 4, 04fl, 177 12, 207 8,4a9 '21 2,008 1-1, aol 1-2,90 1032-JuJy _____________ 2, 034,226 !:l, 108 (') 1a, 375 .00 1, aso 1- 403 i-3,05 1032 September.. _____ I, 251,015 u, 700

r o,aou . 75 5, 070 1- 247 i-L&I

19:!2 December ........ 2, 140,011 13,000 !l 7, 840 . 37 2, 520 1- 840 1-3,10 1933 May _____________ 2, 000, a10 10,464 8, 712 .44 a, 100 1- 528 1-2,30

toaa July------------- 1, gg:J, 402 o, 364 !l 2,142 .12 1, 820 1-1,005 1-L31

1033 September. ...... 3, 125, 618 5, 721 4,448 . 14 I, 807 1-1, no 1-2.-10 J-3,0i

10a3 December ........ 2, :!62, 000 0,4GO

/!I 4,157 • 10 1, Z:l3 1-1,010

H.IIO 1934 May _____________ 2, 847,700 12,044 2,452 .oo I, 360 1-2, 00·1 1-3,63 10a4 July _____________ 1, 455, 908 o,oao (' 3, 702 .20 1, 046 1-1,302 1-L81

10a4 September ....... I, 703, 104 10,845 1: 0, 04a ,34 a, 221 1- 656 HJ.21

1034 December. ....... 1, 878,248 14,202 9, 208 '50 1, 484 1-1,265 J-5,80 1035 May ............. 2, a22, 065 17,417 (') 11,087 .52 2,044 1-1, 136 HL89 19:!5 July ......... ---- 1, 288,043 12,520 1:l 5,619 -44 473 1-2, 727 1- 5,14 1935 September. ...... 1, 470,675 10,454 5, 208 ,36 023 1-1, 59:! 1· J,53 1035 December ........ 1, 903,648 19,300 (3 4,069 . 21 2,647 1- 710

t This column shows tbe quantity settled by delivery and paid for, whereas the figures In tho 1°11!1f;a~ the left, giving the volume settled by notices passed, show the amount settled by delivery bu no for, the notices being passed on to others, 0 co

2 The larger volume of contracts settled by notices passed as compared to tho amount of cor:}~~~ ogeo at the beginning of the delivery month Is due to the fact that additional contracts made an e during the delivery month were also settled by not-Ices passed.

'Passing of notices was discontinued Jan, 6, 1026, when tho now clearing house began to function. • Quantity of actual wheat Involved in the delivery not known,

WHEAT FU'f URES 41

TABLE 19.-Variations in daily volume of trading in all wheat futures combined on the Chicago Board OJ Trade, showing the nu.mber and percentage of days on which the varying volumes occu.rred for the period Jan. 3, 1921, to Dec. 31, 1935

Volume ol trading

MUiion bv-tM/8 Under 6 1----------------6 to !0.------------------

Days

Number Percent 7 0.10

160 3. 09 345 7. 07 499 11. 10 520 11.76 407 11.05 405 u. OJ 430 0. 56 341 7. 58 290 o. 58 233 5.18 167 3. 71 144 3. 20 93 2. 07 79 1. 76 47 1. 05

Cumulative

percentage

Volume ol trading Days

Mitlion bWJhe/8 Number Percent 90 to 95__________________ 18 0. 40 95 to JOO_________________ 9 • 20 100 to 105________________ 5 . l1 105 to uo________________ 9 . 20 110 to 115________________ 5 • 11 115 to 120---------------- 3 . 07 120 to 125 ________________ -------- --------125 to 130________________ 4 . 09 130 to 135________________ 2 • 04 135 to 140________________ I . 02 140 to 145________________ 2 .05 145 to 150________________ 2 .05 150 to 155 ________________ -------- --------155 to 160________________ 1 .02 160tol65'-------------- I .02

Cumulative

percentage

09.02 90.22 U9.33 90.53 90.64 00.71 99.71 09.80 99.84 90.86 w. 91 99.96 90.06 99.98

100.00

!0 to 16.-----------------16 to 20------------------20 to 25..----------------2-1 to 30------------------30 to 36..----------------36 to 40.-----------------40 to 46..----------------45 to 60.-----------------60 to 65...---------------65 to 00..----------------00 toOL----------------05 to 70------------------70 to 75...---------------75 to 80..----------------80 to 8"------------------85 to 00------------------

39 .87

0.16 3. 85

11.52 22.62 34.38 45.43 56.44 00.00 73.58 80.16 85.34 80.05 02. 25 04.32 06.08 07. 13 98.00 98.02

TotaL____________ 4, 497 100.00 --------28 • 02

I '!'he smallest volume of trading was 1,202,000 bushels on Monday, Aug. 11, 1933. 'Tho largest volume of trading was 103,099,000 bushels on Thursday, July 20, 1933.

TABLE 20.-0pen commitments (1 side only) on the Minneapolis Chamber of Commerce in the May, July, September, and December wheat futures at the end of each week, Jan. 7, 1933, to Dec. 28, 1935

[In thousand bushels,!. e., 000 omitted]

Weekended-

1933

May future

20, 189 19,075 18,788 18,229 17,997 17,407 17, 194 10,262 14,603 14,603 14,290 12,749 ll, 008 9, 317 7, 061 3,846 I, 274

363 185 134

July September December All futures future future future combined

911 2,425 3,035 3, 089 3,892 4,825 5, 279 6, 851 8, 320 8,320 8, 427 8,893 9, 275 8, 624 8, 713

lO,tH2 11,603 11, 401 10,093 10, 183 9, 267 8,080 5, 948 3, 929 2, 406

552 364 244

------------------------------------------------

12 72

105 181 883 883

1,054 I, 997 2,427 5, 229 6,973 8, 272 9, 793

11,071 11,984 12,401 12,929 13,819 16, 181 18,435 20,0i2 19,866 18,784 17,701 16, 652 14,792 12,647 11,070 8,020 5, 975

722

------------ 21, 100 ------------ 21,500 ------------ 21,823 ------------ 21,918 ------------ 21,901 ------------ 22,304 ------------ 22,578 ------------ 23,294 ------------ 23,806 ------------ 23,806 ------------ 23,771 ------------ 23,639 ------------ 23,370 ------------ 23, 170 ------------ 22,747 __________ ,._ 22,760 ------------ 22,670 ------------ 22,835 ------------ 23, 162 ------------ 22,718

27 22,260 57 21, 956

184 22, 313 1, 595 23,959 2, 401 24,810 4, 529 24,947 5,822 24,970 7, 254 25,259 8,427 25,224 9, 864 24,680

11,741 24,388 14, 129 25,205 17,052 26, 101 19, 176 20,026 20, OBI 23,029

IF -----------------------holid~~res are for Mar. 3. The exchange was closed Mar. 4 to Mar. 15, 1933, inclusive, due to the bank

' Figures are for July 20. The exchange was closed on July 21 and July 22, 1933.

92 21,819 23,704


TABLE 20.-0pen commitments (1 side only) on the Minneapolis Chamber of Commerce in the May, July, September, and December wheat futures at the end of each week, Jan. 7, 1933, to Dec. 28, 1935-Continued

[In thousand bushels, l. e., 000 omitted]

Weekended-

1933 Sept. 16 .•.....• _______ •. ______ •• ___ • _. ___ _ Sept. za __________________________________ _

Sept. ao ....... ----------------------- ____ _ Oct. 7------------------------------------Oct. 14------------------------------------0ct. 21. ••.•. -----------------------------Oct. 28 ...•.. -----------------------------Nov. 4-----------------------------------Nov. 10----------------------------------Nov.18 .................•........•........ Nov. 25 ............. -------------------- .• Dec. 2 •• ---------------------------------Dec. 9 .• ---------------------------------Dec. 10 .•. --------------------------------Dec. 22 .. ____ -----------------------------Dec. 30. ______ ----------------------------

1034

May future

a,892 4, 906 O,Or4 0, 920 7, 919 8,633 0, 684

10,604 12,710 15,023 18, 150 20,170 19,691 19,922 10,503 10,314

Jan. 6------------------------------------- 19,277 Jan. 13____________________________________ 18,781 Jan. 20____________________________________ 17,028 Jan. 21------------------------------------ 17,118 Feb. 3------------------------------------ 10,508 Feb. 10.---------------------------------- 15,063 Feb. 17 _ ------------------------------ ____ 15,456 Feb. 24 .. --------------------------------- 14,043 Mar. 3------------------------------------ 13,167 Mar. 10___________________________________ 12,301 Mar. 17----------------------------------- 11,607 Mar. 24----------------------------------- 11,2.18 Mar. aL__________________________________ 10,524 Apr. 7.----------------------------------- 9, 002 Apr. 14 .. --------------------------------- 8, 127 Apr. 21.__________________________________ 5,166 Apr. 28----------------------------------- 2,125 May 5------------------------------------ 711 May 12·---------------------------------- 282 May 19___________________________________ 102 May 26----------------------------------- 70 June 2.----------------------------------- -----------June 0.----------------------------------- ---------- __ June 16 .. ____ . _______ . ______ .. ____________ . ______ .....

June 23.---------------------------------- ------------June ao _____________________________ ------ ------------July 7. __________ -------------------------- ------------July 14 ____________________________ . ______ • ___________ . July 21. ...... ____________ . _______________ • ________ . __ . July 28------------------------------------ ----------- _ Aug. 4------------------------------------ 752 Aug. Jl___________________________________ 2, 241

Aug. 18----------------------------------- a, 041 Aug. 25----------------------------------- 4, 253 Sept. L---------------------------------- 5,005 Sept. 8------------------------------------ 6, 048 Sept. 15 _____________ ---------------------- 7, 042 Sept. 22----------------------------------- 7, 450 Sept. 20.. __ . __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ 7, 715

Oct. 6------------------------------------- 7, 039 Oct. 13·----------------------------------- 8, 264 Oct. 20-------------------------------- ____ 8, 607 Oct. 27·----------------------------------- 8, 905 Nov. a____________________________________ 0, 203 Nov. 10___________________________________ 9, 371 Nov. 17___________________________________ 9, 825 Nov. 24----------------------------------- 10, a34 Dec. L --------------------------------- __ 11,626 Dec. 8------------------------------------ 11,836 Dec. 15___________________________________ 11,655 Dec. 22.------------------------------ ____ 11,672 Dec. 20___________________________________ 11,200

19a5 Jan. 5----------·--------- -----------------Jan. 12-------------------------------- __ __ Jan. 19 ___ . ____ ... _____________ .• ___ • ____ __

Jan. 26 ...... ------------------ .. ----------

11,047 10,282 9,024 9, 667

July future

11 16 92

143 434 778 052

1, 117 1, 582 1,874

2,107 2,805 3,415 a, no 4,051 4, 561 4, 586 4, oao 5,042 5, 6a4 6,a23 6,452 6,681 0, 991 7, 507 7, 986 9, ooa 9, 717 8, 789 8, 258 7, 727 6, 520 5,183 4, 243 3, 332 1, 946

070 251 216 82

23 312 572 607 760 800

9a2 1, 048 1, 086 1, 234

September December All futures future future combined

21 6

22, 177 21,702 21,083 20,328 19,616 17,190 15,630 14, 249 12,862 9,877 5, 723

538 a6a 215

61

--------i45' :::::::::::: 220 ------------263 ------------279 -- ----------318 ------------344 ------------476 ------------571 ------------683 ------------056 ------------

1,048 ------------1,144 ------------1,780 ------------3,008 ------------3,741 ------------4,244 ------------4,439 ------------5,480 ------------7,818 ------------9,029 ------------9,617 ------------

10, 643 11,495 11,639 10,990 10,519 10,401 9,316 7, 517 5, 775 4,414 2, 728 1, 859 1, 497

422

5

-------"iii' 325

1, 041 2,068 3, 235 4, 406 5, 783 7,027 8,039 0, 444 9, 387 9, Of>5 8, 643 8, 250 7, 208 6, 093 6, 764 6, 321 5, 703 4,910 4, 291 3, 716 1, 044

663 463 181

66

32 ------------59 ------------71 ------------

213,090 26,704 27,097 'li,'IJJ7 27,636 25,823 25,334 24,869 2f>,IJn 25,114:! 24,307 21,186 21,006 21,254 21,236 21,1118

21,384 21,676 21,343 20,003 20,878 20,787 zo,a21 18,901 18,5.).1 18,171 18,Mil 18,37.1 18,101 17,731 10,778 14,032 14,136 14,1fo9 13,316 12,8511 13,2fill 14,338 11,212 13,8fA 13,076 13,W2 12,934 12,282 12,7113 13,718 14,474 16,541 15,843 16,706 17,')1;1 17,2111 17, 69~ Jn,615 15,0G5 16,147 16.~17 16,371 16,286 14,11116 14,21111 14,ll6 14,073 13,682 13,071 12,816 12,613 12,174

JJ,984 J1,362 JI,069 10,012

WHEAT FUTURES 43

TABLE 20.-0pen commitmenta (1 side only) on the Minneapolis Chamber of Commerce in the May, July, September, and December wheat futurea at the end of each week, Jan. 7, 1.983, to Dec. 28, 1935-Continued

[In thousand bushels, I. e., 000 omitted]

Weekended-

1935

May future

Feb. 2- _ ---------------------- ----·------- 9, 409 Feb. 9------------------------------------ 9,172 J<'eh. W---------------------------------·- 8, 990 F'oh. 23----------------------------------- 8, 792 Mar. 2------------------------------------ 8, 677 Mar. 9------------------------------------ 8, 446 Mar. HL---------------------------------- 8, 058 Mar. 2L----------------------------·---- 7, 711 Mar. :JQ ______ ----- __ -- _--- ---------------- 7, 588 Apr."------------------------------------ 7,174 Apr. I:J __ --------------------------------- 5, 514 Apr. 20----------------------------------- 5, 036 Apr. 27.---------------------------------- 3,483 May 4------------------------------------ 2, 382 May 1L---------------------------------- 1, 272 May 18----------------------------------- 1,017 May 25 _____________ -- __ ------ _- -------- _- 542 June L __ ----- _--- ------------------------ -----------Juno 8. _ ------ _--- ------------------------ ------------June 15 .. ____________________________________________ _ June 22 ______________________________________________ _ Juno 29 _____ ------ ______ ----- ________________________ _ July 6- _______ ------ ______________ -- __ -- _- ___________ _ July 13 ________________________________ --- ___________ _ July 20 ________ ------- _______________________________ _ July 27 _- _______ ---------------------- ---- ------------Aug. 3. ----- __ ___ _ _ _ __ _ _ __ __ __ __ _ _ _ _ __ __ _ _ 60 Aug.lO___________________________________ 595 Aug. 17----------------------------------- 1, 060

July future

1, 316 1, 363 1, 376 1, 386 1, 784 1, 941 2,026 2, 231 2,408 2, 584 3, 134 3, 644 3, 826 4, 005 4, 097 4,164 4, 266 4, 321 3, 991 3, 705 3, 500 3, 048 2, 308 1, 684

750 343

------------------------------------------------------------------------------------------------------------

310 395 .5!3 516 466 455 509 478 578 680 820 857 904


82 ------------ 10,806 82 ------------ 10,607 87 ------------ 10,463

118 ------------ 10,296 148 ------------ 10,609 161 ------------ 10,548 192 ------------ 10,276 278 ------------ 10,220 459 ------------ 10,455 620 ------------ 10,378 869 ------------ 9, 517

1,228 ------------ 9, 908 2, 230 ----------5- 9, 539 2,400 8,912 2,857 60 8,286 3, 209 112 8,502 3, 365 221 8, 396 3, 608 389 8, 318 3, 788 445 8,224 3, 966 550 8, 221 4, 341 806 8, 706 5, Oil 1, 091 9,160 5,408 1, 224 8, 940 4,894 1, 3II 7,889 5,007 2, 295 8,052 6, 930 2, 663 8, 936 5,821 2, 825 8, 706 5, 32.3 3, 277 9, 195 5,110 3, 617 9, 787 4, 435 4, 760 10,836 2, 593 6, 401 10,601 1,823 5, 024 10,236 I, 633 5, 940 10,233 1, 150 6, 063 11,112

981 7, 262 11,831 ------------ 7, 811 12,409 ------------ 7, 627 12,504 ------------ 6, 947 12, 104 ------------ 6, 191 11,426 ------------ 6, 514 10, 958 ------------ 5, 238 11, 105 ------------ 4, 247 10, 787 ------------ 3, 478 10,633 ------------ 2, 22,'l 10, 061 ------------ I, 881 9,600 ------------ 295 8,573 ------------ 173 8, 522 ------------ 32 8,445

TA.BL1~ 21.-0pen commitments (1 side only) on the Kansas City Board of Trade m tlhe May, July, September, and December wheat futures at the end of each weec, Jan. 7, 1933, to Dec. 28, 1935

-Week ended-

-

[In thousand bushels, I. c., 000 omitted]

May future

27,760 27,709 27,736 27, 531 27, 122 25,093 23,390 23,048 22,366 22, 366

July future

4, 606 4,627 4, 632 4, 825 6, 038 5, 940 6, 680 0, 770

10, 044 10, 044


92 ------------ 32,467 121 ------------ 32,457 200 ------------ 32, 658 503 ------------ 32,859

1, 500 ------------ 33,600 2, 406

---~--------33,448

2,452 ___ ,. ________ 32,531 2, 688

------~-----35,515

2,864 ------------ 35,274 2,864

______ .., _____ 35,274

44 STATISTICAL BULLETIN 54, U. 8. DEPT, OF li.GRICUU£URE

TABLE 21.-0pen commitments (1 side only) on the Kansas City Board of Trade in the May, July, September, and December wheat futures at the end of each week Jan. 7, 1933, to Dec. 28, 1935-Continued '


Weekended- May future

July September December All futures future future future corublueu

1933 Mar. 18 .. --------------------------------- 20,201 Mar. 25.---------------------------------- 17,493 Apr. L. _ ... _____ . ____ . ---- __ -------- __ --. 15, 502 Apr. 8. ________________________________ --- ll, 596 Apr. 15. _ _ _ _ __ __ _ ___ ____ _ __ _ __ __ __ __ __ _ _ _ _ 8, 876 Apr. 22. _ _ _ _ _ _ _ __ _ _ _ __ __ __ _ _ __ __ __ __ __ __ __ 4, 911 Apr. 29. _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ 2, 526 May().___________________________________ 551 May 1:L--------------------------------- 241 May 20.---------------------------------- 10H May 21 .. --------------------------------- 35 June 3. _. -- ____ --------- ------ -- ---------- ------------June 10. ______ -- _______ • __ -- __ --- --------. ------------June 17 ________ ------ _______________ • ________________ _

June 24 ...•. ------------------------------ ----------·-July!____________________________________ 447 July 8 .• _ ------------------- ........ ____ __ 1, :n2 July 15 ....... _ .... _ ...... ____________ .... 1, 052 July 22 ....... __ -------------------------- 2, 024 July 20. __ . ____________ . __ . _____ . ___ . ___ -- 3, 083

Aug. 5------------------------------------ 3, 503 Aug. 12 .. --------------------------------- 3, 486 Aug. 19___________________________________ :J, 591 Aug. 21J.__________________________________ 4, 035

~~gt: &:::::::::::::::::::::::::::::::::::: ri: ~g Sept. tn___________________________________ 6, 086

Sept. 2a----------------------------------- 0, :J57 Sept. 30.---------------·-----------------· 6, 738 Oct. 7 .••. --------------------------------- 6, 929 Oct. 11 ... --------------------------------- 7, 043 Oct. 21. ......... _ ... _____ . _. _ .. _ .. __ .... _. 8, 468 Oct. 28 ... -------------------------------- 9, 310 Nov. 4 ... _______ . _____ . ___ -- ____ . ____ ... _ _ 10, 002 Nov. 1 0 .. ________ .. _ .. ______ . __ .... ___ . --- 11, 401 Nov. 18----------------------------------- 14,145 Nov. 25----------------------------------- 15,440 Dec. 2 ..• _. _. _. ________ • ____ . _. _____ .. _... 17, 916

Dec. g __ ---------------------------------- 18,592 Dec. JR. _________________ • ___ • ______ . ____ . 18, 594

Dec. 22 ....... ---------------------------- 1R, 638 Dec. 30 .. --------------------------------- 18,283

1034

9, 900 10,205 11, 045 11, :Jl:J 1!, 224 12,682 12,482 12, :ll5 11,878 11,474 10,272 9, 784 8, 227 0,822 4, :l43

812 :324 235

98 26

13 43

305 447 449 518 0:34

1,143 1, 947 2,104 2,193 2,174 2, 255

Jan. 6------------------------------------- 17,859 2, 363 Jan. 13 .. ·--------------------------------- 17,090 2, 507 Jan. 20 .. ·--------------------------------- 17,801 2, 714 Jan. 27 .... -------------------------------- 17,731 2, RIO Feb. 3 .. _ --------------------------------- 17,572 3, 013 Feb. 10 .. --------------------------------- 17,389 3,174 Feb. 17 ... -------------------------------- 17,588 3,119 Feb. 24. ______________ . _. ___ ...... ___ ... _. 17, 584 3, 033

Mar. 3 ... --------------------------------- 17,512 3, 298 Mar. 10 ... -------------------------------- 1B,B8B 3, 712 Mar. 17·---------------------------------- 15,Bl5 3,940 Mar. 24 .... ___ --- ______ ----- ___ • __ • _ ... _ _ _ 14, 914 4, 301 Mar. 31.__________________________________ 14,374 4, 754 Apr. 7 .. ______ • ____ ... ___ • ___ .. _ .. ___ • __ .. 13, 21 o 5, :l7o Apr. 14----------------------------------- 11,703 o, 152 Apr. 21. .... ------------------------------ 8,301 7,441 Apr. 28 ..... ------------------------------ 5,626 0,077 May 5 .. ---------------------------------- 673 10,062 May 12 .. --------------------------------- 251 10,554 May 10 ..... ------------------------------ 103 10,174 May 26----------------------------------- 46 9,fi07 .June 2 ... --------------------------------- ------------ 8,493 .June 9 .. ---------------------------------- ------------ 6,081 ~ne 16 ... -------------------------------- ------------ 4,fi85 June 23 ... -------------------------------- ------------ 3,102 June 30 ... -------------------------------- ------------ 1,174 July 1------------------------------------ ------------ 656 July 14------------------------------------ ------------ 459 July 21. ___________________________________ ------------ 201

July 28------------------------------------ 27 118 Aug. 4 •. ---------------------------------- 2, 257 ------------Aug. 11--------------·-------------------- 3, 797 ------------

3, 110 3, 620 4, 201 5,85fl 7, 633 0, 808

10,056 10,850 11' 044 11,618 11' 802 12, 031 1:3, 111 ):J, 381 13,448 Hi, 743 13,928 12,822 11,088 0, 372 8, 353 7,543 6, 720 4, 471

400 277 1.10 41

1 1 1 1 2

52 107 107 11> 148 153 163 190 269 770

1, 270 1, 893 2, 021 3, 301 3,063 4,487 5,893 7,982 8, 724 9, 574

11,093 11,100 10,936 10,872 9, 929 8,693 7,505

105 r,:Jo

1, 007 l, 477 2, 340 :J, 213 5, HH 7, 786

10, 530 1:J, 221 14, :J40 16,1101 19,570 17,455 17,585 17,870 18,784 18,006 20, 037 20,083 20,405 20,100 20,020 18,805 18,.578 14,647 13,420 12, ma 11, 331 7, 4JJ6 5, 826

400 1i2

41 6

-------------------------------------------------------------------- ..... --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ·-----?.7"

231 520

1, 425 3, 582 4, 858 7, 047

10,501 12,687 12, 779 13,314

33, 28ij 31,417 30,8:!8 21!, 7ij.l 27, J:J3 27,391 2.\,8~J ~N,2ij5 21,1711 24,G77 2'1, FJ:iu 25,11.18 21),499 27,1189 21!,:l2J 31,2Zl 29, UJ:l a2, ooo :J3, :WI 2\J,IJ:ifi 29,441 28,91~ 21!,11JI 27,.102 20,1108 20, lfi5 20, MO 26,£G7 20,768 25,747 2.\,0M 2:J,121J Z:l,177 23, OM 23,260 22,275 22,400 20,2M 211,8f~ 20,821 20,818 20,538

20,221 211,108 20,516 211,.\42 20,fi87 20,01-i 20,814 20,724 20,021 20,616 19,708 10,468 )9,327 18,878 18,631 17,111 10,.106 1V1'1 H, 196 ]<1,240 J.1,040 1-!,423 H.2W 13,8W 14,101 15,1140 10,074 18,4lZ 21,6lll 22,761 23,7W 24,616

WHEAT FUTURES 45

TAHElB 21.-0pen commitments (1 side only) on the Kansas City Board of Trade in the Mny, July, September, and December wheat futures at the end of each week, Jan. 7, 19."33, to Dec. 28, 1935-Continued


Weekended-Me.y

future July September December All futures

future future future combined

1034 Aug. 18.---------------------------------Aug. 25. -~----- --------------------------SepL. L ------------ ---------------------Sept. L .. -------------------------------Sept. l!J. ---------------------------------Sept. 22...-------------------------------Sept. 29... _-- ----------------------------Oct. 6.. ... ---- ---------------------------Oct. 13.. .. -------- --------------- --------Oct. 20 ...... -----------------------------Oct. 27'------ ----------------------------Nov. 3..----------------------------------Nov. JO _____ ---- --------------------------Nov. 17 _________ --- __ --- _________________ _ Nov. 2L- ___ -- __ ---- __ --- _______________ _ Dec. L _. __ -- __ -------- ______ --- ________ __ Dec. 8. -- ____ -- ----------- _____ -- ________ _ )JHr:. 1.\.----------------- -----------------Dec. 22. _______ -------- __________________ _ Dec. 2V. ---------- ____ --- ________________ _

1035

3,982 5,058 6, 02.\ 0,034 9,833

10,352 10,660 10,601 10, 769 11,051 11, 221 11, 401 12,060 13,509 14,481 15,379 15,412 1.\, 457 15,056 15,327

87 251 398 510 561 811

1, 424 1, 953 2,055 2,360 2, 707 2, 856 3, 767 4, 2.\5

Jan. 5..----------------------------------- 15,244 4, 840 Jan. 12.. .. _______________ --- ___ -------- __ _ 14, 541 4, 936 Jan. 19------------------------------------ 13,508 4, 883 Jnn. 2/L---------------------------------- 13,567 4, 958 Feb. 2 .. __ ____ _ __ ____ __ _ __ __ _ __ _ __ __ __ __ __ 13, 339 5, 012 Feb. 0. __ -------- __ ____ __ ___ __ __ _ _ __ _ ___ _ _ 12, 694 5, 038 Jo'ch. HL ___ __ __ _ __ __ __ __ __ __ __ _ _ _ __ __ __ __ 12, 134 5, 072 Feb. 2.3 .. _ ____ __ ____ __ __ __ __ __ __ _ ____ __ _ __ 11, 626 5, 350 Mar. 2..---------------------------------- 11,205 5, 502 Mar. o____________________________ _____ ___ 10, 845 5, 607 Mar. 16.__ __ __ _______ __ __ __ __ __ _ _ __ __ _ _ _ __ 10, 386 5, 600 Mar. 2:L__________________________________ 9,573 6,016 Mar. ao________ __ __ __ __ ______ __ __ _ __ __ __ _ 8, 860 6, 040 Apr. B------------------------------------ 8, 002 5, 753

~~ ~~\: ::: :ll::: ~:::::::::::::::\ t ~ t m ~~~~ 1~~~::::::::::::::::::::::::::::::::: :::::::::::: !: m June 20 __ --------- ------------------------ ------------ g: ~~J

t~J~ ~:~D~~::iimi:ii~m~~~~~~~~~~i~~ ~~~~~~~~~li~ i: m Au~: 1i1::--------------------------------- 644 ------------

1,314 1, 854 2,050 3, 003 4, 408 5, 290 5, 078 6, :J22 6, 277 6, 729 7,427 8,008 8, 631 8, 551 0,308 0, 531

10,201 11,115 11,662 11, 012 11,713

304 380 571 620 726 807

1, 021 1, 064 1, 204 1, 313 1, 563 1, 643 1, 570

6,048 4, 935

718 570 190 102

2.\ 30 36 53 52

134 326 314 417 li35 652 661

1,158 2, 265 3, 497 4, 150 4,123 5, 020 5,050 6, 738 6, P07 6,422 6,683 7, 142 7, 777 8,652 0,485

10,023 0, 918 8,623 6, 022 5, 702 4, 277

980 5R7 2.\5

18

13,236 14,040 15,247 14, 147 12,980 12, 738 12,476 11,293 11, 131 10,847 10,384 0,254 7,600 6, 283 4,868 2,318 I, 253

642 448 267

8 88

340 1, 219 1, 906 2,076 4, 136 5, 317 6, 296 6, 947 7, 861 8, 210 8,903 0, 426 0, 4R4 0, 115 9, 212 0,532 8,820 8,220 7,873 6,029 6,113 5,191 4, 262 3,008 1, 309

805 288

6

23,266 24,033 22,890. 23,751 23, 012' 23, 192' 23,223 22, 20& 22,298 22,40S 22, 16& 21, 461> 21, 171 21, 745 21,404 20,006 10, 372 18,055 19,270 19,849

20, OR4 19,477 1R,506 18, 555 18, 387 17,785 17, 258 17, 116 17, 123 16, 766 w, 412 16,124 16,552 14,506 13,408 14, 528 15,651 14, 702 13, 003 15,289 14,490 15, 013 1!>, 126 14,854 16,300 17,680 18,036 15,0R7 10,202 15,939 16,858 16, 8R4 16, 637 16, 571 17,083 14,874 15,370 15,348 15,552 16, 113 15,929 16, 218 16,600 16, 286 15,501 15,520 14,857 14, 413 13,827 14,000 13,843 13,295


TABLE 22.-Highest and lowest prices paid for wheat futures on the Chicago Board of Trade from Jan. :e, 1877, to Dec. 31, 1935 I

Lowest Future price per Date low

bushel was made

May wheat ••••••••• _ •• __ ._ ••• --•••• _ ••• _ •••• _ •••••• July wheat. __ •• ------------------------------------

$3. 25 May 11, 1917 2. 76 May 12, 1917 2.46 ••••• do •••••• 2. 75 July 15, 1920

$0. 43).( Dec. 28, lllil2 .43% Do.

September wheat ••••• , •••••••. --------------- _____ _ December wheat •• ---------------------------------

. 44% Sop~. 30, 1031

. 4131 Nov. 26,1032

'No complete record of future transactions available prior to 1877. From August 27, 1917, to July 14 1920, on account of the World War trading In wheat futures W!l9 suspended. '

TABLE 23.---,Days on which the price of wheat futures on the Chicago Board of Trade advanced or declined to the limit permittea for the day or reached the pegged rrr minimum price allowed to be paid for the future from Mar. 16, 1933, to Dec. 31, 19351

Date limit or pegged price W!l9 reached

1933

Future High of limit

Low of limit

Pegged or minimum price al· lowed to be paid

Mar. 16-------------------- 1933 JulY•----------------------------- . 53:%------------ -------·····

11933 MaY----------------------------- $0.53:%------------ ••••.•......

~~g~ ~~r;~~~-e_r_-::::::::::::::::::::::: _______ :~~-- :::::::::::: -----iii:oo--July 24-------·-----··-···· ~~g~ ~f!O:~eO::::::::::::::::::::::::: :::::::::::: :::::::::::: ::~%

1934 MaY----------------------------------------------------- 1.00 ~~~~ ~:::::::::::::::::::: mg f:f;&imber:::::::::::::::::::::::: ---··-rio%:::::::::::: ....... :~ .. July 2B-----·-·--·-···--·-- 1933 Beptembber .. ---------------------- ------------ 11.o025tl------------{

1933 JulY------------------------------ ------------ $0.991 ........... .

1933 Decem er.----------------------- ------------ . ;:~ -----------· 1934 May----------------------------- ------------ 1. 09% ." ......... ..

July 29 1933 Beptemher.----------------------- ------------ . 97Ys .......... .. {1933 JulY------------------------------ ------------ • 94 ........... .

-------------------- }g~ E:~r;~~~~:::::::::::::::::::::::: :::::::::::: t ~~ :::::::::::: {1933 September------------------------ ------------ • 92Ys ------------

July 31..------------------ 1933 December------------------------ ------------ . 95~ .......... ..

Aug. ~.____________________ tl~ ~if:~~~~m~~~~~~~~~~~~~~~~~~ ------i]iH ~~~~~~~m~ ~~m~~~~~~~ Aug. 2--------------------- 1933 December------------------------ 1. 05~ ------------ .......... ..

Aug. 11-------------------- i!~ tiLe:~~::::::::::::::::::::::: ::::::~=~~:~ -------:~~~ :::::::::::: 1934 May .. --------------------------- ------------ 1. 02% ------""92ii 1933 September ........................ ------------ ------------ :o6~

Aug. 12-------------------- iii! We~r:~~:=_::::::::::::::::::::::: :::::::::::: :::::::::::: :~:a Aug. 14-------------------- 1933 December .. ---------------------- ------------ ------------ .oo~

~~ra re~rember.~:::::::::::::::::::::: :::::::::::: :::::::::::: : ~~~ ...... __ . ---------------- r· D------------------------ ------------ ------------ . -~

Aug. 18.------------------

Aug. 29--------------------

. 1933 ~ptem~er------------------------ ------------ · gb~ :::::: ...... Sept. 2L----------------- ~~~~ M~r;~-~~:::::::::::::::::::::::: :::::::::::: ; 95 ~ ----------··

' Bee text for explanation o! iimlts and pegged prices. No limits In rorce during Mar. 18 to JulY 20• 1933'

WHEAT FUTURES 47

TAllIE 23.-Days on which the price of wheatjutures on the Chicago Board of Trade ad~~nced or declined to the limit permitte for the day or reached the pegged or minimum price allowed to be paid for the future from Mar. 16, 1933, to Dec. 81, 1.9.:'15-Continued

!Jato limit or pegged price was reached

Future High or limit

Low or limit

Pegged or minimum price allowed to be paid

l!J33 poa3 December.----------------------------------- $0. 7SY8 ------------

Oct. 13...----------------- t}m ~~!~£~i:::::::::::::::::::::::: :::::::::::: J~a :::::::::::: oct. !6 •• ------------------ ~~~~ ~e"!einiiiir:::::::::::::::::::::::: -----$o:74Y. -------~:~~ :::::::::::: Oct.l7.------------------- 1934 MaY------·---------------------- . 78Yil ------------ ------------

m~ f;'J&imber:::::::::::::::::::::::: : ~!4 :::::::::::: :::::::::::: Oct. 20 ..•• ---------------- ~g~: ~~:-~~~:::::::::::::::::::::::::: J~~ :::::::::::: ::::::::::::

1034 1034 May ..• -------------------------- . 90% ------------ ------------

:: :::••:••::••:-:•-:: tm ~1;,·~[~~[lttttl[ttlltttltt l a l[ltt'tt[tt ttllt[_[_-t[ !1034 July (old style)................... . 92Yil ------------ ------------

1034 July (new style).................. . 92Y:i ....................... . J 1 11 1934 September. (old style)............. . 03% ------------ ------------u Y -------------------- 1934 September (new style)____________ . 03% ------------ ------------

1934 December (old style)............. . 95 ------------ ------------1034 December (new style)............ . 94Yil ------------ ------------

11934 September (old style) ............. ------------ 1.04 ------------1934 September (new style ............ ------------ 1.04 ------------

Aug.IL .. ---------------- 1034 December (old style) ............. ------------ 1.07 ------------1934 December (new style) ____________ ------------ 1.07 ------------

1035 1035 MaY----------------------------------------- 1.10 -----------·

~~:: ~:::::::::::::::::::: {tm ff¥~~~~~~I~~~~~~~~~i~i~iii~i~i~ =======~rm ::::::J!~ m~~~~~~~~~ Oct. 2--------------------- 1036 May __ --------------------------- 1. 06~ ------------ ------------

1030 JulY------------------------------ . 97¥:2 ------------ ------------11035 December------------------------ 1. 07Yil ------------ ------------

Dec. 13..__________________ ~~~g E:<;;;~~~~:::::::::::::::::::::::: t g~~ :::::::::::: :::::::::::: Dec. 27..._________________ ~~~~ i;'~lamliiir:::::::::::::::::::::::: -------~~~~ ------i:oi% ::::::::::::

TABLE 24.-Highest and lowest prices, the seasonal range, and the average daily ~ange in prices per bushel for the life of each of the principal wheat futures traded tn on the Chicago Board of Trade and expiring during the period Jan. 3, 1921, to Dec. 31, 19351

Future

[In cents per bushel]

IIIghest price Date Lowest

price Date Range for Jl[e or future

Average daily

range ror life or future

--------------------1-----l--------l----l-----------------1021 March Cents 1028 March--------------------------- 270

l~~~ ~~~~~::::::::::::::::::::::::::: ig~~ 1031 Marrh·(~;~-;t;I~J~~~~~:~~~~~~~~~~ ~~~ lfiol Mnrch (now st J ) 1032 M"rch Y e ---------------1021lv!uy ---------------------------

~~~ ~~r ~ \\ ~\\~~~~~~~~~~~~ ~~~~~ ~ ~~~~ 85% 71)4

187 149Y,i 127)4 114% 205Ys

July 15, 1920 Aug. 11, 1927 Feb. 15, 1929 July 29, 1020

Aug. 7,1930

Oct. 23, 1030 Nov. 9,1031 May 31,1921 Feb. 27, 1922 Apr. 20, 1923 Oct. 8, 1023 Jan. 28, 1025

C'ents 147 Nov. 20, 1020 124% Oct. 24, 1927 112'Va Jan. 5, 1929 98% Fob. 25, 1030 72,, {Nov. 12,1030 }

7 ' Nov. 17, 1930 72)1 ..... do ........ 47)4 Oct. 5, 1031

1WY:i Apr. 14, 1921 103U Nov. 4,1021 104Y:i f\ept. 14, 1922 100U Mar. 28, 1024 119% July 8, 1024

Cents 120 29Ys 10)4 o4U

38%

12% 24 OiY:! 46% 22% 14% 80)4

Cent a 5Y:i 1% 1% 2%

1U

'NotrnrJI 1 M 31, 1oa2. ng n arch wheat as a principal future from Apr. I, 1021, to July 31, 1927, nor after Mar.


TABLE 24.-Highest and lowest prices, the seasonal range, and the average daily range in prices per bushel for the life of each of the principal wheat futures traded in on the Chicago Bomd of Trade and expiring during the period Jan. 3, 1921 to Dec. 31, 1935-Continued '

[In cents per bushel]

Range Average Big best Lowest for life daily

Future price Date price Date of fu- range for ture life of

future ----Cents Cents Cents Cenfs 1926 May (old style) _________________ 182 {Dec. 29,1920 } 133 Oct. 3, 1925 40 3 Dec. 30, 1920 1926 May (new style) ________________ 185Yz Dec:. 29, 1925 134% ..... do ........ 50!/g 3% 1927 May ... ------------------------- 150%' May 31,1927 130%' Apr. !3, 1927 26 IY, 1926 May .. -------------------------- 171Yz Apr. 30, 1928 126%' Oct. 24, 1927 44% IY,

1929 May---------------------------- 133% fFeb. 15, 1929 } 93% May 31,1929 40% 1% tFeb. 20, 1929 1930 May .... ------------------------ 164 July 20, 1929 100 May 5, 1930 64 2% 1931 May (old style) _________________ 114 Aug. 7, !030 73 Nov. 15, 1930 41 1 1931 May (new style) ________________ 87J.1i Oct. 23, 1930 73% ..... do ........ !3y,j 11 1932 May---------------------------- 73 Nov. 9,1931 48%' Oct. 5,1931 24% 1Y, 1933 May __ -------------------------- 74Y, May 11,1033 43% Dec. 28, 1932 31% I% 1934 May __ .------------------------- 128J.1i July 18, 1933 71Y, Oct. 17, 1933 60% 2).1 1935 May ... ------------------------- 117 Aug. 10, 1934 82% May 31,1935 34% 1Y, 1921 July _______________ -------------- 143Y, June 13, 1921 101% Apr. 20, 1921 42% 4 1922 July ___________ ------------------ 130% Apr. 22, 1022 97% Jan. 3,1922 32Y, 2Y, 1923 .July _______ ---------------------- 125% Apr. 26, 1923 96 July 30, 1923 29y,j 1Y, 1924 July----------------------------- 138% July 26, 1924 102 Mar. 28, 1924 36% 1)i 1925 July __ . __ .-----. ____ . _________ . __ 174Y, Mar. 2,1925 121 Aug. 27, 1924 53Yz 3% 1926 July----------------------------- 158Yz July 31, 1926 120 Sept. 28, 1925 38Y, 2%

1927 July----------------------------- 151Y, {May 28, 1927 } 126% Apr. 11, 1927 25)i 1}2 May 31,927 1928 July----------------------------- 170Y, Apr. 30, 1928 117J.1i July 31, 1928 53% 1% 1929 July ____ ------------------------- 1467.1 July 18, 1929 96 May 31,1929 50)i 2 1930 JulY---------------------- _______ 143% Dec. 3,1929 83% July 30, 1030 60 2Y, 1931 July----------------------------- 92 Oct. 7, 1030 48 July 31, 1931 44 1% 1932 July (old style) __________________ 737.1 {Nov. 7, 1931 } 44)i euly 16, 1932 } 20 1Y, Nov. 9,1931 July 18, 1932 1932 July (new style) _________________ 64)i Apr. 14, 1032 447.1 ..... do ........ 20 1)4 1933 July----------- __ ---------------_ 1177.1 July 18, 1933 43% Dec. 28, 1932 73% 1% 1934 July (old style) __________________ 106Y, June I, 1934 70)i Oct. 17, 1933 36)i 2 1934 July (new style) _________________ 100% July 30, !934 86% July 9,1934 14Ys I%

1935 July----------------------------- 102 {Apr 16, 1935 } 78 July 6, 1935 24 1Y, Apr. 22, 1935 1921 September _______________________ 134%' July 15, 1921 113J.1i Aug. 22, 1921 21% 3Y,

1922 September.---------------------- 122)1i May 16,1922 97% Aug. 21, 1922 24% 1Ys

1923 September. ________ -------------- 1237.1 Apr. 26, 1923 95% fuly 17, 1923 } 27Y, 1% July 28, 1923 1924 September ___________ ------------ 140% Sept. 30, 1924 102% Mar. 29, 1924 37Ys 1% 1925 September _______________________ 167Y, {June 5, 1925 } 123 {Apr. 3, 192.5 } 44Y, 3%

Aug. 8,1925 Apr. 4, 1925 1926 September----------------------- 147Y, Feb. 3,1926 122% Oct. 7, 1925 25Ys us 1927 September _______________________ 149!/, May 31,1927 124% Sept. 21, 1927 24% 1!1, 1928 September ____________ ------- ____ 167% Apr. 30, 1928 106% Sept. 10, 1928 60)/z 1Ys 1929 September _______________________ 151% July 18, 1929 lOO)i May 31,1929 51 2% 1930 September _______________________ 131% Jan. 18, 1930 72% Sept. 29, 1930 58Ys 2~ 1931 September----------------------- 76. Dec. 3, 1930 44% ser,t· 30, 1931 31% 1)1 1932 September (old style) ____________ 66% Apr. 14, 1932 46% Ju y 18, 1932 20)i I% 1932 September (new style) ___________ 66%

_____ do ________ 46%

_ ____ do ________ 20 1)4

1933 September----- ________ . _________ 120Ys July 17, 1933 45% {Dec. 29, 1932 } 74Ys 2Ys

1934 September (old style) ____________ Jan. 3, 1933

36% 1U 110% Aug. 10, 1934 747.1 Apr. 19, 1934 1U 1934 September (new style) ___________ Ill _____ do ________

87Y, July 9,1934 23Y,

1935 September---------- .. ___________ rpr. 16,1935 } 24 1Y, 102Y, Apr. 17,1935 78Y, July 6, 1935

1921 December-----------------------Apr. 22, 1935

40% 3Ys 138% July 15,1921 98 Nov. 4, 1921 1% 1922 December. ______________________ 128Y, Dec. 20, 1922 99% Sept. 14, 1922 29J11 l% 1923 December----------------------- 117% May 17,1923 99 July 17, 1923 18% 2H 1924 December.---------------------- 179Y, Dec. 27, 1924 106% Apr. 10,1924 73;1! 3~8 192/i December ~old style) ____________ 187Y, Dec. 31, 1925 m~ Oct. 3, 1025 55% 3~j 1925 December new style) ___________ 190Y, Dec. 30, 1925 1337.1 -----dO-------- 57)4 Ih

1926 December.---------------------- 150% July 19, 19.~6 131% Apr. 3, 1926 !8?1 1% 1927 December.---------------------- 150% Aug. 11, 1927 121Yz Oct. 24, 1927 29)4

1~8 1928 December----------------------- 156% May 24,1928 llOY, Dec. 31, 1928 <JOYs

2% 1929 December.---------------------- !58 July 29, 1929 105 May 31,1929 53 1% 1930 December (old style) ____________ 125% Apr. 7,1930 69% Nov. 10, 1930 50% 1 1930 December (new style) ___________ 81% Oct. 23, 1930 69% ..... dO-------- 12 1% 1931 December----------------------- 69 Apr. 18, 1931 44% Oct. 5, 1931 24% 1!4 1932 December----------------------- 66U Apr. 26, 1932 41Y, Nov. 25, 1932 2•1% 2% 1933 December_---------------------- 124 July 18,1933 67Y, Oct. 17, 1033 ooH 1% 1934 December (old style). ___________ 113% Aug. 10, 1934 82)i Apr. 28, 1934 3!Y, 1U 1934 December (new style) ___________ 113% .•... do ________ 88% July 9,1934 24% H4 1935 December----------------------- 109Y, Oct. 5, 1935 81 July 6, 1935 28)/z --

WHEAT FUTURES 49

TABLE 25.-High and low prices, average daily range, and closing prices per bushel of the Chicago May wheat futures, by months, Aug. 2, 1932, to Dec. 31, 1935 1

Year and month High

---1932 Cents

AugusL .............. 64)1 September ............ 65 October ............... 69%= November ............ 62!4 December .. ---------- 49%

1933 June .................. 106% July .................. 128Ys August. .............. 109% September.. .......... 102 October.. ............. 95~ November ............ 96% December ............ 88%

1934 July .................. 106~ August ............... 117 September.. .......... 109)/g October. .............. 102% November ............ 101 December ............ 105~

1035

~~~us\.-~::::::::::::: 98% 98%

September.. .......... 102%

Low

--Cents

66 66% 48% 46% 43!4

87 97 89~ 88% 71)1 84 79%

101 104 102 93)1 94% 97Ys

89)1 88%

1933 MAY FUTURE

Average daily-

Year and month Clos-

Range log price

---Cents Cents 1933

1% 6072 January ............... 1% 60 February .............. 1!4 54 March ................. lYs 48% April. ................. 1 46~ May ..... --------------

1934 MAY FUTURE

4% 100~ 4% 110!4 2% 99% 2~ 94% 3% 87)1 2% 90~ 1% 85Ys

1934 January ... ------------February ............ .. Marcb ................ . April. ................ . May ................. ..

1935 MAY FUTURE

2Ys 104 2Ys 108~ 1% 105% 1~ 98 1% 98)1 1~ 100)1

1935 January .............. . February--------------March •.....• _ ....... .. April. ............... .. May ................. ..

1936 MAY FUTURE

1935 3Ys 94)1 October ................ 1% 92~ November .............

91Ys. 1% 96~ December .............

High Low

----Cents Cents 51~ 44)1 49Ys 46 66)1 46)1= 71 53% 74)1 66)1

93%83 93%85% 89~ 84~ 87Ys 72%

103Ys 77%

102Ys 95 99% 93~ 98)4 90)1

102%94 99%82%

107 95)1 100)4 93% 101~ 94%

'The equal sign(=) appearing as part of a price quotation indicates a split quotation.

Average daily-

Range

---Cents

1!4 Ys

1)1 1~ 1%

1% 1!4 1)4 1)1 1%

1~ 1!4 lYs

Clos-!J?-g

pnce

--Cmts 47~ 47% 51% 62Ys 71)1

88% 89% 87~ 81)1 88%

98Ys 96~ 94)1 98)4 91%

101% 97~ 977 s

TABLE 26.-High and low prices, average daily range, and closing prices per bushel of the Chicago July wheat futures, by months, Sept. 6, 1932, to Dec. 31, 1935 I

Year and month High Low

1933 JULY FUTURE

Average daily-

Range Closing

price

Year and month High Low

Average daily-

OlosRange ing

price

---------1--- ------ --- --------1·--------1932

September October -------------

~~;::fft::·:::::::::::

Cents

67)1 60)1 63% 60Ys

Cents Cents

61)4 (') 60 1 47)4 1Ys 43% 1

Cents 1933 January ................

(') February .............. 65 March ................. 49Ys ApriL-----------------47 May-------------------

June ................... July.------------ ......

Ctnts Cents Cents Cents 51)4 44)1 1}-8 47% 49% 46~ Ys 48 56 47= 1% 52Ys 72 54Ys 1% 63 75% 68)4 1~ 72~ 96)4 71% 2)4 78'

117)4 89~ 3~ IOOYs

~~~~i~qual signS=) appearing as part of a price quotation indicates a split quotation. out on th: ~hb1begiJ?-ning of the li,fe of the future there were only a few quotations, and they were not sent

u •c wires. The daily average therefore was not calculated. 68764-36--4


TABLE 26.-High and low prices, average daily range, and closing prices per bushel of the Chicago July wheat futures, by months, Sept. 6, 1932, to Dec. 31, 1986-Continued

1034 JULY FUTURE

Average Avcrngo daily- daily-

Year and month High Low Year and month High Low -----C!os· Clos-Ran go ing Range log

price price -- --- --- --------

1033 Cents Cents Cents Cents 1934 Cents Cents Cents Cern., October---------------- oav. 70)4 3)4 85)4 January ____ ------ _____ 91Vs 81)1 1% 81!% November ..••... ____ .. 94)1 81)4 2)1 88% February.----- ...••... 92)1 84% IYa 88% December •. ----------- 87% 78 IV. 83Vs March ... ______ ..•..... 89% 84% I )Ia 81!Y,

tr:~~~= ====: = :: = = == = = =: 87)1i 73% 1% 81%

102% 76)1i 2%: 81 June .•.. _. __ -- ......... 106)1 88% 2Y, 04% July ~old style) •.....•• lOI 86% 2 05 July new style). ______ 100% 86% I% 04

1935 JULY FUTURE

1934 1935 September------------- 100 98 (') (') January •••.•.. ________ 94)1 86V. 1% 00)4 October ..•..•.... -- .. -- 98% 87% I% 03 February •....•.••• ---- 93% 86V. I)1 00)4 November ......•.•.. -. 95Vs 87% I% 92)1 March •..... __ •.• __ .... 93% 87% I)1 911% December ..• ---------- 98Vs 9I% 1)4 94% ApriL.---------- ••.... 102 oov. I% 00%

May __ . _______ .•.• ------ 100 83% IY, 02 June ......• __ .•.•. ___ .. 86)4 78% I% 81% July .. _._ ...•.. _._ ... __ 94% 78 2)1 86Y,

1936 JULY FUTURE

1935 I I I September_____________ 92)1 91% October---------------- 97)1 86)1

I II I935-Continued I (') (') November ____________ _

1% 91% December ____________ _ 92)11 88 1 92% 87% 17ii,90 1 80)1

'During tbe beginning of the life or the future there were only a few quotations, and they were not sent out on the publlc wires. The daily average therefore was not calculated.

TABLE 27.-High and low prices, average daily range, and closing prices per bushel of the Chicago September wheat futures, by months, Dec. 29, 1932, to Dec. 31, 1935

I933 SEPTEMBER FUTURE

Average Average daily- daily-

Year and month High Low Year and month High Low Clos· · Clos-

Range lng Range ing price price

----- --- -------1932 1933- Continued CentJ Cent., Cent? Cents Cent• Cents Cents Cents

December. __ .--------- 45% 45)4 (') (') May------------------- 77!4 69)1 Jr,( 73% June ... _._. ___ •.•.••... 98Vs 73% 2!1 sou

1033 July .. _. __ • __ ._ ...••• __ 120~ oo 4% 10378 January •• ___ -------- .. 52 45J.:( 1 48V. August ..•. _ ......•. __ • 102)4 81 3 U2Y8

February .. ------------ OO:!i 47% v. 49)1i September .. ----------- 93]1l 81V. 2% 81 March. _________ .--- •.. 58 48 1% 52Ys ApriL •.. -------------- 73)/s 54Ys 2 64)1i

I 1934 SEPTEMBER FUTURE -

1934 1934-Continued U6Y~ January_._.----------- 93 82V. 1% 87Vs July ~old style) ________ 102% 87% 2Ys

2% ooY. February __ ------------ 93% 85Y, 1)1i 89% July new style) _______ 102Vs 87)/z !04V. March .•• __________ .• __ 90% 85% !Y, 87Vs August ~old style) ...•. llOYs 100Y, J!Y.(

10H~

u:~l---~ ~: = :======== ===: 88)/g 74% 1% 82% August new style)._ .. 111 100)/g 1Ya

!04% 103% 77% 2)1 87Vs September ~old style) __ 107 !OOY, IY:i 19'1% June ..... ___ •.. -------. 107V. 89% 2% 95V. September new style). 107)1i !OOU JY, ~

I During the beginning of the life or the future there were only a few quotations, and they wero not sent out on the public wires. The dally average therefore was not calculated.

WHEAT FUTURES 51

TABLE 21.-High and low prices, average daily range, and clo.sing prices per bushel of the Chicago September wheat futures, by months, Dec. 29, 1932, to Dec. 31, 1935-Continued

' ' 1035 SEPTEMBER FUTURE

Average Average daily- dally-

year and month High Low Clos·

Year and month High Low Clos·

Range ing price

Range log price

------ ------1935 Cents Cents Cents Cents 1035--Continued

January .. ------------- 02!)i 84% 1)4 88% Cents Cents Cents Cent! FebruarY-------·------ 02Ya 85Ya 1)4 88Ya June.·- ______ ---· __ ---· 87)4 78Ya 1% 82)4 March.--------- •• ---·- 93% 87% 1)4 90% July--.·------.--·----· 06 78Y. 2% 85~

u:~~--~~==::::::::::::: 102V. 89% 1~ 97 August._. ___ ---------- 95Ya 85% !Ya 88~ lOOY. 84Ya 1% 02!)i September···---------- 101~ 87Y. 1% 04Ya


Decembe;~~~---·-·----1 91 I 88741 (1) I (1) II I I I I 1 During the beginning of the life of the future there were only a few quotations, and they were not sent

out on the public wires. The daily average therefore was not calculated.

TABLE 28-High and low prices, average daily range, and closing prices per bushel of the Chicago December wheat futures, by months, Apr. 22, 1933, to Dec. 31, 1935


Average Average daily- daily-

Year and month High Low Clos-

Year and month High Low Clos·

Range ing Range log price price

-------- --------1933 CIJ!lltS Cents Cents Cents 1933-Continued

~~liiJJJ~mm~m~~ 74Ya 68Ya !Ya 7l!)i Cents Cents Cents Cents 79V. 71~ 1% 76 September-----·· _____ • 97Ya 84!)i 2%. goa

101Ya 76 8 2% 83% October------ ____ -· ____ 91 67V. 3% 84 124 03~ 4% 106Va November----·-------- 03Va 80~ 2Y. 87 105% 848~ 3 95V. ~ecember -·--. ___ ------ 86% 77Ya 1% 828


1934 1034---Continued ~bruary _ ---··-----·-· 07 92% (1) (1)

~~~~~~ ~ :::::::::::::: --82~ ··s2~ ---~r September (old style) .• 108)4 101% i~ 104%

--~r September ~new style). 108)4 101~ I04~ 105)4 say. October ~ol style)----- I02V. 04'~ 1% 98

July ~old styiei ________ i~~~ 90!)i 2% 96Ya October new style) ...• 102~ 04 !Ya 08 80 2!-i 97!)i November ~old style) .• 101!!4 05Ya IVa 00~ July now style)··-·-·- 104V. 88Ya 2Va 97% November new style). !OIYa 95% IV. 00 August (old style) _____

113~ 102)4 I% 106 December (old style) ___ 103% 06% % 00~ August (new style):::: na•~ I02)4 2 106 December (new style) •• 103Ya 06% I)4 09 -1935 DECEMBER FUTURE -

1935-Continued 99V. 87Ys IV. 91 89V. SIVa I% 84Y. September_--·-------·. 101% ggy. 1% 96 97Va 8I 2)4 87)4 October-·-. ______ ------ 109V. 95% 2 102% 97Va 87% !Ya 90% Novemb~r ·····-------· 100% 92% 1% 97%

December ••. -·· •• -----· 108 04% I% 99%.

1 burlng the b 1 · out on tho P blieg nnmg of the life of the future there were only a few quotations, and they were not sent u o wires. The daily average therefore was not calculated.


TABLE 29.-Dates on which the principal wheat futures became dominant on the Chicago Board of Trade during the period Jan. 3, 1921, to Dec. 31, 19351

Year life or future ended May future July future September future

Deoomber future

1921.--------------------------------------- ---------------1922 ________________________________________ Oct. 20,1921

1923 •••• ------------------------------------ Nov. 6, 1922 1924.--------------------------------------- Nov. 13, 1923 1925 •• -------------------------------------- Nov. 1,1924 1026---------------------------------------- Oct. 22,1925 1027---------------------------------------- Nov. 16, 1926 1928.--------------------------------------- Nov. 28,1927 1929---------------------------------------- Nov. 19,1928 1930---------------------------------------- Nov. 12,1929 1931. _______________________________________ Nov. 7,1930

1932 •••• ------------------------------------ Sept. 21,1931 1933 ••• ------------------------------------- Nov. 2,1932 1934 ••.• ------------------------------------ Oct. 17,1933 1936 •• -------------------------------------- Oct. 1,1934 1936 ••• ------------------------------------- Sept. 19,1936

Apr. 26, 1921 June 21, 1921 Aug. 10,1921 Apr. 26,1922 June 24,1922 Aug. u, 1022 Apr. 11,1923 June 25, 1923 Aug. 17,1023 Apr. 28, 1924 June 12, 1924 Aug. 16,1021 Apr. 24, 1026 June 12, 1926 Aug. 7,1925 Apr. ao, 1920 June 30, 1926 Aug. 10,1926 Apr. 30, IU27 June 13, 1927 Aug. 18,1027 Apr. 3, 1028 June 9, 1928 Aug. 8,1928 Apr. 17, 1929 June 13,1929 July 24,1929 Apr. 28, 1030 June 17, 1930 Aug. 4,1030 May 11, 1931' June 17, 1931 Aug. 4,1931 Apr. 12, 1932 June 4,1932 Aug. 1,1932 Apr. 4,1933 Apr. 20,1933 July 24,1033 Apr. 17, 1934 May 23, 1934 July 24,1934 Apr. 25, 1936 June 14, 1936 Aug. O, 1035

I March wheat did not become a dominant future during this period. The date the future became dominant represents the first day that the open commitments exceeded those of any of the other futures and remained greater. As open commitment figures were not reported until July 9, 1923, the dates indicated prior to July 9, 1923, represent estimates.

• From the standpoint of open commitments the 1931 May future was dominant until May u, 1931. Normally the dominant future is also the most active with respect to the volume of trading. This, however1 was not the case with the 1931 May future. Because of the stabilization activities of the Farm Boara agency trading was diverted to the July future somewhat earlier than usual. With respect to volume of trading the July future became the most active as early as January 1931.

TABLE 30.-Daily volume of trading and open commitments in all wheat futures combined and the .closing price of the dominant future on the Chicago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935 1

Date

1933

Jan. 3 ••.••. Jan. 4 •••••• Jan. 6 .•..•• J·an. 6 ...... Jan. 7 ••.••. Jan. 9 ...... Jan. 10 ..... Jan. 11 ..... Jan. 12 ••.•• Jan. 13 ••. __ Jan. 14 ..... Jan. 16 ••... an. 17 ••.•.

Jan. 18 •••.. J

J

J

an. 10 ••••. Jan. 20 ..••. an. 21.. ...

Jan. 23 ...•. Jan. 24.. ••. Jan. 25 ••.•. J J J J J

an. 26 ••.•• an. 27 ••••. an. 28 •...• an. 30 ..... an.3L •.•

Feb. L .... Feb. 2 ••••. Feb. a _____

eb. 4 ••••. eb. 0 ••••.

F F F F F

eb. 7 •••• eb. 8 ••••.

