~JI~Z" ' ~ UNITED STATES DEPARTMENT 0 F AGRICULTURE

COMMODITY EXCHANGE AUTHORITY

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COMMODITY FUTURES STATISTICS JULY 1956-JUNE 1957

STATISTICAL BULLETIN NO. 221

WASHINGTON, D. C.

CONTENTS

Introduction • • •

Volume of trading:

Table 1. Annual volume of trading on each contract market, 1947-48 to 1956-57 • • • • 9

Table 2. Monthly volume of trading on all contract markets combined, average 1934-35 to 1938-39 and 1948-49 to 1952-53, annually, 1952-53 to 1956-57 ll

Table 3. Monthly volume of trading on each contract market, July 1956 to June 1957 14

Table 4. Monthly volume of trading on principal markets, by future, July 1956 to June 1957 16

Table 5. Largest annual, monthly, and daily volume of trading on principal markets, from date trading data available through June 30, 1957 • • • • • • • • • • 21

Table 6. Largest monthly 54d daily volume of trading on principal markets, during the year July 1956 - June 1957 • • • • • • • • • • • • • • • • • • • • • • • • • 22

Open contracts:

Table 7. Annual average of month-end open contracts on each contract market, 1947-48 to 1956-57 • • • • • • • •

Table 8. Month-end open contracts on all contract markets combined, average 1934-35 to 1938-39 and 1948-49 to 1952-53, annually, 1952-53 to 1956-57

Table 9. Month-end open contracts on each contract market, July 1956 to June 1957

Table 10. Midmonth and month-end open contracts on principal markets, by future, July 1956 to June 1957 • • • • • • • • • • • • • • • • • • • • • •

Table ll. Ma.xi.mwn open contracts on principal markets for long-time periods, and during the year July 1956 - June 1957 • • • • • • • • • • • • • • • • • • • • • • • •

Futures prices:

Table 12. Highest and lo>rest prices of futures on principal markets, by date and future,

23

25

28

30

4o

for long-time periods ending June 30 1 1957 • • • • • • • • • • • • • l~l

Table 13. Closing prices on principal markets, by future, semimonthly, July 1956 to June 1957 42

Table 14. Highest and lo>rest prices of futures on principal markets, by date and future, during the year July 1956 - June 1957 • • • • • • • • • • 50

Contracts settled by delivery:

Table 15. Contracts settled by delivery on each contract market, years beginning July, 1947-48 to 1956-57 • • • • • • • ••.•••.••••

Table 16. Contracts settled by delivery on each contract market, by future, July 1956 to June 1957 • • • • • • • • • · • • • • • • • • • • • •

Commitments of reporting traders:

Table 17. Annual average of midmonth and month-end long and short commitments of reporting

51

53

and nonreporting traders on all contract raarkets combined, 1947-48 to 1956-57 55

Table 18. L:>ng and short commitments of reporting and nonreporting traders on all contract markets combined, semimonthly, July 1956 to June 1957 • • • • • 59

Table 19. Annual average of midmonth and month-end long and short commitments of reporting and nonreporting traders, expressed as percentage of total open contracts, on all contract markets combined, 1947-48 to 1956-57 • • • • • • • • • • • 67

Table 20. L:>ng and short commitments of reporting and nonreporting traders 1 expressed as percentage of total open contracts, on all contract markets combined, semimonthly, July 1956 to June 1957 • • • • • • • • • • • • • • • • • • • • • • .• • • • • • • • 71

For sale by the Superintendent of Documents, U. 8. Government PrlntlnR Offic<• Washington 25, D. C. - Price 4Q cents

Issued December 1957

COMMODITY FUTURES STATISTICS JUly 1956 - June 1957

INTROWCTION

Commodity Futures Statistics is published annually by the Commodity Exchange Authority. This edition covers the fiscal year 1957 (July 1956-June 1957) and presents the more important data on futures trading in each commodity covered by the Commodity Exchange Act. The statistics are com­piled from reports required of exchange clearing members and large traders by regulations promulgated under the act, and from official price records of contract markets.