• eb. 0 .. ___

Vol-ume

of trad-ing

--1,000

bushels 9, 759

19, 4U2 lfl,206 31,238 24,4.30 23, 51Yl 29,200 38,701 26,522 21,066 17,275 28,180 15,646 18,187 17,063 14,393 12,624 8,321 9,662 8, 771

12, 198 11,820 7,928 4,109 6,222

16,734 0, 926 6,947

13,766 17,962 12,749 16,505 18, 120

Open commit-ments

Change Closing price of dominant

from future Amount J?re-

VIOUS day

--- --Cents

1,000 1,000 1983 May bushP.ls lfushets future 133,098 -264 44Yz-% 133,649 +051 46Ys-46 133,922 +27:l 46% 134,008 +86 48!4-~ 132,026 -1,982 49-48% 131,702 -234 48=-48 131,650 -142 607W-!4 131, 086 +35 6Q-49% 131, 659 -20 49!4-711 131,726 +07 48%-!4= 132,706 +070 47%-% 134,077 +1,372 46%-:!11 134,320 +243 47Yz-% 134,736 -l-416 46%-:!11 136, 100 +304 47~-%= 134,916 -185 471 z-% 135, 007 +92 47-46:!11= 135, 176 +168 47!4=-%= 135, 1a2 -43 48-47:!11 134,782 -350 48Ya-!4 134,232 -550 47%=-48 133,937 -295 47~-% 133, 644 -303 47Ya-!4 133,469 -85 477r% 132,018 -641 47% 133,249 +331 47!4-% 132,703 -480 47Ya-!4 133, 113 +360 46%=-% 132,820 -203 46).,(-% 131,842 -078 47%-% 131,445 -31!7 47%-72 131,610 +74 48!4-V. 131,810 +201 48-47:!11

Open commit-Vol- ments ume Closing price

Date of Change of dominant trad- from future ing Amount pre-

vlous day

------Cenfs

1933 1,000 1,000 1,000 1033 Map bushels bushels bushels tulare

Feb 10 •••• 10,637 131,931 +121 47%=-J.i Feh. 11. ••• 8,802 131, 738 -W3 47M-~ Feb. 14 •••• 18,466 131,801 +63 46M-~ Feb. 16 •••• 15,276 131,945 -1-144 47%-% 1!'eb. 10 •••• 10,005 131,491 -454 47%-M Feb. 17---- 16,490 132, 162 +661 47M-~ J!'eb. 18 .... 8,114 131, 684 -668 47% J!'eb. 20 .... 10,107 131, 164 -430 47%-J.i Feb. 21. ••• 0,806 130,844 -310 48-48J.i Feb. 23 •••• 12,431 130,081 -103 47)1=-J.i Feb. 24 .••. 11,361 130, 181 -600 48-48% Feb. 25 .•.• 21,927 130,310 +129 47-47J.i Feb. 27 .... 10,660 120,804 -446 46%-J.i Feb. 28 .•.. 14,686 129,402 -402 47V.-J4 Mar. L. ... 13,742 130, 108 +766 47)4-% Mar. 2 ..... 10,608 128,408 -1,670 46~·47 Mar. a _____ 43,417 127,320 -1,172 4BlPA Mar. 10 '--- 18,365 124,604 -2,722 63~b Mar. 17 .... 60,997 123,006 -698 63¥,-53 Mur. 18 ••.. 22,495 123,345 -501 oz~U Mar. 20 •••• 21,689 122,823 -622 618.-% Mar. 21 •••• 24,053 123, 128 +305 61)4-% Mar. 22 •••. 23,838 122,949 -179 oW,-U Mar. 23 •.•• 26,769 122,650 -390 51)4-% Mar. 24 •.•. 20, 09a 124,3U +1, 791 52-.>n~ Mar. 26 .... 27,780 124, 111 -239 63-52~ Mar. 27.. .. 21, 136 126,048 +1,937 62Yrl1i= Mar.28 .•.• 30,301 126,988 -60 saM=-% Mar. 20 .•.• 30,496 126,816 +827 6W.-l1 Mar. 30 •..• 22,666 126, 506 -310 52~-~ Mar. 31. ... 29,777 127,490 +094 63M-Apr. L .... 23,706 126,009 -509 MU-% Apr. 3 ..... 46,651 120,068 -41 56U-JB

I The equal sign(=), a, and b appearing as part of a price quotation indicate respectively, a spilt quota· tlon, asked price and bid price. .

I Chicago Board of Trade was closed from Mar. 4 to Mar. 16, 1933, inclusive, owing to bank holld•Y·

WHEAT FUTURES 53

TABlE 30.-Daily volume of trading and open commitments in all wheat futures co:nbined and the closing price of the dominant future on the Chicago Board of Trade, .Jan. 3, 1933, to Dec. 81, 1935-Continued

Open commit- Open commit-monts ments

Vol- Vol-ume Closing price ume Closing price

Date of Change of dominant Date or Change of dominant trad- Amount from future trad- Amount from future ing pre- ing pre-

vious vious day day

---· -------- ---Cents Cents

W3:J 1,000 1,000 1,000 1033 July 1P33 1,000 1,000 1,000 1M3 Ser>tem-bushels bushels bushels future bushels bushels bushels ber future

Apr. 4 ..... 30, 228 127,181 +223 50!4-% June 10 ...• 50, 010 100,244 -105 78:Y.-Yz Apr. 5~---- 41,181 127, 36U +188 57:Y.-%= June 20 .... 44,755 159,R31 -41:J 77%-% Apr. o ..... 51,7:38 128,011 -f-642 5HYz-% June 2L ... 00,255 !57, 040 -1,801 80Ys-!4 Apr. 7 ..... 3H, .557 127,807 -204 58:Y.-Yz June 22 ...• 05,048 !55, 846 -2,094 80!4-~ Apr. 8 ..... 2fJ, 461 129, Olifi +1,848 57%-U June z:L •.. 80, 6ll 157, 795 -f-1,94[! 82%-' 8 Apr. 10 .... 38,488 128,761 -804 59-liOYs June 24 .•.. 01,796 100,351 -f-2, 550 85-84% Apr.JL .. 5:J, 143 120, 530 -f-769 61-61!4 June 20 .... 130,163 104,004 -f-:J, 713 Ol:Y,.-92 Apr. 12 .... 44, 31!0 131, o:J2 -f-2, 402 59%-U June 27 ____ 131,.506 165, 383 -f-1,319 98-07% Apr. t:L ... 66,893 133, 356 -f-1,424 61Yz-% June 28 .... 107,021 166,740 -f-1, 357 02)4'-Yz Apr. 15 .... 40, 286 l:J6,473 -f-3, 117 62:Ys-% June 20 •... 71,780 167,000 -f-1, 160 02%-% Apr. 17. ... 40,411 J:l7, 643 +1,170 02!4-% June 30 .... 51,485 164,340 -3,551 o:w.-Yz Apr. 18 .... 60, 050 138, fi77 -f-034 GW.-63% July!. .... 61,805 162,471 -1,878 96%-97 Apr.IU .... 111,033 139,845 -f-1,20S 65Ys-66Ys July 3 ..... 60,723 162,440 -:ll !OOY.-Yz

July .5 ..... 75,004 164, 5:J8 +2,098 90:Ys-Ys 1 n.~s Sept em· July 6 ...•. 53, 306 166,965 -f-2, 427 100%-Ys

l>er future July 7. .•.. 68,822 171, 186 +4,221 90%-% Apr. 20 .... 80, 408 143, 396 -f-3,551 mW.-f5, July 8 ..... 44,293 171,414 -f-228 IOIY.-62 Apr. 21. ... 63,000 11:l, 850 -f-454 68-681 8 July 10 .... 06,576 172,101 +777 103:Y.-'/s Apr. 22 .... 57,024 144, 322 -f-472 60V.-70 July 11. ... 100,112 173,055 -f-804 107!!/s-Ys Apr. 24 .. __ 73,737 145,020 -f-1,307 71%-Yz July 12 .... 71,287 175,326 -f-2, 271 IOB:Ys-!4 Apr. 25 .... nn, 78a 146, 601 -f-972 60).{-% July 13 .... 63,870 177,841 -f-2,-'15 107Yz-% Apr. 2fi. ..• 00,851 !.50, 026 -f-4, 025 00%-% July 14. ... 80,167 184,058 -f-6,217 110Y:r% Apr. 27 .... 37, 620 151, 158 -f-532 OS%-% July 15. ___ 09,265 100,544 +6,486 115Yz-Ys Apr. 28 .... 62,022 153,027 -f-2, 760 67=-66% July!L ..• 100,208 103, 322 +2, 718 UR%-Ys ~r. 20 .... 02, 502 148,473 -5,454 72%-% July 18 .... 00,152 108,003 -f-4,681 117!!/.-%

ay L .... 70,713 145, 143 -3,330 72Y:r!4 July 19 .... 141,656 100, 711 -f-1, 708 106Yz-07 May 2 ...... r.a, 133 H4,400 -743 nv.-% July 20 .••. 163,009 104,736 -4,075 91-112~ May 3 ..... 78,612 143,000 -1,391 73:Y.-Yz July 22 '--- 7, 083 104, 806 +160 (') May 4 ..... 54,083 145,060 -f-2,051 74Y.-% May L ... 46, 712 144,439 -621 75Y.-% 1988 Decem-Moy 0.. ... 50,863 146, 154 -f-1, 715 74:Ys-Ys ber future ~ay 8.. ... 43, 287 148,106 -f-1, 052 74Y.-74 July 24 ..•• 52,422 187,397 -7,409 05Y.a

ay 0 ..... 64, 354 140, 237 -f-1, 131 7W.-% July 25 .... 50,231 178, 320 -0,071 97-07)4 May 10 .... 43, 002 !51, 245 -f-2, 008 73Ys-73 July 26 .••. 40,296 174,528 -3,708 103-()2% May IL. .. 66, 098 147, 068 -3,277 75%-Ys July 27. .•. 69,514 170,712 -3,816 110%-Ys May 12 ••.. 53, 730 148, 500 +538 75%-Ys July 28 .... 42,313 169,885 -827 105~a May 13 .... 27,052 140, 108 +602 75!!/s-Ji July 29 .... 20,023 168,632 -1,253 tooa.a May 15 .... 26,840 !50, 311 -f-1, 113 74%-% July 31. ... 33,710 167, 320 -1,303 95%a May 16 .... 31,720 lfil,491 +1, 180 74!!/s-Ys Aug.!. .... 11, 208 100,419 -010 IOO%b May 17 .... 31,231 150,951 -540 75-75Ys Aug. 2 ..... 50,178 106,330 -80 103lt% ~ay 1S ____ 44, 187 151, 050 +708 73Y.-% Aug. 3 ..... 32,231 104,385 -1,045 104' -)4' May 1!1. ___ 40,030 lAO, 001 -758 73-72% Aug. 4 ..... 22, 675 104,046 -f-561 101-100% May2o .... 48,840 150,110 -782 7W.-~ Aug. 5 ..... 14,173 1(}5, 038 -f-92 !OW.-% M~~ ~~---- li2, 0!7 148, 922 -I, 107 OO:Ys-% Aug. 7 ..... 10, 768 165,210 -f-172 101Ys-Ol

~ay 21:::: 50, fi07 150, 602 +1,740 72Ys-72 Aug. 8. ____ 22,570 163,287 -1,023 IOOY.-61 40, 140 150,047 -15 n~-Ys Aug. 9 ..... 23,852 163,818 -f-531 103:Y.-Yz

May 25 .... 40,507 151, 604 -f-1,047 72:Y.-Yz Au~. 10 .... 29,580 163,760 -58 103:Y.-% May 26 .... 35, 186 152,617 +923 73:Ys-% Aug.!!. ... 37,106 104,864 +1,104 08~:1" May 27 .... 60, 101 140, 512 -3, 105 7oY.-75Ys Aug. 12 .... 4,326 IB4, 433 -431 osa.a May 29.. .. 46,955 151,038 +2,420 7fiY.-!4 Aug. 14 ..•. 1,202 104,088 -345 05%a J ay 3L. •. 40,685 151, 241 -607 75:Ys-Yz Aug. 15 .... 4, 727 163,077 -1,011 95%o. uno 1 Juno 2----- 43,797 151, 292 -HI 7o:Y.-% Aug. !6 .... 4, 546 161,727 -1,3!l0 OO%a Juno:l _____ 31,664 151, 774 -H82 75:Ys-!J Aug. 17 .... 00,418 159,585 -2,142 03)4-02% June 5 • ··-- 30,582 153, a77 -f-I,ooa 74Y.- • Au~. 18 .... 32, 050 !56, 970 -2,615 88a Juno r,"·-- 45,167 153, 542 +165 75!4-% Aug. 10 ••.. 26,054 !57, 207 -f-237 O!Yz-% Juno 7----- 41,252 153, 253 -289 74}1;-75 Aug. 2L ... 24,133 !50, 400 -807 01-0!Ys Juno R----- 33,406 154, 510 +1,257 7W.-~ Aug. 22 ••.. 20,288 !55, 474 -026 01%-Ys Juno n"••• 25, 672 153,056 -5!i4 75Y.-75 Aug. 23· .•.. 22,254 !54, 086 -489 91%-Ys June Hi .... 52,843 152, 377 -1,579 77Y,-77 Aug. 24 .... 27,706 154,186 -709 89V.-88Ys Juno 12---- 58,851 154, 218 -f-1,841 78:Y.-Yz Aug. 25 .... 24, 063 155,021 -f-8.35 o2y,-o2 Juno I:l-- .. 58,506 154,430 -f-212 70%-80 Aug. 20 .... 14,063 !53, 910 -1,105 02Ys-03Ys Juno 11---- 45,290 155,346 +016 70!!/s-!4 Aug. 28 .... 10,004 !54, 205 -f-379 91!-2-% Juno lf1. ·-- 55,/588 156, 347 +1,001 77Y.-78 Aug. 29. ___ 34,807 153, 245 -1,050 88-87}1; June Jr. .... 65, 2!5 160, 164 +3,817 76%-Ys Aug. 30 .... 42,010 !51, 276 -1,060 OOH-01 Juno 17::::

50,838 160, 20! -f-37 7()-75% Aug. 3L ••. 28,225 149,858 -1,418 90!4-00 32,066 160,349 +148 7.5%=-76 Sept. L ... 15,733 140,272 -580 89~1-v.

'Chicago D d etcopt for 15 rn~ar of Trade was closed Jnly 21 and July 22, 1033, by order or the directors of the exchange,

mutes on July 22, devoted to the exercising of weekly privileges and the adjustment of trades.


TABLE 30.-Daily volume of trading and open commitments in all wheat juture8 combined and the closing price of the dominant future on the Chicago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935-Continued

Open commit· Open commit· ments ments

Vol- Vol-ume Closing price ume Closing price

Date of Change or dominant Date or Change of dominant trad· from future trad- frorri future ing Amount pre- ing Amount pre·

vlous vious day day

----- ---Cent.,

1933 1,000 Cents

1933 1,000 1,000 1,000 1988 Decem- 1,000 1,000 1984 May bushels bushels bushel• be[f_uture bushels bushels bushel• future

Sept. L ... 18,304 149,320 +54 88 1 ~-% Nov. 18 ..•. 28,420 142, 569 +li05 90)4-!10 Sept. 6.. ... 17,471 150, 436 +1, 110 88%-% Nov. 20 .... 31,458 143,350 +781 92Y.-Yz Sept. L ... 12, lil8 150,432 -4 80~-% Nov. 21. ... 28, li78 144, 188 +838 92Yz-% Sept. 8 ..... 26,409 150, 185 -247 87-80)/g Nov. 22 .... 28,039 144,446 +258 91-IJO~ Sept. 9 ...•. 12,819 150, 148 -37 85Ys-85 Nov. 23 .•.. 34,594 143,911 -536 87ij-Yz Sept.!L .. 23,158 149,364 -784 88Ys-88 Nov. 24 .... 36,903 144,047 -H36 88Y.-~ Sept. 12 ..•. 22,496 149,738 +374 87:V.--Y. Nov. 25 .... 20,031 142,807 -I, 180 8QY,-86 Sept. 13 .... 26, 653 149,819 +81 91Yz-% Nov. 27 ..•. 43,770 141,005 -1,802 BWz-'/s Sept. 1L .. :37,516 151,980 +2, 161 91~-92 Nov. 28 .... 35,544 139,5:39 -I, 520 86-86)1, Sept. 15.. .. 29,421 151,252 -728 UIY.--92 Nov. 29 ..•. 34,047 137, 762 -1,777 87%-% Sept. 16 •... 28,406 151,988 +no li5Yz-~ Dec. L ...• 21,690 138,340 +578 86-86)1, Sept. 18 .••. 44,485 !53, 389 +1,401 959/.--~ Dec. 2 ..... 20,692 138,323 -17 84),:(-Ys Sept. 19 .... 3.5, 950 1.54, 2.58 +869 97%-~ Dec. 4 ...•. 15, 029 138,004 -319 84Ys-84 Sept. 20 .... 37,578 155,001 +803 95Ys-~ Dec. 5 ..••. 22,676 137,940 -04 86%-:V. Sept. 2L .. 45,715 156,019 +958 !!O~a Dec. 6 ..... 19,405 136, 967 -1!73 87-87)1, Sept. 22 .•.. 50,270 154,561 -1,458 8!!:V.--% Dec. 7 ..•.. 18,359 137, 414 +447 87JI,-87 Sept. 23 ___ 21,533 1.55, 071 +&10 92)4-1!2 Dec. 8 ..... 21,821 137,808 +394 85)-:(-% Sept. 2.5.. .. 25,886 155,441 +370 92Y.-J4 Dec. 9 ..... 10,910 138,000 +192 87Jiz-% Sept. 26 .... 30,142 156,318 +877 !!OYI,-90 Dec. 1L •.. 20,057 138,884 +884 87Y.-% Sept. 27 •... 32,619 156,483 +105 91-91)4 Dec. 12 .... 14,077 138, 718 -160 86%-% Sept. 28 .•.. 22,298 156, 360 -114 !!ll-89)/g Dec. 13 ..•. 20,100 1:38, 719 +I 85)-:(-% Sept. 29 •... 23,768 !56, 797 +428 8W.--"A Dec. 14 .... 22, 169 138, 325 -394 84%-% Sept. 30 .... 20,408 157,613 +81fl !!D-!!OYI, Dec. 15 .... 21,392 137, 743 -582 85%-X Oct. 2 ...... 13,218 1.57,910 +297 89)4-Y. Dec. 10. ___ 13, 695 137, !!76 +233 8W,-85 Oct. a__ ____ 9, 577 158, 106 +196 89)4-Ys Dec. 18 .... 10,946 137, 533 -443 84%-% Oct.L .... 18, 511 158, (],57 +551 1!0~-% Dec.!!! .•.. 10,434 136,981 -562 84%-% Oct. 5 ...... 18, 639 158,!!7a +316 8!!Ys-89 Dec. 20 ..•• 27,275 136, 707 -274 8W.-Yz Oct. 6 •..... 46,408 !59, 001 +28 8&-85% Dec. 2L .•. 24,802 135, 792 -915 8W.-'.4 Oct.L .... 28,074 157,944 -1,057 80Y.--J4 Dec. 22 ..•. 23, 785 135,470 -322 84)-:(-Ys Oct. 9 ______ 2.5, 501 !57, 7n -171 8.5~-% Dec. 20 •... 10,285 134,319 -1,151 84-84),:\ Oct. 10 ..... 26, 235 1.57, 616 -157 84%-Yz Dec. 27 .... 19,661 133, 356 -964 8W.-Yz Oct.JL ... 17,843 157, !!a4 +318 84--83% Dec. 28 .•.. 18,801 !33, 293 -62 8W.-~ Oct. 13.. ... 39,941 156. 606 -1,268 78)/ga Dec. 29 .... 19,908 133, !!74 +681 8W.-Yz Oct.IL .•. 38,409 153, 250 -3,4HJ 75-74)/g Dec. 30 .•.. 13, 752 133, 337 -637 85),:\-Y, Oct. 16.. .•. 39, 525 151, 515 -1,735 6!!Ys

1934 1984 May

Jan. 2------ 12, 306 +550 81i-84Y, future 133, 896 Oct.1L ... 56,810 148,301 -3,214 78)/gb Jan. 3 ______ 10,022 132,937 -959 84)-:\-Y, Oct. 18 .•••• 56,692 144,074 -4,227 81~-% Jan. 4 •..... 20,520 131,730 -1,201 84~-% Oct. 19 .•... 40,536 141, 588 -2,486 81-80% Jan. 5 ...... 12, 104 1:l!, 78!! +53 84-8'1)-:\ Oct. 20 ..... 49,415 139,719 -1,860 84Yz-~ Jan. 6 ....•. 5,187 131,282 -li07 8W.-Yz Oct. 2L ... 30,981 137,431 -2,288 8&-84)/g Jan. 8 ...... 6, 71!0 130,860 -422 84!4-Ys Oct. 23 ..•.. 33,209 136,487 -944 80-89)4 Jan. 9 ...•.. 8,358 130, 172 -088 8ii-85Y, Oct. 24 •••• _ 40,074 137, 815 +1. 328 88-87~ Jan. 10 ..... 14, 386 129, 365 -807 8W.-Yz Oct. 25 ..... 34,948 138, 394 +57!! 91)4-91 Jan. IL .... 14,603 129,046 -319 BW.-Yz Oct. 20.. .•• 30,953 138,849 +455 88~-% Jan. 12 .•... 18,019 120,005 -41 8W.-87 Oct. 27.. ••• 34, 6!!2 139,393 +544 9W.--"A Jan. 13 ... ;. 13,401 128,724 -281 87(1 M Oct. 28 ....... 34,202 137,205 -2,128 9W.--~ Jan. 15 .•.•. 41, 965 128,897 +173 u1lT-% Oct. 30 .••.. 37,598 138, 559 +1,294 90)4-~ Jan. 16 ..•.. 27,900 127,660 -1,228 90)4-Y, Oct. 3L .•. 30,700 137, 353 -I, 206 88Yz-J4 Jan. 17----- 25,421 127, 801 +222 9W.-% Nov. L .... 41,630 136, 353 -1,000 86Y.-85~ Jan. 18 ..... 17, 370 127,508 -383 sov.-Y2 Nov. 2 .•••. 25,918 137,507 +I, 154 87~-Ys Jan. 19 •.•.. 10, 543 127,810 +:J02 OJ-1J1Y, Nov. 3 ..•.. 26,554 136, 547 -060 90)4-Ya Jan. 20 •.•.• 12, 619 134, 032 • + 7, 122 OOJ!z-% Nov.4 •.•.. 20,525 135, 506 -1,041 SOY.-~ Jan. 22 ..•.• 12,972 135,048 +116 80%-'/s Nov. 6 ..... 22,467 137, 301 +1, 705 88:V.--J4 Jan. 23 ..•.. 13, 987 134, 410 -038 ow,-Yz Nov. 7 ..... 10, 803 137,444 +143 88Y.--Yz Jan. 24 ..... 12, 370 134, 773 +363 goa,;,-}:( Nov. 8 ..••. 21!, 459 139,224 +1, 780 OWs-111 Jan. 25 ...•• 16, 145 134, 297 -476 8!1-llBY. Nov. 9 ...•• 44,582 139,448 +224 94Y.--o5 Jan. 20 _____ 11,873 134,331 +34 wv.-Y2 Nov. 10 ••.• 32, 401) 130, 201 -157 !!3:V.--Ys Jan. 27 ...•. 8,136 134, 440 +109 orM-% Nov. 13 ••.. 25,662 140, 204 +913 04~-Ys Jan. 29 ..••• 22, 192 134, 240 -200 uW.-M Nov. 14 ..•. 37,539 142,064 +1,860 95)/g-95 Jan. 30 .••.. 26,030 134, 723 +483 93-IJ2)i Nov.15 ...• 43,205 142, 194 +130 02Y.--~ Jan. 31.. •.. 25,885 184, 077 -046 9!V.-~ Nov.16 ..•. 33,725 143,410 +1, 216 !!4~-% Feb. 1. .... 24,799 134,007 -70 9tYs-'• Nov.1L .. 20,324 142,004 -1,346 02V..-Ys Feb. 2 ..•.. 15, 299 134, 121 + 114 Ol%-!4

4 The unusually large change In open commitments was oc~as!oned by a nonclearing member of the ex· ehange becoming a clearing member.

WHEAT FUTURES 55

TADIE 30.-Daily volume of trading and open commitments in all wheat futures cm~frinerl anrl the clo.sing price of the dominant future on the Chicago Board of 7'rarle, Jan. 3, 1933, to Dec. 31, 1935-Continued

Open commit- Open commit-ments ments

Vol- Vol-ume Clo~!ng price ume Closing price

Date of Change of dominant Date of Change of dominant trad- from future trad- from future ing Amount pre-

vious lng Amount pre-

vious day day

- ----- -----Cents Cents

1934 1,000 1,000 1,000 1084 Mav 1934 1,000 1,000 1,000 1984 Jutu bu.Hhels bushels bushels [v.lure bu.shels bushels bushels future

Jo'eb. 3 .•..• 15,232 133, 774 -347 02!4-% Apr. 24 .... 27,976 102,779 -464 75!4-% Jo'eh. 5.---- 21, 388 132, 737 -1,037 92Ys-~ Apr. 25 ..•. 28, 199 101, 214 -1,565 75~-Ys Fob. 6 ..... HI, 132 132, 877 +140 92Yrr03 Apr. 26 ••.. 21, 562 100,053 -1,161 75~-Ys Feb. 7 .. --- :n, ut7 131, 715 -1, 162 90!)/,-~ Apr. 27 •••• 25, 706 07,092 -2,061 76~--% Fob. 8 ..... 17, 208 131,661 -64 91J/g-)4 Apr. 28 •... 24,903 96, 821 -1,171 78!4-"/a l•'eb.IJ ..... 20,071 130,821 -840 90J/g-90 Apr. 30 .. __ 39,056 95,835 -986 70Y:r% Feb. Ill.. .. 15,1i84 130, 866 +35 00)4-Ys May L .... 29,241 04, 511 -2(_~~J 77%-V. l''eh. 13.--- 13,577 131, 202 +346 9()..90Y, May 2 ....• 23,006 94,667 77)4-% Feb. 14 .... 10,573 130,825 -377 OOY:r% May 3 ..... 14,987 95,004 +427 76:Yrr!4 Feb. 15 .... 0, 747 131, 126 +301 90~-% May 4 •.•.. 21,082 95,964 +860 77'/r.-78 Feh. HL ... 7, 701 120,023 -1,203 90~-Ys May 5 •.•.. 24,430 92, 911 -3,043 79~-v. Feb. 17 .... 6, 048 120,994 +71 90' :r% May 7 •..•. 37, 062 02,273 -638 82'V.-'4 J•'eb. 10. ___ 8, 940 129, 710 -284 89%-V. May 8 ...•. 30, 124 90, 796 -1,477 B4Y.--84 Feb. 20 ____ 13,807 129,424 -286 88:Yrr!4 MayO .•..• 35, 0.53 90, 717 -79 83~-% Feh. 21. ... 11,701 129, 129 -205 88Y:r% May 10 .•.• 50, 233 88,660 -2,048 88%b Feb. 2:L. .. 8, 080 120, 282 +11i3 88J/g-88 May 11. ..• 51,007 89,329 +660 87%-!4 l'eb. 24 .... 10,284 128,734 -548 87:YrrYz May !2 .... 35, 991 89,231 -98 85V.--Ys J.'eb. 26. ___ 14, 380 127, 703 -1,031 86)4-Ys May 14 .•.. 37, 20.1 89,423 +192 85-84Ys Feb. 27 ..•. 15, 104 127,207 -406 87)4-~ May 15 •... 21, 075 89,755 +332 86%--!4' Feb. 28 .... 12,331 12/i, 942 -1,265 86~-Ys May 16 •... 31, 143 89,877 +122 88~-v. Mar.!.. ... 13, 757 125, 567 -375 86)4-% May 17 .... 43, 940 90, 502 +715 89V.-'4 Mar. 2 ..... 14,573 124, 879 -688 87Yrr88 May 18 .•.. 36, 297 00,405 -187 87~-v. Mar. 3 ..... 10, 014 124,226 -653 81>-87Ys May 19 ..•• 20,413 00,348 -57 BW..-!4 l\1ar. 5 .. ___ 10,580 124, 545 +319 87ij-Ys May 21. .•. 30,852 91, 645 +1,197 88~-v. Mar. fl. ____ 0,270 123,888 -057 87%-Ya May 22 .•.. 26, 337 91,360 -185 88%-V. Mar. 7 ..... 10, 152 123, 152 -736 86)4-% Mar. 8 ..•.. 14,371 123, 150 -2 soy..-% /9.SJ, Septem-Mar. 0 ..... 8, 156 123,430 +280 86%-Yz her future Mar. 10 .... 12,125 123, 075 -355 87~-88 May 23 .... 26,012 90,322 -1,038 89~-Ys Mar. 12 .... 10,048 122, 18.3 -802 88Ys-89 May 24 ____ 10,441 00,307 -15 SOY'.-~ Mar.l3 .... 13, 127 122,027 -156 88Y,..% May 25 ...• 41, 180 90,743 +436 02%-V. Mar.lL .. 13, 747 121, 594 -433 88%-!4 May 26 .... 33,353 01,014 +1,171 92%-V. Mar. 16.. .. 16,217 120, .500 -1, 094 86%-87 May 28 .... 49, 590 91,308 -006 07Y,b Mar. HI •••• 11, 740 120, 532 +32 87)4-% May 29 .... 56,570 90,864 -444 98V,.-% Mar. 17 .... 12,070 110, 434 -1,098 87%-V. May3L ... 64,140 91, 106 +242 103%-% Mar.10 .•.. 15,718 118, 854 -580 87-87)1 June L •... 73,307 03,830 +2, 724 102%-~ M1r. 20 .... 12, 77:l 118, 523 -331 87%-% June 2 .•... 44, 650 04,823 +903 99%-00 Mar. 21.. .. 8, 030 118, 684 +161 87)4-Ys June 4 ..... 41, 802 95, 255 +432 97~-% Mar. 22 ••.. 8, 752 118, 421 -263 87%-!4 June 5 _____ 50, 895 06,758 +1, 503 101Ys-02 Mor. ZJ.. .. 4, 588 118, 185 -236 87!4-!ii June 6 ..... 50,850 08,080 +1,331 lOOY.--100 Mar. 21 6, 124 117, 004 -281 87%-~ June 7 ..... 40,490 100, 363 +2, 274 98V.--% Mar. :w:::: 8, 722 117, 973 +60 86 11di June 8 ..•.. 30,076 90, 557 -806 08~-Ys Mar. 27 22,082 117, 470 -497 85Yz-% June 9.---- 34, :!76 100,767 +1, 210 99%-% Mar. 2!!----Mar. 211:::: 11, 551 117, 334 -142 85!1-% June 11. ... 27,802 100, 937 +!70 09)4-%

12,054 116,310 -1,018 86)4-% June 12 .... 24, 350 101, 490 +553 90~-Ys Mar. 31. ... 8, 074 115, 716 -600 86%-87 June 13. ___ 36,801 101,037 +447 96%-% Apr. 2 Apr. 3----- 7, 381 115, 458 -258 86-80Y, June 14 ...• 53,008 101, 568 -360 95-94% Apr. 1:::::

7, 801 115, 604 +206 85%-Ys June 15 .... 31, 452 102. 567 +909 95!1-% Apr.5 _____ 10,705 116,082 +418 80~-% June lA. ___ !.5, 403 103,030 +463 04%--V. ArJr.u _____ 7, 571 115, 070 -112 80%-% June 18. ___ 22,628 104,478 +1,448 05V.-!4 Apr. 7

fi, 634 115, 737 -233 BOY.-% June 19 ...• 11,557 105, 561 +1, 083 05)4-Y, Apr. 0----- 7, 480 115, 532 -205 80)/z--% June 20 .... 28,101 105, 675 +!14 02~-v. Apr. 10--- 7, 424 115, 282 -21i0 86V.-% June 21. ... 50, 602 106, 546 +871 00-80~ Apr. I! ____ 0, 057 114, 850 -432 86'11-~ June 22 .•.. 33,000 106, 707 +161 OOY.- • Apr. 12-- -- o, 809 114,831 -10 86Yz-% June 23. ___ 20, 430 100,317 -390 03!4-% Apr.la---- 14, 39:! 114,800 -22 85Y,-)4 June 25 .•.. 28,020 108, 190 +1,873 91%-!4 Apr. 11---- 20, 02fl 113, 754 -1 055 85)4-Y, June 26 .••• 30,740 110,288 +2, 098 90~-% Apr.w::::

7, 076 113, 895 +141 84~-% June 27 .... 29,444 112, 124 +I, 836 OOV.-% 36, 877 113, 217 -678 80)1-80 June 28 •... 32,580 112,435 +311 92~-% June 29 .... 25,887 114, 347 +1,012 OlY,-91

10-'4 July June 30.--- 19,481 116, 997 +2, 650 90% Apr.17 47,357 109, 417

future Apr, 18---- -3,800 7W.-'4 1931, Old Sep-Ar". 10---- 20, 008 108, 652 -765 77Y..-78 tember fv.lure Apr. 20·--- 50,510 108, 110 -542 75J/g-75 July 2 .••... 30,410 117, i41 +744 88)4-Y, Apr, 2(--- 28, 048 106, 683 -1,427 75Ys-~ July a ______ 22, 711 119, 580 +I, 848 88~-v. Apr. 2a:::: 10,063 104, 613 -2,070 77-76Ys July 5 ...... 23,201 122,866 +3, 277 OOY.--!4 24,202 103,233 -1,380 76)4-76 July 6 ...••• 10,289 125,482 +2, 616 BOYs-~


TABLE 30.-Daily volume of trading and open commitments in all wheat futures combined and the closing price of the dominant future on the Chicago Boarrl oj Trade, Jan. 3, 1983, to Dec. 31, 19M-Continued

Open commit- Open commit· ments ments

Vol· Vol-ume Closing price ume Clnsin~prlce

Date or Change or dominant Date of Change nrrlnmlmmt trad· from future trad- from ruturo ing Amount pre· ing Amount pre-

vious vions day day

----- --- ---Cents Cents

1934 1,000 1,000 19,,4 Old 1034 New

1,000 September 1934 1,000 1,000 1,000 J)eeember bushels bushels bush•ls future bushels bushels bushels future

July 7 ...•.. 12, 186 126,837 +1,365 80%-)1 Sept. 21 •••• 15,703 151, 890 -!,:JI2 104-04V, July g ______ 2.3, 686 129,324 +2,187 87V.-%' Sept. 22 ..•. 7, 355 151,500 -:l21 104-03?1, July 10 ...•. 22,029 132,338 +3,014 88%'-)1 Sept. 24 .•.. 12,289 15!, !:JO -430 103%-U July 11 ••••• :JO, 071 133, 535 +1,197 93%b Sept. 25 .•.. 29,849 149,425 -I, 705 ww,..u July 12 ••.•. 40,338 134,300 +864 04%'-% Sept. 26 ••.. 17,035 149,352 -73 103%-34 July 13 .•••• 48,384 136, 531 +2, 132 97%'-98 Sept. 27 •... 13,013 148,975 -377 104-03%" July 11 ..•.. 41,717 138,370 +1,839 08%'-% Sept. 28 .••. 11,048 148,349 -626 103%"-% July 16 .•.•. 41,851 140,443 +2, 073 98%-U Sept. 29 •••• 16, 253 146,675 -1,674 103-02%" July 17 .•••. 56,970 14.3,880 +3. 437 90%-% July 18 ••••. 38,716 144,642 +762 100-IOOV. 10.16 Mau July In ••••• 41,635 145,84.5 +1,203 101).(-V. future July 20 .•••• 62, R20 148,473 +2, 628 90V.-U Oct.!. ••... 31,814 144,942 -I, 733 IOO)i-'Ai July 21.. ••• 20,932 150,241 +I, 768 100%'-)1 Oct. 2 .••..• 41,290 141,973 -2,960 mw.-Ys July 23 •••. 44,505 151,091 +850 90%-100 Oct. 3 •••••. 37,662 140,600 -1,37:! 11Wor96%

Oct. 4 •••••• 49,592 138,632 -1,968 07U-'Ai JR.,~ Ne11J Oct. 5 .••.•• 24,136 137, 367 -],2(jfi OW.-08 Deceml1er Oct. 6 ••.••• 16,349 135,821 -1,546 07)4-%

future Oct. 8 ••..•• 16,406 135,466 -365 96%-'4 July 24 .•... 43,305 152,572 +1,481 09).(-~ Oct. 9 •••..• 17,772 134,540 -016 07V.-Ji July 25 •..•. 39,046 153,346 +774 10JY.-IOO% Oct. 10 •••.. 33,176 134,407 -l:J3 90%"-Y, July 26 ••••. 55,772 163,325 -21 oov.-u Or:t. 11 •••.. 42,933 134, 315 -92 J02U-% July 27 .•••. 29,626 152,793 -532 IOIHOOU Oct. 13.. •.• 18,407 134,258 -57 WW.-!4 July 28 •••.• 30,260 153,883 +1,090 1021/...03 Oct. 15 ..•.. 16,156 134,649 +391 !JUj,ji-100 July 30 •••.• 40,1:!3 155, 260 +r.:m 10:!%-ll4V. Oct. 16 ..•.• 2:!, 508 135, 127 +478 JOIV.-% July3L •.• 34, 148 158,274 +3,014 102%'-% Oct. 17 .•••• 16,216 136,218 +~gg~ 100)4-)i Aug. 1. •.•• 51,673 159,692 +1,418 101i)i-IJ5 Oct. 18 .•..• 21,297 137,021 IOOU-Y, Aug, 2 ..••. 53,094 161, 556 +1,864 105H-V. Oct. 19 .•... 21,001 I:J6, 269 -752 ow ... oo Aug. 3 ....• 33,395 161,300 -250 104V.-"4 Oct. 20 .••.• 19, 503 1:!5, 3!1 -95B OWdoi Aug.4 ..... 36,951 163,493 +2. 19:! IOOV.-'4 Oct. 22 •••.. 22, 5:!6 135,258 -63 07V.-Ji Aug. 6 ..•.• 74,968 10:!, 458 -35 uou-~ Oct. 23 ••••. 20,105 134,811 -447 !J7%"-Ya Aug. 7 ••••. 69,312 164,415 +957 110Y.-% Oct. 24 .•••. 17,433 135,128 +317 08!4-V. Aug. 8 ••••• 55,542 164,302 -113 111%'-% Oct. 25 •••.• 25, 83:! 1:!5, 5:!2 -1-404 ow.-u Aug. 9 •.••• 76,335 165,864 +I, 562 113V.-"A Oct. 26 •••.• 34,008 134,805 -727 OOYs-!4 Aug. 10 •.•• 54,732 165, 510 -354 112Y.-11Y3 Oct. 27 ••••• 9, 701 134,295 -510 OliJI.-'A Aug. 11. ••• 51,046 164,412 ·-1,098 107a Oct. 29 ••••• 25,178 l:J:!, 264 -1,031 U4U-'Ai Aug. 13 •.•. 54,979 164,094 +582 ww,.aA Oct. 30~---· 24,844 13:!,240 -24 !J5-05% Aug. 14 .... 43,499 105,715 +721 105-IJ4% Oct. 31.. ••• 2:!,1!72 133,262 +22 04)4--',i Aug.I5 .••. 67,883 163,000 -2,715 10:!%'-% Nov.! ••••• 29,473 134, 0!1 +740 011-05% Aug.l6 ...• 42,225 162,600 -391 103%'-% Nov. 2 .•••• 27,201 133, :!21 -600 1!7-0fJY, Aug. 17 •.•• 38,447 161,945 -664 J03U-"A Nov. 3 .•••• ra, 041 132,072 -340 oo%-Ji Aug. IS .••• 23,033 101, 159 -786 ww,.aA Nov.fi _____ 19,282 132,778 -194 OO?;,i-07 Aug. 20 •••• 27,061 lfi0,321 -838 104V.-D5 Nov.7 .••.. 35,316 131, gog -810 IJOY,-100 Aug. 21. •.• 26,468 159,285 -1,036 1057/...06 Nov. 8 •••.• 28,607 131,778 -181 08%-% Aug. 22 •••. 25,601 159, 611 +a26 I05Y.-U Nov. 9 .•••• 20,171 r:n, 951 +173 ooYa-Ji Aug. 23 ••.. 22,912 160,022 -l-411 I04Y.-U Nov. 10 ••.. w,oao 131,742 -200 !JOV.-Ji Aug. 24 .•.. 21,036 160,332 +310 104%'-ll5 Nov. J:J ••.• 10,517 132, 463 +721 oo)4-% Aug. 25 •••• 14, 4:jg 161, 551 +1, 219 IOW.-D5 Nov.14 .••. 17,383 132,374 -80 00-90Y, Aug. 27 .•.. 22,307 161,460 -01 1oav.-oa Nov. 15 •... 30,401 133,446 +!,072 100)4-V. Aug. 28 ...• 20,734 162,406 +046 102%-% Nov. 16 .... 23,915 132,882 -564 uw ... )1 Aug. 29 .••. 20,595 162,362 -44 JO:l%'-% Nov. 17 ••.. 13,246 r:!a, 200 +4!7 oW.-% Aug. 30 .••• 17,830 160,054 -2, :m8 l03%-ll4 Nov. 10 •..• 15,462 133,305 +6 ooU-% Aug. 31. ••• 22,008 157,805 -2,240 w:w.-~ Nov. 20 ••.• 24,231 132, 169 -1,136 07J-i-98 Sept. 1. .•••• 11, 174 150, aoo -1,406 I03Y.-% Nov. 2L ... 24,515 132,033 +764 U7V.-'4 Sept. 4 ..••• 10,842 !M, 250 -149 104-(J3%' Nov. 22 •..• 16,084 132,604 -2:l9 o7!4-'A Sept. 5 .•••• 32,891 155, 416 -834 101Hl6V. Nov. 23 •••• 22, 115 133,452 +758 07~ us•,-% Sept. 6 .•••• 33,890 104,365 -1,051 107.06% Nov. 24 ••.• 11,206 132,837 -615

07%-l-i Sept. 7 .•••. 39,186 152,883 -1,482 107%'-% Nov. 26 •••• 10,004 132, 144 -no:! Sept. 8 ..••• 19,896 151,991 -802 107~t~ Nov. 27 •.•• 22,788 131,470 -666 118%-V. Sept. 10 ..•• 20,721 !52, 337 +346 1063~-·8 Nov. 28 .••• 32,421 130, 350 -1,129 oo%-% Sept. lL •• 22,291 153,250 +922 107)1--% Nov. 30 •••• 37,940 127,571 -2,770 08%-~,

uo¥.-1( Sept. 12 •..• 23,667 153, 554 +295 roov.-U Dec. 1. •••• 18,572 126,978 -503 oo%-i-i Sept. 13 .•.• 25,326 153, 174 -380 106-06).( Dec. 3 .•••• 26,061 128,009 +1,121 100~ Sept. 14 ••.• 35,057 153,773 +590 waY.-%' Dec. 4 ••••• 21,903 126,309 -1,790

Sept. 15 ••.. 17,703 153,240 -saa 103%-% Dec. 5 ••••• 56,070 125,274 -!,035 JQ:J' 1oa%-'A Sept. 17 ••.. 10,640 154,028 +788 !OW.-'~ Dec. 6 ••••• 32,868 126,429 +1,155 103%-~ Sept. 18 ••.• 15,686 153.745 -283 104Y.-t~ Dec. 7 ••••• 49,438 124,781 -1,648 I03J.t-l 3 Sept, 10 •••• 23,384 153,097 -648 I03Y..-U Dec. 8 ••••• 15, 115 124,842 +61 102%-1i Sept. 20 •••• 17, 196 !53, 202 +105 104~'8-U Dec. 10 •••• 22,092 124,808 -34

WHEAT FUTURES 57

TJ\DLE 30.-Daily volume of trading and open commitments in all wheat futures r,mnbined and the closing price of the dominant future on the Chicago Board of Trarle, Jan. 3, 1938, to Dec. 81, 1935-Continued

Open commit-ments

Vol· ume Closing price

Date ol Change or dominant trad· I rom future log Amount pre-

vlous day - ----- ---

Cents 1034 /,000 1,000 1,000 1035 Mav

bushels bushels bushel• future Dec. 1L ... 12,828 124,487 -321 102--01% Dec. 12 ..•. 14,672 124,105 -322 100)1;-% Dec. J:L .. - 14,47:! 124,384 +211! 101-100% Dec. 14 .... 11. :H~ 125, 09fi +712 JO!V.-G2 Dec. 15 __ -- 10,063 124, 815 -281 101-100'/a Dec. 17 ...• 22, s:l7 124,M2 -27:; 90!/.-99 Dec. 1~---- 18,531 123, 947 -695 99Y.-J4 Dec. JIL .. 10,712 124,401 +454 98%-Ji Dec. 20 .... 13,083 123,791 -610 OHV.-Ji Dec. 2L •.. 18, OJU 123,57:! -218 98Vz-% Dec. 22 •... 10,270 122,323 -1,250 90V.·09 Dec. 21 •... 5, 001 121,741 -682 OO)i-"/s Dec. 211. __ • 8, 431 121,720 -12 90%-V. Dec. 27 .... 7, 320 121,668 -71 09Ji·'-% Dec.~---- 12,048 120, 930 -728 100l~-Ji Dec. 211.. .. 10, 21!3 111!. 060 -070 OW.-"..4 Dee. 31.. .. 11,007 119,288 -672 OW.-Yz

1035

Jan. 2.. ..•. 11, 342 119,2.31 -57 98Y.-Yz Jan. 3 ....•. 12, o5a 118, 501 -070 OO:Y.-!4 Jan.L .... 12,387 118, 705 +144 OW.-"..4 Jan. 5 ...••. 12,760 118, 342 -363 IOOY.-% Jan. 7.. ..•. 20,071 117,715 -627 IOW.-"4 Jan. 8.. .... 11, a85 116, 250 -I,450 101%-% Jan. I! ...... 1.5, 534 115,534 -725 101-Qly,j Jan. 10.. ... 10, 1!47 115, 144 -31JO IOI%-Yz Jan. JL ... 22,950 113, 402 -1,742 09)4-% Jan. 12.. ... 15,620 112,005 -707 OO)i-% Jan.lL ___ 18,324 112, O!J7 -51JH 08y,j-98 Jan. lfJ _____ 41,273 111, :J04 -70:! 05-IJS)i Jan. IL ... 24, 572 110, 15fi -1,148 1!6%-Yz Jan. 17.. ___ 16,018 100, 074 -482 IJ7-97y,j Jan.1H ..... IS, IJIJIJ 100,341 -333 07Yz-% Jan. 19.. ... 12,203 100, 153 -188 08%-% Jan. 21. ••.• lfl,502 100,408 +345 97.)1;-% Jan. 22.. ... 12, 3:l7 108,610 -870 07)4-y,j Jan.2L ... 14,573 108,151 -468 OO:V.-97 Jan. 21 ..... 12, 41!5 107, 504 -587 00%-V. Jan. 2G.. ... 12, 100 107, 1154 +uo 97V.-Yz Jun. 2fL ___ 5, 265 107,717 +113 07)4-Y, Jan. 2lL ___ 17, 34a 107,012 -705 05%-% Jnn. 21! Jan. :1o::::: I5, 700 106, 434 -578 OSy,j-05

0, 015 100, 1114 -Z.IO OGV.-Ji {.~~;"/----- 10,707 105,250 -1!44 06%-~ l'<Jh. z:::::

6, 081 104,424 -820 06-00 1 8 7,660 103, 521 -003 90)4-Yz Jlch. 4. 16,015 102, 380 -I, 1:!6 04~% Feb. 5 ----

i:~g:f::: t:l, 700 101,001 -1,385 94'.-% 8,832 101,207 +200 04:Y.-Yz

Feb, 8----- 12,722 too, s:H -373 OW.-!4 ]'ob. --·-· 11,220 100,480 -354 90)4--% Fob.k--· 10,700 100,018 -402 07Vz-% Feh. 13··-- 8, 830 90,701 -317 06-00y,j ]'eh.!4···- 7, 873 09, 032 +2:!1 07-97y,j Fob. 16···- 6, OI2 90, liOO -342 9W.-% Feb. w···- 9, 700 99,088 -502 07%-t1 1-'oh. 18;-·- 7, 153 98, 304 -724 07:Y.-1 ~ 11eb. Ill ··- 0,232 08,427 +63 08%-90 Feh. 20 ••·· I0,815 98,248 -170 98)4-% ~eh.zC:

13, 134 08, 360 +121 97-G7V. 11,336 07, 047 -722 9W.-J4 .eh. 2:1 11, 196 Feb. zfi""· 07, 511 -136 OOV.-97

Feb. 20:::: 10,020 07,078 -433 97-97jj 11,231 96,501 -577 97Y,-Ji

Date

1935

Feb. 27 ..•• Feb. 28 .••. Mar. L .... Mar.2 ..... Mar.4 ..... Mar.6 ..... Mar. 6 •.... Mar. 7 ..•.. Mar. 8 .•••• Mar. 9 ..••. Mar.IL ••. Mar.l2 ..•• Mar.l3 ..•• Mar. 14. ... Mar. 15 •... Mar. 10 •••• Mar.l8 .... Mar. 19 .... Mar. 20 .... Mar. 2L •. Mar. 22 ..•. Mar. 23 ..•. Mar. 25 .... Mar. 26 ...• Mar. 27 ...• Mar. 28 .... Mar. 20 .... Mar. 30 .... Apr. L .... Apr. 2 ...•• Apr. 3 •••.. Apr. 4. ..•. Apr. 5 •••.• Apr. 6 ..•.• Apr. 8 ....• Apr. 9 ..... Apr. 10 ...• Apr.!L •.• Apr. 12 .... Apr. 1a .... Apr. 15 ...• Apr. 10 •••• Apr. 17 .... Apr. 18 .... Apr. 20 .... Apr. 22 ..•• Apr. 23 .•.•

Apr. 25 '---Apr. 26 .... Apr. 27 •••. Apr. 20 ..•• Apr. 30 ..•. May L •••• May 2 •.••• May3 ..••• May4 .••.. May G ••••• May 7 •. - .• MayS •.... Mayo _____

.. May lQ ____ MaylL .•• May 13 ..•.

ol· v u me

of t rad-!ng

1 ,000 b u shels I 0, -5:J4 9,090 8, 472 6, fJ04 8, 615

1 1, 970 2 7, 771 1 2, 323 6, 295 7, 501

2 3, 633 1 6, 241 1 1, 9.58 1 3, 480 1 9, 396 1 2, aos 20 '987 1 0,815 1 9, 062 2 5. 025 20 '438 I 0, 511 I 2, 986 1 '057 1 7, fo25 1 2,124 0 7 '141l '274

1 1,208 I 1, 8:11 I 2

6 0 '495 '147

I 4, 581 0

20 I 3 3.

5 2 3 4 0 7 2 0

3 3 3 3 3

'202 I 15G '174 '70i '107 ,002 '787 '52:J '108 ':!31

2 1, 270 1 7 23 28

3 3 9 0 4 9 4 7

1 2 3 2

'507 '750 1505

'250 '520 ,600 '461 • 683 '6li5

24 20 2 5 0

20

1 1 3

'089 '696 '077 '253 '040 '000

5 6

23

1 .1

'745 '357 '375 '463

Open commit-ments

Change Closing price of dominant

from future Amount pre-

vious day

---Cents

1,000 1,000 19S5 Mav bv,shels bushel• future

96,212 -280 97V.-98 06,200 +87 979/.-% 96,27:! -2() 98-98y,j 06,366 +93 97V.-"..4 06, 175 -191 97y,j-97 06, 43fJ +261 96-95% 06, 118 -318 96-95V. 95,980 -120 96Y.-06 06,233 +244 96%-'..4 05,401 -772 05Y.-Y. 94,584 -877 93%-% 93,090 -1,404 93Vz-Ji 02, 573 -517 oav.-% 92, 226 -347 02:Y.-Y. 91,572 -654 02V.-"4 91,091 -481 02V.-Ji 80, 5:!8 -1, 55a OlV.-91 88,600 -848 91~-% 88, 536 -154 93)4-"..4 87,82.5 -711 94-94V. 8.5, 972 -1,8.5:1 95)4-% 86,01:1 +41 04V.-04 85, 2.53 -760 93%-V. 84,972 -281 93V.-% 84,845 -127 95)i-Y, 84,888 +4a 94%-% 84, 748 -140 04)4--% 84,445 -30:J 05Ji-% 85, !68 +123 94%-"..4 85, 203 +125 94Vz-% 84,908 -295 05y,j-Ji 84,850 -148 OH-95Y. 84, 192 -658 94Y.-~ 83, 262 -930 04% 82, 686 -576 9-5%-Y. 82, 585 -101 05)4-V. 82, 505 +10 go%'-% 82,403 -!02 08-97% 81,463 -1,030 lOO:Y.-Yz 80, 560 -894 IOOV.-% 81,316 +747 100)4-% 81, 427 +til 102Vz-% 81,241 -186 100%-Yz 80,405 -746 100-100)4 71!, 87G -61U 101Vz-% 70,217 -659 102--01% 78,313 -904 99Y.-oo

1995 Ju(v £ulure

76,562 -1,751 07!4-% 75,041 -1,518 99%-% 74,728 -316 98%-Y. 73,832 -806 909/.-Yz 73,034 -798 90:Y.-Ji 72,800 -234 98V.-98 73, 783 +983 97V.-97 74, 248 +465 07V.-Ji 73, 8I7 -431 96)4 74,029 +212 OOVz-% 72,475 -!,liM 04Y.-~ 71, 900 -506 069/.-Yz 71,180 -789 06V.-oo 70,403 -687 OW.-% 70, 257 -236 04-93% 70,814 +557 92)4--)i

n Feb. 18 193 28 tho rendition or th 6, trading was suspended at 11:13 a.m., lor the remainder or the trading day, owing to

• 'I'rn<lln su e gold-clause decisions by the Supreme Court.

•o '

or a memb~r 018Pended Apr. 24, 10351 pending arrangements lor the disposition of open futures contracts or 'fracto !rom 8~he excdh1ange who baa been granted an Injunction by a Federal court restraining the Board

spen ng the member.


TABLE 30.-Daily volume of trading and open commitments in all wheat futures combined and the closing price of the dominant future on the Chicago Board of Trade, .Jan. 3, 1983, to Dec. 31, 1935-Continued

-Open commit· Open commit-

ments ments Vol- Vol-ume Closing price ume Clo,lng price

Date of Change of dominant Date of Change of dominant trad- Amount from future trad- Amount from future ing pre- ing pre-

vious vious day day

--- -----------Cents Cents

1035 1,000 1,000 1,000 1935 July 1035 1,000 1,000 1,000 W36 8cp-bushels b'ushels bushels future bushels bushels bushels tember future

May 14 .... 21, 070 70,387 -427 92-0!Ys July 27----- 54, 008 80,681 +175 93)i-92Ys May 15 .•.. 14,865 70,230 -151 92Ys--% July 20 ..... 51,765 82,651 +1,970 92%-% May 16 ...• 20,076 69, 737 -499 93Ys-94 July 30 ....• 46,064 86,211 +3, 560 OW.-% May 17 .... 20, 315 70,030 +293 OlYz--% July 31.. ... 58, 232 89,901 +3, 780 OW.-Y, May 18 .... 19,263 60,275 -75.1 91)/g-OOYs Aug. 1. .... 44,666 00,374 +383 93%-Y,: May 20 .... 20,999 70,283 +1.008 !l()-90)/g Aug. 2 ..•.. 49,331 91,613 +1,239 ooy,y, May 21. ... 10, 178 71, 452 +1,1B9 90%-J,.:l Aug. 3 ....• 27, 123 93, 089 +2, 376 8W.-% May 22 .... 13,082 71, 728 +276 80%-90 Aug. 5 ....• 30,152 06, 056 +2,067 91Y,,2 May2.3 .... 10, 858 71,427 -301 90%-)-:( May 24 .... 22,305 71,276 -151 88Yz--% 1035 Decem-May 25 .... 17,429 71,708 +432 87!)/...-Yz ber future May 27 .... 18,315 72,492 +784 8W.-"/a Aug. 6 ..... 36,032 98, 250 +2,194 92Yr% May 28 .... I9, 605 72,715 +223 87)-:(-Ys Aug. 7 ..•.. 39, 614 90, 603 +1,443 02)i-Y, May 29 .... 26,484 72, 523 -192 84Ys--% Aug. 8 ....• 20, 590 100, 845 -\-1,152 91%-92 May 31. ... 29, 42:J 72,900 +377 84-84)/g Aug. 9 ..... 19, 652 10I, 375 +530 OW.-Y, June!. .... 27,384 72,820 -80 82%-83 Aug. 10 ____ 35, 454 100,600 -715 9!Yr% June 3 ....• 23,631 73,642 +822 82V.-Yz Aug. I2 .... 37, 070 100, 368 -202 8W.-% June 4 ..... 20,357 74,616 +074 83Ys-84 Aug. I3 .... 27, 5I7 100, 524 +156 88%-Ys June 5. ____ 14, 738 74,922 +30R 83%-Ys Aug. I4 .... 24, 096 101, 697 +1, 173 88%-Ys June 6 ..... I9, 554 75, 425 +503 84)/g-84 Aug. I5 .... 18, 379 101, 202 -405 89%-Y, June 7 ..... 20,500 75,448 +23 82V.-% Aug. IG .... 22,827 102, 006 +804 9Wr% June 8 ..... 19, 749 75,848 +400 83!/z--% Aug. 17 ____ 19,671 101,500 -506 88%-X June 10 .... I3, 80I 76,129 +281 sav.-% Aug. I9 .... 22,477 102, 544 +I, 044 87%-% June 11. .•. 13,608 76,781 +652 83Yz-~ Aug. 20 .... 19, OI2 I02, 721 +177 8W.-% June 12 .•.. 28,24I 75, 483 -1,298 80%-Ys Aug. 21. ... 37,261 102,918 +107 9lY.-92 June 13. ___ 29, 677 74, 342 -I,141 78Ys--79 Aug. 22 .... 27,074 103, 226 +308 OOY,--91

Aug. 23 .... 30, 823 106, 871 +2, 645 91%-% 1935 Sep- Aug. 24 .... 14,029 106,478 +007 91-90Ys

tember future Aug. 26 .... 18,860 107, 723 +I, 245 OoY,-'/s June 14 .. _. 19,305 74,301 -41 BOY.-% Aug. 27 •... 22,892 108,080 +357 9Q-89Ys June 15. ___ I5, 669 74, 393 +92 79V.-Yz Aug. 28 .... 2.3, 465 107,888 -192 BOX-Y, June 17 .... 17,281 74,718 +325 80Yz-% Aug. 20 .... 2I, 004 108,017 +720 89)1;-80 June 18 .... I9, 697 75,389 +671 8JY.-% Aug. 30 ...• 22,237 108, 185 -432 88%-% June 19 .... 21, 592 76,044 +055 80)-:(-% Aug. 31. ... 26,752 108, 201 +76 BoY.-% June 20 .• __ 23,005 76,482 +438 8!-80% Sept. 3 ..... 17,958 108,467 +206 8W.-% June 21. ... 19, 055 77, 110 +028 81Yz-% Sept. 4 ..... 25,618 108,011 -456 91-00Ys June 22 .... I3, 069 76,957 -153 80Yz-% Sept. 5 ... _. 20, 825 107, 738 -273 92Ji-Y, June 24 .... 15,618 76,550 -407 80)-:(-Vs Sept. 6 ..... 29, 314 I06, 057 -781 92).-2-% June 25 .... I6, 412 75, 946 -604 79%-Yz Sept. 7 ..... 30,047 106,422 -535 ow,v. June 26 .•.. 20,8I2 76,080 +I34 8I)/g-81 Sept. 9 ..... 25, 017 107,431 +I, 000 9W.-X June 27 .... 14,116 76,000 -80 BOY.--81 Sept. 10 .... 22,680 108,341 +910 ow.-v. June 28. ___ 50,714 73, 820 -2,180 85%-Ys Sept. 11.. .. 30,440 109,065 +724 93Y.-93 June 29 .... 44, 076 71,186 -2,634 B5Yz--% Sept. 12 .... 26,627 109, 883 +818 92)/.-Y, July 1. .... 48, 334 69,507 -1,679 87!/z--% Sept. I3 .... 22,914 Ill, 045 +2,062 93Ys-94 July 2 .....• 33, 446 70,739 +!, 232 87)-:(-87 Sept. 14 .... IO, 590 112,400 +455 91-93Ys July 3 ...•.. 29,027 70,456 -283 87-86Ys Sept. I6 ...• 40,578 113, 344 +944 ow.-% July 5 ...... 36,996 70, 280 -176 81Ysa SepL 17 .... 68, 253 112, 995 -349 99%-% July o ______ 33,146 70, ll7 -163 79Y.-J4 Sept. 18 ..•. 46,787 112,270 -725 9W.-V. July 8 ...... 28,828 69,909 -208 80%-Ys

19.16 Mav July g ______ 40,504 69,088 -82I 84Ys-85 July 10 •.•.. 34, 203 68, 18I -907 8W.-J4 future July 11 ..•.. 35,875 69,820 +1,631! 84)4-84 Sept. 10 .••. 56, 303 113,903 -\-1,633 101%-% July I2 .•... 25, 113 70,394 +574 82)-:(-)/g Sept. 20 ..•• 54,352 Il2, 954 -049 !OOtfV. July 13 ..•.. 24,785 7l,OHJ +622 80%-J,.:l Sept. 21.. •• 22,847 114, 263 -\-1,300 99%-Ys July 15 ..... 35,7:!2 72, 583 +1. 567 82%-Ys Sept. 23 .•.• 27, 3I9 115, 594 +1,331 98%-% July 16 ..... 27, 191 72,729 -\-14(1 82!)/...-Ys Sept. 24 .•.. 25,810 116, 135 -\-541 98%-V. July I7 .•... 41, I72 73, 429 +700 BW.--% Sept. 25 .•.. 30,420 116,047 -88 9HY.-V. July 18 ..... 33, 7I4 76, 589 -\-3,100 84%-J,.:l Sept. 26 ..•. 20, 126 116,068 +21 ggV,--98 July IO .•... 26,549 76,485 -104 84\:f% Sept. 27 •..• 32,044 117, I05 -\-1,037 9H~H~ July 20 ..... I6, 282 76,804 +319 85Ys-% Sept. 28 .••. 13, 507 116,727 -378 Ui!-9BY, July 22 ..... 3I, 292 77,733 +929 8Wz--% Sept. 30 ...• 20, 371 116,406 -321 9W.-V. July 23 ..... 34,245 78, 113 +380 84Ys--J4 Oct. 1.. .... 40,692 117,305 +800 !01%-102 July 24 ..... 24,773 78,325 +2I2 80Y.-86 Oct. 2. _____ 92,766 117,051 -254 J00-!05V. July 25 •.•.. 36,243 79,050 +734 86)/g-}:1 Oct. 3 ....•. 55,530 115,001 -2,050 J05YrV.

1 44 I -1 4 .. - - 40 951 116 449 1, 448 JOWr% July 26..... 52,317 80,506 + , 7 89)-:( ~ Oct. +

WHEAT FUTURES 59

TABLE 30.-Daily volume of trading and open commitments in all wheat futures combined and the closing price of the dominant future on the Chicago Board of 'J'rade, Jan. 3, 1933, to Dec. 31, 1935-Continued

Open commit- Open commit-ments ments

Vol· Vol-uroe Closing price ume Closing price

Date of Change of dominant Date ot Change of dominant trad- Amount from future trad· Amount from future log pre- lng pre-

vious vious day day

- ----- --------Cents Cents

1935 1,000 1,000 1,000 1936 May 1935 1,000 1,000 1,000 1936 Mau bushels bushels bushels future bushels bushels bushels future

Oct.L---- 46, 928 117,854 +1, 405 106-105)'8 Nov. 19 ____ 16, 127 129, 485 -396 97 Oct.L .. -- 36,798 118,807 +953 104~-% Nov. 20 ____ 11,272 128,996 -489 96)12 Oct. 8------ 38, 124 119,015 +208 103Y,-103 Nov. 2L ___ 31,946 127,554 -1,442 98V.-Y8 Oct. g ______ 29,833 119,690 +675 103-103Y, Nov. 22 ____ 26, 162 127,239 -315 98)1--3/s Oct. JO _____ 28,512 119,954 +264 104Y.-104 Nov. 23 ____ 28,719 126,431 -808 99Y.-% Oct.1L ___ 30, 118 120,765 +811 103)'8-104 Nov. 25 ____ 30,474 126,465 +34 98~-% Oct. J4 _____ 32,742 121,720 +955 101~-102 Nov. 26 ____ 27,212 126, 585 +120 97Y.-W Oct.1L--- 26,656 123,637 +1,917 102Y.-",4 Nov. 27 ____ 16,655 126,354 -231 97%-',4 Oct.16.. ... 60,647 124,052 +415 100-99% Nov. 29 ____ 29,564 125,631 -723 98Y.-% Oct.1L--- 33, 221 124,457 +405 10W.-",4 Nov. 30 ____ 24,098 125,097 -534 97Y.-~ Oct. JL ___ 30,895 126, 313 +1, 856 IOW.-V. Dec. 2.---- 18, 114 124, 561 -536 9W.-V. Oct. 19__ ___ 33, 532 126,325 +12 lOOY,-99% Dec. 3----- 11,788 124,309 -252 96%-~ Oct.2L ___ 19, 318 127, 177 +852 IOO)i-% Dec. 4 _____ 22, 142 124,620 +311 95V.-Y. Oct.2L ___ 13, 768 127, 610 +433 10()-!00Y, Dec. 5 _____ 21,393 124, 954 +334 95V.-li Oct. 23 _____ 20,746 128,597 +987 99Y.-99 Dec. 6----- 11,785 125,759 +805 9W.-% Oct. 24 _____ 21,060 128, 179 -418 98Y.-99 Dec. 7 _ ---- 17,079 125,606 -153 95~-Ys Oct.2L ___ 19,488 128,795 +616 99Y,.-100 Dec. 9.---- 16, 847 125,682 +76 94%-95 Oct. 26.. ___ 27,496 129, 251 +456 98Y..-li Dec. 10 ____ 20,730 125, 769 +87 95%-~ Oct. 28 _____ 33,205 128,806 -445 96~-Ys Dec. lL ___ 21,608 124. 291 -1,478 95Y..-95 Oct. 20 _____ 40,939 128,324 -482 97Y.-98 Dec. 12. ___ 18,976 122, 333 -1,958 9W.-Y. Oct. 3Q _____ 25,664 128,583 +259 97Y.-97 Dec. 13 ____ 52,831 122,303 -30 lOOY,b Oct.3L ___ 25,351 129,458 +875 98Y..-98 Dec. 14---- 41,888 119,037 -3,266 99-98% Nov. L ___ 16,865 129,338 -120 97Y.-% Dec. 16 ____ 26,263 117,770 -1,267 97Y..-Y. Nov. 2 _____ 10,986 129, 381 +43 97%-98 Dec.17 ____ 18,030 117,500 -270 98-97)'8 Nov. 4 _____ 11,521 130,046 +665 971j-l-i Dec. 18 ____ 13, 635 117, 251 -249 98)-i Nov. 5 _____ 17, 509 130,804 +758 96%-Ys Dec. 19. ___ 14,957 116,557 -694 9W..-~ Nov. o _____ 12, 067 130,883 +79 97Y.-% Dec. 20 ____ 14, 213 116,312 -245 99Ys-99 Nov.L ___ 20,270 130, 224 -659 96~-Ys Dec. 2L ___ 13,932 115,671 -641 99~-% Nov. 8 _____ 26, 507 129, 445 -779 97' .• -Ys Dec. 23 ____ 13,049 114,864 -807 9Wr% Nov. 9 _____ 8, 282 129, 404 -41 96Y,.-~ Dec. 24 ____ !4, 132 1!4, 553 -311 WY..-~ Nov. 12.. __ 20, 585 129,324 -80 95%-~ Dec. 26 ____ 9, 226 113,770 -783 99~-Ys Nov. 13 ____ 32,879 127,974 -1,350 94V..-~ Dec. 27 ____ 28,275 111,942 -1,828 99)i-99 Nov. 14 ____ 27,201 129, 381 +1, 407 96-95% Dec. 28.--- 9,140 110,779 -1,163 99V..-~ Nov. IL __ 39,650 130.835 +1,454 97Y.-97 Dec. 30 ____ 22,468 111,578 +799 lOOY,.-~ Nov. 16 ____ 17, 241 129, 906 -929 96Y..-~ Dec. 3L ___ 23, 519 110,383 -1,195 lOW.-% Nov. 18 ____ 23,509 129,881 -25 96%-%

60 STATIS'l'ICAL BULLETIN 54,. U. S. DEPT. OF AGRICULTURE

TABLE 31.-Daily volume of trading, open commitments, opening, high, low and closing prices per bushel of May wheat futures on the Chicago Board of Trade Jan. 3, 1933, to Dec. 31, 1935 1 '

1933 MAY FUTURE

Range in price Net change lrorn previous day

Volume Open Opening Closing Date of trad- commit- price price

ing ments Open Clos-High Low commit· ing

ment~ price

--- --1,000 1,000 1,000

1933 bushels bushels Cents Cents Cents Cents bushels Ce•l8 Jan. 3 ...•••••••.••..•• 7,042 98,803 4Ws-~ 45~ 44~ 44)1-~~ -649 -)4 Jan. 4 .•.••••••••••.•.. 13,428 98,617 45-45Vs 46~ 45 46Ys-46 -186 tiJ.i Jan. 5 ...••••••......•• 11,577 98,304 46~=-% 46~ 46 46% -313 +% Jan. 6 ...••••.•.•.•..•. 23,679 98,267 46%-~ 48~ 46% 48~-ti -37 +Hi Jan. 7 ....•••••••...••• 17,864 96,241 48%-% 49~ 48% 49-48Y8 -2,026 +~ Jan. 9 ...••••.....•...• 16,818 95,666 49Ys-~ 49Vs 48 48=-48 -575 -I Jan. 10 •••.....••.•..•• 22,010 95,517 47Yii-~ 50Vs 47% 50~-~ -149 t2% Jan. 11 •••...•......•.• 26,937 94,626 50%-Vs 51~ 49Y8 50-49Y8 -891 -% Jan. 12 •••..•••.....•.• 17,729 94,399 50-50~ 50~ 49= 49l4-~ -227 -~ Jan. 13 •••....•.•..••.• 16,493 94,369 4Ws-48Y8 49% 48Vs 48%-'A= -30 -:% Jan. 14 ••.•.......•.••• 12,900 94,811 48~-48 48% 47~ 47~-% +442 -% Jan. 16 ••••••••.•••••.. 22,222 95,883 47Vs-% 48Vs 46% 46~-J.-8 +1,072 -I Jan. 17 ••••.•.•.••••••. 12,262 95,932 46~-47Vs 47~= 46~ 47Vs-% t49 +~ Jan. 18 •••••...••••..•• 13,026 95,865 47~ 47% 46~ 46~-J.-8 -67 -~ Jan. 19 .•••.•••.••••••• 12,044 95,975 47Ys-~ 48~ 47Vs 47~-%= t!IO ti Jan. 20 ••••••••••••.••. 10,752 95,792 48-48Vs 48~ 47% 47)1-% -183 -)4 Jan. 21 •.•••••••••••••• 9,264 95,621 47%-~ 48 46~ 47-46Y8= -171 -J.i Jan. 23 ..••••.••••••••• 6,411 95,548 47-47~ 47%= 46% 47~=-%= -73 t% Jan. 24 .••••••••••.•••. 7,182 95,365 47Vs-Vs 48 47% 48-47Y8 -183 t% Jan. 25 ..••••.••••••••• 6, 752 95,058 48 48% 47% 48%-~ -307 +J4 Jan. 26 .••••••••••••••• 7, 713 94,262 48Ys-% 48% 47Y8 47Y8=-48 -796 -)4 Jan. 27 ...•••••••••••.• 8,475 94,028 47Yii-~ 48 47= 47~-% -234 -)4 Jan. 28 ...•••.•••••••.• 6, 059 93,494 47%-~= 47~ 47Vs 47%-~ -534 +~ Jan. 30 .•••••••••••.••• 2,925 93,203 47Ys-U 47~ 47Vs 47Yr% -291 Jan. 31. •.••••••......• 4,118 92,678 47% 47Yii 47% '47% -526 Hi Feb.!. ••.••••••••••.• 11,706 92,404 47~-47 47Yii 46% 47~-% -274 -% Feb. 2 ••••••••••••••.• 4,230 91,772 47Vs-~ 47%= 47 47Ys-~ -632

---::~ Feb. 3 ••••••••.....•.• 5,352 91,989 47Va-%= 47%= 46~ 46~=-~ t217 Feb. 4 •••••••.•.•..•.• 10,095 91,354 46Ys-% 46%= 46 46~-% -635 -J.i Feb. 6 •••••.••••••.... 11,902 89,863 46% 48Vs 46~= 47~-% -1,491 tiJ.i Feb. 7 •••••••••..•.•.• 7,951 89, 177 47~-% 48 47Vs= 47Ys-~ -686 -)4 Feb. 8 ••••.•••••...•.• 9,898 88,652 47•s=-~ 48% 47%= 48~-Vs -625 ~~ Feb. 9 •••..•.....•...• 10,886 87,907 48~ 49Vs 47Yii 48-47Yii -645 Feb. 10 ••.••..•....... 7, 615 87, 133 47Yii-48 48= 47% 47%=-~ -774 -J.i Feb. 11 ••••••••.•..•.. 5,452 86,412 47Vs-~ 47Y8= 47U 47~-J.-8 -721 +J4 Feb. 14 •••••••........ 10,920 85,568 47Vs-% 47~ 46~ 46~-Yii -844 -1 Feb. 15 ••••••••••....• 10,602 85,456 47~ 48~ 47~= 47)1-% -112 +~ Feb. 16 ••.•••••••..... 6,593 84,347 47)1-% 47~ 47Vs 47Ys-~ -1,109 tl Feb. 17 •••.••••....•.• 10,274 83,973 47~-J.-8 48% 47% 47~-J.-8 -374 -·-::u Feb. 18 •••••••••...... 5, 735 82,943 47~-J.-8 48Vs 47~ 47% -!,030 Feb. 20 ••.••••••.....• 6, 745 81,587 47~-% 47Y8 47~ 47%-~ -1,356

~~ Feb. 21. ••••••••.•••.. 6,169 80, 52! 47%-U 48Vs 47~ 48-48Vs -1,066 Feb. 23 ••.••••.•••.... 7, 289 79,675 48Ys-~ 48~ 47~ 47~=-~ -946 Feb. 24 •••.••••••..... 7, 902 79,001 47Vs-~ 48Vs 47~ 48-48Vs -574 tJ.i Feb. 25 •••.•.•.•••...• 14,606 78,033 47~-% :~~ 46% 47-47Vs -968 -1 Feb. 27 •.•.•.••••.••.• 7,008 77,502 47Vs-47 46~ 46Ys-~ -531 -J.i Feb. 28 •••.•.••••.••.• 9, 756 76,623 46~-Vs 47% 40% 47Ys-U -979 +~ Mar.!. .•....••••••••• 8,851 76,343 47-47= 47~ 46~= 47~-% -180 Mar. 2 •.••••.•••••••.• 11,912 74,396 47%-Vs 47Y8 40% 46Yii-47 -!,947 -J.i Mar. 3 •.••.••••••••••• 26,709 73,055 46Yii-47Vs 49~ 46Yii 48Yii-~ -1,341 tlU Mar. 10 2 •••••••••••••• 13,467 70,478 63-53Y8 53Y8 53 53Yiib -2,577 •+5

-% Mar. 17 •...•.••••••••. 27,005 68,575 56tt:55~ 56Vs li2Y8 53Ys-53 -1,903 -% Mar. 18 ••..•.••••••..• 13,238 67, 116 5Ws-~ 52~ o1Yii 52~-~ -1,469

=~ Mar. 20 ••....•.•.••••• 11,959 64,697 52~-% 52~ 51% 51~-% -2,419 Mar. 21. .•.•...•.•.•.• 12,221 63,224 51)1-~ 52Vs 51Vs 51)1-% -1,473

-lli Mar. 22 ..•••.•••.•.••• 12,018 62, 555 5Ws-~ IH% 50~ 50%-U -669 tlY&' Mar. 23 ••••..••....••• 14,235 61, 579 51-52 52Vs 50~ 51)1-% -976

Mar. 24 ...•••..•.•.••• 11,563 61,711 51%-~ 52 50 • 52-51Y8 +!32 +J.i Mar. 25 •••••••.••••••• 15,506 60,524 51%--U 53~ 51~ 53-52Y8 -1,187 +;% Mar. 27 •.•••...•.•.•.. 11,746 60,308 52%-~ 53 52= 52Ys-Vs= -216

tl% Mar. 28 ..•••••........ 15, 177 59,105 51 hi-52 53Yii 51% 53~=-% -1,203 -U Mar. 20 ..•.••••....•.. 17,038 57,448 53)1-% 54~ 53 53%-~ -1,657 -U Mar. 30 •.•.•••........ 10,775 56,419 53)1-% 53Y8 52~ 52 hi-~ -!,029

'l:tfi Mar. 31 •••••••••••.••• 13,.865 64,.095 53-52Y8 64Vs 52~ 53~-% -!,424 Apr. 1. •••.•..•••••.•. 10,114 53,404 53~-% 54~ 53• 64U-% -!,691

I The equal sign(=), a1 and b appearing as part of a priee quotation indicate, respectively, a split quo· tation, asked price and btd price. JldPY

• Chieago Board of Trade was closed from Mar. 4 to Mar. 15, 1933, Inclusive, due to bank bo ' • See text for explanation.

WHEAT FUTURES 61

TAar,E 31.-Daily volume of trading, open commitments, opening, high, low, and closing prices per bushel of May wheat futures no the Chicago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935-Continued

1933 MAY FUTURE-Continued

Range in price Net change from previous day

Volume Open Opening Closing Date of trad" commit-ing ments price price Open Clos-

High Low commit- ing ments price

------ ------ --1,000 1,000 1,000

1933 bushels bushels Cents Cents Cents Cents bushels Cents Apr. 3 ... ------------- 18, 904 50,054 54%-Ys 55Ys 54% 55%-Ys -3,350 +HI:! Apr. 4 .. -------------- 12,727 47,807 55%-% 56 55 55:Vs-J1\ -2,247 -!4 Apr. 5 .• -------------- 9,864 45,613 55Ys-% 56Ys 55% 56Ys-% -2,194 +1!4 Apr. 6 .... ------------ 11,970 42,824 57:V.-% 58% 57% 57:V.-% -2,789 +1 Apr. 1---------------- 7, 040 41, 374 58-58!4 58!4 56)1\ 57Y.-% -1,450 -!4 Apr. 8 ..• ------------- 4, 309 40,574 57Ys-57 57% 56%= 57Ys-57 -800 -)1\ Apr. 10 .....•......••• 6, 042 38,461 57!4-% 58!4 57!4 58Ys-!4 -2,113 +1!4 Apr. 11 ... ------------ 8, 648 35,795 59Ys-60 60Ys 59Ys 59)/,60 -2,666 +I% Apr. 12 ..••........•.. 6, 166 34,631 59!4-59 59% 58)1\ 58%-Ys -1,164 -1!4 Apr. 13 ..•.......•.••. 10, 142 31, 752 58Y:r% 60% 58!4 60!4-% -2,879 +IJ1\ Apr.15 .••...•.....••. 6, 947 30, 214 60Vs-61 61% 60Ys 61!4-% -1,538 +I Apr. 17--------------- 4,897 28,800 60Y.-!4 60Ys 59% 60%-Ys -1, 4I4 -)1\ Apr. 18 .••. ----------- 6,874 26,732 6Ws-!4 62Ys 60Ys 62%-% -2,068 +2 Apr. 19 .• ------------- 11,364 23,868 64-64)1\ 67% 63% 65-65Ys -2,864 +2!4 Apr. 20 ............... 6, 099 22,474 68-68)1\ 69 66)1\ 67-67!4 -1,394 +2Ys Apr. 21. .....•........ 4,375 2I, 604 66~H/s 67711 65% 65%-'4 -870 -I% Apr. 22 ..•.•...•.•.... 3, 982. 20,.654 64'/"ti 67Ys . 64',4· 67%-'Ys -950' +2 Apr. 24 .. ------------- 5, I95 I9, 407 69-691 ~ 69% 68 69%-% -1, 247 +2 Apr. 25 .........•...•• 4, 264 18,428 68Y.-!4 69% 67711 67Ys-% -979 -2 Apr. 26 ............••• s, 345 17, 662 67)1!-66711 68Ys 66711 68:Vs-J1\ -766 +% Apr. 27 _ -------------- 3, 259 I6, 4I3 68 68% 67% 67Y.-% -I, 249 -I Apr. 28 .•...••.....••• 4, 555 14,724 66Ys-711 66% 65!4 65Y.-% -I,689 -2 Apr. 20 ........•...•.. 8, 638 10,464 67%-68Vz 71 67V. 70Ys-Ys -4,260 +5!4 May!.. .•...•........ 4, 569 6, 537 72!4-71711 72}:( 69Ys 70!4-Ys -3,927 -711 May 2 ..••............ 2, 431 5, 373 69Vs 71Ys 69% 71!4-Ys -I, 164 +1 May 3 ...••....•...... 1, 274 4, 629 71% 73% 71)1\ 11Ys-711 -744 +!4 May 4 ................ 1, 394 4,180 71 72711 71 72711 -449 +I May 5---------------- 603 3, 789 73!4-Ys 73Ys 12Ys 73%-Ys -391 +I!4 May 6 .............•.. 829 3, 455 74-73% 74 72 73 -334 -% May 8 .............•.• 278 3, 3I2 72% 73% 72!!/s 72!!/s -143 -% May 9 ................ 491 3,147 71)1\ 71% 69% 69Ys-Ys -165 -2Vs

a~~ lt::::::::::::: 410 2, 929 71 71!!/s 70% 11Ys -218 +1Vs 687 2, 437 73!!/s 74711 73!4 74 -492 +2Ys 355 2, 296 74Ys 74% 73 73Ys -14I -Ys

a:~ li::::::::::::::: 933 2, 296 73711 73Ys . 73 73'4 --------- -% 113 1, 907 72 72)1\ 71% 72711a -389 -% 22I I, 903 11Ys 72 71Ys 71Ysa -4 -!Vs

~~y \~--------------- 237 1, 723 72Ys 72!!/s 71% 72!!/sb -I80 +J1!

a~~ ~c:::::::::::: 315 I, 502 72711 73 70711 70711 -221 -!Ys 215 1, 325 70)1\ 70711= 69% 70!4 -I77 -!4 140 I, 210 69 69!!/s 68 68%b -115 -I%

M~y ;~--------------- 229 I, I24 68!4 68711 66V. 66%-% -86 -IYs M y --------------- 177 1, 041 67!!/s 68Ys 67!!/s 68!!/s -83 +IYs M~y ~--- ---------- 145 922 69Ys-70 70% 69Ys 70!Vs -119 +1%

m~ fi~~~m~~~~~~m 91 872 BOYs 69% 68V. 69% -50 -%

196 733 70'/s 70Ys 68Ys 70Ys -139 +1Ys 202 605 73Ys 73Ys 73 73!!/s -128 +2V. 572 398 72% 73% 72 72Ys -207 -v. 669 --------- 73!4 73!4 71Ys 72-71Ys -398 -Ys

1934 MAY FUTURE

June 22 1933 225 225 89 88!4 +225 -------------- -------------- -------365 585 -------------- 89 87 --92}:{ _______ +360 -------140 715 -------------- 92V. 91 +130 -------1, 137 1, 468 94!4 99!4 94!4 99-99!4 +753 "":tii"" 2, 328 2,182 101-102 106% 101 105~-105 +714

3, 881 3, 731 101-100 104 99~ 99 • +1, 549 -5Ys 2, 503 4, 403 99)/g 101!4 971 2 JOQ-99Ys +672 +% 1, 676 4, 760 98 101~ 98 100%-V. +357 +711 2, 281 5, 500 103%-104 104 ~ 103 103%-% +740 +3 3, 420 6, 804 106V.-107 108~ 106!!/s 108-107% +1, 304 +4% 5, 053 8, 759 109-109~ 109 106% 10634-7--s +1. 955 -1Ys 2, 999 9, 656 106)4-106 1083 8 105% 107!4-V. +897 +% 3, 551 10,582 109-109~ 110!4 106Ys 106%-711 +926 -Ys 3, 154 11,359 106 108% 105Ys 108%-V. +777 +2 ---- 3, 890 12, 302 108!!/s-107Ys uov. 107% I09%-% +943 +I~


TABLE 31.-Daily volume of trading, open commitments, opening, high, low and closing prices per bushel of May wheat futures on the Chicago Board of Trade Jan. 3, 1933, to Dec. 31, 1935-Continued '


Range In price Net change from

Volume Open previous day

Date of trad- commit- Opening Clo~lng

lng ments price pnce Open Clos-JIIgh Low commit- lng

ments price ------ --- -

1933 1,000 1,000 1,000 bushels bushels Cents Cents Cents Cents bushels Cents

July 11---------------- 6, 211 12,948 111-lll:V. 114 111 113J.t-"A +040 +3!i July 12.. .•....•..••••. 4, 794 14,082 112%:-113 115% 112)4" 114%-% +1,134 t!U July 13 ..••..•.•••••••• 5,149 15,269 115!1-%: 115%: 113!1 113%:-114 +1. 187 -li July 14 •••••••••••••••• 6,129 15,948 113)4"-113 118 112% 118-117!1 +079 +3% July 15 •••••••••••••••. 8, 990 19,223 119)4"-~ 123)4" 118!1 122U-l1 +3,275 +4% July 17---------------- 12,043 21,357 123 127)4" 122%: 126 +2, 134 +3% July 18---------------- 9,039 23,527 127).f-128)1i 128)11 123% 125)4"-125 +2, 170 -li July 19.. ______________ 14,925 24,696 124).f-)4" 125 112 113-114 +1. 160 -ll% July 20---------------- 19,280 25,372 112-110~ 116 97 10Q-101 +670 -I3 July 22 •-------------- 347 25,299 (<) (') (') (') -73 (I) July 24---------------- 7,116 24,983 103-101 103 100 lOOa -316 -~ July 25·--------------- 6, 625 26,539 100).f-101 103% 100)4" lOW.-~ +t,5M +1% July 26.·------·------- 6, 503 27,921 104).f-105 107% 104)4" 107% +1,382 Hl<l July 27 ________________ 8, 706 29, .~01 113-114 115 110l1 1!4)/'.-115 +1,580 +7% July 28---------------- 5,464 30,254 1!2-110!1 113 109% !OOV.a +753 a -5 July 29---------------- 4, 207 30, 166 107)4"-106l1 108 104% 104%a -88 -5 July 31.--------------- u, 603 30,697 102).f-101 102l1 99% 99V.a +531 -5 Aug. L--------------- 1, 605 30,724 104% 104V. 104V. 104V.b +27 +5 Aug. 2---------------- 9, 558 32,301 109% 100% 104%: 108-108)11 +1.577 +3H Aug. 3---------------- 5,431 32,812 107-106Y.i l09l1 106~ 109-108~ +5tt +% Aug. 4---------------- 4, 293 33, I98 106%"-% 107% 105 105V.-105 +386 -3H Aug. 5-----·---------- 2, 546 33,560 105-104~ 105~ 103% 105%-%: +368 +!i Aug. 7---------------- 1, 974 33,772 105Vr105 106 104% 105V.-105 +206 -!i Aug. 8.--------------- 3, 334 34, I 53 105-105)4" 106)11 103Y.i 10.H05)1i +381

""t2~ Aug. 9---------------- 5,053 35,178 105%-% 107% 105~ W7V.-U +1,025 Aug. 10.-------------- 5, 800 35,877 107)/',-108 !OOV. 106% 107l1-:V. +690 +· Aug. H--------------- 9,440 36,568 106%-% 106% 102% 102:V.a +691 1-5 Aug. 12.-------------- 911 36,533 99V. 99% 09% 99%a -35 -2~ .A.ug. 14.-------------- 115 36,557 99% 99Y.i oov. 90%a +24 -------Aug. 15.-------------- 693 37,087 99% 90V. 90% OOV.a +5:l0 ·-:.:s--Aug. 16--------------- 265 37, 106 94% 94V. 94% 94V.a +to Aug. 17--------------- 13,984 40,694 89% 99)4" 80% 97-96~ +3,588 +2 Aug. 18 .• ------------- 8,847 41, 335 97-97~ 98)4" 91% 91%a +641 -6 Aug. 19.---------~---- 6,069 41, 221 9tJ.f-92U 96 9ll1 95!4-l1 -114 +3~ Aug. 2L-------------- 5, 523 41,567 95%-96)4" 96)4" 93)4" 94%-115)4" +346 -v. Aug. 22 •••••.••••••••• 5, 970 42, 105 949/.-l1 97 94)4" 95%-% +538 +V. Aug. 23--------------- 6, 814 42, 661 96 97% 95l1 95~-% +550 ··::2% Aug. 24--------------- 6, 544 43,653 95-94% 96l1 93 93 ~-93 +092 Aug. 25--------------- 6,402 46,535 96-96l1 97 94l1 96%-l1 +1,8K2 +3V. Aug. 26 _______________ 4,173 46,002 97V.-% 98 96)4" 97-97)11 +557 +11 Aug. 28.-------------- 5,866 47,628 96)4"-96 96% 95)4" 95%-% +1. 636 -I)i Aug. 29 _______________ 10,801 48,624 96l1-'4 96% 90% 92)4" +006 -3~ Aug. ao _______________ 10,521 49,900 91%-113 95% sou 94V.-115 +1.276 +214 Aug. 31. ______________ 7, 620 50,625 94)4"- 4 96 03)4" 949/.-% +725 -J.! Sept. L--------------- 4,466 51,726 ow.-% 94l1 03% 94-94)11 +t. IOI -% Sept. 6---------------- 6, 307 51,489 94l1-% 94% 91% 92)4"-:V. -2:!7 -I~ Sept. 6--------------·· 5,835 52,015 92-91l1 92% 00% 02J.f-:V. +526 +'• Sept. 1---------------- 4, 250 52,405 92%-l1 92% 90~ 90%-111 +390 -1!-1 Sept. 8---------------- 9, 594 53,314 909/.-:V. 91% 89 91)4"-V. +UPU +U Sept. 9---------------- 4, 389 53,726 90V.-89% 90% 89)4" 89%-U +412 -~

Sept. 11--------------- 7,712 54,361 889/,-89Ys 93% 88% 92J.f-:V. +635 +aU Sept. 12.. _____________ 7,995 64,847 92)4"-~ 93l1 01)4" 9l:V.-l1 +486 -1

+4'1 Sept. 13.. _____________ 11,010 56,588 92:V.-·~ 96 02% 95%-116 +74I +~8 Sept. 14.. _____________ 13, 38:J 57,781 97).f-08 98)4" 95% 96V.-~ +2. !93 Sept. 15.. _____________ 10,503 58,599 97-117l1 97% 94V. 06V. I~ +SIB •"t3~ Sept. 16--------------- 10,308 59,552 U6).f-96 90% 95% 99rr-% +U53 Sept. 18--------------- 17,901 62,252 101-101~ 101~ 09 99%-% +2. 700 ··+zu Sept. 19.. _____________ 15,095 63,788 !OO).f-99~ 102 98% 101%-102 +1,536

-2 Sept. 20 _______________ 15,842 66, 118 101-lOOYs 101%" 99~ 100V.-100 +2,330 -5 Sept. 21. ______________ 21,033 66,711 98).f-98 98~ 95 95a +503 -1J1 Sept. 22.. _____________ 22,975 66,900 95-96l1 95l1 9ll1 93%-n

+1811 +3

Sept. 2.~--------------- 9,952 68,052 95-116 96% 95 06:V.-1 +I. !52 Sept. 26·-------------- 11,384 68,732 94%-l1 96% 93~ 90:Vs- +680 ..... j( Sept. 26--------------- 12,975 69,239 95~-116 97% 94Ys 94V.-:V. +507 +i~ Sept. 27 ••••••..•••.... 13,803 70,015 94-113% 95% 92% 95:V.-l1 +770 -I' Sept. 28--------------- 9,132 09,974 94-93~ 95 93 OW.-94 -4I _, Sept. 29·-------------- 9, 645 70, 152 95-115 ~ 05~ 93~ 94-113~ +178

a see text for explanation. b uge, • Chicago Board or Trade was closed July 21 and July 22, 1933, by order of the directors of the exc a de!·

except for 15 minutes on July 22, devoted to the exercising or weekly prlvlleges and the adjustment ol tra

WHEAT FUTURES 63

TAJli.E 31.-Daily volume of trading, open commitments, opening, high, low, and closing prices per bushel of May wheat futures on the Chicago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935-Continued


Date

Sept. 30 ______________ _

Oct. 2..---------------0ct. a__ ______________ _

Oct.L---------------Oct. 5 ________________ _ Oct."-----------------Oct. 7.. ______________ _

Oct. 0-----------------0ct. IIJ _______________ _ Oct. IL ______________ _ Oct. I:L ______________ _ Oct. IL ____________ __ Oct. IlL _____________ _

Oct. 11----------------0et. 18 _______________ _ Oct. IIJ.. _____________ _ Oct. 20 _______________ _

Oct. 2'----------------0ct. 2L _____________ _ Oct. 24.. _____________ _ Oct. 25 _______________ _ O!!l.2fL _____________ _ Oct. 27 _______________ _ Oct. 28 _______________ _ Oct. ao _______________ _ Oct.3!. ______________ _ Nov. L ______________ _ No\'. 2 _______________ _ Nov. a _______________ _ Nov.1 _______________ _ Nov.()__ _____________ _ Nov. 7 _______________ _

Ill~:: : : Nov. 20 ----Nov. 21 --------------

~~~.~······::····:~: l!cc.1----------------

Volume Open of trad- eommit-

ing ments

1,000 bushels

8,418 5, 901 4, 884 9. 110 8, I82

22,371 I4, 362 11,730 12,872 7, 527

20. 763 18, IJ6 I8, 849 26, 5I3 28, 236 I9, 267 24, I96 I8, 085 I9, 263 2I, 992 20, 685 I7, 655 21, 170 22,207 2:l. 320 19,324 29, 876 I8, 912 19,442 !.5, 626 17,485 8, 1()3

21, 535 33, 478 25. 377 I9, 449 29, 5G1 35,428 27, 58! 20,885 22, 339 25, 70G 22, 10.5 21,833 26,769 28,483 I4, 977 3I, 624 23, 760 19.619 15, 358 15,057 10,876 18,692 15, 296 I3, 532 16, I92 12, 61! 15,512 10,700 14,660 16,573 IO, 925 10,567 8, 300 7, 771

20,486 I9, 062

'See text for explanation,

1,000 bushels 70, 880 71,024 71, 1R4 71,651 72,066 73, 522 73,067 73,249 73,402 73,966 74,476 72,042 72,669 72,945 71,675 70,301 70,727 60,628 70, 322 72, 5.53 73,904 74, 9fi3 75, 748 73,813 74,759 74, 408 74, 233 75, 905 76,609 77, f04 79,520 80,091 82,748 85,118 86,262 88,250 91,305 92, 542 04, 4:!0 03,966 95,015 96,216 96, OU4 07,442 98,623

IO!, I89 10I, 405 104,074 107, 551 111, 432 112, 879 112,081 1!3, 020 113,041 112, 82U 113, 592 113, 334 113, 635 114, 549 114,868 115,588 115, 715 114,976 115,312 114,959 114, 548 114,060 112,865

Opening price

Cents 93Yz--% 94%-94 92%-93 04)-i-Yz 94Yz--Ys 93%-% 90-90Yz OOY..--J.i 89Yz--% 88-87% 86%-85 79%-78 78J.i-77'U 76Yz--77Yz i9-78Yz 80-79% 79%-80% 85%-86 87Yz 88% 89-88Yz 89-89Yz 90%-90 88)-i-87% 90Yz--J.i 92Yz--9:l 80%-Yz 88Yz-89 87%-88)-i 88%-89 80)4-88Yz 89Y..,--89 88)-i-88 88)4-88 92J/z-93 94Yz-93% 95-95Yz 95%-96 94Yz--% 93-93)-i 94)-i-94 02)4-Yz 91)4-Yz 02Yz-J.i 91-00% 90-89% 88)4-87Y8 88-87% 86-85)4 86-86)-i 87)4-o/1 87%-".4 85%-% 84-83Yz 84%-% 87Ys-% 86%-% 86%-% 85-85% 88Ys-J.i 87%-Yz 86Yz-% 85%-Y, 85-84% 85Ys-85 85 85-84% 84)4-)1 81-81%

Range in price

High Low

Cents 94% 94% 93 7-i! 95)-i 94% 93% 91% 91Ys 89% 89)1 86~~ 81 80Yz 78% 82 82 85'4 86~4 89;-2 90 91% 91 92)1 91% 93Yz OH"8 89)4 88% 90% 91)4 00% 88),1 92Ys 95)4 0·1% 95Yz OG''i 95)-i 94!4 943'8 93 92% 93)-i 91% OOYs 80Yz 88 87 87)-i 88 87% 85% 84% 87Ys 87J-8 87Yz 87)1 87% 88% 87% 86Ys 86% 85% 85Yz 85Ys 85 84% 81Ys

Cents 92)1 93)-i 92Ys 93Ys 93Ys 88% 87)4 88% 87% 87% 82Ya 78 73Ya 71J3 78)4 78'\-4 79)4 84 87Ys 87)1 89 88)-i 87% 88% 89% 88 84 86)4 87% 88;,Z 87% 87)1 88 92),1 92Yz 94;-$ 95 92)4 91Ya 02),1 00 89),1 91)4 89Ys 87% 86% 86 84% 85),1 86Ys 86 83% 83)4 84% 86)4 86% 85 84Y, 87% 86Yz 85 84)1 83~ 83Ys 84 84)4 81Yz 79Ys

Closing price

Cents 94-94Ys 93%-V. 93%-Y. 94%-%" 93:Ys-J.i 89)4-Yz 90%-% 89%-%" 88%-% 88-87Ys 82'/,a 79-78'/g n:V.-74 78%b 81%"-% 81-80% 84?/.--'4 8.5-84'/g 89--89)-i 8~87% 9!)-i-91 88%-% 91%-% 91%-"4 90)4-V. 88?/.--J;.i 86Ys-85% 87%-'/s 90)4-)i! 80:Vs-% 8R%-J.i 88%-J-1 91Ys-9l 04:Vs-95 93:Ys-Ys 943i-Y. 95Ys-D5 92:Vs-% 04%-% OW.-!-8 90)4-90 92:Ys-Yz 92Yz--% 91-90% 87Ys-Yz 88Y8-% 86Ys-86 85Yz-% 86-86Ys 87%-% 86-86Ys 84)4-Ys 84Ys-84 86%-Ys 87-87Ys 87Ys--87 85)4-% 87Yz--% 87'/s-% 86:Vs-% 85)4-% 84%-% 85:Ys-J.i 85Ys-S5 84Ys-%" 84%-% 8l:Ys-Yz 80Ys-%

Net change from previous day

Open C!os-commit- ing ments priee

1.000 bushel$

+728 +144 +!50 +467 +415

+I,456 -455 +182 +153 +-564 +MD

-1,534 -273 +276

-1,270 -1,374

+426 -1.099

+694 +2,231 +1.411

+999 +78-5

-1.935 +046 -351 -li.5

+1,672 +704 +895

+2.0Hl +.57!

+2, 657 +2, 370 +1, !44 +1.988 +3, 055 +1. 237 +I, 807

-473 +I, 049 +1.201

+778 +448

+1. 181 +2, 566

+306 +2, 579 +3, 477 +3,881 +I, 447

+102 +39 +21

-212 +763 -258 +301 +914 +319 +no +127 -739 +336 -353 -411 -488

-1,195

64 STATISTICAL BULLETIN 54, U. 8. DEP'f. OF AGRICULTURE

TABLE 31.-Daily volume of trading, open commitments, opening, high, low and closing price.~ per bushels of May wheat futures on the Chicago Board of i•rade Jan. 3, 1933, to Dec. 31, 1935-Coatinued '


Range in price Net chunge from

Volume Open previous duy

Date ol trad- commit- Opening ------ Closing ing In<mLs price price Open Cios-

High Low commit- ing ments prJ co

--- --1,000 1,000 1,000

1033 bushels bushels Cents Cents Cents Cents bushels Cent. Dec. 22 •• ------------- 17, 4:J1 111, 863 84-85 85 82Y, 84~-Ys -1,002 t3)1 Dec. 26--------------- 8, 140 110, 582 84~-84 84~ 83~ 84-84~ -1,281 -Ys Dec. 27--------------- 14, 804 100, 064 84-83:V. 86% S:l~ 86:V.--Y:! -1,518 t2~ Dec. 28. _ ------------- 15, 457 108,911 80~-86 86~ 85Y, 85:V.-~ -153 -·· Dec. 20 _______________ 16,103 100, 114 85:V..-Ys 85% 83Y:l 83:V.--Y:! t203 -2)1 Dec. 30 .• ------------- 10, /i33 108,800 83:V.-84 85:V. 83:V. 85~-Y. -305 tl:Ys

1034 Jan. 2----------------- 0,889 108,726 8Wz-~ 80% 84:V. 85-84:V. -83 -% Jan. 3----------------- 13,014 107,408 84~-85 86~ 83~ 84~-Ys -I, 228 -~ Jan. 4----------------- 14,808 106, 3:l0 83~-Y:! 85~ 83 84~-% -1,168 +Yz Jan. 5----------------- 9, 040 100,215 84'··85~ 85Y, 83~ 84-84~ -115 -% Jan. 6----------------- 3, 013 105,706 84-84)/g 84%: 84 84:V.--Y. -449 +% Jan. 8----------------- 5, 204 105, 434 84%-Yz 85 84 84~-fla -332 -!4 Jan. 0----------------- 0,460 104,827 84Yz-% BoY. 84% 85-85)/g -607 +~

~~g: ~L::::::::::::: 11,001 104, 255 859/.--:V. 8fJ~. 85% 86%-Y. -572 tlYz 11, 353 IO:J, 525 80~-% 80~ 85~ 85%-Y:! -730 -I

Jan. 12 .... ------------ 13, 705 103, 216 85Yz-%: 87!4 85% BO:V.-87 -270 flY, Jan. !3---------------- 10,777 103, 150 86~-Ys 87~ 86)/g 87%-~ -OfJ +~ Jan. 15---------------- 30,800 101, 486 89-00 01% 89 01~-% -I, 004 t3~ Jan. 16---------------- 21,406 100,200 OOY:..-00, ·oJ~ 89Ys 90~-Ys -1,280 -1 Jan. 17---------------- 20,080 100, 286 80~-Yz O!Yz 89Yz 009/.--% t80 +!i Jan. 18 ••.. ------------ 12,823 09,978 90'..-00 90~ 80Yz 80%-Y:! -308 -1 Jan. JO ________________ 14, 603 90,418 00~-Y:! 01% 00~ 91-01)/g -600 t1!1 Jan. 20---------------- 8, 908 106, 061 91Y.--Yz 01Yz 90~ ooYz-% '+6,043 -Y, Jan. 22---------------- 9, 707 105,959 00~-Yz 90Yz 89Yz 89%:-% -102 -~ Jan. 23---------------- 10,623 105, 201 80%:-% oov. 89 oo:v.--v. -758 +!i Jan. 24---------------- 9,112 105,008 90~-90 00~ 89%: oo:v..-~ -133 -!i Jan. 25---------------- 13,046 104,370 90~-89Ys 90% 88~ 80-88:V. -098 -I!i Jan. 20---------------- s,soa 104, !50 88~-89 89% 88% 80:V.--Yz -214 tv. Jan. 27 ________________ 5,840 104, 000 89:V.--Y. 90% 80% 90~-% -00 +!i Jan. 29. _______________ 15, 731 103,761 91-91~ 92~ 91 929/.--~ -:J35 t2Yz Jan. ao ________________ 19, 360 103,840 93--93~ 03% 92% 03-0Z:V. t85 +!i Jan. 31. _______________ 19, 020 102,789 92~-Ys 02Y, 01)/g Oi:V.~%: -I, 057 -1!4 Fob.!. _______________ 17, 82:! 102,047 927;1-Y. O!l O!Yz ow..-~ -742 --·:.:s Feb. 2---------------- 0,826 101,027 91l1(-!JO:V. 91~ oo:v. 91:V..-~ -420 Feb. a ________________ 10,310 100, 421 01%:-:V. 92:V. 91~ 92~-% -I, 200 ·1-l F'eb. 5 ________________ 14, 640 08,730 92~-03 03% 02~ 92:V.-%: -I, 091 +Yz

Feb. 6---------------- 11, 55:J 08, 158 o2Y.--% 93 92 92:V.-93 -572 +H

Feb. 7 .. -------------- 22,049 06,028 92!1-02 02Yz OOY, oov.--~ -I, 630 -2!4

Feb. 8 .. -------------- !1, 202 90, 344 00~-90 01% 89~ OIY.--~ -284 tM Feb. 0. _ -------------- 14,625 95,099 91~-91 OJ~ 89% OOY,-90 -1,246 -11:1 Feb. JO _______________ 11,110 0.5, 001 89%-~ oov. 88~ 00~-Ys -!!8 +!4

Feb. 13 .. ------------- 10,W!l 95, 347 00-80~ OJ 80% 9Q-00)/g t280 -!4

Feb. 14 .. ___ ---------- 7, 742 05,013 00-00Ys 90% BOY, 90Yz-% -334 +H Feb. 15.-------------- 7, 308 94, 913 009/.--%: 01)/g !JOY, 00~-% -100 +!4

Feb. 16.-------------- 5, 856 03,523 01 01 90% 90~-:v. -!,390 ---:.:u Feb. 17 •. ------------- 4,170 93, 351 OOYz-% 00% 00)/g OOYz-% -172

-1 l<'eb. 19. _ ------------- 0, 543 02,670 90~-Ys 90% BOY, 809/.--V. -681

-1!4 Fob. 20.-------------- 8, 387 92, 112 80-88~ 80)/g 88~ 8B:V..-~ -668

Feb. 21. .•• ----------- 7,1!)3 01, 5!l4 88~-Yz 88% 87Ya 88V.-% -578 +!4

Feb. 23.-------------- 5, 574 01, 310 8RYa 80~ 88 88Y..-88 -104 -0 -!1

Feb. 24--------------- 6,448 oo, sao 87~-% 88 87~ 87%-Yz -510 -1!4

Feb. 20.-------------- 9, 578 80,878 87-80~ 87~ 86 80~-Ys -!152 t1

Feb. 27.-------------- 0, 704 88, O!l3 80~-% 87V. 85Ya 87~-% -045 -Vz Feb. 28 _______________ 7, 080 87, 435 87Y:l 87~ 80% 86~-:v. -1,'108 -Y, ar. L--------------- 0, 554 86,764 86~-Yz 87 85:V. 86~-% -fl71

+1~ ar. 2---------------- 0, 881 85,800 80:V.--Yz 88)/g 80% 87Y.--H8 -!JfH

ar. 3~--------------- 0, 071 84,880 8&-87:V. 88)/g 87% 8&-87Ys -911 ---:.:u ar. 5---------------- 6, 522 84,024 87:V.-% 88 87~ 8W.--Ya -265 -0 ar. 6---------------- 4, 540 84,020 87~-88 88 87Ys 87Y.,-J,11 -004

-I ar. 7 .. -------------- 7, 257 82,040 87~-% 87% 86~ 86~-% -1,071

tU ar. 8---------------- 0,803 82,420 86~-Ys 86% 85Y, BW.--% -629

tY. ar. 0---------------- 5, 335 82, 34!l RWz-% 86:V. 80~ 80%:-~ -77

t1!4 ar. JO _______________ 8,112 81, 703 80~-Yz 88 86)/g 87~-88 -550 t1Y.

ar. 12--------------- II, 7!JO 70,727 87~-:v. 80)/g 87!1 88:V.-80 -2,000 -H ar. 13 _______________ 8,118 78,250 889/.--:V. 80 88)/g BBY:r% -!,408 -U -I, !l78

M M M M M M M M M M M M

' The unusually large change In open commitments was occasioned by a nonclearing roernber of the exchange becoming a clearing member.

ar. 14--------------- 8,000 70, 881 88Y,-% 89}4 88~ 88:V.--~

WHEAT FUTURES 65

TAnJJE 31.-Daily volume of trading, open commitment8, opening, high, lo~,, and cloo~ing prices per bushel of May whea_t future.~ on the Chtcago Board of 7. rade, Jnn. 8, 1988, to Dec. 81, 1935-Contmued


Itange in price Net change from previous day

Volume Open Opening Closing Date ofimd- cummitw lng ments price price Open Clos-

High Low commit- lug ments price

--- --- --- --- ---1,000 1,000 1,000

11131 bushel., bushels Cents Cents Cent., Cents bushels Cents ~Jar. l!j. ____ ---------- 10, 115 75, 347 88)4-88 88)4 ~fi!ii HnY.-~7 -1,.534 -1)4 ~Jar. JL •••••••••.••. 7, ~H1 74,807 86Yz-% 87% 8fi% 87)4-% -540 +!4 Mar.J7 _______________ 7, o:;s 72,874 87V.-Vz 87:V. 87 87V.-Vz -1,naa +!4 i\Jar. lfJ _______________ u, 507 71, u:;o 87-Bfi% 87Ys 85~ 87-87% -038 -Vz Mar. 20 .••.•••.••••••• 7, 473 71. 4:12 87Y.-% 87% 80Vz 87V.-% -504 +Vz r.Jar. :n _______________ 4, Ufil 71, 118 87%-87 87Vz 8flVz 87)4-Ys -314 -!4 'Jar.2L .••.•.•.••..• 5, 020 7o,mm Rli'J4-Vz 87Vz 8fl% 87%-!4 -41!! -------Mar. ~:1.-------------- 2, 1!14 70, 2:~7 87)4-Ys 87Vz 80% 87)1-Ys -412 -------Mar.:bL •••••••.••.•• 3, fi81! 00,700 87Y,-'J4 88% 87Y, 87%-!ii -521 +Vz M[Jr.21L.------------ 4, fl7!J 60, :J34 87%-Y, 87% 8n% 8(i%-'J4 -4:32 -1 lvhtr. ~) _______________ 12, 15!! 57, 77:! H5%-Yz 8V~ 84% 8fiYz-% -1,501 -1)4 MHr. 2H.. .............. o. :Ha 67,045 85~1-Va 80 8!) 85Yz-% -728 -------J\Tar. :w _______________ "1, 27!) 65, 71H 85%-8fl 80% 8!)% ~(;)4-% -1, :127 +!ii Mar. HI. •••••.•••••.•• li,114 04,!J!Jfi HIJY,-86 87 85!ii 8fJVz-X7 -n:l +'J4 Apr. 2 ..•••••....•••.• :{,R:J7 G4, o:JfJ 80:V.-% 86% 85% 80-86% -45~ -1 Apr. :i. --------------- a, 8~2 63,548 85%-Y, 85:V. 85Y,: 85!ii-:V. -U88 -!4 ,\pr. 4_ _______________ 9, 782 02,862 85'1-Ys 87 g,) XG%-:V. -fJ86 +I Apr.;; ___________ ':' ____ 4,012 fj2, 374 86%-!4 8fl'J4 gr,)4 80%-% -488 -Y. Apr. fi ________________ 2, U25 61, 87!) 80%-!4 SG!ii 8GYH 8G!--2-% -1!)5 -------Apr. 1---------------- a. oo2 00, 855 80'1-% HG:V. 80'1 BflYz-% -1,021 -------Apr. o ________________ :J, 31!7 GO, OGI) 80%-!1 86:V. 86!4 HG~~% -790 -------Apr. Hi_ ______________ 4, s:J:l fiR, 762 H6Yz-% 87% 80Vz Xf%-% -1,:303 +!4 Apr. 11.. •••••.•••.••• 3, 026 57,820 8fl!ii-X7 87 8fl)4 ~H!-2-% -!!12 -!4 Apr. 12 ..•............ 7, 482 Mi, 000 8H~k-Yt' HGY, Rfi~ 80!i-U -2,220 -1)4 Apr. l.:i _______________ 11, soa oz,:Ho 84%-V. 85% 84J.{ 85~1-Y8 -:~. 25fi -------Apr. 11 _______________

a, u7o 51, 42:3 85-84Vz 8/i 84Y, H4%'-}~ -022 -v. Apr, !G _______________ 13, 480 47,686 84Yz-!ii 85 80 SOV.-80 -3,737 -4!ii ,\pr. 17 ..•............ 15, 838 41, 470 78%-78 70% 7fJ% 78%-ft -6,216 -1V. ,\pr. 1R ....••...•.•... 5, 7G6 30,760 78Yz-'J4 79% 77% 77%-, -1,710 -'J4 Apr. l!l _______________ 14,347 35, 224 78%-% 77Ys 72% 75-74'!4 -4,530 -2%

;\r,;: ~1::::::::::::::: 7,2In 32,808 75-74'!4 76Vz 74'/, 75%-% -2,416 +% 4, 576 31,084 76 77Vz 7.5% 77Ys-77 -1,724 +1!4 4, 88~ 20, 191 70Y.-Y. 7G:V. 75'!4 76%-% -1,893 -Vz 6,312 26,769 76!4-% 7G'J4 74% 75V.-Vz -2,422 -1 5,1104 24,118 75-74% 70 73% 76-75% -2,651 +V. 4, 322 21,805 75'!4-% 761,{ 74% 7·>'!4-% -2,223 -)i 5, A5S 18,903 75%-Y, 77% 75)4 76!ii-% -2,092 +1 5, 453 10, .522 77Y,-)4 78'!4 77Ys 78%-~ -2,381 +I% 8, 602 12, 944 7BYz-'J4 BOY, 78% 80V.- • -3.578 +2 2, 891 11,595 70%-'!4 80 78)4 78Y.-79 -1,349 -II] -~ ---- !, 507 10,708 70Y, 7!JYs 78 78~ -887 -Y. !, 303 10, 133 7RV. 78:V. 77% 781 s -575 -% !, 388 9, 680 78-77% 79% 77% 7DV.-'J4 -447 +I% 2,188 7, 626 70% 81% 78% 81% -2,060 +I% 1, 751 7, a25 82'J4-83V. 85 82!ii 84Vz-% -301 +2% 1, 304 7, 030 84!4-84 86 83% 85% -205 +I% 809 6, 663 85% 86'!4 85 85% -367 -v. 1, 139 0, 308 85V.-'J4 90% 85V. 90%b -3o5 +5 !, 573 5, 885 91%-% 03 88% 88% -423 -2

(j:J7 5, 587 87%-'!4 8UVz 86% 87Vz -298 -% 480 5, 513 SOY, 87% 85% 80:V.-87 -74 -v. 353 5, 250 87% 88% 87% 88 -263 +I 022 4, 522 87'!4 90Vz 86Ys oov. -728 +2~ 844 3,806 oov. 02!4 89% 91% -626 +'• 812 3, 309 91 01'!4 89Y,: SOY,: -527 -2Ys 702 3, 105 89%-Y, 01 89% 90~-% -204 +1V. 677 2,802 90!ii OIV. OOY, !J01s -303 -j;i 343 2, 583 BOYs 01 89Ys 89% -219 -~ 206 2, 457 80}\\ o1Y,: 89% 90% -126 +Vz 252 2, 272 OOJ.{ 90% 80Vz 00% -185

--+3i~ 748 1, 961 90% 93% OOY, 93~V. -311 315 1,829 03'!4 94'!4 93!4 03. -132 -)i 694 1, 557 94%-05 98)4 94% 08l,{b -272 +5 1,483 817 98-07Ys 98% 071/g 98)4-98 -740

_, 739 --------- 07% 103Ys 97% 103Y,b -817 +5 --

08704-30-5

66 STATISTICAL BULLE'riN 54, U. S. DEPT. OF AGRICULTURE

TABLE 31.-Daily volume of trading, open commitments, opening, high, low 'Jnd closing prices per bu.~hel of }.!fay wheat futures on the Chicago Board of 1•rade Jan. 3, 1933, to Dec. 31, 1935-Continued '

1935 MAY FUTURE

-Range 1n price Net ch.angc lrmn

Volume Open provwu:J day

Ope!ling ---~~- Closing Date of trad· commit- -lng ments prwe price Open Clos-Bigh Low commit- lng

ments price --- --

J,Of!O 1,000 1,1)()1) 1934 bushels bushels Cent a Cents Cents Cents lnlsheu Cen11

July 19 .•..•••••.•.... 5 5 ~-------------105 105 -------------- +fi -----·· July 20 ................ 5 -------------- -------- -------- -------------·· --------- -------

s

July 21. ............... '""iiiii" 5 -------------- aioiii.r iiiiii%'" -------------- ""+iiiii --------July 23 ................ 105 -------------- --------------July 24 ................ 320 405 ·ioiv.·--····· l03Y.i 101% -------------- +300 July 25 ................ 91!0 1, 275 103~ 101~ ·ioi*v.--·-- +870 -------July 26 ................ 1,557 2,126 103~ 104% 101 +851 July 27 •••••.••••.••••. 2,027 3, 487 103)4'-~ 103~ 102 102% +1,861 '"t~ July 28---------------- 2,146 4, 729 103Vrrl4' 1051 s 103V. 105V. +1,242 +2 July 30 ................ 8. 285 6,070 105J+-~ 100~ 104% 106:Vrr~ +1,341 t1~ July 31. ............... 3,278 7,590 105Yrr106 106 104~ 104Yr~ +1,520 -1 Aug. 1.--------------- 4. 779 9, 799 105~ 107% 105% 107)4' +2,209 t2J.i Aug. 2 ••••••••••.•.••. 5. 660 12,257 107).4 108% 106% 107)4'-% +2,4M '"::ji Aug. 3 ................ 3,998 13,698 107:Vr~ 107% 106% 107~-107 +1,441 Aug. 4 ................ 4, 704 15, 028 10fH08% 109~ 107~ 109Y>r108% +2,230 t2 Aug. 6--------···-·-·· 9,413 19, 162 1011-109~ 113~ 108% 112~113 +3, 234 tl Aug. 7 ---····-··---·-- 11,095 22,387 114-114~ 114~ 111% 113•·-~ +3,225 t~ Aug. 8. ··-·-···------- 10,073 24,931 1139/r~ 115V. 112~ 114%-% +2,544 t1 Aug. 9---------------- 13,914 27,833 11/i 116% 113% 116Yr% +2,992 t1J.i Aug. 10.-------------- 10, 111 28,929 115Yr% 117 114% 115V.-115 +1,006 -1~ Aug. 11 ............... 11, 566 30,393 111-110 113~ 1110 !lOa +1,464 -6 Aug. 13 ............... 13,348 32,059 108--109~ lllV. 108 110!4'-V. +1,666 +J.i Aug. 14 ............... 9,857 33,254 110%-~ lllU' 107% 108Y>r108 +1,195 -2V. Aug. 15 ............... 10, 611 34,842 107~-106~ 107% 105~ 106*'a +1,688 -1)1 Aug. 16 ............... 10,960 35.932 108J1--100 109 106 106%-'• +1,000 .poooo#

Aug. 17 ............... 10,092 36,952 10tH05% 106% 104~ 105:Vr~ +~~~ -1 Aug. 18 ............... 5. 687 37,757 105~ 107!.11 105% 10Wrl4' t~ Aug. 20 ... ------·-···· 6,118 38,673 106~-107 107~ 106~ 106~~ . +916 tJ.i Aug. 21. .............. 6, 761 39,782 107~~ 108)4' 107% 107~-~ +1,109 +~J.i Aug. 22-------------·- 6, 663 41,001 108-- OBV. 108~ 107 107Yrrl4' +1,219 Aug. 23 ............... 6, 935 42, }.';2 107-106% 107~ 105~ 106-106% +1,161 -IV.

Aug. 24 ... ------------ 6, 472 43,511 106)4'-106 106% 105% 100~-% +1,860 +~ Aug. 25.-------------- 5,107 44,911 106J1--% 107~ 106% 106%-~ +1,400 -~ Aug. 27 ............... .6, 769 45,629 10Wz--% 106~ 104% ~g~jt!05 +718 -1~

Aug. 28 ............... 6, 970 46,818 104J1--V. 104% 104 +1,189 -J.i Aug. 29 ............... 6,057 47,767 104Yr105 106)4' 104% 105!4'~ +949 +~ Aug. ao _______________ 4,488 48,503 105)4'-~ 105~ 104~ 1o5i4-w5 +730 -Yl Aug. 31.-------------- 4,852 49,162 105~ 106 104~ 105--104% +659 -)i

Sept.!. ............... a, 011 50,254 105 105Ys 104% 104~-105 +1,092 ... ::)i Sept. 4---------------- 5,507 51,325 104--103~ 105 103~ 104 a-~ +1,071 Sept. 5 ................ 10,544 53, 631 105--105~ 107)4' 104% 107-107V. +2,800 t2~

Sept. 6 ................ 11,088 55,182 107:Vr~ 10~% 107% 107~-% +1,661 til

Sept. 7 .•••••••.••••••• 12,961 57,452 107!4'-V. 108~ 106~ 10~~-'A +2,270 +!ti Sept. 8 ................ 6,806 B8,184 108Yrl4' 109V. 107~ 108-107"' +732

+~ Sept. 10 ............... 8, 522 59,505 107%-~ 108~ 107~ 107%-~ +1,321 Sept. 11 ............... 7,950 61, 134 107!4'-Ys 108% 1071 s 108!4'-1 8 +1,020 -Ill Sept. 12.. ............. 9,940 62,644 108J1--~ 108% 106% 106%-107 +1,610

:~ Sept. 13 ............... 0,155 63,268 106J.f-~ 107 105% 106~-~ +624

Sept. 14 .. ------------- 13, 569 64,864 107-106% 107 104)4' 104%-l-4 +1,596 -u Sept. 15 ............... 7, 506 65, 124 104!4'-V. 105!4' 104 1041j )4' +260 t1

Sept. 17 •••••••.••.•••• 8,239 66,584 104%-Ys 105% 104Ys 1osrf-v. +1,41l0 -U Sept. 18 ............... 6, 712 67,308 105 105% 104V. 104~~ +724 -IU Sept. 19 ............... 10,843 68,539 104!4'-104 104)4' 102% 103 ·- 8

+1,231 t1U

Sept. 20 ............... 7, 500 69,388 104-104)4' 104% 103~ 104~ +849 Sept. 21.. ............. 6,996 69,632 104-104~ 104~ 103)4' 104~!-4 +244 ---····

ept. 22 ............... 3,140 69,952 104~-% 105V. 104% 104 % +320 ....... +750 - 1

Sept. 24 ............... 4. 673 70,702 104~-% 104% 103% 1039/di +216 +1)l Sept. 25 ............... 11,924 70,918 102ft'A 104~ 102 104~-~

Sept. 26 ............... 7,019 71,603 104)4' 104% 103~ wa•.-% +086 +~ Sept. 27 ............... 4,851 71,975 103~-~ 104~ 103% 104-104% +372

+651 -Sept. 28 ............... 4, 001 72,526 103~-~ 104 103% 103~% +474 -~ Sept. 29 ••••••••••••.•• 5, 900 73,000 103-- 02~ 103~ 102~ 103' 103 Oct. !. ................ 12,865 72, 260 102)4'-~ 1027s 100 ~ 100 ~-11 -740 -,

Oct. 2----------------- 17,440 71,495 100-99~ lOOV. 98~ 99~-v. :I~! :au Oct. 3--------···------ 16,369 71,394 99-98a, 99~ 957 s 96~n5~ +830 till

ct. 4 •••••••.•••.••••• 20, 538 72,024 96l1--97 97~ 94% 97.-% -239 tfl 0 Oct. 5 •• ---------······ 10,497 71,785 9Ws-98 98~ 96% 97%-98

d quotation a Price at which trade was made, but no quotation recorded by the Ohicago Board of Tra e

department.

WHEAT FUTURES 67

TAJJJ,Jo: 31.-Dail?J volume of trading, open commitment.~, OP,ening, high, low, anrl dosing price.~ 11er bushel of Ma?J whea_t fut·ures on the Ch~cago Board of Trade, .fan. 3, 1.938, to Dec. 31, 1935-Contmued

])ate

!034 Oct. 0 .. . --------------Oct. 8 .. . --------------Oct. II .. . --------------

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Oct. 10 .. Oct. I!.. Oct.13.. Oct.15.. Oct. 16 .. Oct.IL Oct. 18 .. Oct. IU.. O<:L. 20 .. CM.22.. Oct. 2.1.. Oct. 24.. Oct. 25.. Oct. 2r.. Oct. 27. Oct. 211 .. ocL. :m_ Oct.3L Nov. I.. Nov.2 .. Nov. :t_ Nov. 5.. Nov. i __ Nov.L Nov.O .. Nov. '10 Nov. l:l Nov. 14 Nov.15 Nov.lfJ Nov. 17 Nov. 10 Nov. 20 Nov. 21 Nov. 22 Nov. 23 Nov. 24 Nov. 20 Nov. 27 Nov. 28 Nov. :lo Dee. 1. Dec.:t_ Der. 4 Dec. s::

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------~-------- -----------------------------------------------------------------------------------------------------------------------------------------------------------.. ______________

---------------------------------------------------------- -----------------------------------------------

Dec. 6_ Dec. 7. Dec. 8_ Dec. 10 Dec. II Dec. 12 Dec. 13 Doc. 14 Dec. 15 Dcc.17 Dec.Js Dec.Jo Dec. 20 Pee. 21 Dec. 22 Dec. 24 Dec. 26 Dec. 27 Dec. 28 Pec.2o Dec. 3!

------------------------------------------------------------------------------------------------------------------------------ ~------- --------------------------------------------------------------------------------------------------------------------------------------------------------

Volume or trad-

lng

1,000 bushels

6, 871 7,360 8,031

14,300 10,080 8, 542 7,818

11,505 7,132

10,115 9, 787 8,985

14,262 13,914 12,358 17,303 21,401

6,105 15,470 15,222 14,425 18,383 17, 203 8, 26:1

12,130 24,185 19,106 1:l, 308

6, 719 12,819 12,802 21,353 15,885 8, 341 0, 782

16,302 16,309 10,105 14, 073 7, 028

13,186 15,177 21,381 20,605 12,185 18,984 14, 774 42,801 24,251 38,378 12,293 17,869 10,300 12,255 10,740

9, 121 7,680

18,330 14, 580 12,414 9,820

13,907 7,640 4,602 6,501 5, 720 9, 585 7, 305 7,881


Range in price

Open Ope!ling commit-ments pnce

High Low

1,000 bushels Cents Cents Cents 71,075 os..osu 08)1 117)1 71,041 08-98% 98% 96% 70,813 96%--!1 97)1 96% 71,028 07Vs-l1 99]-i 97% 71,374 100~% 102% 100% 71,689 10Jls-100 101V. 99% 72.284 100tt'% 101U 99% 72,928 99%-100 102 09)1 73,622 101U-% 101% 100J<j 74,512 99%% 100%' 99V. 74,679 o9a::9J. 99% 98% 74,429 98)1--J.<I 98Y, 97)1 75,262 08-08V. 09U 07V. 75,595 97~8 98% 97Y. 76,474 98Y.-~ 98% 97)1 77,204 98)1--,. 98),1 96V. 77,809 95V.-% 96J<j 94)1 77,769 96U-Y. 96)1 95% 77,369 96U-J1 96% 93% 78,195 04-94% 95% 93% 78,992 94% 95J4 93)1 80,050 05)1-95 90 94% 80,839 06-96% 07J<j 95}8 81,293 96]-i-97V. 97% 9B~ 82,483 06%-J-1 97 96 83,017 97%-!1 100 96l's 83,670 100Ys-99% IOOJ<j 08Yz 84,388 99-09V. 99:¥4 98% 84,065 DOVs-U 99V. 99V. 85,720 99--98% 99% 98)1i 86,!63 99%-J.<I oou 98)1 88,240 98]-i..3,4 101 98)1 88,506 00%-% 100),1 ouu 89,288 99J4-V. 90% 90 89,752 99)1-% 100~ 99% 89,477 99%-!1 99•, 97% 91,264 97Vs-% 98V. 96% 91,338 08Ys-J1 98% 07% 02,864 07).1 97% 96% 92,664 98)1·% 98% 98~ 92,355 09--98% 99 97)1 93,690 97%-% 98~ 97% 06,103 99V.-~ 100. oov. 00,183 oo-os•. 09~ 97%

100,054 99~-09 99% 99 101,528 100-lOOU 100% 09U 102,781 09U-:V. 100% 98% 103,078 100]-i 101V. !flo W0!-'8 105,698 103Vs-% 104~ 103Y, 103,706 104-104% 105~ 102% 104,000 103%-104 104 102% 104,288 102Y~~ 103 101% 104,390 102%-- • 102).1 101% 104,163 101~ 101% 100% 104,292 101 .-:v. 101).1 100% 104,842 101-101~ 102 100% 104,525 101Vs-% 102% 100% 104,041 100)1--% 100).1 90 103,082 09%--% 100 98% 103,388 90% 99% 98U 102,044 98~-l-i 98% 97% 102,801 97 .-v. 08% 97V. 101,814 98%-V. 00% 08% 101,343 OWs-~ 90).1 98ti 101,425 90%-•. 100~ 09% 101.208 99%-!1 99'• 00"-100,437 99~-v. 100~ 98!4 09,726 100!!:!1 100~ 09% 99,327 90%-% 100 99Ys


Closing price Open Clos·

commit- iJ!g ments prwe

--Cents

1,000 bushels Cents

97)1--% -710 -)1 96V.-% -34 -% 97Y.-U -228 +~ 00~-% +215 +2'2

102U-% +346 +2' 100%-)1 +315 -1• OOYs-100 +595

_, 101)1--% +644 +1 100)1--U +604 -lV. lOOJ<j-Y, +890

_, 99Y,-99 167 -1J4 9Wrlj -250 -11 97V.-J4 +833 -,. 97%-V. +a:la +' 98J<I-Y8 +879 + 06¥.-J.<I +730 -2 96V.-~ +605 ---:..:i-95V.-·· -40 04~-% -400 -1' 95-95)1i +826 +• 94)1--% +797

_, 95-95% +1. 067 +1 97-967,~ +780 +I 96%-~ +454 -·· 96Ys-97 +1.190 +· OUV.-100 +534 +3 98%---'Ai +653 -1. 09Y.-~ +718 + 99Ys- • +277 -·-+--09)1--% +1,055 ~9--1!9~/s +443 _,

100)1--% +2,077 +1 99Y.--J1 +356 -1 99)1--% +692 -·-+-99%-V. +404 97)~-98 -275 -J3 07%-U +1, 787

_, 97).-1.-% +74 -071-:t% +1. 526 ":ti" 98%-% -200 9Ws-V. -309 -1 98%-% +1, 335 +1 90Y.--% +2, 413 +• 98%-ti +3,080 -1 90%-•. +871 +1 99¥.--!1 +1,474 -

IOOU-% +1, 253 +• 103%-104 +1,197 +a• lOWs-% +1,720 _, 103Vs-V. -1,902 ------103Y.-103 +204 -!02Vs-U +288 -102-101% +111 -• 100%-!l -236 -1 101-100.>.( +120 + lOIYo--102 +550 +1 101-IOOV. -317 -1 90Y.--99 -484 -2 99%-!:1 -059 + 98jt ~ +306 -1 981 .--~ -444 98jt% -143 -- +-9Ws-OO -087 +' 90~-:v. -471 + 0034-V. +82 + 90~-:v. -217 -100Ys-~ -771 +1 90%-% -711 -99Vs-J1 -399 -

68 STATISTICAL BULLE'l'IN 54, U. S. DEP'r. OF AGRICULTURE

TABLE 31.-Daily volume of trading, open commitments, opening, high, low and closing prices per bushel of May wheat futures on the Chicago Board of Trade Jan. 6, 1933, to Dec. 31, 1935-Continued '

1935 MAY FUTURE-Continued -Range in price Net chango from


Date of trad- commit- Opening Clo~ing

ing ments price pnce Opon Clos-lligh Low commit- ing

ments price --- --

1,000 1,000 1,000 1935 bushels bushels Cents Cents Cents Cents bushel8 Cent1

Jan. 2 •••.....•.••••..• 8.419 98,533 90%-%: 99%: 98\.i 98%-711 -794 -1 Jan. 3 ••.....•......••• 10,276 97,755 98%-Y.f 100)/g 98% 99%-711 -7i8 +1 Jan. 4 .....•.•........• 9, 069 97,565 99%-100 100)4 99 99%-%: -190 +Ji Jan. 5 ...•.••..••.•••.• 10,475 97,071 99),1--Y, lOOY.( 90)4 100%-%: -404 +1 Jan. 7 .•.•.•••.•••••.•. 16,101 00,418 100711-% 100% 100711 101%-%: -61\3 tl Jan. 8 .••••••.••.••.... 14, 008 94,721 101Y.--71! 101:V. 100% 100%-% -1,607

---=~4 Jan. 9 •.••.•..•••...... 12,080 93,933 101%-711 102)/g 101 101-101)/g -788 Jan. 10 •.•••..•...•.... 8, :i50 93,426 101)/g-:Y, 102 100% 101%-711 -507 Hi Jan. 11---------------- 16,744 91,695 101)4-101 101)4 99)4 99)4-Y, -1,731 -2)4 Jan. 12 .•.•.•...•..•••• 10,470 00,805 08%-% 09711 08~ 90)4-V. -800 ··::jj4 Jan. 14 .•.•.•......•.•. 13, 972 89,962 99)4-V. 99~ 97'~ 98);,\-08 -843 Jan. 15 .•...•••..••.••. 28,509 88,890 98-97:V. 98~ 95 95-95)4 -1,072 -27,8 Jan. 10 .•...•••.•••.... 16,962 87,782 95'-,;'-96 oo•, 05% 96%:-711 -1,108 +1!4 Jan. 17 •..••..••••..... 11,485 87, 146 90Y..--% 97)/g 96)/g 97-97)/g -036 +% Jan. 18 •.••• ----------- 11, 590 86,556 97)4-710 98 97 97),1--% -690 +!4 Jan. 19 •.•• ------------ 9, 235 86, 189 97Y..--% 98% 97% 98Y.--~ -367 +Hi Jan. 21.--------------- 11,083 85,992 98),1--~ 98711 96% 97}'8--'· -197 -I Jan. 22.--------------- 8, 85:! 85,342 97%-" 97711 DB% 97)4-Y. -650 -% Jan. 23 .•. ------------- 10,523 84,868 97711-% 08 96% 96%-97 -474 -u Jan. 21 .... ------------ 8, 792 84,232 97-96:V. 97)/g 96!/g 91J%-:V. -636 -~ Jan. 2fi ________________ 8,.,18 84,172 96%'-% 97711 06)/g 97%-711 -60 +~ Jan. 2fi.. ______________ 3. 784 84,040 97%-Y. 97% 97 97)4-Y. -132 _,, Jan. 28.--------------- 12,828 83,280 96%-Y. 96% Oli)i 95%-% -760 -Hi Jan. 29.--------------- 11,700 82,779 95)4-a 96)/g 05 1!5);,\-95 -501 -~ Jan. 30.--------------- 6,837 82, 550 95)4-V. 96)4 ll5)/g 96)/g-)4 -220 tlli Jan. 31. .... ----------- 8,05B 81, 5GO 9B-96)/g 96:V. 90 96Y..--J4 -909 ··-::R Feb. 1.--------------- 4, 962 80,882 96Va-71! 9B71! 95711 91l-96)/g -678 Feb. 2---------------- 5, 392 70,981 95:V.-% 06711 96% 96)4-~ -901 t% Feb. 4---------------- 10,800 79,203 95:V.-% 96)/g 94% 91711-•. ~778 -1~ Feb. 5.---------------- 9,168 78, 352 94%-% 04% 93% 94%-% -851 +''' Feb. 6.--------------- 5, 928 78,052 91%-)4 94%: 93:V. 94%-JA.l -300 -u Feb. 7 _ --------------- 9,144 77,388 94)4-~ 95% 94)/g osY.--711 -664 +1 Feb. 8---------------- 7, 980 77,052 9.1% 9G% 05~ 96),1--% -336 +1 Feb. 9----------------- 6, 008 76,422 96%-:V. 97% 96'• 97Vz--V. -630 +I Feb. 11--------------- 6, 545 76,027 96%-)4 96711 95% 9B-96!/g -395 -1)1 Feb. 13--------------- 5,196 75,780 96)4-Y. 97)/g 95:V. 97-1!7~ -247 t1 Feb. 14--------------- 4,436 75,384 96:V,--~ 97)4 96)4 90%-"• -396 -Ji Feb. 15--------------- 6,817 74,691 90711 97% 96711 97%-711 -693 ~~ Feb. 16--------------- 4,506 74,071 97),1--V. 98 97)4 97Y.--J4 -620

Feb. 18 '-------------- 6,131 73,665 97)4-97 99~ 96711 98%-90 -406 +Hi

Feb. 19 ••• ------------ 12,909 72,679 99)4-99 99% 98 98)4-V. -986 -H Feb. 20--------------- 9,160 72,729 97%-%: 98)/g 96% 97-97~ +50 -~~ Feb. 21..------------- 7, 407 72,246 97)4-V. 97:V. 97 97%-711 -483 Feb. 23--------------- 6,884 71,718 97-06:V. 97J,i 96711 96%-97 -528 Feb. 25.-------------- 7,114 70,813 96711-V. 97711 96~ 97-97);,\ -905 --·:m Feb. 26.-------------- 6,107 70,093 97)4-V. 97:V. 96•,. 97Va-J4 -720 Feb. 27--------------- 5,867 69,496 97~ 98 97 97:V.-98 -597 tl4

Feb. 28.-------------- 4, 280 69,123 97%-98 98)4 97)4 97%-% -373 +~ Mar. 1.--------------- 4,969 68,732 97%-Y. 98~ 97 98-98)/g -391 Mar. 2---------------- 3, 784 68,749 98--98)4 98U 97~ 97%-~ +17 -M Mar. 4---------------- 4, 764 68, 158 97-97)4 97711 oo•, 97)/g-97 -591 -~i

Mar. 5---------------- 8,175 68,156 96)1-~ 96% 95~ 91l-95:V. -2 -I

Mar. 6---------------- 17,874 67,464 95%-711 97% 94% 9&-95),11 -602 -1

Mar. 1---------------- 8,262 67,160 95)4-710 96)4 95)/g 96:Va-96 -30•1 tl

Mar. 8---------------- 3, 071 67,053 90-95%: 96% 95% 9Wa-J4 -107 ~~ Mar. 9---------------- 4, 773 66,303 96:V.--96 96)/g 95~6 95%-711 -759 -Hi Mar. 11--------------- 14,959 65,302 95-94~ 95 92711 93%-~ -1,001 -% Mar. 12--------------- 10,294 64,243 93%-% 94)/g 93 93),1--)4 -1,050 +% Mar. 13--------------- 7, 753 63,617 93711-"Ai 94 92;,( 93%-% -626 -IJ4 Mar. 14--------------- 9,065 03,331 94--93:V. 94 92)4 92~ -286 +U, Mar. 15--------------- 12,483 62,166 92¥.--J.S 93% m~ 927 % -1,176

-736 -h Mar. 16--------------- 7,491 61,420 93-93)4 93% 92 92J-i-U -1!4 Mar. 18--------------- 13,499 59,897 91)4-91 91711 90711 91:Va-91 -1,523

+'~ Mar. 19--------------- 6, 763 59,104 91)4-91 92 91 91%-% -793 +1f

Mar. 20--------------- 10,848 58,370 92 93~ 91% 93),1--% -734

+\~ Mar. 21.-------------- 13,605 57,277 93tfJ4 94% 93 94--94),11 -1,003

Mar. 22 •• ------------- 12,818 55,733 94%-% 95% 94)4 95)4-"Ai -1,544 -1!4

Mar. 23 ••• ------------ 95 -236 6,150 55,497 95-94~ 94 94),i-94

7 On Feb. 18, 1935, trading was suspended at 11:13 a.m., for the remainder of the trading day, owing to the rendition of the gold-clause decisions by the Supreme Court.

WHEAT FUTURES 69

TABJ,E 31.-Daily volume of trading, open commitments, opening, high, low, and cloo~ing prices per bushel of May whea_t futures on the Chicago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935-Contmued



Volume Open Opening Clo~lng Date of trad- commit-ing ments price pnce Open Clos-


--- ---1,000 1,000 1,000

1935 bushels bushels Cents Cents Cents Cents bushels Cents Mur. 2"--------------- 7, 379 54,877 93%-Yz 94 93 93%'-:ii -620 -7i Mur. 2fi.. _____________ 5, 276 54, 516 93%-94 94Yz 931\i 93Y.-% -361

""+i~ Mur. 27.. .. ----------- 8, 644 53,968 94Y.-% 95:1i 94Yz 957i-J.i -548 Mar. 28..------------- 6,080 58,751 95-957i 95)/z 94% 94%-% -217 -Yz Mar. 29 .... ----------- 4, 653 53,118 94%-% 95 94% 94Y.-% -633 -~ Mur. 30--------------- 4, 129 52, 511 94%'-:ii 95% 94% 95)4-% -607 +'• Apr. I.--------------- 5, 290 52,456 957i-Ya 957i 94)4 94Y.-% -55 -Yz Apr. 2---------------- 5, 04.1 52,170 95-95)1 9-5% 94)4 94Yz-% -286 -~ Apr. 3---------------- 8, 281 51, 549 94%-Yz 957i 94 95%--!4 -621 +'• Apr. 4---------------- 9, 474 51, 344 95%'-Yz 967i 95)/z 96-95:1i -20!) +~4 Apr. 5---------------- 7,864 50,842 95)4-95 95% 94% 9Ws-"A: -502 -1)4 Apr. o ________________ 4, 442 50, 2!9 94Y.-Yz 94% 94V. 94% -623 -% Apr. 8---------------- 9,674 49,228 94%-95)/z 9-5% 94% 95Y.-Yz -991 +1)1 Apr. g ________________ 7, 580 48,590 95-94% 95% 94Yz 95%-Ys -638 -u Apr. 10 _______________ 11,949 47,345 95Ya-96 97% 95% 96%-Ys -1,245 +!Yz Apr. IJ. ______________ 13, 124 45, 644 98)4-997i 99% 97%' 98-97:1i -1,701 +17i Apr. 12. ______________ 12, 534 43,644 97%-Yz 100)/z 97Yz JOOV.-Yz -2,000 +2Yz Apr.l3 _______________ 14, 261 40,978 IOOY.-U 102 99Ys 100Ys-% -2,666 +7i Apr. 1.\ _______________ 7, 887 39, 125 99Y:r% 101% 99Yz 100%-% -1,853 -Yz Apr.IO _______________ 6, 856 37, 361 99%-100)1 102% 99% I02Yz-% -1,764 +2U Apr. 17--------------- 5, 529 35,918 102%-102 102% 100)/z 100!!/a-Yz -1,443 -2 Apr. IR _______________ 3,322 35,002 101-101)4 101% 100 J00-1007i -916 -% Apr. 20 _______________ 2, 705 34,281 100%-:ii 102 100% 101Yz-% -721 +1% Apr. 22.. _____________ 3,124 33, 115 101%-Ys 102% 1017i 102-101'(, -1, 166 +% Apr. 2~--------------- 3,690 31,835 101Yz-% 101).1i 99 99Y,--99 -1,280 -2Ys Apr. 25 '-------------- 8, 245 20,437 99Yz 99% 97% 98Ys--98 -2,398 -1 Apr. 2!1.. ------------- 4, 727 27,214 98%-Ys 100)/z 98% 100%-~/z -2,223 +2% Apr. 27. ______________ 2,411 26, 371 99!!/.-%' 100 99% 99Y.-Yz -843 -Ys Apr. 2!1 _______________

6, 758 23, 145 98Ys-99)1 100)/z 98Ys 99Y.-Yz -3,226 ---=~

i!! [ :: : ::::::: 12,300 17,417 99%-99 99% 98Yz 99Ys-98Ys -5,728

5, 966 14,310 981/.-99 99% 97% 97'4-% -3,107 -lU 2, 773 12,936 97%-Ys 97% 96% 97Ys--97 -1,374 -% 3, 775 11,454 97 97Yz 9GYz 97Ya -1,482 +J.i 1, 365 10,561 97Ys 97Ys 96 96 -893 -1)1 1, 555 9, 857 95Yz--% 97}1\ 95Yz 96% -704 +% 2, 544 8, 930 96Yz 96% 94Ys 95Ys-95 -927 -1% 2, 017 7, 758 94% 95),2 94% 95V.-U -1,172 +U

11~~ k-------------- 1, 622 7,306 95% 96 94% 95%-Ys -452 +JJ

~~!I ::: :: :::: 1, 934 6, 387 95%' 96 94.\1 94Y.-Yz -919 -1. 2, 201 5, 419 95-95% 9fiM 93 93Ys -968 -1% 2, 170 4, 570 92Y.-Yz 92% 91)1 91!!/.-Yz -849 -1% 2, 088 3, 672 9Ws--U" 91Ys 90% 91-90Ys -898 -Yz 1, 351 2, 992 90Yz-% 91% 90% 91-91Ys -680 -------

990 2, 510 91% 92Ys 91% 92%'-Ys -482 +I% 762 2, 233 92Yz 92}~ 90% 90% -277 -2Ys

M~~ ~~--------------- 805 1, 872 89Y.-% 90% 89% 90% -361 -%