Contract Markets and Commodities

A contract market is one which has been licensed by the Secretary of Agriculture pursuant to the Commodity Exchange Act to conduct trading in one or more commodities for future delivery. Listed below are the 17 commodity exchanges designated as contract markets, and the 23 commodities in which futures trading was conducted in the 1957 fiscal year subject to regulation under the Commodity Exchange Act:

Chicago Board of Trade •••••••••• Wheat, corn, oats, rye, soybeans, grain sorghums, cotton, cottonseed oil, soybean oil, lard, soybean meal

Chicago Mercantile Exchange ••••• Butter, eggs, potatoes, onions Chicago Open Board of Trade ••••• Wheat, corn, oats, rye, soybeans Duluth Board of Trade ••.•••••••• (No trading in 1956-57) Kansas City Board of Trade •••••• Wheat, corn, soybeans, grain

sorghums, bran, shorts, middlings Memphis Board of Trade

Clearing Association •••••••••• Cottonseed meal, soybean meal Milwaulcee Grain Exchange ........ \fueat, corn, oats, rye Minneapolis Grain Exchange .••••• Wheat, oats, rye, flaxseed, soybeans New Orleans Cotton Exchange ••••• Cotton, cottonseed oil New York Cotton Exchange •••••••• Cotton New York Mercantj_le Exchange. • • • Potatoes, onions New York Produce Exchange ••••••• Cottonseed oil, soybean oil, tallow Portland Grain Exchange ••••••••• (No trading in 1956-57) St. Louis Merchants' Exchange ••• (No trading in 1956-57)··-.. San Francisco Grain Exchange •••• (No trading in 1956-57) Seattle Grain Exchange ••••.••••• Wheat Wool Associates of the New York

Cotton Exchange, Inc •••••••••• Wool, wool tops

2

The list of contract markets and regulated commodities in which futures trading was conducted in the 1957 fiscal year reflects the following changes as compared with the 1956 fiscal year:

Effective August l, 1956, futures trading in tallow was resumed on the New York Produce Exchange after an interval of 15 years. On the New Orleans Cotton Exchange, after several years of inactivity, futures trading in cottonseed oil was resumed March 19, 1957. Fu­tures trading in soybeans was inaugurated on the Kansas City Board of Trade effective September 18, 1956. The barley futures market of the Minneapolis Grain Exchange which had a nominal amount of trading in 1956, was inactive in 1957.

Classification of Statistics

The commodity futures statistics presented in this bulletin fall into five principal classes: volume of trading, open contracts, futures prices, contracts settled by delivery, and commitments of reporting traders. Reporting traders are those with positions of specified size. Such traders report daily to the Commodity Exchange Authority the size and character of their trades and positions. Data derived from such statistics include commitments of reporting traders as a percentage of open contracts, commitments of nonreporting traders, and commitments of nonreporting traders as a percentage of open contracts.

Volume of Trading

The volume of trading is the total of all purchases or of all sales -- not of purchases and sales combined. Since there are two parties to every futures contract -- the seller and the buyer -- the aggregate of all purchases is equal to the aggregate of all sales.

The volume of trading in a commodity is compiled by the Commodity Exchange Authority from data in required daily reports from exchange clearing members. Each clearing.member of each contract market makes a daily report of all purchases and sales of connnodi ty futures which it clears. A compilation of these reports gives the volume of trading in each commodity for each market for each dayo

In some markets two units of trading are used, the round lot (for example, 5,000 bushels) and the job lot (for example, 1,000 bushels). In suCh cases the trading in both lots is combined.

The following tabulation shows the volume of trading, by commodities, on all contract markets combined, for the fiscal years 1955-56 and 1956-57:

Percent of Commodity Unit 1225-26 1256-27 increase or

decrease

Wheat 1,000 bushels 4,180,556 4,885,821 + 16.9 Corn do. 2,762,007 2,275,888 - 17.6 Oats do. 687,325 643,368 6.4 Rye do. 574,098 913,312 + 59.1 Barley do. 25 0 Flaxseed do. ll,l08 6,147 - 44.7 Soybeans do. 5,541,841 4,479,827 - 19.2 Grain sorghums Million pounds 19 17 - 10.5 Cotton 1,000 bales 39,594 22,306 - 43.7 Wool 1 ,ooo pounds 54,834 102,528 + 87.0 ilool tops do. 86,2f.O 98,7&> + 14.5 Butter Car lots 73 2 - 97.3 Eggs do. 425,900 368,816 - 13.4 Potatoes do. 126,339 137,178 + 8.6 Onions do. y 126,795 89,229 - 29.6 Cottonseed oil 1,000 pounds 3,451,8&> 4,551,840 + 31.9 Soybean oil do. 8,185,200 12,583,200 + 53·7 Lard do. 1,974,7f.O 2,439,080 + 23.5 Tallow do. 18,54o Bran Tons 32,970 19,680 - 4o.3 Shorts do. 15,990 6,180 - 61.4 Middlings do. 10,570 8,715 - 17.5 Cottonseed meal do. 246,6oo 133,000 - 46.1 Soybean meal do. 6,663,000 6,254,600 6.1

~ Data on onions prior to September 24, 1955, obtained from the icago Mercantile Exchange and the New York Mercantile Exchange.