~~~ ~ :: : :::: 638 1, 638 89Ys-% 90% 80 89)/z -234 -% 418 I, 303 89 89% 88% 89% -245 +U 223 1, 351 89)/z 90% 89% 89V.-!4 -42 -Yz 239 1, 239 89% 90 89% 89Yd4 -112 +Yz 910 1,140 89Yz 89)/z 87'4 88 -93 -1'4 486 937 87% 87% 86'4 86% -209 -IU S07 825 86Ys 87% 85'\{ 86)+-% -112 -u 465 504 86 BOYs 85% 86 -271 _,-2 409 380 86-86% 86% 83% 83% -174 -2% 877 --------- 83%-% 84)/z 82% 82% -380 -~~

1936 MAY FUTURE

5 -------------- 89Yz 5 --------------- -------- -------- --------------- ---------- -------5 7 :::::::::::::: ---(oj'-- ---(o)--- :::::::::::::: -----+2- :::::::

Juins __ l935 July 1!1 ------------- 5

l~l~ if::::::::::::: :::::::~: 8 'rradiu su,

B niOJnher ~i tlspended Apr. 24, 1935, pending arrangements for the disposition of open futures contracts of of 1'rn<le from~~ exchange who had been granted an injunction by a Federal court restraining the Doard

'No otncial q sptenldlng the member. uo at ons recorded.

70 STATISTICAL BULLETIN 54, U. S. DEPT. OF AGRICUL'l'UUE

TAHI.E 31.-Daily volume of tmding, open commitments, opening, high, low and clo.~ing prices per bu.~hel of May VJheal futures on the Chiclt(/0 Boar1l of ·Aade Jan. 3, 1983, to Dec. 81, 193.5-Ccmtinued '

J9:Jo MAY I•'U'l'UHg-Cnntinue<l ----------- -------

H nngo in price

Date ~r"[~,~~ co~?~~t- Opening ing rnents price

Jlgh IJOW

------------------1 I ,Ofili

I 0:!5 lw .. !I!ClB 1,000

bushels Cents C 'ents Cents July 2:1. .............. ---------July ~4............... 32 July 25 .• _. ........... 2~4 July 20............... ~02 July 27............... 2,146 .Tuly 29............... 1,~r,2 July :so............... 1, 760 July:!!............... 2,ii40 Aug.!................ 2,171 Aug. 2................ 3,219 Aug. 3................ 1, 974 Aug. !i................ 2, 4:H Aug. 6................ 2,97:1 Aug. 7 _ --------------- 3, i:l7 Aug. 8................ 3, 048 Aug. 0................ 1,888 Aug. HJ............... 3,8fJO Aug. 12............... 4, .5.5o Aug. 13............... 4, 2!J9 Aug. 14............... 4,3:l8 Aug. 1.5............... 2, 981 Aug. 10............... 4,:124 Aug. 17 ............... 3, 488 Aug. 10............... :l,830 Aug. 20............... 3, 710 Aug. 21............... 7, 742 Aug. 22............... r,, 644 Aug. 2:1. .... .... .. .. .. 8, 302 Aug. 24............... :l. 709 Aug. 26............... 4,901 Aug. 27............... 5,820 Aug. 28............... 5,2:!4 Aug. 20............... !i, 020 Aug. 30............... 5, 3W Aug. 31............... 6,080 Sept. 3................ 4, .5o8 Sept. 4................ 6,304 Sept. 5................ 8, 872 Sept. 0................ 8, 688 Sept. 7............... 9,833 Sept. L.............. 9,8:ll Sept. 10............... 8, 7~7 Sept. 11............... 11,527 Bept. 12.............. 9,000 Sept. I:L •. ·........... 7,846 Sept. 14............... 5, 550 Sept. 16_______________ 14,281 Sept. 17 ••• ------------ 27,609 Sept. 18_______________ 17,593 Sept. 19.. ... ---------- 23,655 Sept. 20.._____________ 22,009 Sept. 21.. .... --------- 9, 999 Sept. 23_______________ 11,607 Sept. 24_______________ 10,088 Sept. 2-5--------------- 12,436 Sept. 20_______________ 8, 868 Sept. 21--------------- 13,758 Sept. 28_______________ s, 592 Sept. 30.______________ 11,221 Oct. L--------------- 19, 210 Oct. 2..--------------- 41,140 Oct. 3_________________ 23,776 Oct. 4.---------------- 18,192 Oct . .5----------------- 18,536 Oct. 1----------------- 15,914 Oct. 8----------------- 17,200 Oct. g_________________ 12,347 Oct. 10________________ 13,303 Oct. u________________ 13,721

7 34

144 533

l, 54:! 2, 259 3,074 3,42•1 3,9fA 5, l~ii 5,907 6, 870 7, 708 8,~06 9, 630

10, :J32 10,949 12,401 13,576 14, Q43 15,621 16,629 17,650 18,.500 10,153 ]9,8:l0 20,978 22,910 23,604 24,737 25,940 26,007 28,.515 30,358 32, 6!10 34,204 36,081 :J7, 083 39, ll9 40,968 42,684 44,811 47,041 49,005 50,019 51,205 52,076 .53, 242 53,574 5.5,803 57,390 58,601 60,302 61,409 62,235 63, 190 64,545 65,020 fl5,876 66,305 66,548 fl4,984 66,613 67,393 08,821 69, 138 09,791 70, 5~5 71,035

""8ii% _______ _ 907.( U4)1j 95"4-7.( 94!--\J 957.( 987.( 067.(-)1j 04-04)1j 03V. 95V.-% !J3Y.-% 94 03%-7.( 057.(-9.5 02V.-Yz OOY.-91 90)1j 91 91!'4-V. 02 !JOV.-7.( 80-80)1j OIY.-!!4 03%'-% 02-91!'4 9W.-V. 93•4-V. 92-91V. 01 34-92 90%-V. oou% oo~v. 92Y:r% 01!'4-V. 9211i-93 047.(-V. 90--0572 967.(-IJF,Y, 95-9.57.( 9W.-U 04'4-95 937.(-03 05-04%' 94Y.-95Vs 07U-!!4 99%-!--\l

!01-101!'4 102-101!--\l OOV.-!4 09%-V. 9Bl4-!!4 98% 08%-% 98Y.-"/s IJ8Y.-09 99-99)-;1

100-100){ 102%-102 I00:.I05)1j IOH03)1j 104)1j-% 105)-;1-105 104-103% 102¥.-V. 104-104% 103%

-----JOY.( I

0 I I I 9 0 I IJ 0 I I 0 ! ! 9 0 g

27.( J:J)i J8% J7:V. 5% 8)1j

J8V. 6)-;1 5%

J5'4 mu r,

J4V. 147.( 5% 2V. 1%

JJ)-;1 ! 0 g l% 2)1j

)2 ! ! 0 g

JO% 1% 4 4 4"4'

0 9 I g J3V. :nil 2% 2 l% I 2

0 9 9 0 g ! J2% 2% 4% 5 6Jj 67.( li)1j 6 5 4Y, 6)1j O% %

2Y, 2 OJ/, O% 0 ou BY, 9Y, 9V. 9% 2 o:v. 6!--\l 4% 7 5%

J4 6 4%

0 9 0 0 0 9 0 9 9 9 0

100 100 10 10 10 0

10 0 0 9 9 9

IO 10 10 10 10 10 104 104 10 10

·x!Jii"-HIJ)1j !JOJ-;1 IJ4)1j IJ4% IJ3:V, 95)-;1 IJ6)1j 1!3% IJ3% 03% IJ334 !J2% 02% 03 02)i !10% oou 80%: 00% Ol% RO:V, 8R:V. 88V. IJJ)1j 92)/z OJ% 92% 02 91)/z 90% 00% 00% 00% 01)-11 01% 92:V. 93% 05)1j 04Y.i 043;,( 03% 9aV. oa 04)1j 04)/, 07U 08%

101 00)/,

98~ 98'. 98!--\l 97!--\l 07V. 98V. 07Y, 08% 00%

101% 104!--\l 103Yz 104!--\l 104V. 102% 102~ 103% 103)4

Clo~ing priCe

Cents

NoL ehango from PI"Ovious day

------Opon Clos-

nommil- in~ menls fJrico

1,000 bushel.! Cenf&

--------·------ ---:~27" ---------------------IJO%-~ 93Y.-% !JOY.-% or.Y.-95 IJ4)-;I-J-11 IJ7% !JOJ.;I-·J1i 04V.-!4 93tf% nr,Y.( naY.-04 G4-04)1j 9:!7.( 04-0:(!1 92)1j Dl)-;l-)1j oov.-u 90Y:r:V. 917.(-J-11 !J2)1j HOY,-% R9-88V. 917.(-% 0:!%-% 02'4-03 93%-!--\l 02:V.-% 02Y~~'"92 01%-!--\l IJO%-% 00!'4-V. 90~% 01 -% OJY~~'"U 02¥.-1/z 03V.-~ 94Y.-!J4 06-967.( 94V.-05 1Jfr94)i 94)1j-04 037.(-% !14%-:V. 04Y:r% 06)1j-%

IOOJ/z-% 09!4-V.

101%-% 100~!--\l 09 .-:u ORY.-% 98!f"~ 08!Vs-1 2 OSY.-08 98%-Yz IJ8--98V. !J!J%-!4

l01%-l!J2 ](16-]05% I05Y.-!4 104)1j-% too-Io5f1i 101%-% I03Y.-I03 103-103)1i 104Y.-1o4 103Y,-104

-l-110 +:~;IJ ··:,:iJ--

-J-!,010 t:l -l-716 -JH -l-815 -!{ +ar,o +a~ +Mo -ni

-l-1,221 -2 +812 -Y. +Ril2 flY. -l-820 -1)4

-J-1,008 -l-833 ---::ji +603 +!I +017 -1)1,

-1-1.152 Hi -l-1,17fl -1 +1.367 +U

-l-678 +!I -/·l,OIJ8 -1-% +1,021 -2%

+sr.o -!4 +65:! +2)4 +n77 +2H

-l-1,148 -Ji +l,n:l2 HI

-]-6!14 -Y, +J,Ja:l -M +1,203 -~~ +1,027 -!4 +1,M8 --l-1,843 ---::j{ -/-2,332 -l-1!4 -l-1,574 _,, +1,817 -J-1!4 +1,602 +1!4 +1,4:!6 +U +1,1!49 +2~ +J,71fl -1% -1-2,127 .... +2,2:lO -·:_1 -1-l, OM -li +1, 014 -1-1'4

+:170 -li +781 +2

+J,160 ~41!{ +332 11

-1-2,319 ~i +I, 497 -li +1,211 -1 +1,761 -1-1,047 -!4 t~~ ---::ij

+1,356 ~~ +475 +M +856 +2« +429 +4\i +2<13 ,,

-I, 664 -~. -1-1.620 -li

-i-780 tift -1-1,428 -1!4

+:ll7 -Ill t~~~ ""+i"

-1-1,350 ____ ...

WHEAT FUTURES 71

'f,l!lr,N ;>,I.-Daily volume of trading, open commitments, 7P.ening, high, lov;1 and closing prices per bushel of Af ay whea.t futures no the Ch~cago Board of 1 rade, Jan. :1, JfJ.'J3, to Dec. 31, 19.'15-Contmued

1936 MAY J<'UTURE-Continued

-Range In price Net chango from

previous day Volume Open Opening Closing

Date of trad- commit-ing rnents price price Open Clos-

High Low commit- lng ments price

--- --- --1,000 1,000 1,000

JD:J6 bushels b1uhets Cents Cents Cents Cents bushels Cen~

Oct. 14---------------- 11, 747 73,205 103%-!-1 IO:l% 10I% 10I%-102 +I, 270 -2Ya Oct. 15.. ••• ----------- 11,010 74, Hll W2Ys-Yz 103% 102Ya 102Y.-% +896 +Yo Oct .. 1"---------------- 34, 250 74,249 10:J%-Yz 103% 99% 100-99% +I48 -2~ Oct. 11---------------- 12,717 74, 005 I00!-1-% 101% 100)1' 101Y.-% -154 +I~ Oct. 18.. ... ----------- 13, 236 74,792 102)1'-)1 102)1 100% IOIY.-!-1 +697 -'~ Oct. 19 .... ------------ 15, 725 75, 226 99)1'-98 100)1' 98 lOOY,-99% +434 -IV. Oct. 2'---------------- 8, 703 75,962 lOOJ,i-99% IOOV. 99V. IOOJ,i-~ +726 +J.i Oct. 22.. .... ---------- 5, 381 76, 256 OUYz-J.i 100J.i 99)i IOO-lOOYa +304 -)4 Oct. 23---------------- 9,0I8 70,934 OOY.-% 100% 08% OOV,-00 +678 -1 Oct. 24.. •.• ----------- 8, 057 77, 193 90Yz-% 99% 08% 98%-99 +269 -------Oct. 2"---------------- 0, 539 77,327 99J.i-V. 100 98% 00%-100 +134 +1 Oct. zr, ________________ 14, 194 78,207 99V.-% 90% '07% 98Yii-J.i +880 -1% Oct. 2Jl ________________ 17, 757 78,740 osV,-97% 98Ya 96% 96%-V. +533 -1V. Oct. 29 ________________ 22,981 80,507 96%-V. 98 95V. 97%-98 +1, 767 +1)4 Oct. 30 ________________ !B, 004 80,997 97Vs-V. 98 96% 07Ys-07 +490 -1 Oct. 31.. ______________ 16,850 81,307 07Y.-08 08% 07% 08V,-98 +400 +1 Nov.!.. ......••...... 11,790 81, 666 98¥.-!4 98% 07Vs 97Y:r% +260 +~ Nov. z__ ______________ 5, 016 81,450 97% y. 98Vs 97 97Ys-OB -216 Nov. 4.~-------------- 7,102 82,212 u1rf-% 97% 97 97V.-V. +762

=a Nov. 5 ________________ 11, 2RO 82,634 07)1!-07 07Ya 06)4 96%-9. +422 Nov. (L _______________ 8, 263 83, 133 97-97Ya 97% 97 97V.-% +400 +· Nov. 1---------------- 11,101 Ra, 018 98-98Ya 98Y.i 06% 96%-Ys +485 +a Nov. 8 ________________ 15, 377 83,860 o6Yz-Ya 97% 95% 97!;.1-% +242 Nov. o ________________ 5, 153 83,060 ow.-% 97 96)i 96Ys-% -200 -Yo Nov. 12 _______________ 13, 566 84,246 OOJ,i-96 06% 95!;.1 05¥.-~ +586 -IV. Nov. 13.. .. ___________ 20,423 84, 551 04%-% 94% 03% 94%-'• +305 -1 Nov. 14--------------- 17, 577 85,930 9Wz-V. 96V. 95V. 96-95% +1, 379 +1~ Nov. 15. ______________ 21i,019 87,370 06-95~ 97% 95V. 07Ya-97 +1,449 +1 Nov. 16. ______________ 12, 435 86,763 97J.i-% 97% 96% OW.-% -016 -)4 Nov. 18 _______________ 15,712 86, 840 96%-Ya 97Ya 95% 96%-% +86 --·+u Nov. JU _______________

10, 180 86,860 96%-)4 97% 96J.i 97 +11 Nov. 20 _______________ 7, 348 86, 545 97Ya-% 97% 06% 96V. -315 -Yo

I! l~ lllilll11

21, 219 85,926 07)1!-!4 98% 07Ya 98Ys-V. -025 +2)4 17, 560 86,910 99%-~ 99% 98)4 98V.-% -10 -~ 10,054 85, ooa 99-98% 100~ 98 99%-% -7 +1~ 21, 658 86,280 99%-100)4 100)4 08V. 98%-% +383 -1 18, 910 86,448 98-97% 98Ya 97 ow.-~ +162 -1ti 11,032 87,331 97V. 98 96% 97%-'• +883 10,867 88, 367 97Y.-% oov. 97)i 98Yz-% +1,036 +iS 16,0M 89, 554 97%-V. 97% 06% 97%-Y. +1, 187 -1'• 13, 708 89, 370 97-06% 97 96 96¥.-V. -184 -~ 8, 370 89,270 06-05% oov. 95Ys oov.-% -100

-~a 16, 477 80,741 06Yo-% 967\l 95% 95%-V. +471 15, 841 89,002 95J,i 05V. 94% 95%-Y. -139 Dec. o ______ ---------- 8, 524 90, 314 95Yo-% 96 05J,i 95Y:r% +712 +ti 12, 200 00,062 04~-v. 95% 04% 95%-Ys -252 +'~ 12,614 90, 2.19 96 s-!4 96~ 04% 04%-95 +197 -~ 15,492 90, 212 94~-95 96 1s 04% 05%-% -47 +' 11,502 90, 396 951 2 95% 94Ys 95)/s-95 +184 -~ 11,426 90,403 95-94Yk! 95~ 94% 1~gjt~ +7 +Yo 36,080 90,507 99-100 2 IOOY. 09 +104 +5 27,017 88,220 100-08V. IOOY. 98V. 99-98% -2,287 -1~ 20,570 87,642 00~-90 997~ 07V. 97%-V. -578 -I 12,650 87,789 981 8-97% 98% 07% 98-97% +147

ta 9, 542 87,913 98V.-% gg 98% 98V. +124 11, 890 88,010 98V.-Vs 99J.i 98 90Vs-J.i +07 11,374 88,269 90Y,-90 90% 98% ooYa-99 +199 -g 0, 368 88,307 99-00Ya 99% 98% 90%-% +98 +' 8, 503 88, 180 90%-Ys 100)4 09)4 99Yz-% -118

~a 7, 427 88,704 09J.i-Vs 99% 99 OOV,-Y, +605 5, 001 80,230 90%-Ya 99~/g 99Ya 99%-V. +436

19,406 88,908 100-100Ya 100)i 98% OO).i-99 -322 -~ 6, 204 88,330 08~-~ 99% 98V. oov.-Y. -569 + 8 18,954 88, 730 99 ~-!1 100% 99~ IOOY.-% +391 -1~ 17,078 87,020 101-101)i 101% 100% 1017\l-% -1,110 +·~


TABLE 32.-Daily volume of trading, open commitments, opening, high, low and closing prices per bushel of July wheat futures on the Chicago Board of Trade Jan. 3, 1933, to Dec. 31, 1935 t '

1933 JULY FUTURE

-Range in price Net change from


Date of trad· commit· Ope!'ing Closing

lng ments pnce price Open Clos-

IIIgh Low commit- iog monts price

--- --1,000 1,000 1,000

1933 bushels bu-shels Cents Cents Cents Cents bushels c •• ~ Jan. 3----------------- 2, 406 34,095 45~1!-% 45% 44Y. 44Yz-% +22~ -!4 Jan. 4 _________________ 5, 320 34, 358 45Ys-li 46Ys 45Ys 46-45% +263 tll~ Jan. 5----------------- 3, Ul4 34, 670 46)11-% 40% 45%= 46)11-Ys t312 Hi Jan. 0----------------- 0, 958 34, 059 46)11 47!)i 40Ys 47!)i-% -11 tlfi Jan. 7----------------- 5, 939 34, 387 48-48)11 48% 47% 48Y,-Vs -272 +% Jan. 9----------------- 5, 908 34, 437 48Yz-~ 49 47% 47M-% +50 -!-( Jan. JO ________________ 5, 968 34,001 47:V.--I, 50 47)11 50-49% -430 t2!1 Jan. 11---------------- 10,2110 34, 500 49Ys-% 51)11 40% 4oYz-% +409 -!1 Jan. !2 ________________ 7,105 33,024 49Y.--Vs 50 48% 48Yz-V. -576 -1 Jan. !3 ________________ 4, 208 33,750 48:V.--li 48% 47% 48-47% -174 -Y, Jan. 14---------------- 3, 492 34,128 47M-%= 48Ji 47% 47Yz-%= +378 -Y, Jan. 16---------------- 4,809 34, 169 47:V.--Ji 48 40% 46%-47 +41 -Y, Jan.!/ ________________ 2, 605 34, 185 46%-47 47%= 46% 47:V.--%= +16 t% Jan. 18 .. ______________ 4,413 34, 498 47V.--% 47% 46Y. 46Ys-47 +313 -':1 Jan. IQ ________________ 4, 349 34, 613 47:V.--Y. 48}i 47% 47M-% +116 t!.i Jan. 20---------------- 3, 015 34,521 48Y.--Ji 48Y, 47Y. 47Y. -92 -X Jan. 21.. ______________ 2, 709 34,726 48 48Ys 46%= 47 b +205 -Y, Jan. 23 ________________ 1, 460 34,836 47Ji 47!)i 47 47V.--% +110 +!1 Jan. 24---------------- 2,066 34, 889 47Y.--48 48Ys= 47%= 48-47% +53 +!1 Jan. 25 ________________ 1, 736 34, 837 48Y.--Ji 48Y. 47% 48:V..-Y. -52 tJI, Jan. 26 ________________ 3,866 34, 083 48Yz-% 48% 47):-E 48-48Ys +146 -!1 Jan. 27---------------- 2,800 34, 808 48 48Ys 47Ji= 48-47% -175 ···::); Jan. 28 ________________ 1, 477 34,879 47Yz-% 47% 47Ji 47Y.-Y.= +7! Jan. 30 ________________ 825 34, 113() 47:V.--Y. 47% 47% 47!)i +57 +!1 Jan. 3L _______________ 1, 620 34, 618 47V.--Y. 48= 47Y. 47%-48 -288 +!1 Feb.!. _______________ 4, 303 34, 965 47Y. 48Ys= 47 47%-Y. +317 -Y, Feb. 2---------------- 2, 143 34,984 47:V.--Ji 47% 47Ji 47Yz-% +IO

---::~ Feb. 3 ________________ 1, 3ii0 35,095 47% 47% 47Ys 47:V.--Ji +lll Fob. 4---------------- 2, 785 35, 056 47Y.--47 47Ya= 46% 47-46% -30 -!1 Feb. r;__ ______________ 4, 677 35, 169 46%-47 48% 46% 48:Vs-Ji +113 tl!.i Feb./ ________________ 3, 513 35, 120 48)11-Ys 48% 47!)i= 48Ji-Ys -40 --·+g Feb. 8---------------- 5, 3fif) 35,306 48Yz-V. 4UYs 48% 48%-M +186 Feb. 9 ________________ 5, 919 35, 708 40:V.--Y. 40% 48Y. 48V.--Y.= +402 -v. Feb.IO _______________ 1, 923 36, 112 48% 48!)i 48Ys 48)11-Ys= +404 -% Feb. 11--------------- 2, 702 36,475 48 48%= 48 48V.--Y. +303 +!1 Feb.l4 _______________ 5, 6fl0 36,650 48:V.--Ji 48% 47% 47:V.--Y. +175 -1 Feb. 15 _______________ 3, 614 36,741 47%-Ys 48% 47!)i 48Y.--48 +OJ +~ Feb. 16--------------- 2, 601 37,009 48Y.--Xl: 48% 47% 48Ji-% +268 +X Feb. J7 _______________ 4, 5114 37, 601 48V.--% 49 48 48%=-Y. +592 +!1 Feb. 18 _______________ 1, 861 37,877 48:V.--% 48!)i 48Ji 48:V.--Xl:= +276 -!·~ -v. Feb. 20 _______________ 2, 543 38, 459 48Y, 48% 48 48)-i-% +o82

+H Feb. 21. ______________ 2, 724 38,840 48:V.--Xl: 48% 48Ys 48V.--M +381 Feb. 23.-------------- 4, IOU 39,294 48%-Ys 49 47% 48Ji-Ys= +154 -!1

Feb. 24--------------- 2, 240 39, 251 47Y.--48 48% 47% 48Yz-% -43 +!1 Feb. 25 _______________ 5, 748 39, 890 48Y.--48 48Ys= 47 47Y,=-% +630 -Ys Feb. 27--------------- 2, 61!8 30,720 47Y. 48 47Ys 47Ji-Ys -170 -V. Feb. 28--------------- 3, 571 39, 797 47% 48Ys 47 47M-Ys +77 +!1 Mar.!. _______________ 3, 402 40,291 47Y,=-% 48Ys 47Ji 47%=-Ys f49•1 tV.

Mar. 2---------------- 0, 2!i9 40, 704 47V.--Y. 48Yt 47= 47Ys-Ji +413 -% Mar. 3 ________________ 13, 381 40, 502 47Y.--Ji 49!)i 47Ys 48Y.--M -292 +Hi

-?AO •+5 Mar. 16 '-------------- 3, 676 40, 262 53% 53% 53% 53% b -% Mar. 17--------------- 17, OK2 40, 149 5G-55X' 56 53}i 53V.--Yz -113

-Y, Mar.18 _______________ 0, 142 40,708 53-fl2% 53Y, 52Y, 5:lYs=-% +MO -~~

Mar. 20--------------- 6,706 41, li77 53-52% 53Y. 52% 52Y,-% +060 -).i Mar. 21.. _____________ 8, OliO 42, 380 52Yt-Ys 52% 51% 52=-52 +703 -1% Mar. 22 _______________ 8, 574 42,418 51~-% 51% W% 50%-% t3R ti% Mar. 2:L _____________ II, 020 42,370 52:V.--M 52% 51% 51Y.-M= -42 +V. Mar. 24 _______________ 5, 91JO 43, 350 !il% 52)11 .10% 52Y.-U f!IR3 +ll Mar. 25 _______________ 8, llfi7 44,031 51%=-% 53!4 51%= 53-52% +672 -H

Mar. 27--------------- 5, 347 44, 510 52%-% 53 52)-i 52:V.--Y. +471l tll1 Mar. 28 _______________ 10, 7G4 45, OUR 52:V.-li 54Ys 51%= 54-53% +588 Mar. 20 _______________ 15,309 45, IJ22 53!\t-Y. 55 53Ji 54Y.--54 +824 ·--:.:g

-24 Mar. 30--------------- 7, 749 45,8118 54Ji-Ys li4% 53% 53Y.-% f762 +~ Mar. 3L ______________ 10,325 46, fJOO 53%-Y. 54% 53% M:V.--Ji +'• Apr. 1. .. ------------- 9, 4011 47,124 54}i-Ys 55Ji 54Ys 54%-55 t4M

tll1 +J,71V Apr. 3 ... ------------- 18, 543 1 48,843 MY,-% 56% 55% 5W.-Y. J'tquotn·

1 The equal sign ( =) 1 a, an<! b appearing as part of a price quotation indicate, respectively, asp 1 t!on asked price, and old price. 1 lidnY•

'Chicago Board of Trade was closed from Mar. 4 to Mar. 15, 1933, Inclusive, due to banl< 10 a See text for explanation.

WHEAT FUTURES 73

TABLE 32.-Daily volum.e of trading, open com.m.itm.ents, oP_ening, high, low1 and closin(/ prices per bushel of .Jv.ly wheat futures on the Chtcago Board of 1 rade, Jan. 3, 1933, to Dec. 31, 1935-Continued

1033 JULY FUTURE-Continued


Volume Open Opeping Clo~ing Date of trad- commit-ing ments pnce pnce Open Clos-

lligb Low commit- ing ments price

--- --- ---1,000 1,000 1,000

!033 bu.,lwts bushels Cents Cents Cents Cents bushels Cents Apr.L-------------- 14,835 49, 786 56:Vs-Ys 50% .55% 56Y.f-Ys +943 -u Apr. 6 .... ------------ 23,703 51,408 56:Vd1 57% 56)4 57Ys-%= +1,622 +1!4 Apr. 6 .... ------------ 26,772 53, 004 58)1-V. 59)1 58)1 ->BY.-% +1, 596 +1 Apr. 7.. ... ------------ 20,307 53,064 59-58% 50 57V. 58:Vs-V. +60

---:..:~ Apr. 8 .... ------------ 15,494 54,221 58-57% 58%= 57V. 57~-% +1, 157 Apr.JO _______________ 22, 166 53, .536 58-58% 50Ys 58 59-SOY, -685 +1'• Apr. 11.-------------- 27,076 54,422 (jQ~-)1 61)1 60 61-61)1 +SSG +ZYs Apr.J2 _______________ 25,466 55, 865 60Y:r-% 60% 59V. 59~-Ys +1,443 -1% Apr. 13..-------------- 37,857 57,234 59Ys-~ 62Ys 59% 6Wz-~ +1, 369 +1% Apr. 15--------------- 27,402 .)0, !56 62-62% 63% 62 62Ys-~ +I, 922 +IYs Apr.J7 _______________ 23,468 59, 756 62-61~ 62% 61% 62)1-% +600 -Yo Apr. 18 ________________ 32,640 50, 704 61~-v. 64J.jj 61% 64Y.-63Ys -52 +I~ Apr.IU .... ----------- 61, 130 58, 657 65Ys-~ 68% 64% 6W.-66Ys -1,047 +2 Apr. 20 .. ------------- 42,311 58, 946 69-70 70 68 68)1-% +289 +2!4 Apr. 2L ______________ 34, 641 59, 230 67~-67 68~ 66V. 66Ydi= +284 -IV. Apr. 22 _______________ 34, 048 59, 760 66Y:r-66 69 65~ 68Y.-60 +530 +2!4 Apr. 24--------------- 41,971 60,845 70)1-~ 70Ys 68% 70:Vs-Ys +1.085 +I~ Apr. 25---------~------ 28,879 61, 176 69)1-68V. 70 68 68Ys-68 +331 -2 ~ Apr. 26.-------------- 31,037 63, 632 68-67% 69% 67V. 68Y:r-% +2, 456 +V. Apr. 27.. ______________ 20, 497 64,124 68:Vs-% 69)4 67V. 67%=-~ +492 -% Apr. 28 _______________ 32, 631 65, 662 67Y:r-67 67V. 65 66)1-Ys +1, 538 -I% Apr. 211.. ______________ 48, 000 63,817 68-70 72 68 71Ys-72 -1,845 +5V. May!.. ______________ 37, 412 62, 505 72-73 73 71 71%-Ys -1,312 +I~ May 2 ________________ 35,814 62,554 71-70% 73\i 70% 72V.-% +49 May 3 ________________ 42,826 60, 383 73-73V. 74~ 72V. 72Y:r-% -2, 171

"+i% May 4 ________________ 28,851 61,515 72!4-% 74 72)1 73~-74 +1, 132 May5 ________________ 25,483 60,569 74~-)1 75 74Ys 74~-% -946 +% Mayo__ ______________ 25,987 60, 553 74Y.-74 75 73 74-74Ys -16 -~ May g ________________ 22,578 61, 208 74-74Ys 74~ 73 73\i-Ys +655 -~

ll! E :::::~ :::: 35,687 61,081 72Yz-72 72% 70~ 70~-71 -127 -2% 25, 873 62,202 71)1i-72V. 72~ 71)1 72V.-J1 +1, 121 +1% 35,728 50,873 74)1-V. 75 • 74)1 75Ys-75 -2,329 +2%: 29,002 59,514 ~tm~ 75% 73%: 74%-75 -359 -------14,816 59,675 75)1 74 74:Vs-J1 +161 -~ 12, 934 60,052 73Ys-~ 73% 73 73~-% +377 -'· 15,636 60, 115 73Y:r-% 73% 72% 73%--!1 +63 -v. 15, 020 50,246 73Yo-% 74Ys 73)1 73%-74 -869 +~

!Yl~~ J~--------------- 22,477 58,828 73~-74 74V. 72)-i 72:Vs-J1 -418 -!~ M . --------------- 19,297 57,205 72-71~ 72% 71 7W.-~ -1,623 M~y ~~--------------- 24,700 56,167 71Vs-% 71% 60% 70)1-%= -1,038 -1%

~~r.~::::::::::::::: 26,547 54,634 70Y:r-l/s 70V. 68)4 68:Vs-V. -1,533 -1Ys 25, 027 54, 275 6UY:r-% 70% 6DV. 70Ys-V. -359 +2 21,983 52, 230 71Y:r-~ ~~~ 11V. 72Ys-!1 -2,045 +1~

M~y ~~--------------- 17, 938 51, 923 71~-J.:i' 70)1 71)1-Ys -307 -1 14,968 51,508 71~-v. 72~ 70)1 72Ys-!1 -355 +1 27,230 49,020 74~-75V. 75V. 74)1 74~-v. -2,548 +2% 15, 686 47, 657 74-73% 75)4 73% 74:Vs-V. -1,463 -Ys 12, 103 45,449 74~/g-75 75)1 73~ 73V,-~ -2,108 -~ 10, 568 44,439 72%-~ 73% 72Ys 73Y.-•~ -1,010 -------7,020 43, 187 73V.-~ 74% 73Ys 73%-% -1,252

--:..:i~ 8, 353 41,068 73V.-Y. 73V. 72 72%-li -1,219 8, 960 40, 240 72Ys-72 73% 71% 73)1-% -I, 728 +1 6, 661 38, 766 7<1 74Ys 73 73-73Ys= -1,474 -Ys 6, 041 37,706 73\i 74)1 73 74Ys-74 -1,060 +% 3, 478 36,913 74\i-% 74% 73% nY.-% -793 -8, 989 3-1,524 73~-% 75V. 73% 75%-~ -2,389 +I' 8, 537 31,494 75'.-% 76% 75% 76%-6 s -3,030 +1 0,194 28,456 76-76V. 77% 75'4 71~i-% -3,038 +1 4,803 27,542 77%-77 77~ 76% 77!-i-Ys -914 -5, 304 26, 100 76V. 76'• 75% 75~-% -1,442 -1 4, 613 25, 163 74%-% 753-i 74 74l~-% -D37 -1 4, 471 23,415 74 74% 73 73% -1,748 _, 2, 822 22, 147 73)4-Ys 7<1 72)4 737-$-74 -1,268 + 4, 740 19,416 75~ 77Ys 75% 76%-~ -2,731 +Z' 3, 207 17,873 76~-77)4 77% 75% 75%-% -1,543 -1 6, 048 14,420 76Ys-~ 77% 75% m~-Ys -3,453 +2 3, 515 12, 852 78-783 s 78~= 77~ 78! s-U -1,568 + 4, 314 11, 530 77~-~ 80)4 77 2 791/s-80)4 -1,313 +J3 3,096 10,625 BOYs- 83 80Ys 82Yo-Y. -914 +2' 4, 232 9, 063 84-84V. 89% 84 80% -1,562 +7 2, 513 8,491 92~ 067;< 91 95V.-U -572 +6


TABLE 32.-Daily volume of trading, open commitments, opening, high, low and closing prices per b'ushel of .July wheat futures on the Chicago Board of Trade .Jan. 3, 1933, to Dec. 31, 1935-Continued , '


-Range In price Net chango !rom


Date of trad· commit· Opening Closing

ing ments price price Open Clos· High Low commit· i~g

ments PfiCO

--1,000 1,000 1,000

1933 bushels bushels Cents Cents Cents Cents bushels Cent.. June 28.-------------- 2, 435 7, 914 94-89 94)1 89 89%-~ -577 -5% June 29_ -------------- 2, 085 7,112 89)1-90 91 87%' 90)4'-1 8 -802 +!1 June 30--------------· 2, 918 5, 304 89-89)4' 91% 88%' 90%-l;t -I, 7•!8 t% July L--------------· 1, ggg 4, 537 93-03)4' 94)1 93 93Y,-•, -827 tav. July 3 .. --------------- 078 4, 284 97 98)1 00)1 98-97% -253 HV. July 5 .. --------------- 563 3, 900 99)4' 99% 96Ys 96Y, -384 -1 July 6 .. --------------- 421 3, 313 90% 98% 96%' 98 -587 t1V. July 1----------------- 582 3, 149 99)4' 100~ 96% 90%'-% -!G4 -lli July 8----------------- 255 3, 121 96~ 991a 96)4' 99b -28 t2Ji July 10.--------------- 209 3, 065 98'• 101 98% 100%a -56 +Hi July 11.--------------- 601 2, 553 102)4' 104Y, 102 104)1 -512 t3V. July lL-------------- 608 2, 387 103%' 100%' 103)4' 100:!/.-)4' -160 t1%' July J:J ________________ 281 2, 281 106% !OB'J,:\ !04Y, J05Ya -106 -JV. July 14 ________________ 220 2, 189 104%' 108Ya 104% 108Ya -92 t3 July 15..-------------- 189 2, 014 109)1 113Y, 109)1 112Y, -175 +4%' July 17.--------------- 328 1, 761 113% 117 113% 116 -253 t3V. July 18..-------------- 400 1, 600 117)4'-116)1 117)4' 114 114Y,b -152 -JY, July 10 .. -------------- 21J8 1, 490 114%' 114% 104 105 -110 -D}-8 July 20.--------------- 642 1, 098 102)1-100 105% 90 90 -392 -15 July 22 '-------------- 20 1, 086 (<) ('') (') (') -12 (') July 24.--------------- 418 974 91 91)1 90 ooa -112 --+iii July 25.--------------- ](;8 682 90)4' 92% 00 01)4' -292 July 26---------------- 3C.4 836 93)4' 06% 9:!)4' OW.-% +151 tSJi July 21---------------- 138 582 102 104 100 104 -254 t7V. July 28---------------- 70 520 !OOY, 102)4' 99 09a -56 -5 July 29.--------------- 138 497 97 U7% 94 94a -20 -5 July 3L-------------- aao

~-------- 02% 92% 89)4' 89)/a -407 -4Ys

1934 JULY FUTURE

1933 Oct. 2----------------- 300 213 03% 93Y, 92 92 +213

---::~ Oct. 3----------------- 109 296 01)1 92)1 01)1 OIY.-~ +83 Oct. 4----------------- 370 475 92)1 93% 92 o:l'Ys-Yz +179 +1~ Oct. 5----------------- 658 71J4 93)4'-03 9:J)4' OJ% 01% +310 -P~

Oct, 6----------------- 707 1, 057 91%-% 01% 87 87~-88 -I-2G3 -:Hi Oct. 7.---------------- 472 1, 140 ssY.-% 89Ya 86)4' 89 1 ~ t8:l +t% Oct. 9----------------- 442 1, 218 89)4'-89 89)1 87Yz 88Ya +78 -l~i

Oct, !0---------------- 700 1, 460 87Ys-% 88 85)1 80%-Yz +242 -1% Oct, 1L-------------- 879 1, 857 85)1 86% 85Ys 85Ya +307 -1%

Oct, 13---------------- I, 451 2, 167 84)4'-83 84)4' SOY, 80Y,a +:l10 -5

Oct. 14---------------- I, 505 2, 686 78 70 75Y, 76% +400 -3% Oct, 16.--------------- I, 304 2, 964 76% 78')-:( 72 72 -1-328 -1li Oct. 17.--------------- 1, 578 a, 154 7/i-75)1 77 70)4' 77b t!UO +5

+2% Oct. 18..-------------- 2, 303 3, 075 77-77)1 80 77 80-70% -l-521 -JYs Oct. 19.--------------- 1, 157 3, 711 77% 80)4' 77Ya 78% -f-30 f4 Oct. 20---------------- 2, 272 4,105 77-77)4' 83% 77 82% +39•1 +ll Oct, 2L-------------- 1, ](;3 4, 155 B4Y.-% 84Y, 82)1 83-83Ya +50 tl

Oct. 2L-------------- 1, 250 4, 209 86 87!4 85)4' 87 +14·1 -10

Oct. 24.--------------- 1, 31i! 4, 539 86Y, 87)1 84)1 8W.-J1 +240 Oct. 25..-------------- 1, 823 4, 720 87)4' 80)4' 86% 88)1 tJOO f3

-3 Oct. 26.--------------- I, 57.5 5, 140 87%-87 88)4' 85)1 85)1 -\-41!

+3Vs Oct. 21.--------------- 1, 604 5, f-32 85)4'-Ya 89Ys 84Y, 89Y,-80 t:W2 -fl Oct. 28.--------------- 1, 174 5, 745 88Y.-88 88% 86% 88)4'-% +2!:l -l% Oct, 30.--------------- 2,205 6, 473 00 00 86)4' 87-86% -1-721! -1% Oct, 3L-------------- 1, 720 6, 736 87 88 85 85)4'-y,; -l-21i:l

-2 Nov, L--------------- 2, 827 6, 875 8,))1-% gr,y,; 81)4' 83%-)4' +131)

+2ll Nov. 2---------------- 1, 877 6, 888 85)1-)4' 8(i)4' 83'J,:\ 8W.-% t13 +2H Nov. 3---------------- 1, 402 6, o:J7 86% 87Y, 85% 87Ys +40 -u Nov. 4---------------- 888 6, 028 8fi%-Yz 88'J,:\ 80)1 87%'-% -U

Nov. 6---------------- 1, 375 7, 278 87Ya 88 85)1 86Y,-85Ya +350 -1~~

Nov, 1---------------- 910 7, 020 85%-% 86 84% 86 -210 "tiG Nov. 8---------------- 1, 2rll 7,087 86)4'-80 89% 86 88%->i +68 fl Nov, 9---------------- 3, 086 7, 672 90%-% 92% ooy,; 02)4' +5R5 -1!-1 Nov. !0--------------- 1, 972 7, 829 92-91% 02 90Ya 90'J-:\-% +167

+lli Nov. 13--------------- 1, 711 8, 404 93-93)4' 93!4 91% 92)1-% -l-575

r th exchsnge, • Chicago Board of Trade was closed July 21 and July 22, 1933, by order of the directors o 0. , 1 erodes,

e:tce:pt for 15 minutes on July 22, devoted to the exercising of weekly privileges and the adjustment 0

WHEAT FUTURES 75

TABI•E 32.-Daily volume of trading, open commitments, OP_ening, high, low, and closinrt prices per bushel of July wheflt futures on the Chtcago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935-Contmued


---Range in price Net change from

previous day Volume Open Opening Closing

Date of trad- commit-ing ments price price Open Clos-

High Low commit- ing me.nts price

--- ---1,000 1,000 1,000

1933 bushels bushels Cents Cents Cents Cents bushels Cents Nov. 14.---- ---------- 2, 600 8, 970 92%-93 94V. 92% 92'V.-'A +566 +!4 Nov. 15--------------- 3, 020 9, 491 91%-92 92% 90 90%-V. +521 -2!4 Nov. 10.. ..•.•.......• 2, 794 9, 801 90%-91 92% 89% 92)/z-% +310 +2 Nov. 17 ............••• 2,474 10, 148 93-92~ 93 90% 91-907/a +347 -1Y2 Nov. 18 ............... 3, 042 10, 609 91)/z-'• 91% 88!4 88Va-!4 +461 -2% Nov. 20 ............... 3, 082 11, 064 89!4-~ 91% 88!4 91%-V. +4.55 +3!4 Nov. 21.. ............. 4, 202 12, 232 92-913, 02!4 90V. 91Va-Y2 +1, 168 --:.:iM Nov. 22 ............... 3, 565 13, 044 90%-~ 91!4 89)4 90)4-Y, +812 Nov. 2-3 ............... 4, 182 13, 296 89!4-'s 89V. 86J/o 86?/s-% +252 -3V. Nov. 24 ............... 3, 884 13, 620 87V.-% 88?/s 86 88V.-88 +324 +I% Nov. 25.. ............. 2, 420 I3, 901 87-86?/s 87Y, 85J/o 85%-V. +28I -2V. Nov. 27.. ............. 4,806 14, 596 85-85Vs 86J/o 83% 85-84 7/g +695 -Yo Nov. 28.. ............. 4,423 15, 525 85Yz-% 86% 85 8.W.-% +929 +Yz Nov. 29 ............... 4, I78 I6, 870 86%'-% 87~ 86% 87)/z-% +I. 345 +2 Dec.!. ............... 3, 547 I7, 667 87-87Vs 87. 85 85-85V. +797 -2Yz Dec. 2 .. -------------- 4, 585 I8, 289 84)/z-!4 84Yz 82% 83)/a-83 +622 . -2 Dec. 4 ................ 3.093 I8, 340 82V. 83% 82Y, 83Vs-8:~ +51 "+2% Dec. ,\ ___ --------- .... 2, 770 I8, 802 83%-% 86 83Yz 85%-Vs +462 Dec. 6 ................ 2, 849 I9, 013 86!4 86% 85)4 86-86V. +211 +~ Dec. 7 ................ 4, 348 19, 052 85Yz 86Y, 85Y, 85% +39 -~s Dec. 8 ________________ 5, 008 20, I23 85%-!4 85V. 83~ 83!4-V. +I. Oil -2!4 Dec. 9 ................ 3, 793 20, 207 83/J. 85% 83'• 85% +144 +2!4 Dec. 11 ......... __ .... 4,072 20,436 86!4-% 86?/s 85J/o 85%-% +I69 +Ya Dec. 12 .. _____________ 2, 250 20,555 85% 85% 84% 85-84% +119 -% Dec. 13 _______________ 4,037 20,776 84Yz 85 83!4 ~3Yz-% +22I -IV. Dec. 14 ............... 4, 752 20,864 84 84% 82% 83!4-!~; +88 -!4 Dec. 15 ............... 4, 137 2I, 192 84Vs-84 84Yz 82% 84yi-J4 +328 +I Dec. liL ............. 2, 834 2I, 334 83%-Yz 84 82% 83:V.-q +142 -~ Dec. 18 .. ------------- 2, 380 21, 472 83%-Yz 84% 82% 83%-. +138 - ~ Dec. 19 ............... 2, 307 21, 493 83% 83~ 82~ 83Y2-% +2I +!4 Dec. 20 6, 422 21,870 83Vs-!4 831 z 801 s 80¥.-J/g +377 -3!4

~~l[![[i[!jllj 5, 327 22, I72 79!4-Yz 80~ 78 79Y2-!4 +302 -v. 6, 028 23, 073 83)4-84)4 84. 81% 83!4-V. +90I +3Vs 2, 027 23, 280 83-82?/s 83% 82% 83)/.-83 +207 -~ 4, 575 23,859 82%-% 85% 82% 85%-Yz +o79 +2 3, 227 24,054 85)1-% 85% 84% 84% +195 -% 3, 594 2<1, 002 84~ 84)1 82% 82Y2-% +548 -2% 2,842 24,528 823,-V. 84~ 82Yz 84!4-% -74 +I%

1934 2, 356 25, I32 84!4-84 85V. 83% 84-83% +604 -!4

---- 3, 772 25,332 84)/.-84 85 82V. 82%-% +200 -IX( 5, 392 25, 213 82)/.-82 83% 81V. 83-82% -119 +X<

----·--- 2, 382 25, 35I 83!4-% 83% 82 8W.-% +I38 -Yz I, 212 25, 285 82~Yz 83 82!4 82)/a-83 -66 +Yii I, 351 25, 106 831 .-% 83Yz 82% 82)/.-% -89 -!4 I, 7~8 25, I09 8W.-!4 84 83!4 83Yz-% -87 +~ 3, o:n 24,777 84!4-Yii 85!4 84!4 85)/a-85 -332 +JI 2, 086 25, 030 85l2-85 85Yz 83V. 8W.-~ +253 -I% 3, 799 25,095 84!4-Yz 85Yz 83% 85)/.-. +65 +IYii

--- 2, 331 24, 901 85!4-85 86 84% 85)/.-86 -I94 +% 9,800 26, 15!1 88Y,-89 90Ya 87Yz 89?/s-90 +I, 258 +4 5, 556 25,878 89-88Y, 89% 88Y, 88;.'.-)1 -28I -IV. 4, 841 25,915 87%-88 89% 87% 88%-!4 +37 -!4 ~. 9I7 25, 737 88-87~ 88)1 87Ya 87%-Y. -I78 -I 3, 997 26,249 88Y.-' 89% 88Y, 89Y.,)-Ys +5I2 +2 3, lUI 26,532 89)/z-% 89% 88% 88%-Vs +283 -Yii 2, 580 26,634 8W.-Yz 88~ 87?/s 88-87% +I02 -% 3, 014 26,717 87Yz-% 88% 87% 88%-% +83 +% 2, 606 26,937 88?/s-Yz 89Vs 88Vs 88~-~8 +220

--:.:i~ 2, 552 20, 064 88Y,-Vs 88% 87Y, 87%-Y. +27 2, 761 27,028 87-87Y, 88Vs 87 88-87?/s +64 +~ 1, 800 27,054 87%-88 88% 87?/s 88~-Vs +26 +' 6,352 20,992 89%-90 91 80% 90.Vs-91 -62 +2rz 5,456 27,050 9I!4-Yii 91% 01 9I%-Vs +58 +· 5, 781 27,275 90%-% 90% su~s 9Wz-% +225 -% &,, 9I7 27,630 9IY2-9I 9I% 90Yz 90~8-H +355

--~~~ 4,073 27,825 89%-~ 00% ~\JJ/o 90-90Ya +I95 3, 790 28, 411 OOYz-' s 91% 90)1 9JY.-!4 +586 5, 447 28, 7~1 9I% .. 92 92V. 91% 9IYa-% +330 +Yii

76 STATISTICAL BULLETIN 54, U. S. DEPT. 01•' AGHICUL'l'UTtJiJ

TABI,r; 32.-Daily volume of trading, open cornrnitrnents, opening, high, lo11! rmd closing pn:ce.~ per bushel of .July whe.al fut·ure.~ on the Ch·icago Board of 'J\·a·de . .Jan. 3, 193.'3, to Dec. 31, 1935-Colltmued •

HI:H .JULY F!JTTJHE-Conl.inuerl

-----------------------

Date

1084 Feb. G •••.•••.•.•••••• Feh. 7---------------Feh. 8 .•........••..•. Feb. 9 ............... . Feh. 10 .............. . li'eb. 1:3_~-------------Feh. 14 .............. . Feb. 15 .............. . Feb. 16 .••.......•.... Feb. 17 •••.••••••••••. Feb. 19 .............. . Feb. 20 .............. . Feb. 21. ............ .. Feb. 23 .............. . Feb. 24 ............. .. Feb. 26 .............. . Feb. 27 .............. . Feh. 28 .............. . Mar. 1. .............. . Mar. 2 ............... . Mar. 3 ............... . Mar .. 5 ............... . Mar. 6 ............... . Mar. 7 •••••••••••••••• Mar. 8 ............... . Mar. IL ............. . Mar. 10 .............. . Mar. 12 .............. . Mar. 1:3 ______________ _ Mar. 14 .............. . Mar. 15 .............. . Mar. 16 .............. . Mar. 17 .............. . Mar. 111.. ............ . Mar. 20 .............. . Mar. 21. ............. . Mar. 22 .............. . Mar. 23 .............. . Mar. 24 .............. . Mar. 26 .............. . Mar. 27 ............. .. Mar. 23 .............. . Mar. 20 ............. .. Mar. 31.. ............ . Apr. 2 ............... . Apr. 3 ............... . Apr. 4 .............. .. Apr . .5 .............. .. Apr. r. ............... . Apr. 7. -------·--·----Apr.O .............. .. Apr. 10 .............. . Apr. 11 .............. . Apr. 12 .............. . Apr. 13 .............. . Apr. 14 .............. . Apr. 16 .............. . Apr. 17 •••••••.••••••. Apr. 18 .••............ Apr. 19 .............. . Apr. 20 .............. . Apr. 21. ............. . Apr. 23 .............. . Apr. 24 .............. . Apr. 25 .............. . Apr.26 ............. .. Apr. 27 .............. . Apr. 28 .............. . Apr. ~m ______________ _ May!. .............. .

Volume of trad

ing

1,000 b~tshel•

3, 741 7,1127 4,471 4, :34~ a, oua 2,fj/jfj 2,02\J 1, 719 1, :JOO 1, 084 ;. 2~.5 .,, 8,J8 3, 52fj 2, 30fi 3,0flfJ 3, 828 3, 908 3,422 3, 418 3, 4.50 2, 857 3,008 1, 381j 2, 121 3, ]!j4 1, 023 3, 043 .), 487 :l, 2H5 a, n1o 4, 1!if! 2, UfJ3 3, 8H:l 4, 470 3, 741 2, 217 2,1117 1, :!78 2, 022 2,1181 7, 4:ll 3, 8110 3, 591 3, 068 2,?:l5 2, 250 7, 070 2, 638 2, 021 2, 515 2, 708 3, 240 2 224 4: 142 5, (K~2 2, 018

lfj, 824 22, 261 10, 5a2 28, 041 15, 137 If), 158 13, 757 14, 81!2 14, 552 12, 133 13, 501 12,860 18,787 17,896

Open commit rnents

1,000 bu.,he/., 20, 2UO 211,:Ho 21!, 51 f) 211, B:J:J 21!, 6:!4 20, fi78 21!, 52:J 211,707 2!1, 744 21!, fl81 2U, 70U 21J, ~22 ao, una ao, 281 :!0, Hl6 30,037 ~10, 205 30,260 30,433 30,486 :JO, 5:!6 30,865 30,811 :n, o2:l ~11, 2M :n, 4:;r; at, 515 a1,8n2 82, 242 :!2. 8211 3:!, 090 :J3, a5a :Ja,nli 33,8(,0 3:1,842 :)4, 222 34, :J(J8 :!4, 523 34, 7:!2 35, 17:! as, 1.11 36, 17.5 36,057 :1n, on7 ~(!, ()~~) ,,fJ, 4.).~ :17, 222 :l7, :!83 :l7, 47:l 38,017 3H,:Ho 38, 708 38, IJ;j(J ;{~), 05() 40,875 41,173 42,1132 4:!, 436 4:;, :J78 44,1117 44, 1157 44,837 44,6611 45, 21!8 45,284 45, GmJ 45, 6:J5 45,656 46,538 46, 301

""

Opening prJ eo

Cents lilY.-% !il:V..-Ji 88%-J.-2 !i0-811% 88)/.-88 88%-% 8!HIJY, 81!!/z-% 81JYz-·% 8\J-8\JY, 8\J-88% 87)<(-87 86%-Y. 87-87)<( 86-85% k!iYa--7:1 84!/z-Y. 8fl!/z-% 86-85% 85)/..-~ 87)/z-'• 87)i-Y, 87-87Y, 8HJ/z 85)/z-% 8fl-85)1; 8fi% 87;/.,-Y:; ~8%-:V. 88)/z-% 88)<( BOY.-% 87%-:V. 86)/s-87 87% 8W.-Ji 86%-Yz 87)<( 879/.-% Hfl-87% 85%-Yz 85-84% H5Yz-% 85% 81H5)1; 85)i-8.S 85-84)1; 86)11-Y, 86)i-Y, 81j)/.-)-:( 86)<( 809/.-~ 807,1-87 86;..-'.-Ji 84Y.-% 85)/.-85 849/s-85 71J!Vs-78% 78%-7~J).1i 77-76)/z 7.1'.{-74% 75~-76Y, 761,--Y, 76-76Y, 76-74)1; 75%-"A 7~-% 7-77V. 78%-% 70)/.-70

Hangc in prim~

Tllgh Low

--- ---

CcntH Cent., lilY. !JOY. 1!1% ~\)

!JOY, 88)/z 110 kf$}2 811)/z 87% ~!JY. ~8)<( 81J% 88% 81J% 81i)i ~IJ% 811 80)<( 88% 81! 87% 87% 80% 87).1i Hll% 87% Hfl)i 80)/z 85% HfJ% 84)/z 81!% 81% sny,; Hfi% 8() ~r, 87)<( 8.oYz 87)/z 86% 87)/z 86% 87Y, 81l)i 8fi% 8.5% 80)i k.1 Hfl)/z 8n% 87% 85)1; 81JY, 87 X8Y, 88)i 811% 88% 88V. 87 87% 80% 88% 87% 87)<( 86Y, 87)1; 80% 87% 80~ 87% 81Pz 87% 87 88 87Yz 88 8fl)/z 85% fH% 85% 84% R5:Ys; H5 Hfl% 85 8'% gr,y. 85)/z 1!4% 80% 81% 80% 81) 80)/z 80 86% 86Y, 8fl% 8fJ)i 87Y, 80% 87Y, Hfl% 8fi% gr,y, 85% 84)/z 85)<( 84% 85Y, sof'% 71J% 77V. 711% 77~ 77V. 73'• 70)/z 74V. 77)/z 75% 76% 75% 7H% 74V. 76 73% 71;Y, 74~ 77V. 75 1,

78% 77 70)1; 78U 70Ys 77

!'; f.!t ehangc rrom Jlrevi(JIW rluy

Closing price

Ormn r:lrx1. emnrnit- in~ monts prkc

C'e'fll!J !11%-% 811!/z-% 811%-110 88)1;-811 81!-88)1; 8\J-88%

1,00() lnuhtlH Cent•

-l-5iiH -i~ -l-11

-l-176 +% -l-117 -Y.

+1 -1ir.

81iV.-% 80%-V. 811%-Yz 811-88% 88-87% 8G%-% 811%-%

-55 +Ji -l-184 ·H7 +Ji -(i:5 -Yz

-l-118 -1 -l-23 t1){

-l-241 8G%-Yz BG%-Y. 849/..-Yz

-l-218 -){ -115 -~ -120 -11~

86)/..-Ji 8.5%-Y.

-l-lf18 tll4 -1--% -Yz

85)<(-% +in -H 87-87Y, 87V.-% 81))1;-87 8fl:V.-Ji 859/.-% 8fl)/.,-8fl 8fl%-Y, 87!/z-% 88%-:V. 889/s-Yz

+5:l tl~ -I-50 HI

-l-320 -l-1 -!il -~

-l-2011 -H -I-2:J3 tli ·HBO HI

-1-711 t1!-i -j-347 -l-1!4 -l-:l80 -!4

88)/:r~ 87-87'• 87)/.-% 879/.-% 87)/.-Ji 879/.-Ya 87:V..-V. 87J/:r% 87)11-Y, 87)/.-% 8fi%-Yz 85;.--'.-V. 85YrR!i 85!/z-% 8fiY,-V. HfiJ/z-% RriVrVz 8fi%-% 81i%-Ji 86:V.-V. 80%-Yz 80)/z-% 86%-% 86Yr% 85)<(-% 85~-% 84' .-% 80%-Y, 789/.-% 77%-78 75)/.-75 75%-% 77-70)1; 76)<(-76 7-5V.-% 75%-Ya 75%-Ya 76%-% 78V.-% 70!/z-% 77%-Y:I

-l-587 ··:.:jji, -1-201 -l-21l4 +Yz -1-385 tV: -l-111 -Yz

-8 +Yz -1-380 -% -t-140 Hi +J!i5 -J<i -1-200 +Yz +441 -IV. -1-578 -IV. -f-424 -!4 -118 +%

-1-10 tV. -17 -~{

+4o:J "+i~ -f-760

-f-101 -Yz -f-00 •"+Y. -1-544

-1-2113 ---+u -1-:!08 -t-222 -!-I

+1,020 -Hi -f-IJ25 t!i ·1·208 -v.

-!-1, 7511 .. 4Yz -t-504 -IH -58 -v.

-!-1,530 -3 -f-40 t'4

-120 tlli -11>8 -% -1-0211 -% -14 tii

-!-325 .. +i·' -f-2() -t-21 t1Yz

-!-882 tH\ -237 -2

WHEAT FUTURES 77 TABUJ 32.-Daily volume of trwling, open commitments, opening, hirfh, low, and

c/osintf prices per bushel of July wheat futures on the Chicago Board of 'l'rade, Jan. 3, J.'J83, to Dec . .'J1, 1935-Continued

1034 JUJ,Y FU'l'URE-ConLlnuod -- ---- -------.-----.-----,------.--------.-----.-----

IJate

JO:l4 May2 _______________ _

May 3 .. --------------May 4 _______________ _

M}lY6---------------May 7---------------May 8----------------May g _______________ _ May 10 ______________ _ May]!__ ____________ _ May 12 ______________ _ May 14. _____________ _ Muy IIi ______________ _ May 16 ______________ _ May 17 ______________ _

Muy 1~---------------May HJ ______________ _ May 21.. ____________ _ May 22.. ____________ _ May 23 ______________ _ May 21 ______________ _ May 25 ______________ _ May2!L ____________ _ May 2g ______________ _ May 20 _____________ __

May 31.--------------June}_ ______________ _

Juno 2.---------------June 4 _______________ _

Juno"----------------June o _______________ _ June 7 _______________ _

June 8----------------June 9----------------

m~lHm~~m~m ~~~= :~---------------

llll!lilll~~[lll 1034

----------- ------------------ .................... --------------------------------------------- ------------ ----------------- ------ -------------------------- -----------

Volume Open of trarl- comrnlt-

ing rnents

1,000 bushels 15,004 0, 365

13,013 1P,, 242 22,181 18,800 24,114 31, (j.'j2 32,088 22,324 23,708 13, 100 20,208 27, 170 23,564 12,086 18,500 17,571 16,401 12, 191 24,913 18,010 26,474 20,668 33,462 32,641 18,860 17,720 22,200 21,87:l 12, 216 7,175 7,506 6,102 4, 372 6,900 0,448 4,612 1, 764 2,029 1, 217 a, ooo 5, 3'l4 2, 863 2,041 2,084 2,740 2,142 3,335 2, 672 4,629

1,000 bushels 46,851 47,124 48,074 47,270 47, 141 46, :!70 46,031 45,077 45,163 44,866 44,564 44,521 44,670 45, 167 4.), 0:!4 44,982 45,005 41,960 43,8.)1 43,306 43,731 42,B31 41, 100 39,338 37,548 30, 64~ 30,072 34,754 33,413 31.!183 30, 270 29,181 27,612 26,888 20,231 25, 23M 23,752 2.3, 264 22,956 22,633 22,368 21,400 10,881 18,613 17,704 17.248 !6, ooo 15,219 12,021 11,644 0,030

Opening price

C~nlR 77J.i-% 77-76'!1 76)4-31 78--78)4 81-81'!1 81Ys--31 83%--% 83J,i-'J1 80%-00)4 87-86% 84%-85V. 85%-80 86-86% 811-80~ 80¥.--YB 881<(-31 00!4-jJ.

~r?rs~ 8fl-88% 80-80V. 92)4-31 02%-Ys 06%-)4 07-06

103)4-% 102J,i-102 97J.i-J4 96-0531

100%-31 07)1-9031 07Ys--% 00%-101 ow.--~ 08%-!4

100-00V. o.;%-V. 94-0431 95-95)/g 03%-31 05 04)4-Ys 02Ys 80J,i-V. oov.--v. 01J.i-"/ll 00)4--90 90)4-31 0031 02 00

Hangc in price

lllgh Low

Cents 77';-8 77% 78% 79'!1 83% 84)4 85% 88fj 01)4 88 8531 87 80 00'!1 00)4 80% 0031 89Ys 80'!1 80V. 92~-H 02% 00% 08

102% 10031 10231 98)4

101J/s 102 08% 00%

101)4 00%

100 100% 95% 05% 95% 95 05 04)4 92% OO).i 02Ys 02)4 01% 91 02% 02 00)4

Cents 70% 76V. 76)4 76% 81 81% 83)4 8331 87V. 85% 8331 85% 85 87% 8731 88 8831 87V. 87% 88V. 80 01)4 92% o.;~ 06

101)4 07% 90 0531 00 0031 06'!1 08)4 07V. 08Ys 96 03 03 03% 03% 04 02V. 89V. 88% oov. oov. 80M 80% 9031 oov. 89%

1034 JULY FUTURE (OLD STYLE)

2,534 8, 436 80)4 8031 87)4 2,070 7, 780 87%-% 88Ys 87%

055 7,063 88~ 89% 88)4 014 6, 705 888~-% 80% 88!.1\ 770 0,125 80~ 80~ 88% 737 5, 751 88' 881 2 80% 811 5, 205 86%-% 88 86%

1, 285 4, 523 91'J1-U2'J1 02Ys 01Ys 1,012 3, 732 04-03Ys 04~ 93

060 3,043 93U 07'• 92% 672 2,050 06 08 00 466 2, 286 07 98)4 06%

Closing price

Cents 77J4-V. 76Vs--!4 77%--78 70%-31 82Vs--% 84Vs--84 83%-% 88%b H7Vs--!4 85Vs--Ys 85-84Ys so:Vs--!4 88%-31 8Ws--~ 87%-7!1 soV.--J4 88%-31 883/.--31 88Ys--80V. 89--88Ys 01%-% 01%-% OO%b 07J,i-J4

102)4-% 102Vs--101% 08)4-08 06%-31 100~-Ys 90)4-00 07J.i-% 07%-Ys OSJ.i-% 08Vs--% oov.--v. 06Vr;-ll6 04V.--Il4 04%-% 04V.--04 o4%-M 04Ys-% 02)4-V. 80~-f'. BOYs--% 02%-Ys OUVs--31 00 00 0~2V. OOJ4-V. 80%-%

87)4-% 87% 89V.-U 80% 88Ys 86% 87Ys 92Ysb 0331 98V. 97%--~ 06Ys


Open Clos-commlt- lng ments price

1,000 bushels

+550 +273 +050 -7U8 -135 -702 +255

-1,557 +86

-207 -302 -43

+155 +491 -133 -52

+113 -126

-1,118 -545 +428 -003

-1,665 -1,828 -1,700

-900 -576

-1,318 -1,M1 -1, 4.~0 -1,704 -1,0DR -1,569

-724 -657 -003

-1,486 -488 -308 -323 -265 -068

-1,510 -1,268

-819 -546

-1,149 -880

-2,208 -1,277 -2,008

-1,200 -647 -726 -358 -580 -374 -546 -682 -791 -680 -493 -264

+2 -1~ -~

-2~ +31

+131 +V. -31

-2U +1)4 +5 +·

+2Ys +Hi -·

78 STATISTICAL BULLETIN 54, U. S. DEP'f. OF AGRICULTURE

TABLE 32.-Daily volume of trading, open commitments, opening, high, low and clo.sing prices per bushel of .July wheat futures on the Chicago Board of 'i'rade .Jan. 3, 1.933, to Dec. 31, 1935-Continued '

1034 .JULY FUTURE (OLD STYLE)-Oontinued

Range In price

Volume Open Date of trad· eommit- Opening Olo~ing

ing ments price prwe IIigh Low

1,000 1,000 1934 bushels bushel., Cent., Cents Cents Cents

July 17 ............... 8H2 1, 072 909/.-:li 99% 96% OR% July 18 ............... 117 I, 4\12 OR% oov. 08Y, 98% July 19 ............... 076 I, 144 ggy. 100% 98Ys 90% July 20 ............... 3fi7 881 101-100% 101 D7 U7%-% July 21. .............. I:Jo 846 97V. 09% 07V. 00% July 28 ............... 104 774 100-100Ys 100% 08% 08%b July 24. __ ..........•. 117 717 9iYs 98% 96 06% July 2.5 ............... no (j4!) 9GY, 98% 96Y, 98 July 26 ............... 92 OOH 98Ys 98V. 95% 06% July 27 ............... 160 548 97Y, 9RYs OG:li 96~-Ys July 28 .•............• 206 s:H 97% 99% 07% SJ\)311,

July 30 ............... 328 393 99\1-V. 101 OOY.( IOOYs July 31. .............. 316 ~-------- 99:li-Ys 100% 99 09Ys-99

1934 JULY FUTURE (NEW STYLE)

1934 July 2 ................ 30 10 88V. 88V. 87% 87% July 3.--------------- 40 30 87Ys 88% 87% 87% July .5. ··-··-···--···- 80 no 88V. 80% 88% 89 July 6.----·-···--···- 10 80 88% 89V. 88% 80%a .July 7 ................ 3.5 90 89% 89% 88Ys 88Ys July 9c---··-····---·- 8 gr. 88V. 88V. 80% 86% July 10 ............... 65 l~fi 87)4 87Ys 87Y.\ 87V. July IL- -·-----······ 196 220 92)4 92V. 91Ys 92V.b July 12 •.. ---------··· 65 206 93% 94Y.\ 93Ys 93% July 13.- ------·-····- 20 201 93 97 92% oov. July 14.-------------- 30 201 96-95Ys 97Ys 95Ys 97\1 July 16. _ ---······ ..• _ 14 197 97V. 97% 96% 90Ys July 17 .............•. 60 !40 98 99Y.\ 08 98% July 18.--------·····- 5 110 99% 09% 98Y, 98% July 19.------------·- 10 45 100)4 100)4 99)4 99% July 20 .••••.....•..•. 35 4.5 99% 99% 97V. 97% July 2L ••....••.•.•.. 25 15 97% 99% 97% 99% July 23.----··-·-····· --------- 10 -------------- -------- -------- --------------July 24 .• --------·--·- 5 15 95Ys 90% 95Ys 96% July 25.------------·· --------- 10 -------------- -------- --------------July 26.------········ 5 15

--ii7~r------'96% -,iia%·- --iiiM _______

July 27 ............... (') 10 98 96Ys July 28-------········ .. ··-·· ii' 10 -------------- 'iiiii~,(' --iiii5r "iiiii% ________ July 30.------·-----·· 8 100 July 31. ••.••........• 3 --------- -------------- (1) (1) --------------

1935 JULY FUTURE

1934 Sept. 25 •..••....•...•• 50 40 -------------- 100 99~ --------------Sept. 26 ............... --------- 40 -------------- ""iiii~,(' ""iiiiji"" --------------Sept. 27 ............... 5 45 -------------- --------------Sept. 28 ............... 55 65 -------------- 99Ys 99Ys --------------Sept. 29 ............... 80 130 -------------- 99 98 --------------Oct. L.-------------· 707 535 97 97V. 94Ys 95 Oct. 2 .•............... 1, 134 980 94% 94%: 92% 94Ys-93%: Oct. 3.. •••............ 1, 149 1, 312 93V. 94Y.\ 90%; 90Ys-~ Oct. 4 .. ----------···· I, 381 I, 679 919/.-Ys 92% 90 92Y.\-8 8

Oct. 5---·····--------- 927 1, 786 92-92Y.\ 93V. 92 93Y.\

Oct. 6 •. ----------···- 1,024 2, 082 93V. 93% 92 92Ys-7:i:

Oct. 8 •. -------······· 834 2, 398 92Ys 92Ys 90)/g OIYs

Oct. 9 ... -------·····-- 728 2, 499 91-90)/g 91Ys 90% 91'V.-V. Oct. 10 ..•. ---·-------- 1, 664 2, 641 92Ys 94:li 92 94Y....%

-Net chango from

previous day 1- -

Open Clos-commit- ing ments price -----

1,000 bu;hel., Ccnls

-614 +Hfi -180 +% -348 +Ya -21)3 -I% -35 t1% -72 -1 -57 -2 -72 tl% -37 -1Ji -60 ---·----17 t3

-l:l8 +IV. -303 -Ui

+IO •"+V. +20 +30 t!Ji +20 +% +10 -n +6 -21~

+40 +Ys +90 to -20 +Ys -5 +3%

···-·::4· +% -%

-.57 tl>l -30 +% -65 +Ys

····:::iii' -l)'i tl%

-5 -------+5 --------5 -------+5 ... -----5 -------

---··::2· -----· -------

-8 -------

+40

---·-+s--+20 +65

+405 +445 +332 +367 +107 +296 -i-316 +101 +142 +450

·:.! -3!4 +10 +I -I -lli +%

+3 t3!4

Oct. 11 ••.. ------------ 2, 857 3, 091 95Y.\-~ 98% 95Y.\ 98Y.\-%

' Price at which trade was made, but no quotation recorded by the Chicago Board ol Trade quotation department.

' No volume ol trading reported. 1 No offlclal quotations recorded.

WHEAT FUTURES 79

TABLE 32.-Daily volume of trading, open commitments, OJ?ening, high, low, and closing prices per bushel of .July wheat futures on the Chtcago Board of Trade, .Ja~. 3, 1.933, to Dec. 31, 1935-Continued

I935 .JULY FUTURE-Continued

----~


Volume Open Opening Closing Date of trad- commit· '

ing ments price price Open Clos-High Low commit~ ing

ments price

--- ---1,000 1,000 1,000

1031 bushels bushels Cents Cent.~ Cents Cents bushels Cents Oct. 13 .. ------------- 1, 321 3,030 96-95Y2 96% 95% 96 -61 -2~

Oct. !.1 .••. --------··-- 878 3, 201 06Y.-V. 96% 95Ys 9.5%-){ +I71 -% Oct. 1D ................ I, 521 3, 308 95Y..-95 97){ 95 96%-% +107 +1Y2 Oct. 17 ............ --- 1, 233 3, 634 96%-% 96% 95\il 95Y.-){ +326 -IV, Oct. JR ................ 1, 401 3, 845 94Yz-~ 95){ 93% 95-94Ys +211 -~ Oct. 19 ................ 1, 207 3,987 94% 94% 93% 94 +142 -I Oct.. 20 _______ ......... 1, 756 4, 080 93J4 93% 92Y2 92:Y.-Y2 +93 -IV. Oct. 22 ................ I, 278 4, 214 93-93){ 94 92){ 92:Y.-~ +134 -~ Oct. 2.1 ................ 997 4, 232 92Y2-% 93% 92){ 92% +18 +V. Oct. 24 ................ 874 4, 448 93%-)4 93% 92% 93~2-% +216 +% Oct. 25~--------------- 1, 441 4, 574 93% 93% 91% 91% +126 -I% Oct. 2D ................ 1, 975 4,909 91){-'/il 91Ys 90% 91Ys-% +335 -------Oct. 27 ................ 032 5,007 9IYs-% 91Ys 9IYs 91% +98 -v. Oct .. 20.. .............. 3,095 5, 421 91%-Ys 92 89 89V.-% +417 -IYs Oct. 30 ................ 2, 827 5, 770 89\1 89% 88% 89){-% +346 -~ Oct. 31.. .............. 3, 64.5 6, 297 88Y..-% 89){ 87% 88-87Ys +527 -I~ Nov. L .............. 2, 958 6, 674 88% 89~ 87% R9-89\i +377 +1 Nov. 2 ________________ 2, 703 a. 854 89V.-88Ys 90 88% 9(}-89Ys +ISO +1 Nov. 3 ________________ 1, 467 6, 794 90){-Ys 90% 89% 89:Y.-Y2 -60 -J.i Nov. t) ________________ 1, 758 6, 674 89){-% 90\1 89\il 90Y.-J1 -120 +% Nov. 7 .. -------------- 4, 492 6,871 90%-Ys 94){ 90\1 94!-~-~-;f' +I97 +4 Nov. R ________________ 3, 881 7, 474 94-93% 94\i 92% 92Y..-% +603 -1)4 Nov. g ________________ 2. 790 7. 819 93 94){ 93 93V.-% +345 +% Nov. 10 ............... I, 744 7, 843 94 94% 93% 93%-94 +21 +V. Nov. l:l _______________ 3, 750 8, 239 93'Vo-'Ys 94% 927/q 91H<-94 +396 +'/il Nov. 14 _______________ 2, 218 8, 411 94\1 94% 93~ 93%-34 +172 -~ Nov. lli. ______________ 4, 422 8, 812 93Yz-% 957/ri 93~~ 95%-li +401 +tV. Nov. 1L ________ .. ___ 4. 288 8. 917 94%-% 95\1 93 7/q 94)1;-'/g +105 -I Nov. 17. ______________ 2, 610 9, 443 93%-M 94\1 93Y, 93%-Vs +526 -)4 Nov. 19 _______________ 3, 004 IO, 049 93'-i-V. 94)4 93V. 93\~-94 +606 +~ Nov. 20 _______________ 4, 093 IO, 553 93%-V. 93% 91'/s 92-91 Vs +504 -2 Nev. 21.. ............. 3, 787 10,917 91jt'Ys 92\il 91 91'/'-92 +364

---:..:~ Nov. 22 _______________ 3, 298 11,369 92 ·-% 92% 91'/s 913/s-% +452 Nov. 23 _______________ 3, 629 11. 930 91 34 91 34 90% 91%-V. +561 --+U,( Nov. 24 .. _____________ 1,804 12.320 92~-)4 92% 92~ 92'i'-% +390

~~;: ~L:::::::::::: 3, 527 12. 839 93-92% 93 91~ 91~1--% +519 -n~ 3,449 I2, 893 91Y2 92% 91% 92%-~ +54 +•. 3,885 I3, 252 92'/,-o/,1 93V. 92% 92%-% +359 +V. 4, 508 14, 186 92-91Ys 92!{ 91~ 91%-92 +934 -Vs 2, 764 14,387 92\il 93!{ 921s 93)-i-~ +201 +_2~ 3, 813 14,864 93? '-94Ys 94){ 92% 92tf-93 +477 3, 895 14,994 92'/.-V. 94% 92Y, 94 .-~ +130 +1~ 8, 798 14, 758 94Yz-% 98% 94V. 97-97!{ -236 +2Ys 5, 788 15, 255 97!{-97 97% 96V. 97-97~ +497 --·:..:y, 9. 345 16, 5B1 97o/.i-Ys 98'/s 96\il 97-97V. +I, 306

------ 2, 250 16,720 97){ 97% 96~ 96%-V. +159 -)4 3,050 I6, 762 96~ 96Ys 95Y2 96~-% +42 -~ I, 855 16. 891 96 96 95% 955 .--34 +t29

-1~ 1, 979 17,054 95% 95% 94~ 94%-V. +163 3, 194 17,393 9.5~ 95Y2 94 2 94V.-Y2 +339

"+i~ ], 932 17,804 o4V,...aA 95 7/s 94% 95%-?il +411 2, 081 17.923 95% 96~ 94% 941/.--34 +119 -I 3, 779 I8, 268 94){ 94. 93 93\il-93 +345 -~~ 3, 555 18, 745 93Yz-% 93'/s 92% 93%-~ +477 3, 822 I9, 421 93% 9334 92~ 92Y.- • +679 -I~ 2, 751 I9, 585 92-92~ 9215 92 92~-1/s +161 ---+ti 4, 430 19, 746 91%-~ 92'• 91){ 92 .-% +161

~:~: ~::::::::::::::: 2, 484 I9, 602 92V.--'• 93Y, 92% 93%-~ -144 +•. I, 102 19, 512 93:Y.-)4 93% 93\i 93%-'• -90

t~

~l~: ~~H~~~~mm 1, 825 19,456 9334 94\i 93% 93'/s-94 -56 I, 301 I9, 676 93%-V. 93% 93~ 93% +220 -% 2, 692 19,726 93\.i! ~!~ 92% 94\il-94 +50 +% 2, 470 19, 737 94){ 93% 93~/s +n -)4 1, 893 I9, 961 93Ys 93Ys 93Ys 93 +224 -------

Jan. 2 .. 1935 2,540 20,414 93)4 93)4 92 92%-)4 +453 -I

m: H~~~j~~~jmm 2,479 20,408 92%-~ 93% 92~ 93~-J/s -6 +% 2, 588 20,665 9W.-Ys 03Ys 92% 93\i-~ +257

---+~ 1, 990 20, 705 93 94 92% 94-93Ys +40 4, 325 20,503 93% 94V. 93% 94Ys-~ -202 +~

80 STATISTICAL BULLETIN 54, U. S. DEP'l'. OF AGRICUL'l'U!tE

TABLE 32.-Daily vol,•rne of tra,ding, open cornrnilrnent.s, opening, hi(fh, low and clos-ing price.s 7Jer bushel of .July whenl jut·ure.s on the Chicago Bow·d of i·rade Jan. 3, 193.'3, to Dec. 31, 1935-Continuod '


Itangc in price Not chango rrom

Volume Opon provioug day

Date of trad· commit- Opening Closing

ing ments price price Open Cios·

High Low commit· ing monts [>rico

--- ---- -----1,000 1,000 1,000

1035 bu.,hels bushels Cents C'ent.Y Cents Cents bushels Cent1 Jan. 8----------------- 2, ~oo 20, U:!U 04 04% 03!/a 01-1!3% -1-!:JG -v. Jan. g _________________ 3, J]!j 20, 576 93% fH% 0314 9a14-% -(JJ -% Jan. 10---------------- 2, 220 20, 553 93Yz 04 02% oav.-Yz -2:! +!4 Jan. 11---------------- 5, .155 20, :l04 IJ3J;k-03 oav, O!Yz UJ%-% -151! -1% Jan. 12-------· --· ----- 4, 7211 20, 522 OIJ;k-01 fJI% 00% 91%-14 -l-12~ -Vz Jan. 14 ________________ a, 7f!l 20,780 01%-14 OJ% ROY, 90Y,:-oo -l-258 -1)4 Jan. 15 ________________ 11, 122 20,717 BOY,-% ooy,; 86!/a 86Yz-% -63 -3Vz Jan. IQ ________________ 6, 648 20, 5\JO 86%-87 88% 86% 88%-14 -121 til:( Jan. 17 ________________ 3,1J08 20,032 88%-Yz 88'!{ 87Yz 88Yz-% tao +V. Jan. 18---------------- 3, 000 20, 5flfi 88%-'A 8014 8814 88Yz-% -~1fi -------Jan. 10 ________________ 2, 088 20, 7:l2 80-89Ys 80'!{ 88% 80%-% -l-136 tlV. Jan. 2L ______________ 4, 501 21,025 HO% BOYz 87% 88'.1.-% -l-203 -1 Jan. 22 ________________ 3,000 20, ~J:J 88Yz-U 88)/:! 87% 8814-Ya -212 -Vz Jan. 2:J ________________ 3, 508 20,826 88Yz-% 80% 88% 88%-% t1:l +V. Jan. 24---------------- 3, 284 20,843 88% 80 87% 88%-% -H7 +Yt Jan. 25---------------- 2, 003 20,966 BBYz-% suv. 8814 89V.-Yz tl2:l +V. Jan. 26 ________________ 1, ~20 -21, 140 8914-% 80'!{ 8!! 80V,.-U -1-180 -!4 Jan. 28 ________________ 3, 84:! 21,123 88!!/.-:V. 88% 87% 8~Y,:-88 -2:! -IV. Jan. 2IL ______________ 3, 456 21.083 R7Yz-% 8HYz 87% 87Yz-% -40 -Vz Jan. :Jo ________________ I, 094 21,070 87%-% 88Yz 87Yz 88%-!4 -4 Hi Jan. 3L ______________ 2, ?,05 21, 104 87Y.-88 BOY>< 87% 88%-'l{ -l-25 +Vz Feb. 1_ 1, 680 21,014 88% 88% 88 88%-Yz -00 -!4 Feb. 2 __ :::::::::::::: 1, 85fl 20,1Jf)2 8814 80 87% 88%-80 -52 +Vz Feb. 4---------------- 3, 728 20, 37fJ 8814-Y,: 88% 87% 87Y.-% -583 -IV, Feb. 5 ________________ 3, our, HI, 77:! 8714-% 88 86% 87%-H8 -006 +Vz Feb. IL ______________ 2, 34H 20,057 87%-% RRY,: 8714 87%-% -l-284 -v. Fob. 7 ________________ 3, 0.\0 20,277 87Y:r:V. 88% 87% 88%-14 t22'J +Vz Feb. 8 ________________ 2,487 20, 280 8814-Ya 89% 88Y,: 88).{.-80 -l-12 +Y. Feb. o ________________ 3, 237 20,418 80J;k-14 OOYz 89Ya OOYz-% -l-129 +I~ Fob. lL ______________ 1, 058 20,4110 89)/z-"/o 80Yz 8() soY,:-X -I-51 -1!4 J•'eh. 13 _______________ 2, 241 20,837 80-88% 00 88% 80%-!10 -l-368 +V. Feb. 14_ ______________ 2, 0.52 20, 74fl \J0-89% \J014 BOY, 81!%-% -\Jl -!4 Feb. 15 _______________ 2, 522 20, Uflfj 8f!%-Yz ooy,; 80)6 00%-% -l-220 +J Feb. 16 __ ------------- 2, 2~0 20,807 00%-% IJ114 oov. UO%-Yz -150 -!4 Feb. 18'--------------- 2, ()!18 21,207 !JOY,-% 02% 80% 0214-% -HOD t2 Fch. HL ______________ 5, 456 21,700 02J1rYz 92% Ill% OIY,-02 -j-4!1:! -Vz Feb. 20 _______________ a, 011 21,845 01%-Yz \11% !J014 00% -1-145 -1% Feb. 2L ______________ 3, 1fil 21,047 goy,; 91% 00% 11114-% -1!18 +% Fob. 2:L_ ------------- 3. 204 21 OGO UlYa-OOY, 92 IJO% O!Yz-% -1-22 +!4 Feh. 25 _______________ 2,!181 21,941 UHJOY, 02 !10% !i!Yz-% -1-272 ---+~~ Feb. 20 _______________ 3, 042 21, uar; Ill% 92% \JI% !12-!12v.i -5 Feb. 27 __ ------------- 3, 524 22,01\J 92%-Y:! IJ:J% 92J;k O:JY,:-14 tsa tl!4 Feb. 28 _______________ 3, 401 22,191 u:w..-:v. 03% \12Yz 02%-'V. -l-172 -H Mar. L _______________ 2,2(;11 22, 430 0214-Ya 112V. 9J1.-;! 02%-% -1-246 ·--:.:y, Mar. 2---------------- 2, 0:18 22, c2o 03 9'' IJ2)4 02%-14 tHO

Mar. 4---------------- 2, !150 22,870 fil%-Yz Ill% OlY,: 91Yz-14 t:!M -% Mar. 5 ________________ 2, !138 23, 032 91%-14 OIYz !JOY, 00%-Yz -l-16:1 -% Mar. fL ______________ 7, s:m 23,377 9014-110 92Yz 80% soY.-% +:H5 -1 Mar. 7 ________________ 2, 8:10 23, 325 00%-14 \IOV. HIJ% 00%-% -52 +1!4

Mar. 8---------------· I, 851 23,452 uov.-v. uoy,; 110% 90%-% -l-127 ·--:.:u Mar.~~---------------- 2, 252 2:!, 432 OOYz-% uoy,; 8fl% !10%-Yz -20

-IV, Mar. 1L ______________ 6, 375 23, 27:! 89%-Yz 00 87% 89-88% -J!iSJ -!4

Mar. 12--------------- 4, 634 22,842 88%-Yz 80% 8814 88%-% -431 Mar. l:J _______________ a, o55 22,721 88% RIJ% 8H14 811%-% -121 tJ

Mar. 14·-------------- 3, 500 22,541 811%-% 80% 88% BBYz-% -180 -1!4 Mar. 15 _______________ 5, 064 22,4()5 81lV.-Y:! IJOJ;k 88Ya BUYz-% -4fi +~0 Mar.l6 _______________ 3, 417 22, 5:!0 80%-% 00!/a 89 80-BUY;i -l-35

+n Mar.IB--------------- 5,406 22. aar; 88-87% 88% 87% 88%-Yz -104 Mar.IO _______________ 3, 122 22,267 88%-% 8UJ;k 88Yz 88%-% -60 Mar. 20 _______________ 6, 040 22,477 89Y,:-~ 0114 BOYs 01-!llYa -l-210 +Zyj

+li Mar. 2L ______________ 8, 060 22, 751) 91-00~ 112% oov. 91%-% +279 +0 Mar. 22 _______________ 5, 703 22, 4:11 92-02' 8 92% n% 9214-% -325

-l-222 -1 Mar. 2:) _______________ 3, 315 22,653 91%-% 91% 01 9114-Vk +yj Mar. 25 _______________ 4,401 22,400 oov.-v. 91% oov. O!Yz-% -!51 tyj Mar. 26 _______________ 3, 093 22, 522 91% 0214 \JI% DIY.-% -l-23

+172 Mar. 27 _______________ 6, 705 22,708 112%-Y:! 03% 92% oa:v.-l>. -1-186 -U Mar. 28--------------- 4, 520 22,804 9314-J;k 03Yz 92Yz 02%-Yz -1-186

-0 -l-278 Mar. 20--------------- 3, 184 23, 172 92Yz-% 92% Ill% 02-91%

a On Fob. 18, 1935, trading was suspended at 11:13 a.m., for the remainder of the trading day, owing to the rendition of tho gold-clause decisions by the Supreme Court.

WHEA'l' FUTURES 81

TAJll,JG 32.-Daily volume of tradin(J, open commitments, ?l~ening, hiyh, low, and closina prices 71er b·ushet of July whe;;,t f'utures on the Ch~cago Board of Trade, Jan.::;, 1933, to Dec. 31, 1935-Contwued

lJate

!935 :JO ___ -- ----------!_ _______________

2_- --------------:L- --------------4----------------1)_-- -------------(! ________________

k_ ---------------!L --------------IlL-------------Jl_-------- ------12_--- -----------I:J_ --------------l[i _______________

j(j_- -------------

17---------------18_ --------------20 __ -------------22_------ --------2:1.--------------2.1 '--------------26.--------------27---------------2!1_--- -----------ao ______ ---------'--.-- -----------2 ________________ :$ ________________ 4_ _______________

()_ ---------------/_ _______________ 8 ________________

Mar. Apr. Apr. Apr. Apr. Apr. AfJI'. Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr, Apr. Apr, Apr. Apr. Apr. Apr. Apr. Apr, Apr, Apr, Mav May May May May May May Mn) May May May May May May May May May May May May May May M,.y M,.y Mav Mai Jun Jun Juu Jun Jun Jun Juu Jun Jun Jun Jun Jun Jun

• [! ________________

10_ --------------II_ ______________

13 ______ ---------14---------------15_ --------------!()_ ------------·-17----- ·--- ------~~---------------20_ ---------· ----21_- -------------22 _______________ 2:!_ ______________ 24 _______________ zo _______________ 27---------------2k _______________

2U_ --------------. :n

~ :L:~:::::::~:::::

II :i i

Volume of trarl-

Jng

1,000 buB/tela

2, 250 4,398 4, 602 5, 783 7, 479 4,874 3, 391 7,086 5, 509

10, 330 13,720 15,402 ~~. 124 2:!,062 18, 332 22,475 12,905 10,844 15,082 17, 012 22,430 19,055 8, 787

15, 57U 15, 093 1fJ,325 13,972 11, 786 7, 4GO 9, 706

19, 334 12,321 9, 500 0, 064

13,091 16, 818 12, 713 8, OS5

12,888 12, 984 11, 373 11, 781 10, 087 8, 014 G, 537

12, 700 n, 910

10, 254 10,1155 15, 050 15, 630 13, 300 10,974 0, 153 7, 205 8, 714

10,064 9, 880 0, 013 6,087

l:J, 38:J 9, 507 4, 004

1035 JuLY Io'U'I'Uin;-conLinuerl

Hange In prlee Open Opening -------cornrnit-monLs prlee

lligh Low

---

1,000 bu•hel• Cents Cent,, Cent• 23,201 02YHi 02% 02)/, 23,897 02)i-92 nr.t O(IY, 24, 051 91Y.-"A OJ% 90J/z 24, 124 90Y,--IJ1 91% UOY, 24,303 91V,-92 92% orv. ?4, 213 91V,-% U2V, 9J)i 23,885 O!Y.-"A gz 91% 24,059 92)/:r03J,i 03)i 92V, 24,395 92)/z-Ji 92:V. lilYa 20, 124 033/:r% 95J/z 9:J)<t 25,869 97)/:r98)i 98)i 96Yz 26,200 UIJ!V.--Ji 99:V. SJB% 26,821 100-UOJ/z 101% !JOY, 28,816 V9!)i-!J8!)i lOOYa 9H% 29,878 90)/:r!<t 102 99)i 30, 312 IOW.--Yz 101% 90J/z 30,210 99%-100 l(~JV, OV)i 30, 190 lOOY,.--% 101J/z lOOV, 30, 357 101Ji-% 102 100% 30, 210 100%-% 100~ 98 30, 508 98-08J/z 981 2 90% 30,791 98)/.,-97:V. 90% 07Ya 30,939 OU-08% 911% U8% 31, 938 08)/:r% !OOY,. 98% 34,029 99)/.--% Oil% 98J/z 30,008 99!)/.--V. 100 08 37,812 97!)/.--Y, 07% 9fl% 30,056 97-U7V, 07J/z 90% 30, 249 97Ya--V. 97% 96V, 30,092 00)/.--06 97V, 95% 39, 150 90%-Yz 90% 04% 39,222 94%--95 96 04% 38, 731 WV.--% 06% 95 38, 046 96)/.--% 90% 04% 38, 918 95V.-OO 06 O:J% 30,510 !!3%-% 93% 92Y, 39,707 92Y.--Yz 93 91% 40, 153 91%-9~ 92% 91% 40,047 92~-:v. 04V, 92% 39, 9:JO 933,-% 93% 91% 39, 357 90V.--Yz 91Y, 90V, 39,575 90%-% 9!V, 89J/z 39,007 89%-% IIIJJ/z 89)i 39,870 90)i-% 91 80J/z 39, 081 80:V.-1§. 90% 80% 38, 955 90-00)<t 90)i 88% 38,005 88-87:V. 88V, 87)i 39, 106 871§.-:V. 88Ya 80Ya 30,040 87)i-87 88 8fSJ/z 38, 102 87 87V, 84% 38,430 85-85V, 86 83% 37,343 83-82Y. 83 81)i 36,887 833/:r% H3:V. 82 37,030 83)4-V, 84 82% 30, 475 8W.--Yz 84 83 30,019 83%-Yz 84% 83J/z ao, sao 84)/.--83% 84Y,. 82% 34,080 82Yz--% 84% 82Yz 34,950 83% sa:v. 83 34,820 84-83% 84 83V, 33, 300 83)i-V, 83)i 80% 31, 388 8W.--Yz BOY. 78:V. 30,843 70Y.--Yz 80J/z 70V,

Closing price

Cents U2)i-% 91%-Y.t 00% 91)i-V, 92%-Yz 01%-V. 01%-:V. 92%-:V. 92)/:r% 95-U4:V. 96)/.--% oov.--:v.

100%-100 09%-:V.

101Y.--I02 90%--Yz 99Y.--Y.t

100Y.--IOI !Ol)i-V, 08)/.--98 97)/.--% 90%-% 98%-Ya 90%--Yz 00%--Y.t 98)/.--118 97)/.--07 IJ7V,--)i 96% 963/:r% 9·1%--% !i5V.--Yz 90)/.--!JO 94:V.-% 94-0:J:V. 92)/.--Y, 02-0!V. 112)/.--% 93:V.-94 91)/:r% 91)/.--90:V. 9()--00V, DOY.--!i 80%-00 OO!Va--Ji BBYz--% H7Y.--Yz 87%--% 87U-V. 84)/.--% 84-84V, 82%-83 82!Y.--Yz 83)/.--84 83%-:V. 84)/,--84 82Va--% 83J/z--% 83V.--% 83)/:r% 80%-:V. 78)/.--711 80)i-V,

Net change from day prcviow;

---Open

commit-rnents

---1,000

!Jushel• +80

+6ao +151 +73

+zm -J,50 -328 +174 +3:36 +729 +745 +397 +558

+1. 992 +I, 062

+434 -60 -47

+1.58 -141 +352 +223 +148 +999

+2. 601 +2,039 +1,144 +!. 244

+103 +443 -512 +72

-491 -85

+272 +592 +257 +386 -106 -117 -573 +218 +332 -37

-18n -726 -50

+201 --06 -818 +244

-1,003 -456 +149 -501 -456 -489 -544 -30

-136 -1,454 -1,078

-545

Clo3• illg

price

Cents +U

-1 -Yz +Yz

+1Ji -%

+1 -Y.t

+2;4 +!% +3 +% -%

+2!i -2Yz -%

+1% +Y.t

-3Y, -Yz

+2Y.t -1 +% -X

-l)i -1 +U

-1 +Y.t

-1% +% +Yz

-1)i -%

-1% -~-a +Y.t

+1% -2Yz -Yz -I +Y.t -% +%

-1% -1

--::j.i -2Yz -%

-IV, -%

+!Yz -Y.t +Y.t -Hi +% +Y.t -u

-2% -1%:

4, 216 30,334 80)/a--Ji 80% 78% 7!)--78:V. -509 '

+1% -l)i

or':1~adlng suspended Apr. 24, 1935, ending arrangements for the disposition or open futures contracts oi'rract~?or of Lhe exchange who had Eeen granted an Injunction by a Federal court restraining the Board

rom suspending the member.

68764-36-6

82 STATISTICAL BULLETIN 54, U. S. DEPT. OF .AGRICULTURE

TABLE 32.-Daily volume of trading, open commitments, opening, high, low and closing prices per bushel of July wheat futures on the Chicago Board of Trade Jan. 3, 1933, to Dec. 31, 1935-Continued '

Volume Date of trad·

ing

---1935

1,000 bUilhels

June 17 ····--··--·---- 3, 639 June 18 ..••..•....••.. 4,310 June 10 .•.•...••••.... 5, 678 June 20 ••....•...•.... 4, 939 June 21. ••.....•.•.... 3, SS1 June 22 •••....••.....• 2, 218 June 24 •••...•.......• 3, 273 June 25 _______________ 4, :.!56 June 26 ..........•••.. 3,SOO June 27 .••••••.•...•.• 3,076 June 28 •..•..•••.••... 9,132 June 29 .••..••••.•.... 10,727 July!. •••••..•.•.•.... 6, 414 July 2 ....•.......•.... 4,152 July:!.. ......•.......• 2,523 July 5 ••••••••••••••••• 3,357 July 6 ...•.........•.•. 3,04.5 July 8 .••••••••.•.•..•. 1, 204 July 9 .•••..•••...•.... 1, 230 July 10 •••••.••.•••..•. 1, 374 July 11 .•••••.•••••.... 040 July 12 .•.•...•••.••... 565 July 13 ••.•....•....... 434 July 1-~----··--·--····· 392 July lfl .......•••...... 282 July 17 •............... 984 July 1S ..........•..... 330 July 19 ...•.....•....•• 7S1 July 20 ..•••........••• 253 July 22 •.•••••..••••••• 425 July 23 •••••..••••••••• 356 July 24 ••••..••..•••••• 414 July 25 ••••••.••••••••• 683 July 26 ••••••.•.•••••.• 1,050 July 27 •••••••••••••••• 803 July 20---------------- 476 July ao ••••••••••••...• 470 July 31. •••..••••••••.. 606

1935 Sept. 26............... 6 Sept. 27............... 1 Sept. 28 ••••••••..••••• Sept. 30............... 24 Oct.!................. 1, 727 Oct. 2----------------- 3, 761 Oct. 3................. 1,S92 Oct. 4................. 1, 429 Oct. 6................. 1, 926 Oct. 7 --------········ 982 Oct. S................. 1, 39S Oct. 9................. 1, 270 Oct. 10................ 97S Oct. 11................ S96 Oct. 14................ 1, 366 Oct. 1-L.............. 920 Oct. 16................ 2, 441 Oct. 17................ S39 Oct. 18................ 1, 276 Oct. 19................ 1,141

1935 JUI,Y FUTURE-Continued

Range in price Net change from

Open previoW! day

commit- Opening Closing

ments price price Open Clos-IIigh I, ow commit· lng

men til price --- --

1,000 1,000 bushels Cents Cents Cents Cents bushels Cents 29,626 7UU-% sou 78% sov.-u -708 +1)1 29,126 80%'-% S2 80%' BW.-%' -500 tl% 28,102 SlY.-~ 81%' 79% 80-80% -034 -1% 27,747 79-70'• 80% 78%' ROY.-Yz -445 +% 26,741 SOY.-Yz Sl% SO% S1U-% -1,006 +% 20,106 81%-80% S1% 80 80%-U -635 -1 25,229 79%-Yz so 79% 7UY.-J1 -877 -% 23,532 70-79% 79%' 78%' 78Y.-79 -1,697 -% 22, 131 70%-U 80% 70 SOYz-% -1,401 +1% 20,707 sov.-so sou 7!1% 80-80% -1,424 -% lG, 19S BOY.-% S4% SO% S4%'-% -4,509 +4% 12,520 84U-S3% sou S3Yz 84V.-% -3,678 -):( 10,605 84%-U S7%' 847i 8W.-%' -1,015 +2V. 9, 240 SO% 87U S5 86% -1,356 .:.y, S,070 8.5%'-% 87% 85% S6-S6% -1,179 -% 6, 970 82-S1~ 83% 81 81a -1,100

_, 5,889 79Ys-'• 80% 7S 7S%-Yz -1,081 -2Ji 5,464 78% 80)4 78% 70Y.-so -425 tJJi 4, 943 S07i-%' 84 sou S4 -521 +4 4,487 !!3% 84% 83% S4V.-% -456 +M a, uu4 !!2 83% S1% 83% -403 -1% 3, 747 83% S3% 81% S1% -247 -2 a,noo 80%' SO% 79Yz 79% -187 -1% 3,451 80M 82% S07i 82 -100 +2% 3, 357 !!2% 83 81% S2-S2% -94 ""t3i1 2,851 82% 86 82% S5J4-% -506 2, 739 !SO S6 83% S3%'-% -112 -1% 2, 611 S4)4 84%' 83% 84 -128 HI 2,470 84 85% S3M 85% -132 +tJ-i 2,328 85Yz !!6%' 84% 84%'-% -151 -% 2,182 S5% S5~ S3 S3%'-% -146 -I 1, 036 84%-% 86 84 S5Y.-S6 -247 +2~ 1, 637 85U 87% 85 86 -298 ··:,:au 1, 319 87 90U S6% 89% -318

S22 90 94% 90 92%'-% -497 +2% 524 91% 93%' 91Yz 92 -298 -){ 298 OOYz 91~ 90 90% -226 -1%

~-------- 91Yz 94)4 91Yz 93%'-% -298 +3%

1936 JULY FUTURE

6 6 6

29 1,263 2, 639 3,247 3, 628 4,028 4,349 4,625 5,002 6, 136 6,176 5, 685 6,937 6,1130 6,645 6,970 7,220

92Yz (7)

92~ -------------- +5 •••·•·• (7) -------------- +1 ...... .