3

4

Number of Futures Transactions. Since the volume of trading is expressed in units of the physical commodity, i.e., wheat fUtures con­tracts in bushels, cotton in bales, eggs in carlots, and so on, a common denominator is needed when compiling the volume of trading in several dis­similar commodities or in making intercommodi ty comparisons. Such a common measure is provided by giving the same weight to a contract unit in wheat (5,000 bushels), as to a contract unit in cotton (100 bales), or one in eggs (one carlot). Thus in terms of contract units, the number of transactions in several dissimilar commodities may be combined, and futures activity in one commodity compared with that in another. Since the size and value of futures contracts in various commodities differ widely, the number of trans­actions in terms of contract units is of limited value in measuring changes in intercommodity activity, and particularly changes over short periods. Such a measure does provide a useful gauge of over-all market activity, however, and particularly changes from year to year or for other relatively long-term periods.

The tabulation which follows gives the estimated number of fUtures transactions, purchases plus sales, in terms of contract units, by commodities, on all contract markets combined, in the 1955-56 and 1956-57 fiscal years:

Commodity 1955-56 1956-57

Wheat 1,929,000 2,355,000 Corn 1,231,000 1,037,000 Oats 286,000 268',000 Rye 278,000 443,000 Barley (1) 0 Flaxseed 22,000 12,000 Soybeans 2,555,000 2,189,000 Grain sorghums (1) (1) Cotton 792,000 446,000 Wool 18,000 34,000 Wool tops 34)000 4o)ooo Butter (1 (1 Eggs 852,000 738,000 Potatoes 253,000 274,000 Onions 254,000 179,000 Cottonseed oil ll5,000 152,000 Soybean oil 273,000 419,000 Lard 99,000 122,000 Tallow 1,000 Bran 1,000 (1) Shorts (1) (1) Middlings (1) (1) Cottonseed meal 5,000 3,000 Soybean meal 133,000 125,000

Total 9,130,000 8,837,000

y Less than 500 transactions.

Value of Trading. Another conn:non measure for presenting an over-all view of market activity, or for making intercommodity com­parisons, is afforded by data on the dollar value of futures trading. The value of trading in a commodity is estimated by multiplying the monthly volume of trading in terms of the physical commodity (one side only) by the average closing price on the principal futures market. Since the dollar value measurement of futures activity re­flects changes in price level as well as in volume of trading, the figures tend to show greater variations from year to year than data on number of transactions.

The estimated dollar value of futures trading, by commodities, on ~ contrac,t markets combined, for the fiscal years 1955-56 and 1956-57, is shown in the following tabulation:

Commodity 1955-56 1256-57

(In thousands of dollars) Wheat 8,644,000 10,934,500 Corn 3,776,000 3,079,900 Oats 442,6oO 481,000 Rye 673,900 1,276,000 Barley mo 0 Flaxseed 37,700 a>,lOO Soybeans 14,6831 3JO 10,978,900 Grain sorghums 4oo 4oo Cotton 6,627,800 3,797,800 Wool 70,4oo 158,4oo Wool tops 136,900 181)500 Butter 8oo (1 Eggs 2,471,100 1,863,000 Potatoes 173,600 147,6oo Onions 132,700 74,8oo Cottonseed oil 550,800 713,mo Soybean oil l,o64,80o 1,580,500 Lard 238,900 326,4oo Tallow 1,4oo Bran 1,mo 8oo Shorts 700 mo Middlings 4oo 300 Cottonseed meal 12,000 6,600 Soybean meal 353,500 295,000

Total 4o,093,6oO 35,918,300

y Less than $50,000.

s

6 Open Contracts

A futures contract is said to be "open" when it has been entered into and not yet liquidated by an offsetting transaction nor fUlfilled by deli very.

The amount of open contracts for each commodity and contract market is obtained each business day by a tabulation of reports made by exchange c1earing members. The aggregate of al.l. 1ong open contracts reported by c1earing members equal.s the aggregate of all short open con­tracts reported. The open contract figures shown are for ~ side olll.y, not the 1ong and short sides combined. Where there are open contracts in both round and job 1ots, the total.s of open contracts inc1ude both types.