-··· ·-·----------· ""92%"" ""iii~-- -------------· ----+23" ::: .... ""92~-------· 92~ 91~ ""ii2%=~----- +t. 224 ""+"T" 03~93 97~ 92~ 96%-Yz +1,386 _,L 96%'-U 97 95% 96 +608 "' 94-93% 06% 93% 95%-Yz +381 +-~ 95~ 96% 95% 96Ys-96 +400 1~ 96V.-96 95Va 94 94V.-U +321 -93J4-93 93U 92 92%-~ +216 -1 • 92% 93~ 927i 92Yz-% +377 .... iu 93-93% 94 93 93Y.-s~ + 134 + 93~ 94~ 937i 9W.-r4; +40 ...... . 93~ 93~ 91~ 91%'-Mi +409 - 2 92% 93)4 92l1! 92Y.-~ +352 +1 93% 93~ 90~ 90%'-% +593 - 2!4 91Yz 92% 91% 9lY.-92 +115 +1~ 927i-% 92% 91 91Yz-% +326 -iJ4 90Yz-% 90Yz S8Yz 9W.-U +250

7No official quotations recorded.

WHEAT FUTURES 83

TAHJ,m 32.-Daily volume of trading, open commitments, opening, high, low and closin(J prices per bushel of .July wheat futures on the Chicago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935-Continued


-" -

Range in price Net change !rom previous day

Volume Open Opening Clo;;ing ])aLe of trad- commit-

ing ments price prtce Open Clos-lligb Low commit- ing

ments price ------ --- -----

1,000 1,000 1,000 1g35 bushels bushels Cents Cents Cents Cents bushels Cents Oct. 2L ______________ 1, 247 7, 568 90% 90% 89]4 89).-2 +348 -~

Oct 22.. ... ----------- 701 7, 714 BOY.-89 80).-2 88Ya 89).-2 +176 -----~-

Oct. 23..-------------- 085 7, 94() 80Y:l vox 88% 88Y.-89 +205 -J.-2 Oct. 24.. .............. 1, 134 8, 120 89%-~ 89~ 88% 89-89)/g +171 -------Oct. 2"---------------· 060 8, 297 89).-2 90!/g 88%' 90-90)/g +177 +1 Oct. Zfl _______________ , 1, 355 8, 007 89).-2 80).-2 88)/g 88!4-% +400 -!~ Oct. 28 _______________ , 1, 705 9,120 88).-2 8~Y:l 87 87y8 +429 -1)/g OcL. zg__ ______________ 2, 074 9, 462 87)/g 88% 86).-2 88%-J.-2 +336 +1% OcL. 30 ________________ 1, 903 0, 555 88Y.-!4 BOYs 87%' 8BY.-%' +93 +!4 Oct. 3L ______________ 2, 382 9, 972 89:V.-V. 90%' 89% 89%-%' +417 +I Nov. J.. ______________ 1, 257 10,053 90]4 HO% ~ov. 89Ya-UO +81 +!4 Nov. 2 ... ------------· 925 10, 320 89Y.-%' UOJi 89]4 89%' +267 -!4 Nov.4 _______________ . 1, 103 10, 294 89V.-J.-2 90~~ 88% 80%'-% -28

---~~ Nov. 5.--------------- 933 10,434 89]4 89!4 88% 89 +I40 Nov. o__ ______________ 6H5 10,451 89!4-% 90 89!4 8~%'-"[j +17 +~ Nov. 7.. ______________ 1, 247 10,638 90!4-% 90% 89!4 89V.-!4 +187 -r2 Nov. 8 ________________ 2, 011 IO, 934 88Ya-%' 90).-2 88Y:l 00%-J.-2 +296 +1!4 Nov. g__ ______________ 753 11, 055 90-89% 90]4 89% 90 +121 -J.-2 Nov. 12 _______________ 1, 082 11,312 89% 89%' 88%' 81)-88%' +257 -1Ys Nov. 1:J _______________ 2, 265 11,938 88!4-Ys 88% 88 88r'.-V. +626 -% Nov. 14 _______________ 2, 636 12, 078 89:V.-%' 00%' 80% 00-89% +140 +1).-2 'i\ov. V) _______________ 3, 328 12, 714 OOY.-% oov. 89% 89V.-J.-2 +636 -J.-2 Kov. lfJ _______________ 1, 437 12, 605 89%'-% 90\1 89% 00)/g-90 -lUO +V. Nov. 18 _______________ 2, 052 12, 567 90 oov. 89Y:l OOJ.-s-90 -38

---+~ Nov. IQ _______________ 990 12, 550 89% oov. 89%' 00!4-% -17 Nov. 20 _______________ 1, 208. 12, 860 90% 90% 89% 00-90)/g +310 -u Nov. 2L ______________ 3, 246 13, 199 90%'-:V. 91~ 90).-2 91V.-%' +l39 +I~ Nov. 22__ _____________ 2, 880 13, 505 92).-2 02Y:l oo:v. 01)/g-01 +396 -~ Nov. 23 _______________ 2, 567 13,829 91]4 92!4 90% 92)/g-92 +234 +I Nov. 25 _______________ 4, 485 14, 567 92!4-Ys 92% 90!4 90% +738 -1ti Nov. 26 _______________ 3, 456 15, 180 BoY.-%' 89% 80)/s sor-.--J.-2 +613 -Ys 1, 798 15, 471 89Y.-% 90 89 8oY.-J.-2 +291 ""+i"" 4, 287 15, 530 89%'-Ys 91~ 89).-2 OOY.-J.-2 +59 3, 078 16, 243 80V.-J.-2 so•. 89!4 89r's-J.-2 +713 -1 2, 308 16,410 89:V.-U 89% 88%' 88%-89 +176 -J.-2 1, 600 16,743 88% 89).-2 88% 80Y.-!4 +324 +!4 2, 700 17, 287 89 S9Ys 88Y:l 88%'-J.-2 +544 -· 3, 371 18, 192 S8Y.-~ 89% 87Ya 89Y.-S9 +905 +% 2, 348 18,478 89]4 89% 89)/g 89!4-Ys +286 +I· 3, 092 18,896 88Yz-U 89%' 88)/g 89%' +418 +1 2, 766 18, 971 90 90 88% 89-89)/g +75 -·· 3, 673 19,308 88%-89 00 88Ya 89)/g-89 +427 -------3, 713 19, 333 88Y.-% 88% 88)/g 88!4-Ys -65 -·· 4,128 19, 730 S8Ys-88 88).-2 87% 87V.-~ +406 -

12, 170 21, 037 91~-J.-2 92% 90)1; 92~b +1. 298 '+5 9, 231 21, 575 91)4-91 91!4 90 90 .-v. +538 -2•s 4, 070 21,584 90!4-Ys 90% 89Ys 89!4-Ys +9 -1 3, 723 21,625 80~)' 90% 89 80)/g-89 +41 -!4 1, 952 21, 760 so ·-Ys 90)/g SOJ.-2 S9V.-J.-2 +144 +J.-2 2, 246 21, 430 S01:f-J.-2 90% so~ 90!4--"/s -339 +~ 2,100 21, 247 OOYs 00% so•. 90!4-Ys -183

---+~ 2, 557 21, 262 90 90%' SOJ.-2 OOY.-% +15 2, 525 21, 378 00).-2 90~ 89% S9%'-1j +116 -~ 3, 425 21, 747 so~ 89% 88% Sll-89% +369 -~ 1, 500 21,763 Sol. 80).-2 89)/g S9)4-% +16 +• 4, 317 22,062 so~~ SOYa SS% 81l-88Ys +299 -)4 2, 921 22, 287 8S. so~ S8% S9%-Y:l +225 + 3,4S6 22,753 S9Ys 00]4 80~ 00-00)/g +466 + 5, 522 22,705 OW.-J.-2 90% 9018 ooY.-% -4S + -

a See toxt for explanation.

84 STATISTICAL BULLETIN 54, U. S. DEPT. OF AGRICUL'l'URI!l

TABLJC 33.-Daily volume of trading, open commitments, opening, high low rtnrl closing prices per bushel of 8C?Jtem.ber wheat futures on the Chicago' nodrd ,j Trade, Jan. 3, 193:J, to Dec. 31, 1935 1

1033 SEI"fEMBER FUTURE

-Range in price Net chang~ from

Volume Open Previous day

Date

1033 Jan. 3-----------------Jan. 4-----------------Jan. 5 .....•.. ---------Jan. 6 _________________

Jan. 1-----------------Jan. 9 .. ---------------Jan. 10 •••.•. ----------Jan. 11. .... -----------Jan. J2 ________________

Jan. 13 ...... ----------Jan. 14----------------Jan. 16 .•..... ---------Jan. 17 ...... ----------Jan. 18 ....... ---------Jan. 19 ________________

Jan. 20 ..•.... ---------Jan. 21.---------------Jan. 23 .. --------------Jan. 24----------------Jan. 25 .....•. ---------Jan. 26 ________________

Jan. 27----------------Jan. 28 ...... ----------Jan. 30.---------------J an. 31. ..•... ---------Feb. 1. .. -------------Feb. 2----------------Feb. 3-----------------Feb. 4 ..• -------------Feb. o ________________ Feb. 7 ________________

Feb. 8----------------Feb. 9----------------Feb. 10----------------

eb. 11 .••.. ----------•eb. 14 .••... ---------

F F F F

eb. 15 .•. ------------eb. 16---------------

Feb. 17 ... ------------eb. 18 ... ------------eb. 20. _ -------------eb. 21. •. ------------eb. 23 .••.. ----------eb. 24 ... ------------eb. 25 ... ------------eb. 27 ..... ----------

•eb. 28 ..• ------------ar. 1. ...... ---------ar. 2----------------ar. 3.---------------ar. 16 '-------------ar. 17 •...... --------ar. 18 _______________

ar. 20---------------ar. 21. .•.. ----------ar. 22 ..... ----------ar. 23 .• _____________

ar. 24 .•..• ----------ar. 25---------------ar. 27 ..... ----------ar. 28---------------ar. 29 ..... ----------ar. 30 .•... ----------ar. 31. ..•. ----------

of tract-ing

1,000 bushels

311 744 i15 001 633 858

1, 312 1, 474 1, 688

9M 883

1, 149 779 748 670 826 55! 450 414 283 610 485 392 359 474 725 553 245 876

1, 373 1, 285 1, 311 1, 315

009 048

1, 875 1, 060

901 1, 058

518 819

1, 003 1, 033 1, 219 1, 568

044 1, 259 1, 429 1, 427 3, 327 I, 222 0, 910 3, 115 2, 904 3, 733 3, 246 3, 508 2, 540 3, 313 4, 033 4,420 7,088 4, 131 6, 587

com miL- Opening

ments price

---1,000

bushels Cents 180 40Ys Q!j4 40 U2il 47)-;(-%

1, 062 47)-;( 1, 378 49 I,orm 491)/.-% 2, 112 48-47)/s 2, 53~J 50Vz-% 3, 316 50)/z 3, 587 49)-;(-)/g 3, 746 481tYz 4, 005 48Yz-% 4,183 47% 4, 353 4814-J/s 4,492 48Ys-X 4, 582 49 4, 040 48% 4, 771 48 4, 858 48%-'4 4, 867 48% 4, 067 40% 5, 081 48% 5, 151 48)/z 5, 300 48%-Yz 5, 572 48% 5, 800 48% 5, 087 48%-X 6, 009 48% 6, 300 48V. 6, 700 48 7, 128 49% 7, 641 49% 8, 175 50Y.-% 8, 066 40)/s 8, 831 4914-Ys 0, 503 49%-X 0, 728 49Ys

10, 11.5 49V.-Yz 10, 558 40%-Vs 10,744 40% 11,088 40% 11, 463 49% 11,792 50-50Ys 11,000 4914-Ys 12, 367 49% 12,022 48~-%= 13, 062 481 2 13, 534 48)/z 13, 398 48%-V. 13, 769 48X 13,864 55 15, 182 58-57 X 15, 521 54Yz-Ys 16,449 54% 17,524 5314-Ys 17,976 52%-% 18, 505 5314-% 10,271 52% 19, 556 52%-f1 21, 230 53%-. 21, 7S5 52%-% 23, 445 54%-Ys 24, 188 54)/z-% 25,844 54 X

Clo~ing -prlCC Open Clos· lligh Low commit- in~

monis priw --- --- --

1,000 Cents Cents Cents bushels Cents 40Ys 45~ 45)-;(a +170 -------46)/s 45)/s 46% +474 +1Y, 47% 40)/s 470<-47 +274 Hi 48%= 47Ys 4~1)/.-%= +134 +1% 49% 48)/s 49% +310 +~ 49)/s 48% 48%a +291 -I 50Yz 47%= 50%-Y. +143 Hla 52 50)-;( 5014 +427 -Y. 50)/s 4014 49%-14 +777 -I 49% 48% 48%-% +27! -Y, 49 48 4814-Ys +159 -Y, 48% 47)/s 47Vs +269 -% 48% 47% 48)/z +!78 +% 48% 47% 47%-%= +170 -% 48)/s= 48!/, 48)/z= +139 +~ 49% 4814 48%-X= +90 -Yo 48% 47% 47% +08 -% 48%= 47%= 48% +131 +% 48%= 48)/z 48% +87 +% 40)-;( 48)/z 4oYs-X +O +v. 49% 48% 48)/s +IOO -% 48% 48)/z 48% +114 -Yo 48)/z 48V.= 48V.-%= +70 -% 48)/s 4814 48% +149 +31. ,, 49= 48% 48% +272 +H 400< 48 48V.-Yz +288 -% 48Yz= 4814 48% +127 -Y. 48% 48Ys 4814 +22 =~ 480<= 47% 48J/z-48 +381 49% 48 491)/.-Yz +400 +1Y, 49% 49= 49%-14 +338 -!4 5014 49% 50-40)/s +513 +il 50)/s 40%= 49%-% +534 -X 49% 40J-;( 49)-;( +401 -Y, 40)/s 40)/z 49%-% +105 +Yz 40% 48% 4Wr% +732 -1 50Yz 40Ys 49% +105 +% 49)/z 40 49)/z +387 +Yo 50Y.i 4914 40~-%= +443 +Y. 40)/s= 49%= 401 2 +186 -74 49% 4914 49%-Yz= +344 ---+v. 50 40X= 49)/s-50 +375 50Ys 49)/z 49% +320 -%

40% 40Ys 40%-% +117 +% 49% 48 481j-% +458 -1

49 48X 4814 +255 -Y, 48Vs= 4ll 48%-Vs +440 +Yz 49 48Ys 48% +472 --·:.:u 49= 48 48-48Ya -130 50% 4BX 49Vs-Vs= +371 t1Ya

55 55 55b +95 3f5

58 54% 54%-% +1,318 -!4 -11 54)/z 53)/z 5414-% +330 -il

54% 53%= 53Y...f1 +028 -11

53% 52)/s 53-52)/s +!,075 -111

52%= 51)/z 51%-Y. +452 t1!4

53% 5214 52%-% +619 +!4

53 51% 52)/s-53 +676 +Yz 53% 52)/z 53%-Yz +285

t~n 53)/z 52%= 52V.-53 +1. 074 54Yz= 52% 54%-Ys= +555 55% 53% MY.-% +J, 600 +!4

-11 55 54 54)/z-54 +743

til 55% 54 54%-% +1, 656

tl MV. 55%-% +627 pr. !. _______________ 4,272 26,471 54Ys-55 55%

F F F F F F F F M M M M M M M M M M M M M M M M M .A.

1 The equal sign (=),a and b appearing as part of a price quotation indicate respectively, a split quotation, asked price, and bid price. .

'Chicago Board of Trade was closed from Mar. 4 to Mar. 15, 1933, inclusive, due to bank bohday. a See text for explanation.

WHEAT FUTURES 85

T \Jlf,E 33.-Daily volume of trarl£ny, open comitmrml8, opening, high, low, and 'clos£nq rm:ce8 per lmshP,l of SeyJtember wha1t fut1<res on the Ch£cayo Board of J'rarlr;, ./an. 8, 1988, to Dec. 31, 1985-Continued

Date

1033

~g;:L::::::::::::: Apr. -1----------------Apr. n _______________ _ Apr. 1----------------Apr. 8----------------Apr.JO ______________ _

Apr. 11.--------------Apr. 12 ______________ _ Apr. 13 ______________ _ Apr. 15 ______________ _

Apr. 11---------------Apr. 18 _____________ __ Apr. HI ______________ _ Apr. 20 ______________ _

Apr. 21.--------------Apr. 22 ______________ _ Apr. 24 ______________ _ Apr. 25 ______________ _ Apr. 26 ______________ _ Apr. 27_ _____________ _

Apr. 28---------------Apr. 20 ______________ _ Mayl_ ______________ _ May 2 _______________ _

May3_ --------------Ma' 4 _______________ _ Ma:v 5 _______________ _ MayO _______________ _ May8 _______________ _ Mayo _______________ _ May 10 ______________ _ Mny11 ______________ _ May 12 ______________ _ May 13 ______________ _

m~lt::::::::::::: ~~~~ l~---------------May 20:::::::::::::::

~~~~ ~~---------------

~~[ ~~::~:~mm~~~~ .r~~~ ~!___ ___________ _

1033 SEPTEMBER FUTUIU>-Continucd

Volume of trad

ing

1,000 bushels

8, 204 8, r;r,o 7, 554

12, 991! 11,210 0, 558

10,280 In, 519 12,758 18, 894 14, 937 12,046 21,145 38, 530 31,098 24,893 18,974 26,561 23,490

'20, 110 13,163 24,495 34, 052 32, 354 22,717 32,180 22,143 18,786 22,187 17,955 25, 776 10,176 28,057 21,577 0, 025

12,410 14, 41)8 12,504 10, 05P 17,421 1!1, 697 21,353 21, 604 23,745 19,792 16,777 35,405 25, 075 23,005 28,073 20, 500 26,170 30, 685 28,098 22, 970 18,838 38, 200 43, 582 41, 192 32, 600 40,472 48,081 36, 74<1 22, 153 36, 350 31,378 45,755 43,008 50,421 02, 422

en mit-

Op com men ts

00 1,0 bus! 28, 29, :Jo, 32, 33, 34, 38, 39, 41, 44, 47, 49, 52, 57, 61, 03. 03, 65, 66, 68, 09, 72, 72, 73, 7~, 74, 75, 75, 70, 77, 77, 78, 77, 78, 78, 70, 80, 70, 80, 80, 80, 80, 81, 83, 84, Bv, 83, 85, 80, 87, 87, 89, flO, 91, 93, 03, 94, 97,

100, 101, 10!, 104, 104 104, 100, 105, 104, 100, 100, 101,

iel8 orn .588 348 18:l 309 860 701 313 430 370 103 087 141 320 976 010 908 372 874 902 954 319 .527 .510 456 183 007 458 067 238 978 829 808 218 453 311 009 606 170 859 203 089 778 700 802 277 650 573 733 205 480 187 371 345 424 504 045 957 096 170 ll4 221 573 032 082 863 487 544 821 586

Ope!ling pnce

Cent., 56Yz-% 5731-!4 56?/.--57 59!4-31 OfHlOJ.i .\9%-59 .\9-50% 02-6231 r.l',;-% ftQ7,~-% fJ3'V.-% 6:W.--Yz r.3Y.-7.1' 6731-687.1' 71-73 6934-U 67%-!4 71!4-31 70Y.--7o os%-7.1' 69%-% 68~-88 601,-70Y, 74-72% 71%-31 74¥<-31 73!4-% 75%-7.5 75%-75 74%-31 73-72Yz 73-73% 757.1'-% 76--75% 7fi-75%

. 7431-!4 74%-~ 74tr:i• 7.11,-75 73Y,--73 72}4-72 70%-% 71Y.--Yz 73!4-Yz 737.1'-73 72Yz-% 76-77 753/,-75 767 s-77%' 7 .-31 7 7 ·-74!4-74 75%-76 75-75!4 76--70~ 74%-~ 78-78 • 78Yz-% 79Y,-79 7R%-% 77}i'-76Yz 76%--% 75~75

77 ·-~ 79-791 8 78!4-% 80'V,--%' 79%-% 8231-83

Range in price

High Low

---

Cents Cents 57Yz 56!4 57% 5~%' 5831 56Y, 60!.-;; 59!4 60!4 58!4 .)!}~ 58% fiOY, .59 fi231 61 62 601/g 6:H-;i' 6031 6431 63% 0~%' 02% 65Yz 62% 70 607.1' n 697.1' 70 67% 70 ~6% 72 70 71Ys 69!4 70!i 68}4 70YR 6831 6R}i fifE-!i 73Ya 69Ya 74 72 74 71Yz 75Ya 74%'

73Yz 73Ya

7.5'-il 74%' 75H 73?--; 75Yz 73% 73% 71Yz 7331 72Ya 76% 75Vs 76?--; 74% 76Y, 75 747;; 74 74% 73Yz 757.1' 74~~ 75% 73~"a i3% 72!4= nv. 70Ya 71% 6DY. 72}4 71 743~ 73).--3 7:l}i 71%' 73% 71Yz 77 75% 77 74~1 777.1' 75Y. 75'i 74 76!4 75Vs 75Yz 74 75% nv. 76Ys 74;4 75?R 74Y, 76!4 75 77!4 71% 78% 77}2 80 77~8 80 78~4 7X'Y8 77Y. 777 8 70 76~-:f 74Ys 76 74~ 78% 771~ 797.1' 7i}-1! sou 78 81 79Y, 82% 79~ 85% 821 2


Closing -------price Open Clos-

commit- ing meats price

-----1,000

Cents bushel.• Cents 57!4--"/s +1,590 +lJ-2 57-57Y, +1, 527 -1~ 58!4-% +700 +1!4 .59%-Vz +1.~85 +1).~ 59'V.-31 +I, 186 -- -::s-58% +1,491 60-00Y, +1, 904 +Jl, 62!4--"/s +2. 549 +21~ 61-illY, +2, 123 -1· 62%=-Ys +2, 934 +I'• 64-MJ.i +2, 733 +P 63%-34 +1,984 -· 05Yz--% +3, 054 +1•., 67}4--% +5, 170 +I'~ 69'Va-V. +4. 050 +21 08--68¥, +1,040 -1• 697~-70 +892 +2 il%-31 +1,464 +16 @}4--"/s +1,502 -2' 69?--;-% +2,l18 +1 68%-% +962 -1 67=-80% +2.865 -1• 72Ys-% +208 +5'• 72Yz-U +983 -· 73Yz-% -54 +JI 73%-31 +727 -- ----74Yz-% +824 +1 75Yz-% +451 +' 74%-Ya +1.509 -· 74Vs-74 +271 -· 715/g-o/.(' +740 -21 73!i--73 +851 +11 75%-Ya -931 +2' 75%-?--; +320 -- ----7M+-U +235 -74%'-% +858 -74'V.--Vs +788 -1 75--7.5Ya -493 +' 73Yz-% +5f>4 -]1 73-72% +oso -1 7Jl/:l-%' -656 -1' 09%-%' -114 -]1 72Ya-72 +1,6~9 +21 73%-Ya +1,922 +J' 72%-31 +1. 192 -1, 73%--% +3R5 +1 7~J<or7s~s -1,627 +21 76Ys-U +1,923 + 7.5Va-Y. +1.160 -· 75%-~ +472 + 75%-rl -t-275 -74!<',- 'it +1,707 -I 75Y,-% +1. 184 +1 74H-75 +074 -757~<-% +2, 070 +' 75!/s-75 +so -· m;-77 +541 +2 i8%-}.1; +3, 912 -t-1 70 7 ~-80 +2, 139 +1 79%-U +1,074 -· 77?/a-78 -56 -I 76'4-V. +3. 107 -I 76-75% +352 -~ 75%=-76 +59 -1 78%-}.1! +1,4.50 +2' 77~{-% -219 -· soYs-7.1' -1,376 +2 SOY,-% -3,943 --+zi B2Yz-% +277 85--81H +765 +2'


TABLE 33.-Daily volume of trading, open commitments, opening high, low and closing prices per bushel of September wheat futures on the Chicago Bodrd 0j Trade, Jan. 3, 1933, to Dec. 31, 1935-Continued

1933 SEPTEMBER FUTURE-Continued

-Volume Open

Date of trad- commit lug ments

Range In price Net ch.ange from PreVlous day

Ope?ing Closing pnce price Open Clos·

High Low commit· ing ments price

- --Cents Cents Cents Cents

1,000 bushels Cent!

88lf87M 92 86V. 91%-92 -1,007 tOYs 93M--Il5M 98:Yi! 93M 98-97'\i -180 toy, 95--92 97M 91~ 92M-V. -2, 193 -5Y, 92M_.4 93% 901. 92%-% -45 t% 92-91 94M 91 93!V.-V. -1,848 t%' 95M-97V. 97Yz 95M 96'\i-97 -40B +3% 99Yz-101 JO!Yz 99 100%-V. -2,096 t:lY,

100Y,'.--IO!Yz 102% 99M 99%-% -940 -1 99M-98'\i 101M 98'\i 100%-% +I, 135 t1

102)4-103 103)4 99Yz 99%-% +1,917 -1 99%-M 102Y. 98% lOl:YI!--102 -I, 150 t2!4

IOIV.-M 104 101M 103!!/,-% -828 t1Y, 105-104 108 104 107:V,-Ys t87 +3'4 107-106% 109 106 108!!/,-M +I, 103 t1!4 108%-109% 109% 107M 107Yz-% -480 --1 107-106% 111 rooM !lOY,-% +3,021 t3Y, 111%-112M 115:Yi! 111M 115V.-Y. -1,891 t4% 115!!/,-116 120Ys 115% 118%-:YI! -4,180 t3Y, 119Yz-120 120 !16V. 117%-% -1.181 --1):( 116%-V. 117V. 105V. 106Y,-107 +418 --10%' 107-104Yz 108Yz 90 91-92% -4,173 -11Ys

(') (') (1) (') -207 (') 93-92 94 92 92a -5,600 H 92Ydi 96M 92Y. 93%-% -6,520 tH( 96-97 99Yz 96 99Yz-M -4,11)5 t5%

103Y,-105 107M 102% I07-I07M -4,327 't7r.l I02Yz-103 105M 102Ys 102)/ga -1,040 -5 99-98 lOOY, 97Ys 97Ysa -660 --5 95Yz-93%' 95Yz 92Ys 92!/sa -777 -5 95--97 97Ys 95 97)/gb -1,091 t5

102-I02Ys I02Ys 96V. 100M-% -2,985 +3V. 99Yz-98Yz 101% 98M 101-100%' -1,925 t% 98%-V. 99'\i 9711 97%-Yz -747 -3li 97Yz-% 98%' 96)4 98%-% -880 tYs 98Yz 99Ys 97% 98Y,-98 -478 -Y, 98Y.-J4 99 96:Yi! 9sy.:..:v. -3,203 +!4 98%-% 100:Yi! 981J. !OOYz-% -986 t2li

101-lOIM 102M 100)4 !OOYz-% -1,057 ··::i·· 98 99% 95Y, 95Yza -2,498 92Ys 92Ys 92Ys 92Ysa -320 -3% 92Ys 92Va 92Ys 92)ia -53t w••••"'

92Ys 92Ys 92Ys 92Ysa -2,890 --:.:6" 87Ys 87Ys 87Ys 87)/ga -1,715 82Ys 91V. 82Ys 90-89% -6,341 tzX oov. 91 84% 84J.1la -2,222 -5 83V. 88% 8372 88-88M -1,720 tali 88M-Yz 88V. 86Ys 87!!/,-% -1,542 -% 87 89Yz 86:Yi! 88%-l'. -1,430 +X 88:V,-Yz goy. 88)4 88Yz-% -1,631

--::i~ 87Yz-J4 89)4 85~ 85:Yi!-~ -1,966 87V.-88 89Yz 871, 88Y,-6 8 -2,615 t2'• 89Yz-J4 89% 88M 89)4-% -2,283 +X

--10 87%'-% 88~ 87V. 87%-% -2,945 -3% 88:V,-V. 881z 82% 84)/g -3, :l49 t2% 83%'-% 87)/g 81 86%-% -3,506 -Y, 84-84V. 87Y.( 84 86Y,-8B -3,649 -li 85Y.\-85 85J.1l 85 85:Yi!-% -2,590

-IX 85%-86 86 83% 83:Yi!-84 -712 83%' 85 82%' 84:Yi! -213 +Y.

-262 -l(i 84% 84% 83 83Ys +{ 82Y.\-% 83% 81% 83% -21fi

-2% 81V. 82V. 81~ 81)4 -21/:l

81Ys 85 8Jla 84)4 -llfJ +3 -1U9 -Y,

81% 85Y. 83~~ 83%'-V. +4li 84% 88 84% 88 -160

+li 89Yz 89:Yi! 87% 88Va-X -li6 -V. 88% 89Yz 86:Yi! 88)/g -218

1,000 1,000 1933 bushets bushels

June 26_______________ 85,348 99,979 June 27.-------------- 85,974 99,793 June 28_______________ 70,349 97,600 June 29.-------------- 42, 532 97,555 June 30--------------- 31,783 95,707 July!________________ 38,017 95,211 July 3.--------------- 37,397 93, 14.1 July 5_ --------------- 46, 303 92,205 July 6________________ 33,074 93,340 July 7________________ 40,584 95,257 Julys ____ ------------ 25,894 94, 101 July 10--------------- 41,779 93,273 July 11--------------- 56,409 93,360 July 12 _______________ 39,972 94,463 July 13.-------------- 34, 202 93,977 July 14 __ ------------- 44,771 96,998 July 15--------------- 50,552 95,104 July 17 _______________ 48,793 90,921 July 18_- ------------- 43,025 89,743 July 19 __ ------------- 50, 538 90, 161 July 20_______________ 71,773 85,088 July 22 •-------------- 4,179 85,781 July 24_______________ 22,171 80,181 July 25_- ------------- 20,980 73,661 July 26_______________ 19,873 69,49P, July 21--------------- 27,537 65,169 July 28--------------- 16,238 84,129 July 29_______________ 10,153 63,469 July 3L _ ------------- !2, 531 62,692 Aug. 1.--------------- 5, 333 61,601 Aug. 2________________ 17,644 58,616 Aug. a________________ 7, 706 56,691 Aug. 4________________ 4, 861 55,944 Aug. 5---------------- 2,873 55,064 Aug. 7---------------- 1, 995 54,580 Aug. 8---------------- 6, 290 51,388 Aug. g________________ 3, 569 50,397 Aug. 10--------------- 5,174 48,740 Aug. u_______________ 5, 502 46,212 Aug. 12_______________ 873 45,922 Aug. 14--------------- 402 45,391 Aug. 15_______________ 2, 192 42,495 Aug. 16--------------- I, 768 40,780 Aug. 17--------------- 11,076 34,439 Aug. 18--------------- 3, 920 32, 217 Aug. 19--------------- 2, 549 30,497 Aug. 2L-------------- 3,050 28,955 Aug. 22_______________ z, 185 27,525 Aug. 23_______________ 2, 051 25,994 Aug. 24_______________ 2, 303 24,028 Aug. 25--------------- 3,138 21, 5I:l Aug. 26_______________ 2,130 19,230 Aug. 28--------------- 3,150 IG, 285 Aug. 29_______________ 4, 448 12, \!30 Aug. ao_______________ 4, 671 9, 370 Aug. 3L-------------- 4, 751 .5, 721 Sept. 1.--------------- 3, 310 3,131 Sept. 5---------------- 921 2, 419 Sept. 6________________ 506 2, 206 Sept. 7---------------- 265 1, ~J44 Sept. 8---------------- 333 1, 698 Sept. g________________ 3o5 1,495 Sept. lL_____________ 368 1, 380 Sept .. 12--------------- 337 1, 181 Sept. ra_______________ 223 1, 021 Sept. 14--------------- 130 955 Sept. 15--------------- 204 737

• Chicago Board of Trade was closed July 21 and July 22, 1933, by order of the directors of the exc~~~~:: except for J5 minutes on July 22, devoted to the exercising of weekly privileges and the adjustment oft

WHEAT FUTURES 87

TABLE 33.-Daily volume of trading, open commitments, opening, high, low, and closing prices per bushel of September wheat futures on the Chicago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935-Continued


Range in price

Volume Open Ope!ling Date or trad· commit·

!ng ments pnce High Low

---

1033 1,000

bmhel8 1,000

buahel8 Cents Cents Cents Sept. 16 •••.••.•••••••• 156 773 88)-i 91~ 87~ Sept. 18 ..•• ----------- 120 718 93-93)-i 93J..;( 91% Sept. 19 •.• ------------ 146 722 92% 93yg 90yg Sept. 20 •••.••••.••••.• 55 673 92~ 93~ 92J..;( Sept. 21.. ............. 86 611 90J..;( 90J..;( 87U Sept. 22.. ............. 57 564 85yg 87% 84 Sept. 23.. ............. 18 553 88 88~ 87% Sept. 2.L ............. 37 550 86% 88~ 86% Sept. 26 ............... 60 532 88~ 89J..;( 86~ Sept. 27 ............... 218 517 85yg R7~ 85% Sept. 28 .... ----------- 107 507 86% 87~ 85~ Sept. 29.. ............. 190 273 87%-% 88 86~ Sept. 30 ............... 350 --------- 86% 87% 85%


1934 I Jan. 2 ................. 61 38 85 86J..;( 85 Jan. 3.. ............... 136 107 85J..;( 85~ 83% Jan. 4 ................. 260 193 83 84. 82~ Jan. 5 ................. 133 223 84~ 84~ 83~ Jan. 6 ................. 62 2.31 83% 84 83% Jan. 8 ................. 154 230 84~ 84~ 83~ Jan. 0.. ............... 161 236 84% 85% 84% Jan. 10 ................ 264 333 85% 86% 85% Jan. !!.. .............. 354 491 86~ 86~ 84~ Jan. 12.. .............. 515 664 85~ 86% 85Ys Jan.13.. .............. 293 673 86~ 87% 85% Jan.15.. .............. 1, 305 1, 252 89*~ 91~ 88~

J:~: lL::::::::::::: 848 1, 591 90'··-90 90yg 89% 491 1,690 89).4 ~g~ 89%

Jan. 18 ................ 630 1, 793 88*'AI 88~ 943 2,143 89~ 90% 80~ 460 2, 339 90% 90% 89~ 685 2,455 90 90 89 350 2,492 88~9 89yg 88~ 652 2, 768 90 . 90 90% 89~ 547 2,963 89%-~ 89~ 88J..;( 609 3,147 88-88U 89. 88 496 3, 200 89 89% 89

1,109 3,487 91 02~ 90% 1, 214 3,827 92yg 03 92% 1,084 4,013 91~ 91yg g~~ 1, 059 4,330 92J..;( 92% 1,400 4,669 90tt:J..:( 91!<( 90~ 1, 132 4,942 91%-yg 92% 91~ 1,281 5, 246 92%-93 93~ 02~

838 5,400 92~ 92~ 01~ 1,941 5, 727 92*!<( 92~ so•. 1,455 5,801 89~-~ 01 89~

--------- 1,098 6,089 91 91 89~ F~b: l~-- ------------- 781 6,161 89~-J.i 90% 88%

759 6,277 9Q-89yg 90% 89Ys 802 6,289 89~ 90~ 80)-i 720 6, 506 90 ·-% 90~ 90 605 6,656 00% 90% 89% 789 6, 957 00 90 89~

1,171 7, 236 89~-~ 89~ 88~ 1, 562 7,485 87~-% 88% 87!<(

812 7, 527 87Vs-~ ~m 87 806 7, 656 87YS'-·88)-i 87 770 7, 733 87-86~ 87;,. 86)~ 983 7, 783 86% 86~ 85%

1,402 8,064 85)-f-~ 87% 85Ys 1, 220 8, 242 87%-U 87% 86%

785 8, 365 86% ~~ 85~ 1, 239 8,588 86~-% 86~ 1,086 8, 796 88%-% 88~ 87~

Closing price

Cents 91~b 92 93yg 92J..;(a 87J..;(a 85~ 88~b 88% 86~b 87%h 86yg 86~ 86%-%

85~ 83% 84 83% 84 84 84% 86% 84% 86% 87 91-91)-i 89yg 89Vs-~ 88% 90)-f-J..;( 89yg 89Vs-89 89~ 89%-~ 88Vs-U 89% 89yg 92Vs-~ 92Vs-U 91~ 91~ 90% 92 92*% 92%-~ 90~-% 90~-Ys 89Y8-90 90-89yg 90 90 90% 90% 89Vs-~ 88%-87%-J..:( 87%-J..:( 87Vs 86*% 85~-% 87 86% 86~ 88 8 88Ys-U


Open commit· ments

1,000 b'UIIhels

+36 -55 +4

-49 -62 -47 -11 -3

-18 -15 -10

-234 -273

+38 +69 +86 +30 +8 -1 +6

+97 +158 +173

+9 +579 +339 +99

+103 +350 +196 +116 +37

+276 +195 +184 +143 +197 +340 +186 +317 +339 +273 +304 +154 +327 +74

+288 +72

+116 +12

+217 +150 +301 +279 +249 +42

+129 +77 +so

+281 +178 +123 +223 +208

Clos-ing

price

--Cents +3% +U

+1Y8 -1% -5 -1~

+2~ + 8 -2% +I% -~ -%

-------

-

-

-

--

--+Ys

-% -1~ -1~

-% -%

-1 +1~ -% -%

+1YB +%

88 S'rATISTICAL BULLETIN 54, U. S. DEP'r. OF AGRICUL'rURE

TAnLE 33.-Daily volume of trading, orJen commitments, or~eninq, high, lo1JJ anrl clos1:ng prices per bv.shel of September wheat j1tt1tres on the Chicago Boa~d of Trade, Jan. 3, 1.933, to Dec. 31, 1935-Continued

1934 SEPTEMBER I•'U'rUJm-Continued -- ·--

Range in price Net change rrom previous clay

Volume Open Opeplng Closing Date of trad· commit-ing monts

priCe price Open Clo•· I!lgh J,ow commit- In~ mcnts prfco

-.--· --1,000 1,000 1,0()1)

1934 bu.yhels bushels Cents Cents Cents Cents bushels Cents Mar.5 ...•...•.•..••.• 990 0,051 RHU-Ys 88Y-I 87% R7Y8 t255 -v. Mar. fl ••...•.•••.....• 353 0,040 87~-88 8R 87y,j 87U -2 -% Mar. 1-----·-····--·· 774 9, 17.1 87% 87% 86% 86%-% tJ2fl -!{ Mar. 8 .•••.•.........• 1, 354 9,460 86%-% 87% 86 87%-Y-1 +204 +!i Mar. 9 .•.•••.••....... 898 0, 616 87V,-87 87% 87 87% +!77 +V. Mar. 10 .••.•.•.•.....• 070 9, 762 87)1;-y,j 88Y8 86Y8 88~-Ys +116 +JV. Mar. 12 ..•.....•.....• 2, 661i 10,580 89-88~ 00 88y,j 89Y8-00 t827 til<( Mar. 13 .••............ 1, 724 11,521 00-80Y8 90 80% sov.-~ t032 -!4' Mar. 14 •••.....•.....• 1, 738 11,870 80!V.-~ 00% 89% 89Yr% +358 -!4' Mar. 15 ..•••.•.•...•.• 1, 943 12,01i8 80y,j BOY-! 88 88-88Ys tl70 -1!1 Mar. 1fl .••.•.•.•.•.••• 1, 433 12, 366 87~-Ys 88Y8 87% 88% +308 +!1 Mar. 17 .•......•...•.. 1, 175 12,816 88!V,-~ sou 88y,j 88% t150 tv. Mar. 19 ..•.•.•.•.....• 1, 741 13,063 88V,-88 88Ys 87 88-88)1; +247 -% Mar. 20 .••••••••...••• 1, 559 13,244 88V.-% 88~ 87% 88!V.-~ +181 +!i Mar. 21. .•.•.•••.•..•• 861 13,330 88%-% 88% 87% 88:Vs:-Y-I +05 -J1 Mar. 22 ..•.•...•.•.••• 806 13,340 87% 88% 87% 8Wru t10

···:~ Mar. 23 ..•.•..••....•• 296 I3, 370 88U 88% 87Y8 88)1; +21 Mar. 24 .•..•••.•....•• 413 13,401 88~ 88M 88% 88~-% t3I +% Mar. 26 ..••••••.•...••• I, 062 I!l,461 88~-89 80 87~ 87% +oo -Hi Mar. 27 ....•.•••...••• 2,402 I3, 947 87-86U 87 86 86% +486 -IJ.i Mar. 28 .•.••..••...•.• 1, 318 14, I09 86)1j-86 86% 85U +162 -% Mar. 20 •••.•.•.•....•• 1, 11!4 14,.136 86Y.-% 86~ 86 861 +427 +% Mar. 31. ...•.•••...•.• 702 14,640 86%-% 87% sou 87%-~ +113 +I Apr. 2 .....•.•••.•.•.• 809 14,867 87y,j 87y,j sou 86%-% t2I8 -I Apr. 3 ••••.•.•••.•.••• 1, 724 15,658 86).( SO% RoU SOU-% +791 -u Apr. 4 ..••••.•••.•.••• 1,944 15,093 85Y.-~ 87Ys 85% 87).(-% +335 tl Apr. 5 ..••••.•••..•..• 92I 16,208 87-86Y8 87% 86~ 87-86% t2I5 -u Apr. 6-------------·-- 688 !fl, !!80 87-86Y8 R7V. 86% 87-86Y8 ti72 ... +i? Apr. 7 .• ------·------- 1,312 lfJ,65!) 811~-Ys 87~ R6U 87).(-% +275 Apr. 9-------------··- 1, 310 16,002 87U-% 87Y8 87y,j 87Yr~ +247 +~ Apr. 10 .•••.•.••....•. 1, 575 17,375 87~-Ys 88Ys 87~ 87Y8-3~ +473 +'• Apr. 11 .•..•.•••...... 1, 559 18,076 88-88Ys 88Ys 871a 871t% +701 -!4' Apr. I2 .. -·······--·-- 2, 769 IO, 254 87% 87U 86U 861a-% +I. 178 -I!{ Apr. 13 ..•••.•••...... 2,89I 20,529 86V.-B6 86% 8.1% 86!Vs:-% ti, 275 +U Apr. 14 ..•••.•.•...... 1, 688 2I, 294 86V,-86 86y,j 85U 85Ys:-U +706 -!{ Apr. 16 .••••••••••.... 6,573 22,504 85Y.-86 sou 81Ys 8I%-V. +I,300 -4!1 Apr. 17 ·-------------- 9, 258 24,506 BOV.-79% 80Y8 78y,j 70Y8-80 +1,0I2 -IU Apr. 18 •••••.•.•••••.. 4, 700 25,509 80V.-'A BOYs 79 70)1;-y,j +I,003 -u Apr. lo _______________ I3, 531 27,964 78~-v. 78U 74U 76Y-I-% +2,4!i5 -3 Apr. 20 .• -------·-·--· 6, 595 28, 9I3 76y,j-75% 77~ 75Ys 77V.-77 t049 +U Apr. 21. ______________ 4,329 28,687 77YrY-I 78% 77y,j 78Y-I-V. -226 ttU Apr. 23.-------------- 5,562 29,368 71t-77U 78 76~ 77%..aA tORI -u Apr. 24 •• ·------------ 6,802 30,707 77:Vs:-% 77Y8 75% 76:Vs:-% +I,339 -I Apr. 25 _______________ 7,653 31,807 76-7SY8 77y,j 74U 76Y.-U +1, 100 +U Apr. 26--------------- 5, I07 32,544 77-76~ 77Y-I 75% 7fl~-Ys +737 ""ti"" Apr. 27 •.•.•••..•••.•• 6, 4.37 33,449 76~-% 78% 76% 77Y8-~ +006 Apr. 28 •••.•.•.••••••• 6,66.1 34,613 78!V.-Ys 79% 78% 79U-% +1, I64 +Ili Apr. 30 _______________ 11,660 a6, 323 79~-% BOYs 79% 80~~ +1, 710 fll1 May 1..-------------- 8,443 36,574 80-79% BOYs 78y,j 781 % +251 -2U May 2.--------------· 6, 405 37,067 78Yr% 70 77~ 78:Vs:-% +403 ··::j·· May 3---------------· 4,229 37,796 78y,j-~ 78% 77% 77%-% t729

tlU May 4---------·------ 6,08I 38, I53 77% 70y,j 77% 78~Ys +357 +t% May 5---------------- 6,000 37,068 70U-V. 80% 77% 80 Y-1 -185

May 1-------------·-- 13, 130 37,706 8t~-s2u 84 81~ 83%-Y-1 -202 +2~ May 8 .•••.•..••..•••• 9,920 37,341 83-82~ 85 82y,j 84Y8-U -425 +HI Mny g ________________ 11,030 37,374 84~-% 85Y8 84y,j 84%-% +33 -U May 10 ••..•••.•••...• 17,307 37,203 84-84% SIJ% 84 81J%b -171 lt5

+937 -tU May ll •..••••••..•... 18,201 38,140 91-92 92 88Ys ssu-v. -1!4 May 12--------------- 12,975 38,037 88U-87% 88Y8 86 86¥.-% +407 -a,l May 14------·-------- 12.998 39,205 Rli-85~ 8fly,j 84)1; 85~-% tMR

tiU May I5 _______________ 7, 523 39,843 811¥.-% 87U 86)1; 87-86~ +638 +2li May 16 .••......••••.• 9,918 40,538 87U-% 81J~ 85U 89%1 +695 +% May 17 ..•••..•••••••• 15,926 4I, 388 89~-90 01•~ 88% 9orf-% +850

-I% May I8 .••.••••••••.•. 11,021 4I, 861 89-SOU OOY8 88% 88%-% +473 +~~ May 10 _______________ 7, 625 42,060 89-89y,j 90y,j 89 9o-oov. tWO

~~; ~k============== 11,585 43,507 OOV,.-91 01 80% 89%-% +I,447 -U 8,423 43,667 89-SOU 00% 88% 80V.-U +I60 +~ May 23 •••.....•••••.• 9,406 43,873 8Ws:-89 OOYs 88% SOU-% +206

a See text lor explanation.

WHEAT FUTURES 89

TABI,N 33.-Daily volume of trading, open commitments, opening] high, low, and closing prices per bushel of September wheat futures on the C. oicago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935-Continued


Range In price Net change from previous <lay

Volume Open Opening Closing Date o! tra<l- commit- price price ing ments Open Clos-


------ --- ---1,000 1,000 1,000

1934 bushels bushels Cents Cents Cents Cents bushels Cents May 24 ..• ------------ 6, 908 44,588 90)4-89%: 90"/11 89 BOY.-% +7!.5 --+2u May 2-1--------------- 15,528 44,907 89Ys-90' 93 89% 92%-~ +319 May 26.-------------- 14, 122 47, 113 93)4-~ 93% 92)4 92V.-~ +2. 206 -------May 28.-------------- 22,417 48,444 94-94~ 97~ 93% 97~b +I, 331 +5 May 29.-------------- 25,358 50,498 97%:-~ 99 96)4 98Y.-% +2. 054 +1!4 May 3L.------------ 29,778 53, 217 98-97 103% 97 Ioa:v.-% +2. 719 +4%: June L --------------- 38,842 55,949 10.5)4-104~ 107~ 101~ 102V.-%: +2, 732 -I June 2.--------------- 23,879 56, 730 103V.-102%: 103% 98)4 9Ws-99 +781 -3)4 June 4 •••• ------------ 21,446 57,592 98Y.-97~ 99)4 97)1 97%:-% +862 -I~ June 5~--------------- 25,935 59,757 97)4-96% 102 96~ 101%-102 +2. 165 +4!4 June 6 ................ 26,039 62,057 103-101%: 103 100 !OOV.-100 +2, 300 -2 June 7 .... ------------ 25,340 6-J, 147 98%;-98 99)1 97% 98%-% +3,090 -I~ June R. ------------- __ 21,664 65, 155 98)4-~ 100)1 97% 08%:-V. +8 +!4 June 9 .... ------------ 23,908 07,053 101Y:r102~ 102Y, 99)1 99%-% +1,898 +%: June 11. .............. 18,891 67, 413 99V.-V. 100% 08Y, 99)1-% +360 -!4 June 12 ............... 17,887 68, 105 99-98%: 100%: 98%: 99%:-Ys +692 +V. June 13 _______________ 20,028 68,492 100Ys-% 101 96% 06Y.-% +387 -3 .June 14 _______________ 37, 165 68,705 96)1-96 90)1 93% 9&-94% +303 -1%: June 15 _______________ 22,724 69,442 95)1-Y, 96Ys 93%: 05Y:r% +647 +V. June 16 ............... 11, 164 69,991 95%:-% 96)i 94% 9·1%-V. +549 -I June 18 ............... 16, 661 71, 265 94-93% 95% 93%: 95~01-Ji +1, 274 +%: June 19 _______________ 10, 633 72,230 95%-% 95% 94)1 9.1)1-Y, +974 --:..:2% June 20.-------------- 20,001 72,449 94%:-Yz 94%: 92Yz 92%-Yz +210 June 21.-------------- 3.5, 749 73,.557 92Yz-% 03 89%: 90-89% +1, 108 -2%: June 22 _______________ 2:J, 004 73,623 90)4-90 91Ys 89)1 9W:rli +66 +V. June 23 _______________ 21, 144 73,268 90%:-91 93Y, 90%: 93)1-% -3.1.1 +2Ys June 2.1_~------------- 20,393 74, 650 92%-% 93 91V. OW.-Ji +1, 391 -2 June 26.-------------- 20,685 76,612 9oY.-%: 92% 90Yz 90%:-% +1.953 -~ June 27 _______________ 19, 389 78,210 91-91)1 01%: 80%: 90V.-%: +I, 598 -------June 28.-------------- 22,086 79,578 91)1-% 93Ys 91)4 92%:-% +1, 368 +2 June 2!!. -------------- 15,401 80,972 92Y.-% 92% oov. 91Y,-91 +1.304 -1%: June 30 _______________ 10, 120 84, 061 90%-Ys 91% 90Y, 90% +3. 089 -%

1934 SEPTEMBER FUTURE (OLD STYLE)

1934

~~l~ L:::::::::::::· 13, 625 81, 872 90)4-90 90Y, 88Ys 88)1-Ji -2,189 -2• 8, 315 81, 131 88J1-% 89% 88Yz 88%:-V. -741 +·

j~l~ ~-------........ : 6,5H 80, 263 80)1-Y, 90% 89)1 9DY..-Ji -868 +1'

i~!f r~~~-~~~~m~m~~~ 5, 470 79,412 8915.-Yz 90% 89)1 89%-%: -851 -Yz 3,876 79,211 89%-Yz 90ji 89% 89%-Yz -201 -)1 8, 208 78, 631 89)i-88V. 89Y, 87%: 87V.-%: -580 -I• 6, 78:J 78, 330 88-87%: 89Ys 87% 88%:-Yz -301 +7 8, 745 76, 175 93-93% 93% 92%: 93%b -2,15.1 +5

Jul~ 1a:--------------- 16, 226 71, 892 94Y,..04 06 04 91%:-% -4,283 +Jl

~~!r !LH~~~~~~~~~ 16,736 69,951 94J1-Ji 98% 93% 97~--98 -1,941 +3' 12, 370 67, 292 97!1-1] 90% 97)1 98•,-v. -2,659 +7 1!, 764 05, 311 98%:-Ji OOYs 97%: 08%-!4 -1.078 -v. 15, 420 62,335 98-07% 101V. 97% o9V.-% -2,979 +1!4

July HJ ----------- 9, 316 60,308 100)4-Y, IOIYs 90% 100-IOO)s -1,967 +V. 10, 570 50,850 10!-101)1 102 100\,, 101)4-Y, -3,518 +1!4 10, 513 .12, 393 102-102Yz 102Y2 98% 99:V.-Ji -4,457 -2

5, 101 51, l17 OQY,,--99 100% 98% 100%-Yz -1,276 +1• 7, 288 48,468 IO!Yz-1] 102)1 90% 90%-100 -2,649

_, 6, 215 40,033 09Y:rJ4 \JIJ% 07% 97%-% -2,43.1 -2' 4, 598 44,210 98 100\~ 97Y, 99%-)4 -1,82.1 +Jl 7, 631 41, 574 99% 100)1 06%: 07%-%: -2,636 -II 3,87-5 30, 322 98Y.-99% 99% 98)1 9W.-:v. -2,252 +· 3, 169 38,368 99)4-% 101Y, 99)1 IO!V.-Yz -954 +27 5, 002 35,429 IOIY,..%: 102%: 100% 102% -2,039 +1 3, 257 34, 149 102-101%: 102V. 100% 100%:-Ys -I. 280 -I' 5, 522 32, 134 lOW.--% 103%: IO!Y, 103!/o-!4 -2,015 +2' a, 938 29, 663 103Yz-103 104 102% 103 -2,471

_, 2, 739 28, 045 102%-103 103Yz 102}"2 102%: -1,618 -~ 2, 662 20, 249 103V.-Yz lO!l 103% 104%-% -1,796 +J3 4, 004 21,320 104 108% 101 107%-108 -4,929 +3' 3, 825 10,572 108)1-%: 100 100% 108)1-Ys -I, 74~ +' 2, 923 18,039 107V.-107 109% 107 I09Y.-J4 -1,533 +1


TABLI~ 33.-Daily vol-ume of trading, open commitments, opening, high, low and closin(! prices y1cr bnshcl of September wheat fu.tures on the Chicago l3or/rd of Trade, Jan. 3, 1933, to Dec. 31, 1935-Continued

1934 SEPTEMBER FUTURE (OLD STYLE)-Continued

Range in price Net chan~e from


Date of trad- commit~ Opening C!oRing

ing ments price price Open Clos· High Low commit- ing

rnents price

--1,000 1,000 1,000

1934 bushels bushels Cents Cents Cents Cents bus/tel.! Gents Aug. 9 ..........•..... 3, 035 16, 842 109)4-% 110)1 !07Ys 110Y:i-% -I, 197 +!)(, Aug. 10 _______________ 2, 439 15, 558 10!J% . llOYs 108Ys 109-100)/g -I, 284 -tH Aug. 11 .. ------------- I, 984 !4, 549 104 106)1 104 104a -1,009 -5 Aug. 13 _______________ 2, 233 13, 036 103-103)4 104% 102)/g 103:Vs-~ -1,513 -)i Aug. 14 _______________ 1, 255 12, 421 104)4 -Yz 105 102 1Q2)4 -615 -IY, Aug. 15 •• ------------- 2, 113 10, 655 101Y:i-100Ys 101% 100)/g 100%-101)/g -1,766 -1!4 Aug. 16--------------- 739 10, 038 102% 103 101 101)4-Yz -617 +% Aug. 17 .•. ------------ 1, 237 9, 496 100)1 102)/g 100)1 10IY.-~ -542 +% Aug. 18.-------------- 800 8, 914 102-102)i 104 102 I03Ys-~ -582 +2 Aug. 20 _______________ 1, 237 8, 296 104 105)1 104 104)4 -618 +Yz Aug. 2!_ ______________ 727 7, 044 104%-105 105)1 104% 104~-Ys -352 +Yz Aug. 22 ... ------------ 685 7, 549 10•!)1 105)i 103~ 104)/g -395 -% Aug. 23 _______________ 828 7, 161 103Y:i 104)1 103)i 103Ji-% -388 -Ys Aug. 24 _______________ 475 6, 823 103%-Yz 104 102~ 104 -338 t)i Aug. 25 ..••. ---------- 300 6, 622 103~-% 104~ 103% 104 -201 -------Aug. 27 _______________ 735 6, 132 103% 103% 102)i 102)4-% -490 -i)i Aug. 28 _______________ 623 5, 703 JOlYs 102)/g 101% 101%-102 -429 -!{ Aug. 29 ....... -------- 936 5, 214 102 103% 102 102~-~ -489 t)i An!(. 30 ... ------------ !, 337 3, 962 wzV.-Ys 103 102 102%-1 3 -1,252 +M An!(. 3L ______________ 2,084 2, 628 102Y:i 103)1 102 102)/g-102 -1,334 -I Sept.!.. ______________ 1, 393 2,047 101)1 102)1 101)1 102%-Yz -581 +71 Sept. 4---------------- 514 1, 700 101)i-)/g 102Ys lOll-S 102~ -347 +H Sept. 5 ________ ·------- 747 1, 563 103)/g 105 102~ 105 -137 t2~ Sept. 6..-------------- 364 1, 380 !05Ji-% 106% !05)i 105% -183 +'s Sept. 7 ________________ !43 I, 330 106 106)1 105 106% -50 t)i Sept. 8 ________________ 78 l, 331 106)1 107 105Ys 105Ys tl -Y, Sept. 10 _______________ l15 1, 297 106 106)1 105% 105% -34 -!4 Sept. IL _____________ !39 1, 187 105)/g 106~ 105 106)1 -110 +% Sept. 12 _______________ 37 I, 164 106% 106% 105)1 105)1 -23 -I Sept. 13 _______________ 47 !, 133 !05)i 105% 104% !05~ -31 t)i Sept. 14 _______________ loS !, 112 !Of>~ 105~ 103 103 -21 -2)4 Sept. 15.. _____________ 45 l, 088 102V. 103~ 102Ys 103 -24 ""+iV. Sept. 17 _______________ 63 1, 095 102% 104% 102% 104)/g +7 Sept. 18. ______________ 44 !, 105 104)i 104% 103% !04 tJO -Ys Sept. !9.. _____________ 93 1,082 !03Ys 103Ys 102% 103)/g -23 -% Sept. 20 _______________ 56 !, 060 103% 104% 103% 104 -22 t% Sept. 2L _____________ 161 943 104 104)/g !03Ya 104 -117 -----·-Sept. 22 _______________ 45 916 !04)i 104)1 103Ys 104)/g-104 -27

---:~ Sept. 24--------------- 357 704 104)/g !04)i 103% 103)1 -212 Sept. 25 _______________ 104 607 102)/g 104~ 102)/g 104%. -97 tl'. Sept. 26 _______________ 67 581 104)1 104Ys 104 104% -26 -% Sept. 27 _______________ 137 517 103% 104% 103~ 104~ -64 +% Sept. 28 _______________ 272 419 104%-Yz 104~ 103Ys 104)1-% -98 -U Sept. 29 _______________ 600 --------- 104)i 104~ 100)i 101 -419 -3Y,

!934 SEP'rEMBER FUTURE (NEW STYLE)

1934 July 2----------------- 4, 789 2,098 90)i-)/g 90)i 88Ya 88)i-Ys +2,098 ··"+% July a _________________ 5, 170 3, 474 ~g!lii~ 89~ 88)1 88)1-~ +1,376

tl% July 5 _________________ 6, 609 5, :J62 90% 89 90-90)/g ti, 888 -~ July 6----------------- 5, 674 7, 226 89%-Ys 90)i 89)i 89%-~ ti,8fl4

July 1----------------- 3,492 8, 231 89)1-% 90 89)i 89)1-% tl,OD5 -' -1% July 9 _________________ 6, 551 9, 366 89)i-88Ys 89)i 87)1 87~-Yz +1, J:J5 +% July JQ ________________ 6, 6,60 10,760 87Ys-% 89 87% 88%'-Yz tl, 394 '+5 July 11---------------- 9,828 12, 036 93-93% 93% 92Ys 93%b ti, 276

tJYs July !2 ________________ 13, 688 14, 286 94-94Ys 96 94 94~-% +2, 250 +3 July 13.. ______________ 12, 664 16, 090 94%-Ji 98)i 93~ 97%-Ys tl, 801 ti July IL ______________ 11,450 17. 286 97Ji-% 99% 97)i 98%-~ +I, J9fl -~ July 16---------------- 11, 758 !8, 223 98%-Ji 99Vs 97Vs 98%-Ys t9:l7

fJ'' July 17---------------- 16. 203 19, 913 98)/g-97% IOJ)i 97% 99%-~ +1, OUD

+% July !8.. ______________ 12, 376 20,971 100%-100 101)/g 99)1 100-100U tl, 058 tiYs July 19.. ______________ 13, 394 2:J, 391 101-JOI~ 102 100)/g !OJ)i-Vs t2,42D -2 July 20 _______ , ________ 20, 15:J 26, 610 102-1021 2 102)1 98% 99%-Ys +3, 249 tJ% July 21.. •. ____________ 11, 653 27, 540 99)1-99 101 98Ys !00~-Yz toDD -% July 23.. ______________ 16,287 28, 632 101)1-102 102~ 99Ys lOOYs-100 +!,092 -2!4

July 24---------------- 15, 998 29, 263 9W.-Ji 99'" 97% 97Ys-~ +631

a See text for explanation.

WHEAT FUTURES 91

TAJlLl" 33.-_Daily volume of tra,ding, open commitments, opening, _high, low, and clos-ing pnce8 per bushel of 8eptember wheat futures on the Chtcago Board of 'l'ra.rle, .Jan. 3, 1933, to Dec. 31, 1935-Continued

1934 SEPTEMBER FUTURE (NEW STYLE)-Continued


Volume Open Opening Closing Date of trad- commit-ing ments price price Open Clos-


--- ------ --1,000 1,000 1,000

1934 bushels bus he/,, Cents Cent., Cents Cents bushels Cents July 2.1 .. -------------- 16, 413 29. 670 97\1i-98Ys IOOY.\ 07Yz 99~f--l<( +407 +t% July 2n ________________ 20, .)85 30, 392 99Yz -99 100% 96% 97~<-% +722 -1% July 27 .... ------------ 10.516 30, 581 98%-99% 9934 98Y.\ 98Yz--"/s +189 +;.4 July 28 ________________ 11.024 31, 027 90Y.\-% 101J/z 99Y.\ !Oll<(-Jil +446 +2U July 30 ..•. ------------ 10, 852 31, 221 lOll<\-% Hi2V, lOOJ/z 102Y.\-% +194 +I July 31.--------------- 12, 094 31, 788 IOI%:-102 l02 100'-.i 100%-101 +567 -1% Aug. 1. ... ------------ 17, 601" 31, 684 !01%--"4 IO:J% 101% 1.03Y.--% -104 +2% Aug. 2 .... ------------ 11,492 31, 176 103%-103 104Ys 102% 103Ys-103 -508 -X( Aug. 3 ... ------------- 7,076 30,588 103-102'/s 103% 102Yz 102!/,S,/.( -588 -~ Aug.1. _______________ 6, 323 29.659 I03Yz--% 105 103% 104J/z-% -929 +I'• Aug. 6 ________________ 13, 218 27,902 104Y.\-104 JOg% 104 107'-4-108 -1,757 +3% Aug. 7. _______________ 9. 058 27,289 108V..--V. 109Ys 106% 108V,.-Ys -613 +Vs Aug. 8 ________________ 6, 100 26,068 J07'V..--Yz !09% 107Y.\ !09Y.\-109 -I, 221 +% Aug. 9 ________________ 8, 661 24, 840 109Yz-Y.\ IIOJ/z I07U llOY.(-Yz -I, 228 +IU Aug. 10 ... ------------ 7,072 23, 343 109%-Yz Ill !08Ys 109-109Ys -I, 497 -1% Aug. 11--------------- 6, 017 21.878 !04 106J/z !04 J04a -1,465 -5 Aug. 13 _______________ 5,117 20,936 !03)4-103 !0434 102 1037-i:-%" -942 -~ Aug. 14 ... ------------ 3, 409 20, 500 104~ 105Ys 101'/g 102~.(-Y~ -436 -l}tz Aug. 15 ... ·----------- 5.140 18.920 !OJ! z--l.QOYs 101% IOOYs lOIY.\-!01 -1.580 -lYs Aug. tr. _______________ 2.473 18, 05~ !02Yz--'4 103 10!1./g !Oll<\-Yz -864 +~ Aug.l7 _______________ 3. 831 16.925 lOOYz--U 102)4 lOOY.\ lOIYz--% -1,131 + 8 Aug. 18 _______________ 2. 229 16,482 !02 104 102 103'V..--%" -443 +,t~ Aug. 20 _______________ 3. 907 15, 803 !04 105J/z 103V. 104Vs-~ -679 Aug. 21.. _____________ 3. 576 14, 398 104%" 105Yz 104% 104%"-7 8 -1,405 +Yz Aug. 22 _______________ 1. 484 13. 981 104~ J05Y.\ 103% 104Ys-~ -417 -~ Aug. 23 _______________ I, 887 13,459 !031 2 104% 103ti 103)4--"8 -522 -1 Aug. 21 _______________ 1, 078 12,838 l03Yz 104 102'• 103Y..--104 -621 +% Aug. 25 _______________ 881 12,487 103%"-% !No/.\ 103% !03l->H04 -351 --:.:i% Aug. 27 _______________ 043 12, 172 103~ 103% 102)4 102Y.\--"/s -315 Aug. 28 _______________ I. 201 11,819 1018 , 102 101% !02-lOIU -353 -% Aug. 20 _______________ I. 320 11.247 !02Ys 103J/z 102)'8 102~-4-Ys -572 +Ys

i I illlllli;ll 1. 617 10.284 102-102~ 103 102 !027+103 -963 +~ 3. 245 8, 217 102%-Ys 103% 102 102~-$--102 -2.067 -1 1. 706 5, 933 lOIJ/z 102% 101~ 102Yz--% -2.284 +Yz I, 734 5, 328 IO!Yz 103Ys 101)4 1027-$--%" -605 +~ I, 580 4, 380 103~ 105Y.\ 102U 105-104Ys -948 +2ti I, 168 3, 751 105% 106% 105% 105'-4-% -629 +'•

803 3,460 106 106% 105 106Yz -282 +U 322 3, 290 106% 107Ys 106 106 -179 -Yz 430 3, 127 1057/g 106% 105J/z 105% -163 -rs 514 3, 227 105)4 lOG% 105 10t3~$ +100 +t 277 3, 006 106% 106% 105J/z !05Yz -161 -1!/s 402 2, 885 105~ 105% 104%" 105U -181 +U s;gt: ]~--------- -~---- 235 2, 757 1053• 105% 103 103 -128 -2%

II I : llllillll 112 2, 707 102Ys 103% 102Ys W3H -50 +78 04 2, 668 10234 104% !02%" 104)·8 -39 +I

121 2,643 104~-% 104;§, 103% 104 -25 -Ys 234 2, 549 !04 1041 s 102% 103Ys -94 -}-8 312 2,414 103% 104~ 10334 1041,-$ -135 +1 330 2,112 !04 104% 103Y.\ 104Ys -302 -------61 2. 045 104% 104Yz 104 104 -67 -}1

454 1, 806 !04~ 104% 103Yz 103Yz--% -230 -~ 328 I, 513 !021 s 104% 102 10434 -293 +I~ 294 I, 450 104J/z 105 104 104Y.\ -63 -~ 261 1. 214 103?/s 104% 103?/g 104':; -236 +Yz 522 706 104~{-Yz 104U 104 104% -418 -Ys 776 --------- 104)4-Ys 104Ys 100)4 101H-10! -796 -3%

1935 SEPTEMBER FUTURE -Jan. 2

1935

Jan. 3------------ ----- 383 284 OIJ/z 91% 90Ys or.•;-% +284

!E ~·••••:: •• -•• : 198 398 91Ys 02Ys 90~4 91!1-% +114 ---+% 130 475 92Ys 92~8 91)4 91%-•• +77 +~ 205 566 91% 92~-8 91)4 92%-Yz +91 +% 452 70•1 92% 02U 92 92'/s-Yz +228 ---:.:Ys 387 899 92~ 02% 01% 92% +105 339 1, 025 023 8 92% 91Ys 91~-$ +126 -~4


TABLE 33.-Daily volume of trading, open comitments, opening, high, low, and closing prices per bushel of September wheat futures on the Chicago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935-Continued

1935 SE.PTEMBER FUTURE-Continued



Date of trad- commit- Opening Closing lug ments price price Open Clos-

High Low commit· ing ments price

--- --- --1,000 1,000 1,000

1935 bushels bushels Cents Cents Cents Cents bushels Cents Jan. 10 ..........•..... 371 1, 165 91%-% 92)4 01)4 91%-Ys +140 +Ys Jan. 11 ...•............ 600 1, 313 91% 91% 00 90Ys +148 -1% Jan. 12 ...•............ 330 1, 368 89% 90 89Ys 89% +55 -% Jan. 14 ..••............ 561 1, 355 00 90 88)4 88Yz -13 -1!4 Jan. 15 ................ 1, 627 1, 682 88)4-Ys 88V. 84% 84%-% +327 -3!{ Jan. 16 ................ 962 1, 778 85 86% 85 86Yz +OG +l)i Jan. 17 ................ 62b 1, 896 86Yz-% 87)/g 85% 86Yz +118 -------Jan. 18 ..•..•.•........ 7-10 2,189 86% 87% 86% 86% +203 +Ys Jan. 19 ..••••.........• 285 2, 232 86Ys 87Vs 86% 87% +43 +IYs Jan. 21.. .............. 918 2, 481 87Y.-% 87% 86Yz 87Y,-87 +249 -)i Jan. 22 .......•........ 478 2, 464 86Yz 86% 85Ys 86% -17 -% Jan. 23 ...•...........• 542 2, 457 86%-Ys 87Yz 86V. 86Y,-87 -7 +% Jan. 24 .•.•...•........ 419 2. 489 86% 87Ys 86Y, 87 +32 """+% Jan. 25 ..••..........•• 580 2, 516 87 87Ys 86V. 87Ys-% +27 Jan. 26 .........•••.... 161 2, 531 87V. 88Yz 87V. 87% +15 -)i Jan. 28 ...•............ 671 2, 608 87Y, 87Y, 86% 86Vs-Yz +77 -IYs Jan. 20 ..•......•.....• 553 2, 572 86Ys-J4 86% 85Ys 86-85Ys -36 -!-'2 Jan. 30 ...........•••.. 1R4 2, 556 86Ys 87 86Ys 86Ys -10 +Ys Jan. 31. .......••••...• 436 2, 586 86% 87% 86% 87Y, +30 +% Feb.!. .........•..•.. 330 2, 528 87Yz 87Yz 86Yz 86Ys -58 -% Feb. 2 ................ 321 2, 578 86Ys 87% 86% 87Y.-% +50 +% Feb. 4 .. -------------- 487 2, 804 87-86% 87Yz 86)4 86Y.-% +226 -I Feb. 5 ................ 542 2, 87fi 86V. 87 85Ys 87 +72 +).j Feb. 6 .. -------------- 556 3, 098 86Ys 87Ys 86Ys 86%-% +222 -!4 Feb. 7 ................ 528 3,169 86Y, 87Yz 86Ys 86Ys a +71 +J.i Feb. 8 .. ---------- ____ 762 3, 139 86Ys-% 87% 86% 87Ys-87 -30 +!~ Feb. 9 ................ 555 3, 178 87% 88% 87% 88% a +39 +Hi Feb. ll _______________ 336 3, 205 87Ys 87Ys 87% 87% +27 -lH Feb. 13 ............... 436 3, 315 87Yz 88V. 87)4 88%-)4 +110 +% Feb. 14 ............... 424 3, 460 88% 88% 87Yz 87Ys +145 -% Feb. 15 ............... 421 3, 431 87Ys 89Ys 87Ys 89 -29 +IV. Feb. 16 ............... 358 3, 486 89 89Y, 88% 88%-% +55 -!4 Feb. 18 '-------------- 403 3, 555 88V. 90% 87% 90Y.-% +69 +1~ Feb. 19 ............... 1, 450 3, 869 90%-Ys 91 90Ys 90%-V. +314 --:.:i)l Feb. 20 ............... 903 3, 705 90Y,-Ys OOY, 88Ys 89Y,-% -74 Feb. 21..------------- 778 3, 754 89% 90% 89% oov. -11 +I Feb. 23 ............... 1, 0!8 4,124 R9J:1<-% 91 89% 90%-V. +370 +Y. Feb. 25 ............... 825 4, 324 90Ys 01 89Ys 90~-v. +200

---+~ Feb. 26 ............... 1,182 4, 472 90% 91Yz 90% 91Y,-91 +148 Feb. 27 ............... 1, 143 4, 697 91Y,-% 02V. 91).1\ 92%-V. +225 +IH Feb. 28 ............... 1, 406 4, 985 92%-Ys 92Ys 91% 92).1\-02 +288 -H Mar. !. ............... 1, 2.34 5,105 91Yz-% 92 01)4 91Y,-02 +120 ~--:.:~i Mar. 2 ................ 872 5,092 92Y,-02 92Y, O!Y, 91V,-V. -13 Mar. 4 ................ 892 5, 138 90Ys-% 91 90% 90%-% +46 -~6 Mar. 5 ................ 857 5, 248 90% 90% 89% 9Q-89Ys +110 -~ Mar. 6 ................ 2, 058 5, 277 89V. 91Yz 88% 88Ys-89 +29 -I Mar. 7 ................ 1, 211 5, 504 89Yz-% 90 89 89Ys-90 +227 +I Mar. 8 ................ 773 5, 728 89Ys-% 90% 89% 90%-V. +224 +Y. Mar. 9 ................ 566 5, 726 90Y,-90 90Y, 89% 90Ys -2 -v. Mar. 11.. ............. 2, 299 6, 000 89Vs-Yz 89% 87% 88V.-% +283 -I% Mar. 12 ............... 1, 313 6, 00!) 88Y,-Ys 89Ys 87Ys 88% -4 +Y. Mar. 13 ............... 1, 150 6, 235 89 80% 88% 89%-% +230 +I

-JY. Mar. 14 ............... 906 6, 354 89%-Ys 89Ys 88% 88V. +119 +I Mar. 15 ............... 1, 840 6, 021 88%-Ys 90Ys 88Ys 89Yz-% +567 -H Mar. 16 ............... 1, 400 7, 141 80% 00 88Ys 89-80Ys +220 -% Mar. 18 ............... 2, 082 7, 305 88Yz-88 88% 87% 88% +164 +% Mar. 19 ............... 930 7, 319 88Y, 89 88Y, 88%-~ +H +ZJi Mar. 20 ............... 2, 174 7, 689 89V.-V. 01Ys 80 01-911 s +370 +X Mar. 21. .............. 3, 360 7, 792 91-00V. 92 OOYs 91Y,-~ +JO:l +H Mar. 22 ............... 1, 827 7, 808 91Ys-92 92V. 91J.i 91Ys-O +IG -1!1 Mar. 23 ............... 1, 040 7, 863 nl%-% 91% 90'/z 90% +M) +X Mar. 25 _______________ I, 116 7, 877 OOY,-90 O!L\i BOYs OOYs-91 +H +!'4 Mar. 26 ............... 1, 088 7, 034 91Y,-Ys 91~4 01Ys 9!J,i +57 +~ti Mar. 27 ............... 2, 216 8, !GO 9IY,-92 93% 91Ys 02Ys-93 +235

Mar. 28 ............... 1, 524 8, 243 >J2%-% 03Y, 92J.i 92Y,-% +7ol -0 Mar. 29 _______________ 1, 309 8, 458 92J.i-Ys 92% 91V. 91%-%: +215 +X Mar. 30 ............... 895 02 +215 8, 673 9Ws-% 92% 01%

' On Feb. 18, 1035, trading was suspended at 11:13 a.m. for the remainder of the trading day, owing to the rendition of the gold-clause decisions by the Supreme Court.

WHEAT FUTURES 93

TABLE 33.-Daily volume of tmding, open commitment-s, opening, high, low, and closing prices per bu.shel of September wheat futures on the Chicago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935-Continued


Range in price

Volume Open Ope?ing Closing Date of trad- co min it-

ing ments pnce price lligh Low

---1,000 1,000

!935 bushels bushels Cents Cents Cents Cents Apr. 1. ... ------------ I, 520 8,815 91Ys-'li 91Ys 90% 90V. Apr. 2. -------·--····· 2, 124 9, 072 9Wor!4 9U:f 89Ys 90%-% APr.3 ................ 2, 431 9, 325 90%; 91}i 89% 91-90Ys Apr.4 ................ 3, 194 9, 143 91),-i 92% 91),-i 92¥.-%: Apr. 5---------------- I, 843 9, 137 91~ 91Ys 91)/g 9!Yz-% API'. 0 ................ I, 369 9, !58 91),-i 91~ 91Ys 91).-i Apr.s ................ 2, 796 9, 399 92V.-~ 93 91Ys 92).-i-% Apr. 9 ................ 2, 085 9, 600 92%; 92%: 91Ys 92%-Yz Apr.lO ... ------------ 5, 482 10, 126 93-93%; 95% 93 94%-95 APr. ll .. ------------- 6, 263 10,980 97~-98Yz 98).-i 9G% 9GYs-%: Apr. 12 ..... ---------- 6, 156 11, 553 96Y:r% 100% 96% 101J-100V. Apr.13 ............... 7, 402 12, 767 100-IOOV. 102 99% 100%:-J.-i Apr.15 ............... 6, 574 13, 375 IOOV.-99%: lOI!·i 99%: 100!4-% Apr. 16 ............... 7, 010 14, 188 IOOY,-100 102),-i IOO 102%+2 Apr.l7 ............... 8, 327 15,011 102),-i-14 102),-i !OOY, 100~~-% APr. 18 ............... 5, 043 15, 217 100!i'-% 100% 90%: 100-99% Apr. 20 ............... 4, 018 15, 396 IOOV.-V. 101~ 100% 101%-Yz Apr. 22 ............... 5, .54·1 15, 745 101Y.-102 . 102Yz 101Y, lOIY.-V. Apr. 23 ............... 7, 263 16,202 101V. lOHi 98Yz 98Yd-':l Apr. 2.5 • .............. 8, 575 16, .5.57 98-98)1 98)1 9G%: 98-97Ys Apr. 26 ............... 6, 744 17,0:39 98),-i-% 100)1 9H% 100!4-V. Apr. 27 ............... 3, 492 17, 418 99Ys-~ 99Vs 98Ys 99%-V. Apr. 29 ............... 7,124 18, 749 99Ys-99 100%: 98Ys 160%-Y. Apr.30 ............... 7, 290 20, 9R8 !OOY.-Yz 100% 99Ys 99%:-% May!. ............... 5, 364 21,822 160-lOOY, 100)1 98% 98~-% May2.. .............. 7, 176 22,902 98Y.-98 98)/g 97 97%:-% May3.. .............. 5, 110 23,585 97Yz-% 98 96~ 97),-i-% May4.. .............. 3, 238 23,854 97lt% 97% 96% 96%:-% MayO ................ 3, 917 24,327 96%-% 97% 96).i 96Y.-~ May7.. .............. 8, 1.56 24,243 97-96Ys 97V. 95Ys 95V.-Y.

~~ lf: ! ;;; : ::::~ 6,180 24,659 9Wz-~ 96),-i 94Ys 96!<.Hs 4, 357 24,668 96}1;- 8 96Ys 95% 9!W.-Yz 4, 297 24,894 96~-% 96~ 95!-i 95¥.-V. 7,457 25,360 96!1-% 96% 94)1 94Ys-%: 9, 464 26, 104 94Yz-V. 94).-i 93 93%-!4 6, 164 26. 318 93%-V. 94Ys 92% 93-92Ys 4, 738 20,391 92Yz-'li 93~4 92)1 93-93)/g 6, 082 26, 371 93~-Ys 95 93),-i 94~-Ys 6, 407 26,898 94Yz 94% 92% 92Yz-%

hr~Y~--------------- 7, 075 27,077 91~-v. 92 91 91Y.-92 i\I/ 21 ......... ------ 7,073 27,240 91Y.-~ 92.'/s 90% 90Y.-%:

6, 483 27,642 90V.- s 91)1 90Ys 91¥.-V. 4,844 27,569 91Y.-Ys 91~ 90% 90~-% 3,44£ 27, 368 goy .... ~ 91% 90% 91%-Ys 7, 078 27, 530 91 91 89% 89Yz-% 5, 581 27,607 88%:-Yz 89 88% 88V.-V. 5, 967 27,758 ssy .... ~ 89Ys 87Ys 88%-'Ys 6, 565 27,737 88--87Ys 88~ 87% 88%-Ys 8, 801 28,224 88}1;-87Ys 88% 85Yz 85%:-V.

10,263 28,526 85~-86 87 84Ys 85-85Ys 10, 219 28,397 83~-82% 84 81~ 83%:-Ys 8,942 29,090 84Y.-Ys 84Ys 83 83%-V. 8, 291 29, 595 84Yz-~ 85 83% 84%-85 5,107 29,839 84Y.- 84Ys 84 84Y.-Ys 8, 183 30, 068 84jt%: 85)1 84!4 84Yz-% 7, 792 30,362 84 ~ 84~ 83 83-83Ys 7, 233 30,711 82%:-% 84Yz 82~ 84-83~ 5,483 30, 657 84-83~ 84).4 83 2 84V.- z 5, 979 31, 281 85-84~ 85 83~ 8•1Ys-Y.

10, 761 31, 172 83Y.-'• 83%: 81% SlY.-% 14,680 31,088 81)/g-81 81%; 79)1 79Y.-%: 10, 179 31, 000 79Ys-80 81Ys 79Ys BOYs-~ 8,376 31, 675 80Ys-81 81 79% 79jtY2 9, 672 32,372 81J-79Ys 80~ 79),-i 80 z-%

10,766 33, 160 81-80Ys 82 8 BOYs sw .... v.


Open commit-ments

1,000 bushels

-l-142 -1-257 -1-253 -182

-6 -1-21

-l-241 -l-201 -l-526 -1-854 -1-573

+I. 214 +608 +813 -1-823 -i-236 +1-19 -1-349 -l-517 -1-295 -l-482 -1-379

-l-1, 331 -1-2,239

+834 -l-1.080

-i-683 +269 -l-473 -84

+416 +9

-1-226 -1-466 +804 -1-154 +73 -20

-l-527 -1-179 -l-163 -1-402 -73

-201 -l-162

-1-77 -1-151 -21

-1-487 -l-302 -129 -1-693 -l-505 +244 -1-229 -1-294 -1-349 -54

-1-624 -109 -84 -88

-1-675 +697 -1-788

Clos-ing

price

---Cent.~ -l)i -% +~

-1-1!4 -~

-------+I

--+2i4 +I~ +3% +Yz -%

+2% -2% -Y.

-1-1)1

--:.:3---v.

+2% -1 +Ys -)1 -l -1 -v. -~

--------IV. -1-1 +Y.

-1% -)1

-1),-i -v.

"+i% -2% -)1

-1% -1-V. -v. -1-Y. -1~ -I -v.

--:.:26' -%

-IV.

-~ -1-1 -Y. -% ~ -1

+7 Ys % Y. % ~

+' -~

-2' -I' -1-1 -1. u

Y. -1-1 +1•

10,962 34 195 81' % 81's BOYs BOY.-% -l-1,035 -1 'T • Y.- % ~ s Y2 or a ~:~bg suspended Apr. 24, 1935, pending arrangements for the disposition of open futures contracts or Trndo rre~~r the exchange who had been granted an injunction by a Federal court restraining the Board

suspendmg the member.

94 STATISTICAL BULLETIN 54, U. S. DEPT. OF AGRICULTUHE

TABLE 33.-Dnily volume of trading, orJen commitments, opening, hi(Jh, lo1lJ and closin(J prices TJer lm-~hel of September wheat futures on the Chicago Boa~i of Trade, Jan. 3, 1933, to Dec. 31, 1935-Continue<l ·

1935 SEPTEMBEH. FUTURE-Continued

Range in price

Volume Open Opening Date of trad· commit-ing moots price

High Low

--- ---1,000 1,000

1935 bushels bushels Cents Cents Cents June 20 ............... 13,~1 34,825 79V.--% 81 78Y, June 21. .............. 11, o:m 30, 07~ 81-SlYs 82 80% June 22 ............... 8, 404 36, aot 81)4-81 SlY.! BOYs June 24 ............... 8, 001 an, a75 8Q-79')i SOY, 70Ys June 25_ ·------------- 8, 578 37, 063 79')4-Y, 80% 79% June 26 ............... 12, 152 37, 78fi 79')4-80 81Ys 79% June27 ............... 8, 038 38, 774 80%:-% 81 80)4 June 28 ............... 20, 134 40,065 8!Y.--% 85Y, 81Ys June 20 ............... 25, 410 40,958 85-84')4 87)4 84% July 1. ............... 30, 75fJ 41, 48G ssv.--v. 88% 85Ys July 2 ................. Hl,531 43, 434 87V.-Ys 88)4 85Ys July 3.. ............... 20,110 44, J50 8rJY.-% 88Ys 86Y, July 5-. ............... 22, 381 44,456 84Y,-83 84Ys SlY, July 6.. ............... 10,714 45, 173 80')4-% 81% 78Ys July 8 ................. 19,003 44,865 70Y.-X 81 79% July 0 ................. 24,037 43,578 81Yz-X 85 SlY, July 10 ................ 21, 083 41, 81>5 B4Yz-X 85Ys 84% July 11 ................ 22,489 42, 274 82%-82 81)4 82 July 12 ................ 16,915 42, 358 8:JYs-% 83Ys 82Ys July 13.. .............. 15,710 42,984 81)/z-81 81')4 80 July 15 ................ 22, 570 43, 748 81)1;-)4 83Y, BOYs July lfL ______________ 17,800 43,409 83Yz-% 83')4 82 July 17.. .............. 2(;, 584 43,026 83)4-Ys 80% 83)4 July 18 ................ 22, 6fi4 45, 173 86%-% 86% 84)4 July 10 ................ 17,444 44, 608 84Y.-B5%' 85)4 83Y, July 20 ...... ---------- 10,610 44, 568 84V.--% 85Ys 84 July 22 .... .----------- 20, 0:!5 44, 243 8W.-"/s 87% 85% July 23 .. ______________ 20,875 44, 541 86Y,-Ys R!SYz 83% July 24 ................ 15, 724 44,020 84%-X 80)4 84Ys July 25.. ______________ 21, 003 43,784 85')4-Ys 87Y, 8-5% July 26 ................ 31, ng 43, 525 86-86Ys 89')4 86 July 27 ................ 31,276 43, 318 Oo-90% 04Ys 90 July 20.. .............. 30, 154 4:J, 426 92)4-0JYs 94Ys 91Ys July 30 ________________ 26, 070 44,030 91')4-92 o:;y. 01)4 July 31.. ______________ 20,933 44, 960 92)/z-'Ji 96 92Ys Aug. L --------------- 24,721 44,505 95-95Ys 95Y, 93Ys Aug. 2---------------- 27,400 44,086 93)/z-03 93Ys 00 Aug. 3 ________________ 13, 823 44,652 90:V.-~ 9I')i 89')4 Aug. 5---------------- 14, 710 44,781 90)4-Yz 92)4 00)4 Aug. 6---------------- 18, 331 44,796 92)4-Ys 92')4 90% Aug. 1---------------- 18, 690 45,306 90-89')4 91Ys 89Ys Aug. 8 ................ 12, 839 45, 490 90')4-91 91Ys 89% Aug. 0---------------- 8, 311 44,876 90% 01% 90 Aug. HJ.. _____________ 15,004 43, 233 91-02 02% 89% Aug. 12 ............... 11, 822 40,204 89%-Ys 80% 87% Aug. 13 ............... 7. 505 38,767 8Wz-Ya 87')4 86Y, Aug. 14--------------- 5, 693 38,246 86V.-Ya 87Ys 85Ys Aug. 15 ............... 3, 714 37,728 86Y.-B7 88 86Y, Aug. 16 ............... 3, 650 37, 121 87')4-Y, 88% 87Ys Aug. 17 ............... 4, 440 36, 010 87~-Ys 88Ys 86% Aug. 19 ............... 4, 254 35, 530 86 .--87 87Ys 85% Aug. 20 ............... 3, 505 34,988 85')4-Ys 87Ys 85')4 Aug. 21. .. ------------ 5, 980 32,900 87')4-88)4' 90 87')4 Aug. 22.-------------- 3, 778 32, 142 89Ys 90% 88% Aug. 23 ............... 3, 781 3I, 302 87%:-Ys 90% 87Y, Aug. 24 .... ----------- I, 978 30,779 SOY, 89Ys 88Ys Aug. 20 .. ------------- • 2,062 30, 153 BoY.-X 89)1j 88% Aug. 27 _______________ 3, 662 28,830 88:V.-J4 89)4 88 Aug. 28 .... ----------- 4, 027 27, 154 88Ys 88')4 87Ya Aug. 29 ............... 4, 892 24, 021 87-87)i 88 86')4 Aug. 30 _______________ 6, 895 20,973 87-86Ys 87Ys 86% Aug. 31. .............. 8, 098 16, 454 8W.-X 88V. BOY, Sept. a__ ______________ a, 888 14,404 88)4-% 88% 87Ys Sept. 4 ................ 5, 138 11,513 88)4-Ys 88Y, 88 Sept. 5 ................ 3,105 0, 886 80 oov. 80 Sept. 6.. .............. 2, 498 8, 619 90Ys oox BOYs Sept. 1---------------- 2, 4fl3 7,505 01%-Ys 92)4 91 Sept. o__ ______________ !, 437 6,808 02Ys-02 02Ys 91

a See text for explanation.

Closing price

Cents 81-80')4 B!Yz-% 80Yz-% 80)4-Ys 70%-Ys 81Y,.-81 80Y,-81 85')4-Y, 85Ys-% 87Yz-% S7)4-87 87-86Ys 81Y, a 7oY.-J4 80%:-Ys 84%-85 85%-% 84)4-84 82%-Ys 80'V.-% 82')4-Y, 829/.--Ys 8Wa-% 84%-% 849/.-% 85Y,-')i 8Wz-% 84Ys-J4 86%-86 86~~-% 80)4 -Ys 03Ys-92Y, DZ')i-~ Ol:U-X 94V.-Ys 9W.-Ys 90i:fYs BOY.-%: OJY,-92 909/.-Ys 90~-Ys 901,-Ys 90~-% 89Ys-% 879/.--Ys 8Wz-% 80~-Ys 87 z-% 88%-Ys 86~-~ 85 .-:v. 87~Ys 89' X 88Y.--89 89Y.--X 89-88Ys 88Ys-X 88V.-88

~~~=~ 86~-~ 87~-1· 87'z-% 889/.--X 89')4-% oo-oov. O!Ys-02 OlYs

Net

__.___ chaugc fr(Jm ViOU!i day pro --

Op on Clrmwit- ing nLs prico

corn mo

1,0 bus/

00 tel!1 n:Jo 2u:J 3l:J -lfj

088 723 fJHH 2Ul 8o:J 528 048 7W 306 717 :~os 287 713 40U

+84 626 764 241! 47:J 147 565

-40 325 21!8 521 230 250 207 108 004 930 3fl5 501! 5flfl 129

+15

+ +I,

+

+ + +

+I, + +

+I. + + + -

-I, -1,

+

+ + --

+2, --+ ----+ + + --+ +

+ 510 193 6Z:l 64:l 1JfJ9 497 521 618 007 111 474 548 088 768 840 523 62/l :m ()1(j

+ --I, -2, -1, ---

-1, --

-2, ----

-1, -1, -2, -3, -4, -2, -2, -1, -1, -I, -

Z:l3 948 510 050 81!1 627 'lfl7 024 787

Cents +% +%

-1 -Ji -j4

+t!-1

WHEAT FU'l'URES 95

TAJll,J1 33.-Daily volurne of trading, open cornrnitrnents, opening, high, low, and clo.~in(f prices ]Jer bushel of Se]Jternber wheat futures on the Chicayo Board of '}'rarle, Jan. 3, 1933, to Dec. 31, 1935-Continued

Date

1935 Sept. 10 ... ------------Sept. 11.. .. -----------Sept. 12..-------------Sept. 13.. .... ---------Sept. 14---------------Sept. w _______________ Sept. 17.. .... ---------Sept. IL-------------Sept. !9.. _____________ Sept. 2lL _____________ Sept. 2L _____________ Sept. 2.L _____________

Sept. 24---------------Sept. 25.. ............. Sept. 26 _______________ Sept. 27.. _____________ Sept. 28 _______________ Sept. 30 _______________

1935 SEP'rEMDER FU'rURE-Contlnucd

Volume of trad-

lug

1,000 bushels

1, 104 1, 413 1, 287

762 601

1, 116 1, 890

886 1, 110

642 408 587 261 409 454 476 363

2,102


Open Opening Clo~ing commit-ments price pnce Open Clos-


--- ------ --1,000

bushels Cents Cents Cents Cents 1,000

bushels Cents 6, 146 91!4 02)1 my,; 91%-% -662 +% 5, 406 02!4 02% 9)!4 9IY.-!J2 -740 +!4 4, 808 ozY.-% 92% 01!4 OWa-34 -508 -34 4,514 91% 03 91% 93 -294 +134 4, 234 03)1-!4 93% 02% 92Y& -280 -Ys 3, 928 93% 94!4 0234 04!4-Ys -306 +1% 3, 258 95-95!4 08% 95 98Ys -670 +3U 2, 075 97% 97% 96% 97 -283 -1Ys 2, 665 9834-99!4 100% 08)1 99Y,...aA -410 +234 2, 478 99% 90)1 07% 9Wa-!4 -87 -!4 2, 365 98Ys 98% 97)1 98 -113 -1!4 2, 207 07!4 97% 96!4 96Y& -68 -1Ys 2,182 96% 98Ys 06% 96Ya -115 "":tiV. 1, 972 97)i 98% 96)1 98!4 a -210 '1, 707 08% 98% 07Ya DSVa-34 -265 +!i 1, 548 98Y& 100 98% 99 -159 +34 1, 244 99!4 99% 98!4 D8Ya -304 -Ys

--------- 99Ya 101% DO)i 101% -1,244 +2Ya


15 -------------- 91 90Ya +15 -------15 16 17 17 17 37 37 37 37 45 58

:::::::::::::: -- "(;)" -----(,)""" :::::::::::::: -----+2" :::::::

:::::::::::::: ··siij4 ---·ss~r :::::::::::::: ----+w· ::::::: :::::::::::::: ""88~ """"88~-- :::::::::::::: ::::::::: ::::::: :::::::::::::: ~~Ji ~Ji :::::::::::::: -----+8" ::::::: -------------- 89!4 89 -------------- +13 -------

1 No official quotations recorded.

96 STATISTICAL BULLETIN 54, U. S. DEPT. OF AGRICUL'fURE

TABLE 34.-Daily volume of trading, open commitments, o'Rening, high, low and closing prices per bu.~hel of December wheat futures on the Chicago Board of i•rade Apr. 22, 1933, to Dec. 31, 19351 '

Date

1933 Apr. 22 .. -------------Apr. 24 .. -------------Apr. 25 .. -------------Apr. 26 .. -------------Apr. 27 .. -------------Apr. 28---------------Apr. 29 .. -------------MHY !. ............... May 2 .. --------------Muy 3----------------May 4 .. --------------May 5 .. --------------May 6 .. --------------May 8----------------May 0----------------May 10 .. -------------May 11---------------May 12---------------May 13 .. -------------May 15 .. -------------May 16 .. -------------May 17 .. -------------May 18---------------May 19 .. -------------May 20 ...............

~:~ ~~::::::::::::::: May 24---------------

~:~ ~:::::::::::::::

s~~ ~=============== June L ---------------June 2.---------------June 3 .. --------------une 5 .. --------------une 6 .. --------------

J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J J

une 7----------------une 8.---------------una 0 .. --------------une 10 ............... une 12 ............... une 13 .. -------------nne 14 .. -------------une 15 .. -------------une 16 ............... une 17---------------une 19 .. -------------une 20 .. -------------une 21.--------------une 22 .. -------------une 23 .. -------------uno 24---------------une 26 ............... une 27---------------une 28 .. -------------une 29---------------une 30 .. -------------uly !. .... : ___________

uly 3 .... -------------uly 6 ................. uly 6-----------------uly 7 ................ uly s _________________ uly 10 ________________

Volume of trarl-

ing

1,000 bushels

20 10

153 359 601

I, 241 972

2, 378 I, 171 2, a:l2 1,695 1,840 I,R50 2,476 2, 400 1,443 2, 526 2,805 1, 378 1, :!89 1,405 2, .SOl 2,336 3,103 4, :n2 3,888 3, 759 3, 267 2, 776 3, 245 6, 264 5, 622 4,818 6,156 4,138 5,063 6,522 5, 503 3,.576 3,366 5, 648 6, 732 8, 210 7,830 9,812

12,521 9,623 7,091 9,511

10,080 13,552 18,S10 19,511 26,138 39,446 40,601 31,256 24,609 15, 108 19,699 19,222 24,075 16,812 24,105 14, goo 20,638


Itange in price

Open Ope!'ing commit-ments prwe

High Low

--- ---1,000

bushels Cents Cents Gents -~ -~ ~---- -------------- 71)'2. 71%

5 -------------- 73)'2 73% 123 73 73 71% 340 71-71)4' 72% 71 G~7 71%-J.-2 72% 70%

1, 222 70).1; 70)1 OB% l,Ofi5 71-71% 74% 71 2, 51!1 76%-77)4' 77)4' 73% 3,017 n% 75% 73)'2 3,RI4 7fl)'2 77% 75)'2 4, :J58 75)1i-J-'2 76)'2 75V. 4, 623 77%-!1 77)'2 76)'2 5,170 77%-J-'2 77% 75% 6, 348 7fj%-Y2 77% 75% 7, 031 75 75)'2 73%= 7, 285 75 75)'2 74Y-i' 7, 760 77Y-f-% 78!1 77)4 8,478 77%-78)1 78% 77 8, 774 78 78Y.= 77)1 9,041 76%-~ 76~ 76 9,374 76!-'2-% 76% 75%

10,376 76)'2 77)'2 7fl)'2 11, 159 77Yz 77% 7.5)'2 l!,.s!2 74%-~ 75% 74)4 12,539 74!-'2-% 74)'2 73 13,075 72%-% 73% 71)'2 13,568 72V.-% 74Y-f 72% 13,795 75%-% 76)'2 7-5% 14,007 75)1i-J1 75~ 73% 15,039 75Y-i' 75% 73% 16,237 711-79~ 70)'2 78 18,410 78-77% 79)'2 77)4' 19,059 79Y-f-Y2 79)'2 78)1 19,648 77-77)1 78)'2 76~ 21,107 78Y-i'-% 79).1; 78 22,222 78V.-% 78)1 76)'2 22,931 76)4-3.4 78 76).1; 23,142 78Y-f-Y2 78% 77)4 23,380 77Y-f-"/li 78V. 77)1 23,539 78)'2 78% 77)4' 23,808 77 79)'2 76%= 24,767 sou 81 79~ 26,878 8!-81)1 82)4' 80 26,634 8Ws-tt 82Yz SI 29,133 Sly,{- o S!J4' SOY,= 30, 7SO 79J/s-% 80)'2 7S% 32,213 78V.-% 79% 77% 33,570 77%-% 78% 76% 34,746 70%-80 81 70% 36,095 8Wr% 81% 80 39,033 80Vr% S2% 80)'2 42,225 83%-84 84 S2)'2 44, S50 S2it~ S5)4 S2= 47,425 851r8 88% 85)4' 53,554 89~1 95 89)'2 54,017 001r97~ 101~ 96)'2 57,405 98~4 100 94 58,830 95-05)4' 90% 93 58,518 94-03 97 03 57, 193 98-99)4 100 08 58,207 102)'2-104 104!<( 102 50,674 104-105 105)1 102)/g 60,056 101)'2-101 104 101 62,108 10tH05)'2 105~ 102 62,833 102 104~ 101% 63,551 104%-104 1061 103% 04,194 110!4


Clo~lng pnce Open Ol11s-

commit- ing ments iJtlce

--1,000

Gents bv.shels Gents -------------- --------- -------""7i~-------- +o -------+118

71%-72 +217 """+!.( 7W.-71 +327 -I 69 tli55 -2 74V.-% +443 t5!( 74V.-74 +926 -!4 75Y-i'-% -1-426 tiJ4 75)'2 +797 +!4 76%-J.-2 -H44 tt 77Y-i'-% t2fl5 +!4 7fl% +556 -~ 76-76).1; +1,169 -!( 73% +683 -2)4 75Y-I-Y. +254 +I~ 7&-77% +475 t2% 78-78V. -1-718 --·::y, 77)'2-% +296 76% +267 -!( 76V.-J4 t333 -~ 7W.-~ -/-1,002 tiJ4 7SV.-Y2 +783 -2 75-74~ +353 -~ 73%-% +1,027 -1):(

71}1-~ +536 -2 74Y-i'-'• +493 t2l1 78-76)1 +227 tl% 74%-% +212 -1):( 75% +1,032 +% 78)'2-)4' +1,198 t2% 78% +2,173 t% 78V.-J4' +649 -~ 78V.-Y2 t5BO +!4 78%-)4 +1,459 -)4 76Y.-% +1,115 -1)1 77%-% +700 +I 77Y-i'-"/o +211 -!1 78).1;-77~= +238 +% 77!-'2-% -1-150 -~ 79)'2-)4 +269 tl% 80%-~ +050 tl% 82V.-J4' +1,111 tll1 81~-% +756 -~ 80 -% +2,400 -JI· 79V.-Y2 +1,647 -I

78jtl4' +1,433 -IU 781,-"/li +1,357 --+2M SO%-S1 +!,17ft 80V.-J4' -!-1,340 -)( S2V.-% +2,038 +2~ SW.-!4 +3,192 +J1 S5J/.-J4' +2,625 +2 88-87% +2,575 +2!1

+714 94%-95 +6,120 +5% 100%-% tt. 363 -5~ 05)/.-95 +2,578 +'• 95%-% +!,335 +V. 98-90)1 -312

+3% 99)'2-)4' -1,325 +4!4 103%-J.-2 +1,014 -I~

102%-J.-2 +!,467 +li

103~-% -!-082 -I

102.-% +1,542

tf~ 104)'2-~ -!-635 105%-1 +718

+3% +643

'The equal sign(=), a, and b appearing as part or a price quotation indicate, respectively, a split quotll' tlon, asked price, and bid price.

uly 11---------------- 36,831 107)'2-106% 106)'2 109%-!-'2

WHEAT FUTURES 97

TABLE 34.-Daily volume of trading, open commitments, opening, .high, low, and closing prices per bushel of September wheat futures on the Ch~cago Board of Trade, Jan. 3, 1933, to Dec. 31, 1935-Continued

1933 DECEMBER FUTURE-Continued

Range In price Net change from previous day

Volume Open 'Opening Closing Date of trad- commit- price price

Clos-lng ments Open liigh Low commit- lng

menta price

--- --- --1,000 1,000 1,000

Cent• 1933 buaheu bushels Cents Cents Cents Cent& bUIIhel8 July 12.--------------- 25,853 64,394 109).f-109 111)4 108 111-110~ +200 +H-4' July 13.--------------- 24,247 66,314 111tt:l12 112 109)4 11o-11o s +1. 920 -~ July 14---------------- 29,047 68,923 109' 109 114 109 113).f-~ +2.609 +3!4 July 15 .. -------------- 30,634 74,203 114J.f-llol4 119 114~ 118!4-118 +5,280 +4~ July 17.. ... ----------- 48,044 79,280 118~-119 123% 118)4 121%-~ +5,077 +3% July 18..-------------- 37,688 83,124 123--124 124 119~ 120%--% +3.844 -1 July 19---------------- 59,895 83,364 120).f-119~ 120~ 108)4 109)1-110 +240 -11 July 21L.------------- 71,404 82, 278 107J.f-108 111~ 93~ 95J.f-96)4 -1,086 -13~

July 22 '- ------------- 3,437 82,730 9rY.Jk'>

(f) ('} (2) +452 (f) July 24 .• -------------- 22,717 81,259 98 95)1 95)4a -1,471 -J-i July 25---------------- 22,468 77,444 9rYJ7 99~ 95~ 97--97~ -3,816 +1% July 21L.------------- 22,466 76,275 99tt:100 103 09)4 103-102% -1,11111 +5~ July 21---------------- 33,133 75,460 107 109 110~ 106!4 110~-~ -815 +'8 July 28---------------- 20,641 74,976 106--107)1 108• 105~ 105~a -484 -5 July 29 •• -------------- 14,525 74,500 103-102!4 103~ 1008,., 100~a -476 -5 July 3'---------------- 15,255 73,940 98)4-1)6~ 98)4 95~ 95~a -560 -f,

Aug. 1.--------------- 4, 210 74,094 100~ 100~ 100)1 100tib +164 +" Aug. 2.--------------- .22,976 75,413 105' ~ 105~ 100!4: 103%-% +1,319 +3 Aug. 3---------------- 10,094 74,882 103).f-102~ 105~ 102!4 164%-!4: -531 +~ Aug.4 •• -------------- 13,521 75,804 103!4-102)4 103, 100~ 101-lOOJi +922 -3% Aug. 6 ...•.••••••••••• 8. 754 76,408 100% 101~ 99% 101J.f-IA +604 +% Aug. 7 .• -------------- 6, 799 76,852 ~8i!"ro~ 102 100% 101~-101 +444 -% Aug.R .•.•••.•.•...••• 12,946 77,751 101~ 99~ 100%--101 +899

""+2~ Aug. IL-------------- 15,230 78,243 101J.f-~ 104 101)4 103%-)4 +492 Aug. 10.-------------- 18,615 79, 143 104!4- 105% 103~ 103%--% +900 Aug. 11--------------- 22,254 82,064 102).f-101l4 102)4 98)4 98)4a +2,911 -6 Aug.l2 •.•.••.••••.••• 2,642 81,078 96--95~ 96 95~ 95~8 -76 -2~ Aug. 14--------------- 685 82,140

95H 06~ 958 95 ,a +162 -------Aug.15 .•.••••.•••••.• 1,842 83,405 95 ~ 95~ o5a~ 95~B +1.355

Aug. 16.-------------- 2,613 83,841 90. 90 ~ 00~ 90~8 +346 -5 Aug. 17.-------------- 35,368 84,452 86~ 95 85~ 93)4-IJ2% +611 +2).( Aug. 18--------------- 10,292 83,418 93!4:-~ 94% 88 88:> -1,034 -5 Aug. IU •.•..•••••.•••• 17,436 85,489 87--88 92!4 87 lll).f-~ +2.071 +3~ Aug. 2J. ______________

15,660 85,878 91~-1)2)1 92% sou 91-91~ +389 -% Aug. 22.-------------- 12,133 85,844 90~-% 93~ 90!4 91~-% -34 +~ Aug. 23--------------- 14,389 86,330 91~-92 03~ 01)4 91~-% +486 --::2¥,( 18,850 86,506 01-IJO 92% 88% 80~-88~ +176

15,423 87,973 92%-1)3)1 113)4 90% 92~-1)2 +1,468 +3 8, 060 88,594 03)4--93 93)4 92 92%-J,l3~ +621 +1

10,078 00,382 91~-91 92% Ill 91)4--% +1,788 -1)4 19,558 91,685 02%-% 92% 86~ 88--87% +1,303 -3)4 27,418 92,006 68!4:-87~ 91% 84•,., 90~-IJ1 +321 +2~ 16,864 93,512 00-89% 91% 89 110 • ...go +1.506 -~ 7,948 94,415 89)4--89 90)1j 89 89~-~ +903 -%

11,073 9!i,418 90!4-~ 90~ 87% 88!4--% +1,003 -1)4 --- 11,130 06,215 87~-% 88~ 86% 88).f-8,1 +797 +14

8,003 96,083 88 ·-88 888 s 85% 86~-ti -132 -1~ 10,482 95, 173 86)4--86 :~~ 84~ 87-86% -010 +.

s!::t: lk:::::·--------8, 075 94,927 86--85~ 85 86~-85 -246 -2

15,078 03,023 86--85 • 89)1j 84~ 88)i-83 -1,304 +3 Sept. 13. ~-- ------ 14,164 93,710 88-88~ 89!4 87)1j 87~)4 +87 -~ HcJit. 14 ·····-····--·- 15,420 93,210 88)1j-. 91% 88% 91 % -500 +4 Re)lt. 16:::··---------- 24,003 03,244 92)4-1)3~ 93% 91)4 91~-02 +34 +~ Hept. Jr. ------------ 18,714 91,016 92--92)4 93!4 90)4 Olu.-ll2 -1,328 +h

lll!li!j!i!!!!

17,042 01,663 92V...-91% 95~ 91)4 951 ~ -253 +3~ 20,464 90,419 06~% 97!4 94~ 06~4 -1,244 +'• 20,700 89,748 06 .-~ 97Ys 04. 97tt:'~ -671 +2 21,681 88,270 06J.f-95~ ~~ 05~ 05%--~ -1,478 -2 24,596 88,697 04J.f-93~ oo•. 90%a +427 -5 27, 238 87,007 90~-91!4: 91~ 87)4 8W...-% -1,600 -1~ 11,!i63 86,466 02--02)4 02 OOYs 92~-1)2 -631 +2~ 14,465 86,159 90~-!4 92% 89)4 o2tf-X -307 +~ 17, 107 86,547 91 .-92 03)/s soy. 901 s-OO +388 -2. 18,598 85,951 9()-89~ 01% 88~ 91-91!4 -500 +I~ 13,059 85,888 90-90 90~ 80 9()-80% -63 -1'

'Ch•cago n d OXC<IPtlor lorno.ar tor Trade was closed July 21 and July 22, 1933, by order or the directors of the exchange,

Inu ·es on July 22, devoted to the exercising or weekly privileges and the adjustment of trades. 68764-36--7

98 S'l'A'l'IS'l'ICAL BULLE'J'IN 54, U. S. DEP'l'. OF' AGRICULTURE

TABLE 34.-Daily volume of trading, open cornrnitrnents, opening, high low rmd clo8ing y;rices per bushel of December wheat f'ntures on the C:h·icago Board of 1\.ade Apr. 22, 19.'33, to Dec. 81, 1.985-Continucd '

10a3 DECEMDJ~R FU'l'UHE-Ooniinue<l

urne Vol oft

In Date ra<l-

g

1,0 00 1033 bus lte/s

flept. zg_______________ 13, Sept. 31)_______________ 11, Oct. 2----------------- 7, Oct. 3----------------- 4, Oet. 4----------------- 0, Oct. 5----------------- U, Or·t. fo_________________ 23,

Oct. 7. ·--------------- 1a, Oct. o_________________ 1a, {)ct. 10________________ 12, 'Or·t. 11.. ________ ------ IJ, {Jet. 13________________ 17, Ol't. 14________________ 18, Or:t. H'---------------- 19, 'Oct. 17 .... ------------ 28, {)(•t. 18________________ 28, Or-t. w________________ 20, Oct. 20________________ 22, Or·t. 21________________ 11, Or·t. Z:J________________ 12, <Jet. 24________________ 16, Oc·t. 25________________ 12, Or·t. 26---------------- 11, ()d. 27________________ ll, l)(ot. 28________________ 10,

U:J:J fl40 008 544 031 700 270 210 320 f.iHa 4:J7 727 728 :Jl2 710 1-53 112 047 n:J 747 721 44Q 72:J 868 821

Oct. 30________________ 12 ,073 Ont. 31._______________ U, fi50 Nov. L--------------- H, 027 Nov. 2---------------- 5, 121! Nov. :'1________________ 5 ,710 Nov. 4________________ 4 • 011 Nov. 6.--------------- 3, 1)07 Nov. 7________________ 1 ,7:30 Nov. 8________________ fi, 603 Nov. 0.--------------- 8 ,018 Nov. lO_______________ 5 • 060 Nov. l:l_______________ 4 '502 Nov. 14_______________ 5 '369 Xov. lli_______________ 4 • 762 Nov.l6_______________ a ,~50 Nov. 17--------------- a I 015 Nov. J8_______________ 3 ,oag Nov. 2iL_____________ 2 '()70 N<>V. 21.______________ 2 ,271 Nov. 22_______________ 2 '1!41 Nov. 23_______________ 3 • 643 Nov. 24--------------- 1 , saf.\ Nov. 25_______________ a , 2a4 Nov. 27_______________ 7 • 340 Nov. 28_______________ 7 '371 Nov. 2!J.._____________ 10 ,850 Dec.l._______________ 2 '785 Dec. 2.------------- __ 1 ,050 l>ec. 4 .. -------------- 1 '060 Dec. 5________________ 1 '214 Dec. 6---------------- I 1 2()0 liec. •---------------- 471! ·/Jec. k .• ---------- ___ _ 021 Dec.\/ _______________ _ 512 lJcc. ll __ ------------ 4?:!

m~:lt~::::::::::::l '127 • 412 844

:Dec. lr, __ -------------~ Dec. H; ______________ _ Dec. !H._-------------

]5~~: ~:~:::::::::::::::1

a:Jo 204 2f!IJ aun 307

a Sec teXt for explana.lion.

Open oommit-ments

----·-

1,000 b-ushels ~6. an 8fl, 7:l3 ~fJ,tl7:l 86,1J2tl 86, 5:!1 86, 113 84,122 83, 7:!7 83, 300 82,754 HZ, 111 80,023 77,072 7.), 882 72, :1{)2 68, 724 fJ7, 57fJ 64,!!ll7 oa, fl48 01,800 eo, 72:J 50, 701 58, 741) 58, 113 57, 707 57, ~27 fi6, 20U 66,245 64,714 58,001 51,074 50, 503 50,324 4U, :\80 40,1)58 45,200 43,550 41, 781! ·10, 161 39,170 ~17, OfJO :Jn, o4s 66,070 34, UfJ2 3:J, flflO :Jl, 992 20, 2:JH 27,471 22, :m5 w, 4fl:J 0,460 7, 794 7,05:1 fl, fl44 f), 097 5, J2f) 4, 770 1,:151 4, 008 a, 8YO a, 21!5 2, :ifJ5 1, 74fl J,!J7!i 1, :J:JIJ 1, 102

!J40 777

Hange in price

Opening Closing price price

High Low

----- --- --- -----·-

Cents Cents Cents Cents IJO:V.-01 01% 80%; HOY..-% 80%;-)4' 00% HSJA oo-ooy. 01)-00)4' UO% soy,; BWi-Yz K\J-88%; 80% 88% 811!4-Y. 00-00)4' 01 80% fJO!)i-00% 00-00% 00% 80 80%-80 80)4'-80 80% 84)4' 85-85~ 85%;-86 87% 83Y. soy,..-1, 80-80% 8fl:V. 84Yz 85%-% 85)4'-85 85Yz 83 !!4%-Yz 84-83:V. 85Ys s:J% 84-H:J%; 82Yz-81Y. H2Yz 78:V. 78:V.a 77-75%; 77 74 75-74:V. 74Yz-72% 70Yz oo:v. ou:v. 72-74)4' 74:V. 67Yz 74:V.b 75-74Yz 78}jl 74% 78)4'-y,j 7fiYz--75Yz 70Yz 75Yz 70Yz-70 78--70 84)4' 77Yz 81%-Yz 82%;-83 84 H!Yz 82--82).-8 84Yz--85 86%; 84)4' H6Yz--J4' 80-85Yz 86:V. 84 84:V.-85 86 88% 81) 88--87:V. 87)4' 87% 85)4' 85Va-% 85)4-85 80)4 85 HOY..-80 88--87Yz 88:V. 86% 88)4-)/:1 89)4'-Yz llOYz 87)4' 8~)4'-Yz 87Yz-87 89 86:V. 80-85:V. BW..-% 87)4 81% 83)4'-83 84%;-85 86)4 8:J% 85Yz-"/a 86)4'-% 87Yz 85% 87)4'-y,; 85:V.-81i llll% 85:V. 87)4-87 8fJYz--J4 87% 85)4' 85%-% 85Yz 80% 84% 86%-!4 86)4' 81!Yz 86)4' 88%-)4' 89%-% 1!2 89% !li:V.-% 91-1!0%; 91)4 80% 80%-:V. Ul-U1Yz 02Y. 110% llly,j-)4' 91%;-112 uay,; 01% 1!1)4'-Y. UOY.-% Ill% 88Yz 8fl)4'-y,; BWz--% 1!1)4' 88 91y,j-fl! UOY..-J4 91)4' 8!ly,j 8UY.-J4 8UJ4-88:V. 89% Hfi% 80%-% Ill; 89)4' 85% 80 81!--88%; 80% 87:V. 81J--88:V. 87%-Yz 88Yz 81J%: 87Yz--% 81iVa-Yz 86% H3:V. 84Y,.-84 84%-Yz 85%; 83 85~H !!4!4-% 84% 82% 82% 81)4-Yz 83)4 80% 81%-Yz 82%-)4' 83)i 81% 82--82Y. 83%-)4' 84 83 8:\:V.-% 8:1% 84!4 82:V. KI-82:V. 82%-82 82% HO% 81Yz-J4 81 81% 80Yz 81)4' H!Yz 84Yz HIYz 81% 84)4'-% 85)4' 8:JV. 84Y, 83% 81% 83% 84Yz 84%-)4' X4'4 82:V. HZ:V. 82% B&Yz f.2% 85)4' HO% 8fl% 86Yz 85% H57f 80)4 86 86:V. 86% H5% 82% X:3% 8:1Y2 8:J% 81:V. Rl:V. 82)4' H:J 81Yz 8:l 82%-)4' >;:{% 81% say,; 82Yz-:V. H:J%; H2% H2%;u 82Yz 82% 81:V. Hl:V. 81-81)4' 82Y. 7U)4' 70)4' I

Net eh, pre vi

angc from ow; day

----·

Open comml

Cios~- In~

rnent ~ J>rlec

---1,00~

bushel a Cent' -f-48 -f-30

4 -Y. l +V.

-0 -4

0 -% 7 -X

-9 -41

5 +1Y, 8 -I%

-1,09 -08.

1 -3%

-4:J 5 +1Y,

-55' I -% 2 -1!4 i -% 8 -5

-64: -2,08 -2,35 1 -:J)'i -1,7UI I '-5

o H -3,fl8 -:!,47 8 -J-:1% -1,1 48 +I -2,68 0 -J-2% -1,2:1 !I +% -1,78 2 +1% -1,14: l -1% -1,02 2 +3

-U5 5 3 fl 0 8 4 I 3 7 1 g

-I!:J. -40 -:J8

-1,11 -UO ·-fi:j

-1,71 -1,!12

-57 -17 -1!3 5

1 8 0 1

28

-2,73 -1,45 -1,65 -1,70 -1,6'

-09 I 21)

6 6

-1,2 -1,00

-87

-2J,i +3Y, -%

-2 +I% -IIi -2)<1 +2!4

-1,1 -1,[~1 ~ --:.:j~ -1,110 -2,75

8 -3~ 1 +Hi 7 -2% -I, 7H II -V. -b,fYl

-5,11:1 -7,00 -1,11fJ

-74 -10 -51

2 +!12 :J +1% 11 -% 1 -J% 11 -!1~ 7 +2V.

-117 2 -a5 -41 -::!5. -HJ -fill• -II~ -flU -17 -:J.4. -~· -10 -Jil.