The folloWing tabulation shows average month-end open contracts, by commodities, on all contract markets combined, for the 1955-56 and 1956-57 fiscal. years:

Percent of Commodit;r Unit 1955-56 1256-57 increase or

decrease

Wheat 1,000 bushels 95,323 124,164 + 30.3 Corn do. 70,047 70,693 + ·9 Oats do. 27,163 32,062 + 18.0 Rye do. 13,675 20,468 + 49.7 Barley do. 1 0 Flaxseed do. 8o3 417 - 48.1 Soybeans do. 93,367 89,102 4.6 Grain sorghums Million pounds 1 3 + 200.0 Cotton 1, 000 bal.es 2,068 1,454 - 29·7 Wool 1,000 pounds 6,748 6,515 3.5 T..Tcol tops do. 10,002 7,945 - 20.6 Butter Car lots 8 (1) Eggs do. 5,397 5,744 + 6.4 Potatoes do. 2,966 3,907 + 31.7 Onions do. gj 4,50.3 3,102 - 31.1 Cottonseed oil 1,000 pounds 196,395 247,6o5 + 26.1 Soybean oil do 310,68o 4o8,475 + 31.5 Lard do. 76,503 8o,430 + 5·1 Tallo-w do. 1,669 Bran Tons 2,798 1,26o 55.0 Shorts do. 1,350 44o - 67.4 Middlings do. 578 700 + 21.1 Cottonseed meal. do. 20,667 12,4o8 - 4o.o Soybean meal. do. 421,6o8 345,275 - 18.1

y Less than one carlot. y Data on onions prior to September 24, 1955, obtained from the Chicago Mercantile Exchange and the New York Mercantile Exchange.

Contracts Settled by Del:i.very

\fl1ile most futures contracts are settled by offset prior to delivery, it is the right of a long to stand for delivery of the physical commodity, and of a short to make such delivery j_f he so elects. The delivery pro­cedure includes the issuance of a delivery notice vrhich is a document pr8 pared by the seller notifying the buyer that he intends to deliver on a specified day the commodity specified in the contract. The original or a copy of each delivery notice tendered by a clearing member of a contract market is furnished to the Commodity Exchange Authority. From these delivery notices and from reports of deliveries made by clearing members, data on deliveries are compiled.

Futures Prices

Official records of contract markets are the source of the price information in this bulletin. Closing prices are shown by future for the fifteenth and last day of each calendar month. Where no trades took place during the "close," generally the closing seconds of trading, bid, asked, nominal, or settlement prices have been used, an<'!_ are so indicated. For dates on which closing ranges were recorded the closing price shown is the average of the closing range.

Commitments of Reporting Traders

Any trader whose position in one future of any commodity reaches an amount specified by the Secrecary of Agriculture is required to report daily all his trades and positions in that commodity to the Commodity Exchange Authority. In making this report, the trader also shows the classification of his position as speculative (including spreading or straddling) or hedging.

The minimum amounts specified for reporting during the fiscal year 1956-57 were as follows:

~fueat, corn, oats, rye, barley, flaxseed, soybeans •• Grain sorgl:l:tl.IIls • •••••••••••••••••••• • • • • • • • • • • • • • • • • • Cotton . .....•....... · ...•........•......•..•........• \'lool . •••.••••...•.•.••.•..•....••••.•..•••..•••••..• Wool tops . .•.....•.•...•.••.•............••....•.... Butter, eggs, potatoes, onions •••••••••••••••••••••• Cottonseed oil, soybean oil ••••••••••••••••••••••••• lard, tallow ....................................... . Millfeeds (bran, shorts, middlings) ••••••••••••••••• Cottonseed meal, soybean meal ••••••••••••••••••••••• Rice, milled . ...................................... .

200,000 bushels 11, 200,000 pounds

5,000 bales 150,000 pounds 125,000 pounds

25 carlots Y. 1, 500,000 pounds ~ 1,000,000 pounds

1,000 tons 1,500 tons

56,000 pockets

1f Prior to November 24, 1956, the amount specified for reporting in cottonseed oil and soybean oil was 900,000 pounds, and in lard and tallow, 6oo, 000 pounds •

7

8

Data on commitments of large traders are obtained from these traders' reports. Commitments of nonreporting traders are derived by subtracting reporting traders' positions from the total of all pos:ltions. Commitments of nonreporting traders, being a residual item, include both speculative and hedging commitments.

Other Statistical Reports of the Commodity ExChange Authority

Many of the data presented in this annual bulletin were initially released by the Commodity Exchange Authority on a daily or monthly basis. Daily reports giving the vo.;Lume of trading and open contracts in the various commodities and markets are issued regularly by the agency's five field offices located in Chicago, Minneapolis, Kansas City, New Orleans, and New York. The monthly report, Trade in Grain Futures, presents daily data on volume of trading, open contracts, and futures prices; and similar statistics for cotton are released in the monthly report, Trade in Cotton Futures. The monthly report, Commitments of Traders in Wheat Futures, shows aggregate open con­tracts of small and large traders in that cormnodi ty on all contract markets combined, with a breakdown of the speculative and hedging cormni tments of the large trader group. Similar data for cotton are issued in the monthly report, Commitments of Traders in Cotton Futures.

Special publications and reports were issued during the year containing basic statistics pertaining to sensitive raarket situ­ations in particular commodities. One such report, Futures Trading in Onions, presents background data and results of market analysis work; and, a further report on onion futures in the latter part of the 1956-57 onion marketing season is entitled: "Speculation in Onion Futures, January-March 1957." Other reports \-Tere made covering special "surveys" of the accounts of all traders in the leading futures markets for cotton, onions, and potatoes.

COMIDDITY FUTURES 9

Tabl.e l..--AI:mual. volume Ot tradiDg on each contract market, 1947-48 to 1956-57'

'{')nr be::~~ nninr: Jul:r

CotziOOdi ty aDd market Unit 1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

WHEAT!/ Million Chicago Board of Trade bushels 4,385.0 3,294.1 3,244.8 3,305.2 2,976.1 2,654.4 3,855·1 3,222.9 3,294.5 3,984.6 Chicago Open Board of Trade ao. 141.6 1Q9.4 89.8 81.1 66.8 48.8 70.4 76.1 92·9 92.4 mnneo.polis Grain Exchange <lo. 424.9 453.6 369.1 6o3.8 641.9 448.1 446.1 325.3 363.5 366.0 Kalloas City Board of Trade ao. 811.0 652.6 489.6 684.7 654.1 626.1 390-3 343.8 428.5 441.1 Hilwaukee Grain EKchange ao. 1.2 1.2 1.3 .6 ·1 .6 .6 .6 .6 1.4 Seattle Grain EK:cho.nge ao. 4.4 4.0 7.4 ·3 2.1 2.5 .8 .4 .6 ·3

Total ao. 5, 768.1 4,514.9 4,002.0 4,675· 7 4,341.7 3, 78o.5 4, 763.3 3,969.1 4,18o.6 I 4,885.8

CORN Million Chicago Board of Trade bushels 3,643.1 3,555·7 1,984.8 2,207.6 2,6o2.5 2, 773.0 2,321.5 2,190.6 2, 723.5 2,256.1 Cbicae:o Open Board of Trade ao. 14o.6 117.0 27·4 27·9 35.1 30.6 21.5 21.7 37.2 18.6 Minneapolis Grain Ex:c:ha.nge <lo. 0 0 .1 0 0 0 0 0 0 0 K.o.neaa Cl ty Board ot Trade <lo. 12.0 2.1 .1 (2) (2) 6.8 (2) ·5 .4 .1 Milvauk.ee Grain Exchange <lo. 3.1 3-5 1.0 1.1 2.0 .8 1.0 ·1 ·9 1.1

Total. ao. 3,798.8 3,678.3 2,013.4 2,236.6 2,639.6 2,811.2 2,344.0 2,213.5 2, 762.0 I 2,275·9

OATS Million Chicago Boord of Trade bushels 2,365.6 11009.0 917.8 1,496.1 2,099·5 2,282.7 1,145.9 699.1 648.7 598-9 Cbica.go Open Board of Trade do. 31.3 11.3 7·3 11.4 15.4 12.6 4.5 1.6 1.9 3.2 Minneapolis Grain Exchange ao. 269.1 153·5 121.0 108.0 120.9 123.8 81.3 56.2 35-7 4o.1 Milvaukee Grain E:!tchange <lo. 2.6 1.9 2.1 1.8 3.4 2.1 .8 ·1 1.0 1.2

Total ao. 2,668.6 1,175·7 l,o48.2 1,617.3 2,239.2 2,421.2 1,232.5 757.6 687.3 643.4