WHEAT FUTURES 99

'f ~JJJ,~<: 34.--Dail)J vol·ume of trading, open commitments, opening, high, low, and ·clo.jinr; pr·ices per bnshel of December wheat fntures on the Chicago Board of Trade, .lpr. 22, 1.98.'3, to Dec . .'31, 1.986-Continued

nee. 21 J)ec. ~~ JJcc. :w llee. ~i llec. 2k llec. 211 lJcc. 30

I> ate

-·--··- ------

JU3:l ---------------o • • • • •• •"" o o oH•

----------------------------------------------------------------------------~--

lfJ3:J DECEMBER FUTURE-Continued ---------------------·-

Hange in price Volume Open Opening ---------of tracl- commit-

pric~e ing ments High Low

---- ---- ----- ---1,000 1,000

bushels bushels Cents Cents Cems 41:! 75.5 78%'-Yz 70% 77Y, 326 534 81%' 81%' 70Y, 112 457 81% 81%' 81Y. 102 4.32 81)4 83%' 81)4 177 :!28 83% 84 8.3 211 268 82% 82% 80Y, 377 --------- 81)4 82Y, 81)4


---Net change from

previous day Closing

price Open Clos-commit- ing ments price

---Cents

1,000 bushels Cema

78)4 -22 -1 !!!% -221 +3V. 81)/z -77 +V. 83)/z -25 +2 83)/z -104 8JY,:-80Y, -70 --:.:2~ 82% -268 +1Y,

- ------ ----,----;---.---~---;-----,-----,-----.,-----

IU34

5 -------------- -------- -------- -------------- --------- -------li 5 5 5 5

5 --------· ----· 5 5 5 ···------ -----r, 5 li 5 5 5 5


TABLE 34.-Daily volume of trading, open commitments, o_.pening, high, low and closing prices per bushel of December wheat futures on the CMcago Board of rJ'rarle Apr. 22, 1933, to Dec. 31, 1935-Continued '


Range in price Volume Open · of trad- commit- Openmg Closing

price

Net change I rom previous day

----·--Date ing ments price Open Clos

commit- in~ menLq priC<l

1,000 1934 bushels

Apr. 14----------'---- ---------

!g~: ~~=============== ========= Apr. !8 ••••• ---------- ---------Apr. 19--------------- ---------

1g~: ~::::::::::::::: ::::::::: Apr. 23 .•. ------------ --------Apr. 24--------------- --------Apr. 25--------------- --------Apr. 26--------------- --------Apr. Z1--------------- ---------Apr. 28--------------- 25

~:.;. ~~~:::::::::::::: ------ii" May 2.--------------- --------May 3---------------- --------May 4---------------- --------May 5------------.---- ---------

~:~ ~:::::::::::::::: ------iii" May 9---------------- ---------May 10.~------------- 45 May 11--------------- 135 May 12--------------- 55 May 14 •• ------------- 10 May 15--------------- ---------May 16--------------- 5 May 17 ••• ------------ --------May 18 .•• ------------ --------May 19 .••. ----------- ---------May 21. •• --------.---- --------May 22 •••• ----------- ---------May 23--------------- --------May 24--------------- ---------

~:~ ~::::::::::::::: :::::::i: May 29 ••••.• --------- 70 May 31. •••• ---------· 170 June!................ 1. 824 June 2---------------- 1. 911 June 4. -------------·· 2, 627 June 5---------------- 2, 751 June 6. --------------· 2, 938 June 7-----·-·-------- 2, 940 Juno 8.-----·--------- 2,137 June 9---------------- 2, 902 June 11--------------- 2, 710 June 12--------------- 2,100 June 13 ..•. ----------- 3.867 Juno 14. ·------------- 6, 395 June 15 ••• ------------ 4, 216 June 16. ·-------·--·-- 2, 575 Juno 18 •••• ----------- 3, 938 June 19............... 2, 707 June 20--------------- 5,124 June 21. •. ------------ 9, 460 June 22--------------- 7,133 June 23............... 6, 245 June 25............... 6, 149 June 26.-------------- 7, 324 June zr_______________ 7, 913

Juno 28--------------- 7,159 June 29 •• ------------- 7, 754 June 30............... 4, 732

1,000 bushels

5 5 5 6 5 5 5 5 5 5 6 5

30 30 41 41 41 41 41 41 46 46 81

141 141 141 141 141 141 141 141 141 141 141 141 141 141 '141 211 341

1, 233 2.021 2,909 3, 588 4,049 4,937 5, 221 6,102 6, 636 7,154 8, 207 9,021 9,861

10,083 10,580 10,954 11,826 13, 108 14,471 15, 255 16,283 17,577 18,695 10,036 21,731 23,300

High Low

Cents Cents Cents Cents 1,000

bushels Centa

··s2JT ______ ··s2M-- ··s2M-· :::::::::::::: ----+25. ::::::: -·8a~-------- ··am·· ··sa~-- :::::::::::::: --·-+ii. :::::::

:::::::::::::: ··siiM-- ··ssM·- :::::::::::::: ..... +ii. ::::::: :::::::::::::: ""iiif ""iiii%"" ""iiiiji)~----- ----+~5- ::::::: ··siiM________ gg~. :J7{ :::::::::::::: ·---~~~- :::::::

877{ 877{ 87)4 -------------- ····----· ···-·--

:::::::::::::: ""iii%"" ""iii%"" :::::::::::::: :::;::::: :::::::

oMMMM~-------- ""ii8"""" -------------- ----------------------- 98 -------------- ----+7o - ----·--""iiii~--------

101 100)4 101 1067{ 99)4 "iii1j4:%""""" +130

107-IG7U 109)4 103~ +802 ··:.:a% 105Y.-104J1 105)1 100 100~-101 +788 100~-!4 100% 08% 99J.i-Yii +R88 -I% 98-97~ 1037{ 97% 103).11-103 +070 +:!%

103)+-U 104 101~ 101)+-7{ +461 -I% 10()-997{ 101 09~ 100).1i-100 +R88. -IV. 100-100% 101~ 09% 1007{-% +2R4 +Vs 104)+-105 105 101 1017{ +~~~ H11 1017{ 102 100)4 100%-101 +534 -!4 100~-% 102% 100)4 101% +51R +Vs 101Y.-102 102% 08% 08)4-% +I.053 -2!1 98)4-08 98!4 95% 96% +BH -2~{

06%--!4 97% 05% 96%-~ -j-R40 +Vs -I 97-97V. 97)4 95% 05%- ~ +2~2 +!4 05~-!4 06% 05 967{ +407 +~i 96~-% 06% 96~ 96)+-% +37-1 -2%' 067{-)1 007{ 03~ 93~-~ +H72 -2!4 03%-94 947{ 9Jlij 91%-1 ~ -j-1, 282 +%

01~-~ 92~ 90~ 91Ys-92 +1,303 +2% 921 -% 91% 92)4 94~-% +784 -2V. 94ft% 94% 92)4 92~-!4 -\-1,028 -ll !!27{-02 93% 91% 917 -% +1,204 .1-L' 927{-% 92% 91V. o·w.-o2 -j-1,11~ .:-'J4 92Yz-% 114\.:i U'l% O:J%--~ +I, ~II .:.10 94~-!4 01~ 92V. 02)<1-V. -j-1, 7Uii! -li 92 z..aA 92)4 91~ 91%-~ +!,500

WHEAT FUTURES 101

'fABJ,B 34.-Daily volume of trading, open commitments, opening, high, low, and closiny prices per bushel of December w~eat futures on the Chicago Board of Trade, Apr. Z2, 1.933, to Dec. 31, 1935-Contmued

Date

1934 DECEMBER FUTURE (OLD STYLE)

Volume Open of trad- commit-

lng ments Opening

price

Range in price

High Low

Closing price


Open commitments

Closing

price

~----1--- --------------1----------

19:14 July 2 ...........•..... July 3 ................ . July& ................ . July fl.. •.•••••••.••••• July 7 ...•• ------------July!L .............. . July Ill.. ............. . July 11.. ............. . July 12.. ............. . July 1L ...........•.. July 14. .•.••.•••••••• July 16.. ..•.•••••••••• July 17 ............... . July 18 .........•....•. July IlL ............. . July ZO .....•••.••••••• July 21. ..••••••••••••• July 23 ................ . July 2L .........•.••. July 2L ..........•••• July 2ft ............... . July 27 ............... . July 28 ............... . July 30 ............... . July :11.. ............. . Aug. L---------------Aug. 2 ............... . Any. 3 ............... . Aug. 1 ............... . Aug. 6 ............... . Aug. 7 ............... . Aug. 8 ............... . Aug. 9 _______________ _ Aug. 10 ______________ _ Aug. 1! .............. . Aug.l3 ______________ _ Aug. 14 ........ ______ _ Aug. lb ______________ _ Aug.1G.. ____________ _ Aug Aug Aug. Aug Aug. Aug Aug. Aug Aug Aug Aug Aug Aug SfJpt Sllpt

~t!_lJ,"_, : :: ::: ~<·r,t •

~~1!1 :: :::::

1,000 buahela

6, 024 3,392 3, 667 2, 480 1,827 3, 139 2, 415 3,616 6, 303 5, 740 4,194 5, 535 6,182 3, 833 3, 098 6,674 1, 998 2, 483 3, 270 2, 615 3,838 l, 491 1, 698 2,012 1, 582 2, 549 2,826 1,546 1, 059 1, 982 2, 228 1, 592 1,280 1, 211 1, 041 1, 607

825 1, 2(15

743 972 450 505 435 724 404 217 175 380 541 182 806 327 144 268 334 526 435 173 201 258 144 496 344 208 184 128 178

1,000 bushela 23,795 24,350 24,957 24,880 25,307 25,745 26,132 26,457 26,901 26,901 26,890 27, 161 27,359 27,340 26,062 24,838 24,447 2.3,816 23,681 22,742 22,055 21,262 20,967 19,825 19,480 18,573 17, 515 16,846 16,377 16,226 15,712 15,018 14,455 13,815 13,233 12,875 12, 227 11,992 11, 224 10, 963 10,751 10,070 0, 756 9,450 9, 336 8, 947 8,872 8, 551 8, 363 8, 299 7, 688 7, 482 7, 456 7, 387 7, 208 7,095 7, 012 6, 879 6,622 6, 567 6, 495 6, 228 6, 128 6,003 5, 026 5, 863 5 815

Cents 91%-% 90)4-90 91%-92 91-90Ys 01-01J1i 906/s-Yz 89l4-Yz 94Ys-95 98-96)/z 96V,.-96 99).-2-99

100Vs-V. 100-99% 102-102)/z 102-102)/z 103'4-104 101)4-101 103-103)4 101-100% 9(}-99)/z

100%-Yz lOOVs-101)4 101 103)4-Yz 103).-2-104 103)4-Yz 105Vs-Yz 105-105Vs 105Ys-% 106).-2-107Vs llOYs-111)4 110%-!4 lllY,-112 112% 107 106)4-105% 107!4-% 104-103% 105)/z 103)4 103Ys 105 105'~ 1061 8 104Ys 104 101% 104% 102Y.-'Va 103)4 103)4 104 1037f-% 102 104 106)4 107 107% 107% 106Vs 107)4 100 105% 103)4 103% 104% 103Ys

Cents 91% 91Vs 92 91% 91% 90% 90)/z 05 98

100 101)/z 101)/z 103 102')4 103)/z 104 102)4 103Ys 101)4 101% 101% 101)4 103 104)/z 104 105% 106V. 105% 107Vs 110% lllYz 112)4 113% 113% 109 107% 107% 104)4 105)/z 104% 105 105% 106)4 106% 105)4 104Ys 105% 104% 102Ys 104% 104 104)/z 103% 104 106Vs 107)1 107'4 108)4 107% 107% 107)/z 100)4 105% 104)1 105Vs 105 104

Cents 89)/z 90 90% 90% 90)/z 89 89Vs 94)4 95% 95Vs 09 99% 99%

101 101Y, 99Ys

100)1 101)/z 99 911 98)/z 99%

101 102)4 102)/z 103)4 104% 104)/z 105% 106)4 108Ys 109Ys 110)/z Ill% 107 105 104% 102)/z 103)/z 102% 103% 104% 105% 105Vs 104 104 104% 103 102?<\ 103)4 103Vs 103)/z 103!/s 102 104 106)4 106 107 106l1 106Vs 10(\Vs 105)4 103~ 103)1 103)/z 103Ys 102Ys

Cents 8Wd1 90)4-Ys O!Yz-% 91)4-Vs 90%-Yz 8(}-89)4 9o-89Ys 95b 96)4-Vs 99V,.-%

100Y.-'Va 10o-99Ys 101)4-Vs lOIV.-Ys 102Ys-% 101Vs-100Ys I02Y,.-Io2 IO!Yz-% 99%-!4

lO!Vs-lOOYs 99!4-%. !Oo-100~ 102Ys-103 103V,.-104 l02Vs-U 1os-1G4% 105V.-105 lOW.-~ 106%-% llOY.-'Va 110Y.-% 111% 1!3)4-'Va 112)-8-lllYs 107a 106Ys-'Va 104Ys-% 103% 103)'8 103Ys-'Va 104%-% 104Ys-105 105Ys-106 105Ys-!4 104!;.( 104Ys 105Ys-105 103)4-103 10234-Ys 103Ys 104 103)/z 103)/z 103Ys-% lOGVs 106Ys

lg~~ lOG% 107>2 l06Vs lOGVs 103% 103~~-% 104Ys 104V. 103fs

1,000 bushels

+495 +555 +607 -77

+427 +438 +387 +325 +444

-2 +262 +198 -13

-1,284 -1,224

-391 -631 -135 -939 -687 -793 -205

-1,142 -345 -907

-1,058 -669 -469 -151 -514 -694 -563 -640 -682 -358 -048 -235 -768 -261 -212 -681 -314 -306 -114 -389 -75

-321 -188 -64

-611 -206 -26 -60

-179 -113 -83

-133 -257 -55 -72

-267 -100 -125 -77 -63 -48

+lVs -%

-1

102 S'l'A'riSTI CAL BULLETIN 54, u. s. DEPT. OF' AGRICUL'l'UHE

TABLE 34.·-Daily vol1tme of trading, open commitments, opening, high, lov1 onrJ closing prices per bnshel of December w~eat fntnres on the Chicago Board of A rule, Apr. 22, 1.938, to Dec. 81, 1.985·-Contmued

1034 DECEMBER FU'l'UHE (OLD S'l'YJ,E)-Continued -----------

Hangc in price Net ehrm~,, frf!rn Pff~vio11~ rh1y

Volume Open Opening --------· Closing Date oltmd- commit-ing ments price Jlrice Optm Cio,.

High Low commit- in1: rnents prke

----- ----- ------- --- --- ------- ----1,000 1,000 /,001)

1o:J4 bushels bushels Cents Cents Cents Cents bu.,hels Cent.~ Sept. 20 ............... 154 5, 721 J(J:l%-%' 104!/z JO:l% 104!-ii -!!1 +I Sept. 21.. ............. 282 s, 255 104 104% JO:lJ.;j 104 -4fl(j -X Sept. 22.. ........ _____ 411 fi, JH3 104% 104% 101 104 -72 Sept. 24 ............... HR r,, 1aa 104% 104% JO:JJ.;j 103J.;j -!ifJ . ·-~~{

Sept. 25.. ............. 237 !i, OOH 102 IOHii 101% 104lii -(ji'.i +X Sept. 26 ............... 12()

·'· [)[)8 10~)1i 104!/z IO:J% 103% -no -Yi

Sept. 27 ......... ------ 70 4, uno J03!/z 104J.;j 103% l03)1i -:m +V. Sept. 28 ............... ::!5 4,1JQ!J JO:J% IO:J%' JO:JJ.;j lOa%' -!-< Sept. 29.. ............. 111 4, !JlO J02)1i IO:J%' 102)1i J(j:J -50 -Ya Oct.!. ................ 32fi 4,n7 101)1i 102!/z 100 100 -IX2 -~1

Oct. 2 ................. 411 4, !j!jfi !J!J 110% 118% 00 -181 -1 Oct. 3 ................. 009 4, 527 !J!J ggy,; 05% Ofi%-~-8 -211 -:H{ Oct. 4 ......... -------- 528 4, 21JI UO!;;f-% 117 01~~ IJflY.(-Ys -~:Sfi +I Oct. 5 ................. on 4, 2111 UO~i 97)1i !10%' !J7J.;j-Yz +% Oct. 6 ................. 8:J 4, 2ri2 07% U7)1i IJ7J.;j !J7J4 -:liJ -\<. Oct. 8 ................. n ~. 242 !17% 07%' IJfiJ.;j !JO% -10 1 -J{ Oct. 9 ................. 180 4, 0211 !lfl% 117)11 06% UGY.( -21:! +% Oct. 10 ................ 14!! a,IJ!IO 1!7%-% UO!/z 117J4 uo~-2 -3!J +2% Oct. 11.. .............. IHIJ :J,IJ!Jfi 100!/z 102% 100% 102% +fi +2% Oct. 13.. .............. ZJO :1,H4fi lOll~ 101)11 00% 100% -41) -1% Oct. 15.. .............. no a, 1101 IOOJ.;j 101 Oil%' Ill!%' -:w -?-;; Oct. 16 ................ :J:l :J, !JOR 100)~ 101%' Ill!%' 101~~ -1-1 -!-1% Oct. 17.. .............. fiM a. 8115 ICJI~i IOIJ.;j 100!/z lOO!/z -l:J -I Oct. 18 ................ g;j :l, 8fl4 !10!/z 100% IJIJ)fj 100 -:!1 -H Oct. 19.. .............. (H'j 3, 8-14 !JIJ!/z 09!/z 08% 08%' -20 -JJ{ Oct. 20 ................ 05 3, 783 !J&Ji-Ya 08% 117!/z 117)4.; -61 -I!~ Oct. 22.. ..... _ ........ :JIJ :J, 780 1!8% ll8% 07J.ii 07~-;t -:1 -!1 Oct. 23 ................ :~g a, 704 !17% 118!/z !J7J4 07% -2G -H' Oct. 24 ................ 24 :1, 7ri2 117% OR% 07% !18 -2 -H~ Oct. 25.. .............. 178 a, n84 IIH% IJH% IJ(;J.;j IJOJ.;j -OH -I% Oct. 26 ................ 04 :l, fl:J7 Hfi~;t !!r.Yz 04!/z Ofl!/z -47 +1'1 Oct. 27.. .............. ao :l, fii:J Ill\ !JO% Ufi% IJOJ.ii -24 -X Oct. 20 ................ 01 :1, f>60 IJO IJ() 1!4% 05 -·17 -I!'~ Oct. 30.. .............. :J2 a, MH il4~~ or, 111%' !J5)1i·IJO -18 -f-1 Oct. 31.. .............. fi5 :1, fi07 !J!l~-8 or.Ys O!i !JfiV, -41 -·H Nov.!. ............... J50 :~. r,aa !lfHB 117%' or.Ys 07%' +Zfl +2l1 Nov. 2 ................ 71 a, fiOO flO~~ 00% IJ!J 1111% -aa +I% Nov. 3 ................ 15(1 a, afit UO~il !J(J% OR%' 08%' -111! -% Nov. 5 ................ 70 :1,2111 !18 08% 07% 118%h -f)fl -~~

Nov. 7 .... ------------ J:l8 3, 212 !JH~~ 100)1i OHJ.;j 100)1i -71! tzH Nov. 8 ................ 127 :J, 01!4 JOO% 100)1i IJO!/z 1!11!/z -!IX -H~ Nov. 0 ................ lfi7 :1,070 IJ!J?~ JOOY.( IJ!J% 011)1i -24 +% Nov. 10 ............... ll :1,080 HJOh~ 100!/z IOOV. 100)11 +W +!ii Nov. 13 ..... ---------- :18 :1,051 1111% IIIOV. 00 lOOJ.ii -20

-72 Nov. 14 _______________ fiO :l, 017 OIJ~~ JOOJ.;j IJ!JJ.;j UO% -:l7 Nov. 15 ............... 73 a, ooo !J!Ilii 101% uov. 101V. -17 tlh Nov.l6 ............... 81 2, !Jal 100~~ 101% 100!/z 100!/z -01! -% Nov.17 ............... Oil 2,1118 lOCH~ 101J.;j 10IIJ4 !01 -I:J +% Nov. 19 ............... 42 2, 8116 toll~ 101%' 101 101 -22

-~it: Nov. 20 ............... 8:l 2, 820 IOC)J~ 100%' ooy,; IJ!JY. -fi7

-l< Nov. 2L ............. 140 2, 7:J:J HR~4 !JO !JH !lfHI8)1i -!Jfl -;{ Nov. 22 ............... 1!H 2. 011 !I!Jlii 110!/z U8J4 U8J.;j -nz -~~ Nov. 23 ............... 4:l 2, (107 on~ 08J.;j !17% U8J.ii -4

+I!' Nov. 24 ............... 2r;4 2, 301 08~~% IJ!JJ>\ 08% OQJ.;j -2lfl -H Nov. 2fJ.. _____________ 5R 2, :Ha 0!1 OOJ.;j !JHJ.;j 118% -1X +';

Nov. 27 ............... 1114 2, 247 HH% 110% 08% !JIIJ4-% -!Jfi

~~~:: Nov. 28 ............... an l,IJflfi !JIJ% 100% U!J% uo:v. -2XZ Nov. ao ............... 1,018 I, 015 IJR% OUJ.;j 118 08)/..-% -9!lfl Dec.!. ............... 2l:J 1104 !18)1i fJ!J%' UH)1i O!J%' -Ill +Jl1

Dec.:! ................. !)0 7!i5 100% 100!/z UOJ.;j OOJ.;j -140 -h Dec. 4 ................. 71 H7!i 100 100 H0)1i IJ!J)1i -HO +%

Dec. 5 ................. 44H 421 JOO!~· ~~ 103%' lOOJ.;j 103 -2M +1'{ -J!j:~ -I

Dec.6 ................ ~81 208 102V. 103 l01)1i J02 -V< Dec. 7 ................. 40 202 102%' 103% 101% 101)1i -fifl -h Dec. 8 ................. 6 1!15 101% 101% 101!/z IDW...-Yz -7 -h Dec. 10 ............... 12 l!J(j IOIJ.;j 101% 100!/z 101J.;j +I -H Dec. 11 ................ 10 l!Jl 100% 100% 100% 100!/z -!) _14 Dec. 12 ................ J6 184 100!/z 100!/z lOOJ.;j IOOJ.;j -7 Dec. 13 ................ • 1 104 100}.2 100!/z lOOJ.;j lOO)i -20

• Round-lot trading not reported.

WHEAT FU'rURES 103

'fAHJ,g 34.--Daily volume of trruling, open commitment.~, ope_ning, high, lm~, and clo-~in(J prices per bushel of Decembe; w~eat future.~ on the Chwago Board of Trarle, Apr. 22, 1983, to Dec. 81, 1985-Contmued

J)ate

1034 DECEMBER FUTURE (OLD B'rYLE)-Continued

Volume Open or trarl- commit-

inK ments

Opening price

Range in price

High Low

Closing price


Open I Closcommit- ing ments priee

-------1---------1934

Dec.1L ...•...•...... Dec. 1"---------------JJcc. 17.---------------f>cc. 1R ______________ _

Dec. 19 ... -----------JJcc. 20.---------------Dcc. 2L--------------Dec. 22 .•.• -----------Dec. 24----------------Dec. 2fL. .• ----------Dcc. 27---------------Dec. 28 .. --------------Dec. 29 ________ -------D,:c. at. ______________ _

1,000 bushels

0 1

14 1

10 1

2(; 0 0

15 40 12 ll 96

1,000 bushels

148 146 138 13G 126 125 108 108 107 R9 99 88 04

Cents 100%

09)1

!)8

07 D8Y, 08)1 98Y. 97Ys 08% !J8){ U7%

Cent.s IOOYs

('J 09)-{ (')

98 (')

07Y. 98% 98)-{ UBY. 98% U8Yz IJ8){ 08%

Cents lOOy,j

08% ··uw.-:-u·----

1031 DIWF:MBEH FU'l'URE (KEW S'l'YLE)

1034 July 2________________ 3, 408 1, 530 Jt!lya________________ a, 724 2.~15

July"---------------- 5, 4CHi 5, 101 July r,________________ 4, 741 7,170 July 7_________________ 2,180 7, H7:l July 11. _ -------------- 4, 053 u. nn July 10.______________ 5, 205 11, 77fi .July 11.______________ fl, 401 14, 118 July 12_______________ 12.044 17, :1~2 July 13. _ ------------- 12, 2fi5 20, :w; July 14_______________ 13,001 24,142 July w_______________ 12,314 27,202 July 17.______________ 18,223 32,•101

~~~~: :[:::: !tl ~~ J::lY~--------------- 12,02G fiR,251

l~I:l : ~: ~~~ ~~ Au~:~----- 34,854 80, 24G

Ill !1 : :::\1 ~~~ ~~~ ~~~ ~_-:_:::\ : ~~ m ~~m

------ 7, 070 88, 650

; ~~text for explanation. otnCJal quotations recorded.

01'~-~,~ X9Y,-OO}g o1ry;;-oz IJIJ{-fJO% fJI U034-Yz ROJ{-Y, IJ4l; 118-1!57 '' 00~~-0li OO~K--1!1!

JOOV.-1110 100-9018 102-103 1112-102)/z 103%-104)1 101){-100'{ 103-IO:lJ,2 101)1-IOO% UU%-(JIJ

101)4-100)/z 100%-101){ 100%-101 103)1-% 104-103)/z 103)1-Yz 105'4-100 105)1-101~4 Jll53i-106 106Y:.-109 110%-111)1 1101;i-J{ 112-1m{ 113-112)/z 100-107 IOfl){-105)/z 107%-% 104-103~· 105-105)/z 10:!)/z-103 I03H-7 ,.

1017.H05){ 105%-100 106-106% 105-10H~ 104)1-104 104%-%

OJ'' 91!'( 92 IJI ":i 01)4 !JO% UO% !14;. 1!8

100 101!; IOOYz J():j

10:1 103% IO·I!i 102~ i 1037 i 101)1 101?ii JOJ1i{ 101~4 103 104J,~ 104 105% 106\i 105~:i 107~-H 1107--R 111)/z 112)1 113)1 113% 100)1 107?;!'

:gm 105H 104 3 8 105! ~ 105'' JOB% 106% 105% 105 105%

(,000 1

bn•hel., 1 Cent• -Hi I +% -21_ -8

-~~I -1 -

-17 I

-1 -18 +J-2 +10 -'{ -11 -24 -% -~4 -%

i +I. s:Jo ~--- __ . _ +J,~.1 +H -l-2, 340 + [l.f -1-2.oti! 1 -'1

-Hm4, _1,<~

-l-1,8621 -)J,~ -l-2. 040 +'4 -l-2. 3-t:l ' -1-S -l-3. 2fl4 -l-1'' -l-2,11r.:l -1-3\4 -l-3, 7117 +':( -l-3. 120 -\{ -J-.1,11111 -1-l!:i -l-1,8!11 +Y.--I-3,U!l:l -l-1 -1-5.32:1 -1\i +2. non -1-1\{ -1-:J,Oio -''• -1-:J, 172 -2\{ -l-2, 33fi +li~ -I-1,7Gl -1% -I-1.02R -1-l1i

-l-668 -1-27 !! ·H. or.:1 -l-1 -1-2,115:1 -1!4 +2. 2:~5 +2;\ ~ -1-:J.-14:1 -1-\i -1-1. 178 - 11 -1-:J. 157 +2 -l-3, 568 -1-:1%

-f-6(17 +'11 -1-701 -1-l

-1-l,f>IK -H~ -1- i.!J7l - I !4

+4!l4 -5 -l-1. i211 -!4 -l-1. 225 -2

-722 -l -1-76~ -f-250 -3.14 -l-22·1 -74

+225 -1-284 -l-290 -l-446

-'-11 +IYz +!1

-1-1 -v. -I +-·~ +Vs


TABLE 34.-Daily volume of trading, open commitments, opening, high, low and closing prices per bushel of December wheat futures on the Chicago Board of Trade Apr. 22, 1933, to Dec. 31, 1935-Continued '

1934 DECEMBER FUTURE (NEW STYLE)-Continued

Range in price Net chango from

Volume Open preVIOUS day

Date of trad- commit- Opening Closing ing ments price price Open Clos-

High Low commit- lng monts price

------ -----1,000 1,000 1,000

!934 bushels bushels Cents Cents Cents Cents bushels Cents Aug.?:/ _______________ 13, 570 88,976 104% !04Vs 103 103Y.-103 t317 -2 Aug. 28 _______________ 11, 390 89,703 !02%-% W3 102)4 102%-Ys +727 -)4 Aug. 29 ••• ------------ 12,091 89,835 !03)4-% 104% 103)4 103%-Ys t132 tl Aug. 30 _______________ u. 591 89, 617 !03Y.--% 104Vs 103 103Ys-104 -218 +!4 Aug. 3J. ______________ 11, 500 90,316 104Y>l-103Ys 104% 103% 103%-Yz -l-699 -)1 Sept. J. _______________ 4,860 90, 709 103Yz-% 103% 103Ys 103Y:r% +303 Sept. 4---------------- 11, 819 90, 510 102%-102 104Vs 102 !04-103~ -199 ---+% Sept. 5 ________________ 1Q, 686 88,634 104-104)4 106)4 103% 106-!061s -1,876 t2V, Sept. 6---------------- 20,744 86,957 106)4-Y, 107Y, 106)4 107-106% -1,677 -1-Y. Sept. 7 ________________ 24,754 83,620 !07)4-lOOYs 107% 106 !07%-% -3,337 +Y. Sept. 8 ________________ 12,517 82,307 107%-Y. 108)4 107 107%-)4 -1,313 -Yz Sept. 10 _______________ 11, 453 81, 780 107-107Ys 107Vs 106% 106%-% -521 -)1 Sept. 11.-------------- 13,430 81,144 106%-106 !07% 106 !OW.--"/s -642 HI Sept. 12 _______________ 13, 26fl 80, 185 107%-Yl! 107% 106 106Y.-J4 -950 -1!4 Sept. 13 _______________ 15, 220 79,660 !06-106)4 106)4 105)4 106-106)4 -525 -Y, Sept. 14--------------- 20,751 78,912 106)4-Ys 106% 103% !03Ys-% -748 -2% Sept. 1o _______________ 9, 922 78,318 103%-)4 104% 103)4 103%-% -594 --+i .. Sept. 17 _______________ 11, 069 77, 755 103%-% 105)4 103% 104Ys-% -563 Sept. 18..------------- 8, 681 76,820 !04Yl!-"A 105Ys 103% 104%-)4 -929 -)1 Sept. 10.. _____________ 12, 038 75, 112 1039/..-Yl! 104Ys 102% 103Ys-J4 -1,714 -1 Sept. 20 ______________ 9, 173 74,619 10:l%-% 104% 103% 104V.-J4 -493 -l-1 Sept. 21.. _____________ 7, 925 73,948 103V.--101Ys 104)4 103Ys 104-104Vs -671 -!4 Sept. 22 ______________ 4, 060 73,473 104)4-% 104% 103Vs !04-J03Ys -475 ---::ji Sept. 24 ______________ 6, 817 72,785 104Vs-104 104% 103)4 103%-)4 -688 Sept. 25 _______________ 11, zoe 71.279 102Y:rlOIYs 104)4 101% 104Y.-J4 -I, 606 -l-1 Sept. 26 _______________ 9, 529 70, 670 104-103% 104% 103)4 103%-Yl! -609 -u Sept.?:/ _______________ 7, 689 70,255 1039/,-103 104% 103 104-103% -415 t% Sept. 28 ... ------------ 6,163 69, 574 103%-)4 104 103Ys 103%-9-j -681 -Ys Sept. 29 _______________ 8, 758 68,626 103Ys-102Ys 103% 102% 103-102%: -948 -Y. Oct. 1.---------------- 17,918 67,410 102-101%: 102% 100 100-IOOYs -1,216 -2Ys Oct. 2----------------- 22,305 64, 942 99Y:r99 99% 98% 99!/g-99 -2,468 -I Oct. 3 __ -------------- 19, 535 63, 367 98%--99 99)4 95% 95Vs-% -1,575 -3!4 Oct. 4. __ ------------- 27, 145 60,638 90)4-Yz 97Ys 94 96%:--97 -2,729 -1-IYs Oct. 5. __ ------------- 12,616 5H, 505 97-96Ys 98 96% 97%-Yl! -I, 133 t% Oct. fL-------··------- 8,371 58, 412 97Y.--98 98)4 97 97)4-% -1,093 -!4 Oct. 8----------------- 8,130 57, 775 979/.--% 98 96Ys 96%-Yl! -637 -u Oct. 9----------------- 8, 833 57, 199 96)4-96 97% 96 96%-:V. -576 -1-!4 Oct.JO _______________ 16,973 56,748 97Y..-% 99% 97Ys 9W.--~ -451 t2U Oct. 11. __ ------------ 20,798 55, 855 lOOYs-% 102)4 100Ys 102-102 .. -803 t2% Oct. 13 _______________ 8, 334 55, 593 101-IOOYz 101 99% 1009/..-Yl! -262 -1% Oct. 15 _______________ 7, 400 55, 257 !OW..-'4 101)4 99% 99V.-100 -336 -Y, Oct. 18. _ ------------- 1r, 446 54, 983 99%-100 102 99!/g !OW.--% -274 tJY, Oct. !7 _______________ 7, 793 55,067 101-101)4 101% 100)4 100%-!4 t84 -1!4

Oct. !8.--------------- 9, 898 54,800 99Y.--J4 !OOYz 99 100-99Ys -267 -!4

Oct. 19--------------- 10,842 53, 759 99%-Yl! 99% 98)4 98Ys-% -I, 041 -1!4 Oct. 20 _______________ 8,817 53,019 98)4-98 98% 97)4 97)4-% -740 -IY, Oct. 22 _______________ 6, 957 52,002 97%--98 99 97 97-97)4 -I, 017 -Ys Oct. 23 _______________ 5, 156 51,230 97Y:r% 98Y, 97 OW..-Yz -772 +% Oct. 24--------------- 4, 177 50,454 98-98!/g 98Y, 97% 98Ys-98 -776 +Yz Oct. 25--------------- 6, 821 50,070 98Yz-J4 98Y, 96)4 9W.-J4 -384 -Hi Oct. 26--------------- 10, 538 48,450 95%-Yz 96% 94% 90J/z-% -1,620 Hi Oct. 27 _____ : ______ c __ 2, 874 47,908 90%-Yl! 98% 95Ys 96!/g-96 -544 -l-4 Oct. 29 ____ ----------- 6, b52 46, 905 96Yz 97 94)4 95-94Ys -1,001 -I

Oct. 30. __ ------------ 6, 763 45,727 94%-% 96 94% 95Ys-96 -I, 178 tl Oct. 31__ ______________ 5, 837 44,466 95Y.--% 96 94% 95%-Yl! -I. 2Dl -~ +21, Nov.]_ ______________ 7, 973 43,745 95Ys-96Ys 98 95% 97Vs-% -721

t1Ys Nov. 2---------------- 7, 224 42, 128 98-97% 99Y, 97% 99%-J4 -!,617

-J.i Nov. 3---------------- 3, 755 41, 534 999/.-Y. 99Vs 98% 98%-% -594

-1,204 -~ Nov."---------------- 5, 324 40, 330 98)4-Y, 98% 97% 08)4-% t2'• 1\ov. 1---------------- 6, 601 38, R59 98%-Yl! 101 08 !OO:V.-101 -1,171

-IV. Nov. 8---------------- 5, 493 37, 640 101-100% 101)4 09)4 00%-J4 -!,319

+~ Nov. 9---------------- a. 906 36, 674 99%-% JOO% 90% 99%-Y. -866 Nov. JO _______________ 1, 556 36, 154 00%-Ys IOOY, 00% 09%-!00Ys -520 -h Nov. J3 _______________ 2, 910 35, 450 OW.--% 100)4 98Vs 100)4-100 -704 +Ys

-607 -H Nov. 14--------------- 2, 273 34,783 10D-99Ys 100)4 09Ys 09%-% t1V. 1\ov. 15 _______________ 4, 653 33, 304 909/,.-7:£ 101Y, 99 101Ys-101 -I, 380

-~ Nov. 10--------------- 3, 681 32,438 100%'-Ys 101Y, lOOYs 10Ws-IJ. -960 +~·I

1\ov. 11--------------- 2, 229 31,650 100)4-% 101)4 100Ys 101Ys-J4 -788 -!4 1\ov. 19. ______________ 2, G34 30, 608 100%-% 101Ys 100% 101-101Ys -1,042

-JY. Nov. 20--------------- 3, 753 29,310 100%-Yl! JOOYs 09 99Ys -1,298

WHEAT FUTURES 105

'TABLE 34.-DaiZyTvoZume of trading, open commitments, opening, high, Zow, and closi·ng prices per: bushel of December wheat futures on the Chicago Board of Trade, Apr. 22, 1933, to Dec. 31, 1935-Continued

1934 DECEMBER l!UTURE (NEW BTYLE)-Contlnued

Date

1934 \'ov. 21.. ...••••.•••.. Nov.2L •....•.••.•.• N'f1V. 23 ....................... !\ftJ\', 24 _______________ :-<ov. 2L .....••.••••. Nov. 2i _______________

Nov. 2~---············ Nov. 30 ...••.•••••••.• Dec.!. •.••.•.•••.•••. Dec. 3 ...•••••.••••••• Dec. 4 .•.•••.•..•••••• Dec. 5----------------Dec. 6 .••.•••••.•••••. Dec. 7 ••.•••.••.•••••• Dec. 8 ••..•...•.•••••• Dec. ICJ .•.••.••.•..••• Dec. ll ••.•••••.•••••• Dec. 12 ••.•.•.•.••.•.• Dec. 13 ...••••••••.••• Dec. 14 ..•.•••••.•.••• Dec. 1~ ..•.•••••••.••• Dec. 17 ••••..••••••••• Dec. 18 ••...•••••••.•• Dec. 19 ....•.••.•••••• Dec. 20 •.••••••.••••••

~ l::::~::~:~:~~: lfi3&

~11 ay 2 .•..•••••.•••.•• ,, ay 3 .•.••••••••••.••

~ 11 ~ ::::~ ::~~,j~:: Ma~ u···············

~~~ r::::::::::::: May!;;···············

~=~if:::::::::::: May 21···············

Volume of trad-

lng

1,000 bushels

4.189 2,527 3, 770 I, 600 3, !33 3, 968 6, 779

ll, 809 3,410 3, 214 3,163 3,932 2,648 !, 669

566 I, 161

664 422 538 289 292 714 395 466 611 556 149 101. 90

253 659 507

1, 137

168 25 6

16 6

178 200 162 26 11

105 91

116 162 10

1,607 I,290

901 637

1,608 1,452 1,497 1,620 2,224 2,644 3, 795 3, 715 2, 913 2, 376 2,667

Range In price Open Opening commit-ments price

High Low

1,000 bushels Cents Cents Cents 28,019 98Y:rl4 99!4' 98 27,376 99Y.-J.i 99% 98 26,051 91V.-% 98)4 97!4' 25,402 99-98% 99J.i 98% 24,607 100J.i-U 100)-i 98!4 22,649 98J.i-"A 99J.i 98!4 19,030 99V.-J.i 100% 99)4 13,!87 98~-v. 99% 98 11,633 99Ys-99 100 99 10,952 100)4-~ 100~ 99!4' 7,859 99-9871! 100 98% 6,117 100)4-~ I03V. 100)1 5, 208 102% 103J.1j 102 4,222 102%-% 103% 101!4' 3,927 101Y.-102 102!4' 101% 3, 562 101% 10I).i IOO% 3,006 100~-% 100~ 100)4 2,764 100)4 IOO% 100 2, 636 IOOJ4 100~ 100)4 2,302 IOOU 101J.1j 100% 2, 221 10071! I01).i 100 2,095 100-99% 100 98~ 1,984 99% 99% 98% 1,463 98% 99)4 97)4 1,137 9W.-J.i 97% 97

918 07 98 96% 799 98 98% 97~ 779 98% 98)4 9771! 769 98)4 99 98)4 675 98% 98)-i 98 679 98)4 98% 98J.1j 433 98% 98J.i 97~

------·-- 98-97% 98% 97%


133 153 163 I 53 162 330 475 566 560 570 630 700 809 969 969

1,830 2, 510 2,938 3,139 3,646 4,259 4,803 6, 384 5, 727 5,938 7,070 7,665 7,986 8, 668 1), 338

··iia;r······ 92)1 93 92)4-% 92Y.-~ IJOU-% 90% 90 89~-90 88~-88 85!4'-84)1 86%-% 86~-86 87-86% 86%-}2

99)1 99)1 98% 98)1 97% 98 98 98J.i 98 06% 95)1 96% 97J.1j 96!4' 93)1 94 93!4' 93% 93~ 92~ 91 91~ 90% 90% 89!4' 86 86,% 87% 87!4' 87%

99V. 99)4 98% 98J.1j 97% 97)4 98 97)1 96% 95% 95J.1i 95J.1j 96)1 94% 93)1 92% 91% 92% 92)4 91% 90~ ooy,; 89% 87~ 877!! 84 85 86~ 86% 86%


Closing price Open Clos-

commit- ing ments price

--1,000

Cents bushels Cents 9Ws-!J9 -1,291 -% 98-98~ -643 -1 98)1-~ -1,325 +U 99%-J.i -589 :!:ftf 98%-U -856 99:V.-J.i -1,958 +I~ OOY.-'.4 -3,619 -~ti 98%-% -5,843 99Y.-100 -1,564 +1% 99!4 -681 -~ 99Y.-100 . -3,093 +~ 102Y.-~ -1,742 +2·~

102%-102 -909 =~ 101%-"~ -986

101~ -295 -u 101 •-% -366 -u 100~ -556 ~~ IOO 8 -242

_, IOOJ4' -229 +% 101-101% -233 +~ IOOJ4' -81 -1~ 9BY.-% -126 9871! -111 +% 97!4-% -521 -I~ 97% -326 +· 97% -219 +J1 98)4 -119 +% 98Ys-U -20

···:g~ 98% -20 98% -84 -% 98% +4 ··-:.:% 98-98% -246 97%-)1 -433 -u

+133 ··-···+20 ···--·-

-·------------ -------·············· -1 ...... . ·····-······-· +178 ......... . ••••••••••••.• +146 ·····-· ····-········· +91 ···-··· ............•. -6 ...... . .••••••••.•••• +10 ••••••• ··--······-··· +60 ••••••• ·-············ +70 --····· •••.•.•••••••• +109 ···-··· ••·••·•••••·•• +160 ...... .... ··92%········ ···+siii. :::::::

93!4'-J.ii +680 ll2Vs-J.i +428 93M-!-1i +201 91~% +606 90%-J.i +614 90~-% +644 ...... . 90)4-V. +681 --2~ 87Y.-% +343 }11 87Ys-J4' +211 -J1 86%-V. +1, 132 -1)1 85~)1 +596 - )4 87%'-~ +320 +1% 87-87Y!i +673 --~ 86)1 + 780 }11

106 STA'riSTICAL BULLETIN 54, U. S. DEP'r. OF AGRICULTURE

TABLE 34.-Daily volume of trading, open commitments, opening, high, low and closing prices per bushel of December wheat futures on the Chicago Board of 11'rad~ Apr. 22, 1933, to Dec. 31, 1-935-Continued '



Volume Open previous cl!iy

Opening Closing ------------Date of trad- commit· price price ing ments Open Cios-IIigh Low commit- ing

ments price ---- --- --

1,000 1,000 1,000 1936 bushels bushels Cents Cents Cents Cents bushels Cents

June 7 ................ 2, 650 9, 556 86V.-% 86% 85% 85)4-Y, +218 -1'1 Junes ................ 2, 586 10,101 85-84% 86V. 84% 86-SOY, +545 +% June 10 ............... 1, 70!) 10, 516 86 86% 85% sov. +415 +Vz June 11 ............... 1,.542 10,1180 86% 86% 86 86)4-% +164 -'1 June 12 ............... 4, 097 10, 945 80-85% 86 83V. 83Vz-% +205 -2% June 13 ............... 5, 400 ll. 8(l(j 83-82)ii 83\1 81V. 81%-% +921 -1)', June 14 ............... 4, 132 12,458 82-82y,j 83% 82 83!4-Ys +502 +H2 June 15--------------- 3, 077 12, 384 83)/s 83Y, 81% 81)ii-82 -7··1 -1'1 June 17 ............... 3, 060 12,720 82V~r)4 83 81)ii 82)ii-83 +3:!6 -j-1 June 18 ............... 4, 621 13, lO:l 83% 84V. 83V. 8•1!4 +3R3 -l-1!{ June 19 ............... 4, 052 l:l, 657 83%-V. H3% 82V. 82V.-% +554 -1% June20 ............... 4, 78!i 13, 910 81%-V. 83V. 81Ys 83%-V. +2.1:! -j-1 June 21. .............. a, 535 14, 2111 83V.-% 84% 83 84-83)ii +381 +!! June 22 ............... 2, 447 14, 460 83%-!4 83V. 82% 83-82)ii

+too I -1 June24 ............... 3, 434 14, IJ:JO 82!4-Ys 82)ii 81)ii 82;j-V. +476 -V, June 25 ............... 3, 478 15, :Hi I 82!4-Ys 82% 81% 81)ii-82 -t-415 -% June 26 ............... 4,800 lG,Ili3 82-Hl% 83% 81% 83%-!4 +812 +IYz June 27 ............... 3, 002 J(S, 5111 82%-83 83)4 82V. 83%-!4 +t~~~ 1""+4~ June 28 ............... 12,448 17, o!i7 H3Yz-lj 88 83V. 87)ii-88 June 29 ............... 7, 030 17,708 87J,h~ BOY, 86% 87%-Ys +151 _,, July L ............... 11,101 17, 410 87%-% 90% 87% 89%--% -292 +2 July 2 ................ 0, 703 18,050 80 90Y, 88 8U)/s-88)ii +640 I -X July 3 ................ 7, 21J4 18, 2311 88%-V. 90 88V. 89-88Ys +180 -----·· July 5 ................ 11,258 18,854 86Y,-85\1 86)1 83Ys 83)iia +618 ,_, July 6 ................ 10,387 HI, or,r, 83-82% 83V. 81 81%-% +201 -2!( July 8 ................ 8, 5:JI 10,580 82\1-V. 83V. 81Ys 83)/.--!4 +525 -j-IV, .fuly 9 .. -------------- 15,228 20, fi(i7 84-8-1!4 87 84 86Ys-87 +987 +3% July 10 ............... JO, 8•16 21,820 80%-% 87V. 85Ys sov.--% +1, 262 -'1 July 11 ............... 12,4411 za, 5f>2 84-83V. 85V. 83V. 85)/z-)4 +1. 72:l -I% July 12 ............... 7, O:J3 24, 280 85%-Ys 8-5% 83V. 83Vs-V. +i37 -lli July 13 ............... H, 035 24, 472 8:J)/s-83 83Y, 8l)ii 82V.--)4 +183 -lh July 15. -------------- 12, 770 25, as4 83!4-V. 85% 82Ys 84)4-'/s +912 -1-2 July 10 ............... 9, 1011 25, 87:! 84)ii-85 85)4 83V. 83%-Ys +489 -!·~ July 17 ............... 13,004 27, 552 84V.-% 87 84V. 86Y,-Y, +1.679 -j-2);, July 18 ............... lO, 715 28,072 81iV.-% 87!4 85Y, 85!4-Y, +1, 120 -1 July 19 ............... 8, :m 20, 201 811-86)4 80!4 85V. 85V.-% +589 +Yi July 20 ............... 5, ·180 20.752 85%-% 86Ys 85 86%-lj +491 tH:I July 22 ............... 10,830 31, lfi[) BZ!4-V. 88V. 87 87)/s-!4 +l.403 +Yl July 23 ............... 13,014 :Jl, 38:J 88-88>~ 88Y, 85)/s 86-BOY, +228 -1!4 July 24 ............... 8, 003 32, 331i 86%-V. 87% 80 87V.-% +95:l +lVz July 25 ............... 14,27:l 33,4114 87Y,-87 89% 80% 87!)/a-% +1, !58 Hi July 20 .. ------------- 18,020 35, 1211 87%-% fllY, 87% 90%-91 +1, 635 +31« July 27 ............... 19, 873 34, ll08 ll2·91V. 05% 91V. 94)/s-!4 -131 +3% .July 29 ............... 19, 283 :m, 112 o:JY,-03 95% 93 03)/:r% +J.444 -X July 30 ............... 18, (l5fi 38, HOO !l2V.-% 04 02% 92Ys-% +2, 367 -% July 3L .............. 25, zna 41, 607 ll3Ji-% 117)/s 93)4 9/i)ii-% +2, 708 -j-3

Aug. L ............... 17,774 4!,815 IIOY,-fl7 97)/s 04% 94Vs-% +208 -H{ -2 Aug. 2 ................ 18, 70:! 42, 342 IH)-i-04 04% 91)ii ll2Va--% +027 -~{ Aug. 3 ................ 11,3211 43, 340 02%-% 03% Ill% Ill~-% +008

+I% Aug. 5 ................ 13,011 41, :l!J6 111%-92 04 Ill% 031 z-% +I, 050 w Aug. 6 ................ 15, (128 4/i, 740 111-04)4 114% 92!4 02V.-% +J.:J50 - /~

Aug. 7 ................ I7, 181 4S, 581 !l2Y,-Ill)ii ll3V. m>Ys 92!4-V. -16fi -l-~

Aug-.8 ................ 13, 70:l 45, 707 02%-% 03 OO)ii 01%-92 +120 -~i +% Aug. 9 ................ 0, 450 411, W7 02)4-Y, 112)ii OJ% 92%-V. +460 -I Aug. 10 ............... lfl, 5Uil 40,478 04-03Y-;i 04V. 91% 91V.-% +311 -tH Aug. 12 ... _ .......... 21, 5fl:l 47, 70:! fltV.-02 92 B!lV. 81l)ii-% +J. 225 -1

Aug. 13 ............... 15,718 48,181 8fly,j-88Ys BOYs 88% 88%-Ys +·178 Aug. 14 _______________ 14, Ofl5 48, o08 80-88% 89% 88Y, 88%'-Ys +:l27 ·---~i~ Aug. 15 ............... 11,684 47, Boa 80-811!4 110% 8fl 89%-V. -6fi5

+1-~ Aug. 16 ............... 14,853 48, 2/ili 00-00y,j llOYs 89% OOYz-% +103

-~Y.i Aug. 17 ............... 11, 74:J 47, 8•10 IIOY,- ~:i IJ0\1 88% 88%-!4 -·116

-Y~ Aug. 10 ............... 14, 303 48, 50H 88V.-~ 89 87% 87~-~ +liOK

-j-2 Aug. 20 ............... 11,797 48,580 87%-~i 89% 87% 896 .--%' +72 +2!'i Aug. 21. .............. 23,530 50, 188 80%-00)4 92\1 89% 91%-92 +J.60~ -I Aug. 22 ............... 17,052 50, 100 01%'-02 02!4 00% OOl/s-91 -82

+~-~ Aug. 23 ............... 18,740 51, 05U 00~~-hi 92% 90 91%-% +!,553 _,, Aug. 24 ............... 8, 882 52, 005 91Y,-J4 01% 90V. 91-llOYs +t:lfi[ -!'~ Aug. 26. ______________ 11,8411 52, 8:l:J 91% Ol)ii 00!4 OOV.-% +738 I -Y:J Au . 27--------------- 13 401 G3 210 90' _] 01 893 90-89Ys +477 g %Ys

• WHEA'l' FU'rURES 107

TAJn,E 34.-Daily volume of trading, open commitments, opening, high, low, and closing prices per bushel of December wheat futures on the Chicago Board of Trade, Apr. 22, 1933, to Dec. 31, 1.935-Continued

Dale

19:l5 Aug. 28.--------------Au~. 20 ______________ _ Aug. ao. _____ ---------Aug. 31 _______ ---------~ept.L.-------------Hcpt. 4 _______________ _ Sept.!) _______________ _ ~opt. 6 _______________ _

Sept. 1----------------~epl. o _______________ _ HepL. 10---------------Hepl. JI ____ -----------Sept. 12 .. ____ --------Scpi.IL ____________ _ Hcpl. 14 ______________ _ Hcpl. 16 ______________ _ ~opt. 17 ______________ _

Sept. IH ...... ----------Hcpt. IU _____________ __ Sept. 20 ______________ _ HcpL. 21. .. ___________ _ Sept. 23.. ____________ _ Sept. 24__ ____________ _ SCJlL 25 ______________ _ Sept. 2L __ -----------Sept. 27.. ____________ _ Sept. 28 ______________ _ Sopt. 30 ______________ _ Oci.L ______________ _ Oct. 2 ______________ __ Oct.L ______________ _ Ocl.L ______________ _ Oct.!i ________________ _ Oct. 7__ _____ ---------

g~LL::::::::::::::

Nov.1--


Volume Open of trad- commit-

log ments

1,000 bushels J4,204 11,743 !0, 026 11, 668 9, 512

14,086 17,848 18,128 17,751 14,:379 12, 780 17, .)09 15,674 14, 306 10, 340 25, 181 38, 694 28,308 31.598 31,101 12,440 15,125 14,561 17, S8! 10. 7\JO 18,409 7, 552

w. 024 28, 755 47, HfJ5 20,862 21.330 26, 467 19,902 19,526 16, 21G 11, 231 15,501 !U, 630 J.l, 717 32,947 19,665 16, 383 18. 666 o. 368 7, 68(1

11,043 10,969 8, 989

II, 047 13,743 15,284

7, 097 6,119 3, 818 4,135 3, 316 .5, 206 a. 119 7, 832 8, 519 2, 376 5, 937

10, 191 6, 988

1!, 303 3, 369 5, 745 4, 957 2, 716

1,000 bushels 53, 7m 55, 181 56, 8.54 50, 117 50,799 60,417 60, 109 59,219 57, 859 57,939 57, 384 56,018 56,070 56, 512 56,871 57,340 .56, 495 55,721 55, 445 53,086 53,297 52,93.1 52, 544 51,840 51, 166 51,000 50, 457 50,501 49,747 47, 804 46,770 46,208 46. 433 45, 037 45,252 44,897 44,233 43, 654 42, uao 43, 509 43, 273 43,717 44, 551 43,879 48, OfJ7 43,610 48,714 42,800 43, 171 42, 347 40,940 38, 355 38,031 38,089 37,619 37, GO! :37, 530 37. 721i 87,289 35,958 84,641 34, 679 33,756 31,475 31,363 30,732 30, 528 30,455 30,065 29, 581

Opening price

Cents 90)i'-% 89Yz-)i 89-88% 88%-80 OO)i'-V. 90-90V. 91)i'-V. 92Y.--% 94V.-9:H-8 94V.-% oav.--v. 94-94)i' 93%-Y, 92%-)i' 94-94)i' 94)i'-V. 96V.-97 99)i'-98Y,

100-101V. 101-100% 99V.-99 98Ys-V. 98V.-)i' 98f2-% 98Ys--% 98V. 98% 98Y,-90

100-100!1 J03Y..--% 107Vs-106H 10SJ"zl05 106/'2--% 107~-v. 106%-% 104%-10[,).{ 105V:r10U 104%-% 104)i'-104 102V.-% 104Ys-% 101)i'-V. 102%-103 101-99% 100%-101 100V.- )i

i~~o6k 100-100!~ 99Vs-% 98%-% 97)4-97 97Ys-% 97%-98 D8~'8-Y2 98--97% 08)i'-98 08-97% 97V.-% 98)4-% 95?/s-% 96)1i 95)i'-95 93y,-% 94%-% 94%-% 96)i'-% 95%-}'8 96V. 97H

Range in price

High

Cents 90V. 89% 89)1i \JO)i' 90% 9J)i' 92% 03)i' 94% 94% 94V. 94% 93% 94V. 94% 95% 99% 99%

JO!Vs 101 99% 99 99% !)g~,g

98% 99% 98% 99%

102% 10H~ 107~8 106}3 1007~ IOS)i' WMi 106 106% 105% 104)i' 104)1; 105 102% 103)i' 101 101% lOl)i' 101% 100% 100% IOO~'S !J8Ys 08 98)4 99 98% 087/H 98V. 98 98V. 98% 116% 96% 95% 04 95)i' 90% 96% 97~ 97% 97%

Low

Cents 89 88% 88% 88% 80V. 90 9l)i' 92 oav. o:M 93V. 92% n)i 921{ 93Vz 93~~ ooYz 97?.·~

100 98H 98% 9772 98}-H 97~1i 97'(, 98 U7% 98~-~ 1)97~

102)-:i 10:>% 104'" 106V. 1007 X 105)1 104% 105 103% 102Y8 102V. 100)-i 100); 101% 99 1/z

IOO)i' IOO)i' 99~~ 99 99)i' 98% 97~S !J5% wv. 97% 97V. 97Yz 97~'8 96% 97;,f 96)i' 1).1~~ 95% 94:t~ 92% 94~-~ ll4V. 95% 95% 96V. 96%

Closing price


Open ~~-=-cornmit4 ing ments priee

-,J.()()(j --lm .• hels Cents

+4fi7 -~.{ +I. 414 -)i' -\-1,fi7:S -)1 -!-2.2H:! -!-1

-!-fl~2 -------!-fil8 -\-IV, -24X -!-1)i' -!Jf>O -1-)i'

-].:1(;0 -l-2 -j-RO -IJi

-;'jfi(j +}~ -7tui -}1 -!i1~ -~f +442 +1~2 -j-:1!)11 -------l-4fi!l +t3,[ -K1;i -!-4 -;11 -n2 -271i +2~2

-z.:~!io -~-~ -1-211 -1 -:m2 -1 - :ml -------704 -fi74 -wo _____ _ -fJ4lJ

-1-41 -7JH

-l.H~:I -1.0!14

-!"Jf\:! +:!~f) -7\JB -:~Mfi -:~;jfi

-fifl4 -570 -724 +fifi!l -:~2fi

-l-4'14 -t-8;!4 -H72 -~22 -47

-\-104 -848 +ao5 -824

-1,407 -2, fiM5

-n1 -!-58

-470 -18 -71

-!-106 -437

-J,:J:l! -I. :1)7

+38 -1123

_,, ·>81 ::j·12 -6:H -204 -7:1

-390 -48t '

+% -l% -1% +% -~-.i

-\-1 -)i H4 -Y2 -%" +J1

-J)i -~-~ -~-... -1~2 -1)4 -l-2 +1

+~i +J4 -Y.


TABLE 34.-Daily volume of trading, open commitments, opening, Mgh, low and closing prices per bushel of Decembe1' wheat futures on the Chicago Board of Trade Apr. 22, 1.933, to Dec. 31, 1935-Continued '

1035 DECEMBER FUTURE-Continue:!

Range in price Net chango lrom previous day

Volume Open Ope!'ing Closing Date of trad- commit-

ing ments pnce price

Open Clos· High Low commit- ing

ments price --- ·-----

1,000 1,000 Cents GenU!

1,000 1~35 bushels bushels Cents Cents bushels Cent• Nov. 2L ______________ 7, •181 28,425 97Y.--% 09% 97% 99)i-% -I, 156 t2)1 Nov. 22 _______________ 5, 722 27,724 90Ys-JOO 100)i 98)1 09-98:¥8 -701 -!4 Nov. 23 _______________ 7, 098 26,689 09-99)i JOO% 98~ 100-IOO)i -1,035 tlV.

Nov. 25~-------------- 4, 321 25,612 09Yz-Y8 100)i os•, OO)i-90 -1,077 -I Nov. 26. ______________ 4,8:l7 24,957 98Yz-% 98% 97% 97Ys-98 -655 -IV. Nov. 27 _______________ 3,825 23,552 97Ys-08 {!8% om 97%-% -1,405 -!4 Nov. 29 _______________ 5, 410 21,7:l4 97%-98)/g 90% G7% 98Ys-99 -1,818 t1)4 Nov. 30 _______________ 5, 0,66 19,300 98-97% 98Ys 97)1 07:¥8-% -2,434 -1)4 Dec. 2 ________________ 2,008 18,772 07%-% 07% 06~ 07)/g-Ji -5~ -)1 Dec. 3---------------- 1, 80a 18,296 96Ys-% 97% 96's 97)i-~ -476 --=iii Dec. 4. _______________ 2,875 17, 592 97Y,-97 97Ys 95% 96-05Ys -704 Dec.[) ________________ 2,181 17,100 95)1 96 95 95:¥8-% -432 -!4 Dec. 6 ... ------------- 913 16,007 96Y.,.-96 96)1 95:¥8 06-06)i --193 +% Dec. 7 ________________ ], 778 16, 648 95-94% 95:¥8 94% 95%-Y, -319 -% Dec. 9 .. -------------- 1,467 16, 41i2 06Y, 06Y, 04% 94Y.,.-95 -196 -% Dec. 10 _______________ I, 565 10, !50 94%-% 96)i 04% 96 -293 t1 Dec. 11---------------- 3,303 14, 562 95%-% 95% 95 95Ji-Ys -1,597 tl~ Dec. 12 ________________ 3,422 12, 191 95 96Ys 05 96)1-% -2,371 Dec. 13 _______________ 3, 072 10, 750 101~-% 101% 100% 101%b -1,432 '+5 Dec. 14 .. ------------- 4, 740 0, 242 101',-% 103)1 101 101Ji-Ys -1,517 -% Dec.16 _______________ 1, 617 8, 544 102 102 IOO)i lOO:Vs--Ji -608 -I Dec.!/ _______________ 1, 637 8,071 100Y.,.-% 101)1 100% l01tf% -473 t1!4 Dec.18--------------- 2,141 7, 554 102%-l-2 102% 101)1 10Jlo -517 ---+% Dec. 10. ______________ 812 7,102 101%-)1 101Ys 100% 101Ys -452 Dec. 2U. _ ------------- 737 6,839 101?/s 102% 101)i 102%-)j -263 +% Dec. 21.-------------- 2, 007 6, 085 102% J03% 102)/g 103-102?/s -704 t% Dec. 23. _ ------------- 2,021 5, 280 103Ji-% 104% 103)i 104~-Ys -805 tiJi Dec. 24 _______________ 3, 260 3, 975 104%--% 105)1 104 1Q51~-v. -1,305 tl Dec. 26 ... 2, 03.5 2, 740 !OW.--% 106% 105)i 106%-% -1,236 t1V, Dec. 27 ____ :::::::::::

4,.r7 035 108 108 101% 103)1--102)1 -!,805 -314 Dec. 28 _______________ 116 -------------- t ~:l -------------- -819 -------Dec. 30. _ ------------- (6) 50 -------------- !l -------------- -66 ----··· Dec. 31.-------------- (6) --------- -------------- (6) -------------- -50 -------

a See text for explanation. . . • On Oct. 14, 1035, the rules of the Chicago Board of Trade were amended to prohibit trading in tbeexpmng

future during the last 3 days of the dell very month.

0

WHEAT FUTURES

Documents

Transcript of WHEAT FUTURES