RYE Million Chicago Board of Trade bushels --- J! 88.0 54Q.3 543.9 395.8 68o.l 705.8 8o2.2 561.9 899.2 Chicago Open Board of Trade ao. --- y ·5 1.8 3.6 2.9 2.8 3·7 6.2 6.2 10.7 Minneapolis Grain Exchange ao. 21.1 36.8 39.1 28.5 26.4 19.3 14.0 5·5 3.8 3·0 Milwaukee Grain Elcehange ao. --- y .1 .4 .2 1.5 .8 1.1 1.5 2.2 .4

Total ao. 21.1 125.4 581.6 576.2 426.6 703.0 724.6 815.4 574.1 913-3

BARLEY Mill.! on Chicago Board of Trade bushels (2) 0 0 0 0 0 0 0 0 0 Minneapolis Grain Exchange do. 0 0 0 0 0 0 0 0 (2) 0

Total ao. (2) 0 0 0 0 0 0 0 (2) 0

FLAXSEED Million Hi!lllee.polia Grain Exchange bushels --- 'if (2) 0.1 5.6 4o.9 32.0 14.6 7.4 11.1 6.1

SOYBEANS Mill.ion Chicago Board of 'l"rade bushels §/ 4o.2 1,508.3 3,537.4 2,875·9 2,905·7 3,291.2 5,o82.1 4,88o.8 5,477.1 4,415.0 Cbic880 Open Board of 'l"rade ao. --- II 29.4 76.5 76.7 47.5 55.1 59·7 70.4 61.9 63·9 Minneapolis Grain Exchange ao. --- --- --- §/ (2) --- --- --- --- 'li 2.8 (2) Memphis Board or Trade

Clearing Association do. --- --- --- --- --- --- }E/ 6.2 1.0 g! (2) ---Kansas City Board of Trade do. --- --- --- --- --- --- --- --- --- !Y ·9

Total do. 4o.2 1,537·7 3,613.9 2,952.6 2,953.2 3,346.3 5,148.0 4,952.2 5,541.8 4,479-8 ---GRAIN SORGRUm Million

Kaneo.o City Board of Trade pounds 48 1 0 2,309 7,686 518 53 102 8 4 Chicago Board or Trade <lo. --- --- --- --- w 948 164 5 1 11 13

Total do. 48 1 0 2,309 8,634 682 58 103 19 17

RICE !} Million Nev York MercWltile Exchange poUDds --- !'!/ 1.4 2.0 2.9 0.3 0 0 0 0 0

COTroN TbousaDd l!cv York Cotton Exchange bales 63,352 4o,967 37,288 }1/58,950 67,486 66,296 32,6o9 36,28o 30,302 17,515 Nev Orleans Cotton EKchange do. 44,570 20,547 14,982 llil9,278 26,032 23,506 11,88o 13,799 9,138 4,722 Chicago Board or Trade ao. 2,661 1,871 427 'fJ/ 839 1,369 1,533 397 316 154 69

Totol do. 110,583 63,385 52,697 79,o67 94,887 91,335 44,886 50,395 39,594 22,306

WOOL Wool Aseociates of the Nev Million

York Cotton Exchange, Inc. pouDds 4o.l 38.6 34.9 !§/ 90.0 296.4 158.0 93·7 w 98-7 54.8 102.5

WOOL TOPS Wool Associates ot the Nev Million

York Cotton Elcchange' Inc • poUDds 31.6 5Q.6 48.3 !§/ 82.8 172.4 154.9 103.5 119.7 86.2 98.8

BU'I'ri!R!J Chicago MerclLD.tile !Kchange Carlot a 21,517 16,522 2,433 3,186 8,317 7,272 115 97 73 2 Ri!!'lf York Mercantile Exchange do. 549 855 0 50 51 21 0 0 0 0

- Total ao. 22,066 17,377 2,433 3,236 8,368 7,293 115 97 73 2

IO:lOS!J Chicago Merca.ntile EKchange Carlo to 124,975 90,699 56,695 147,794 89,478 145,588 149,163 258,507 425,900 368,816 li6ll' York Mercantile Exch.e.Dge ao. 45 492 243 1,017 527 0 0 0 0 0

Total. ao. 125,020 91,191 56,938 148,811 90,005 145,588 149,163 258,507 425,900 368,816 --~ ... ·-----

10 COMIDDITY FU'l'URES

To.blc 1.--Anuual volumo ot trading on each contract market, 1947-48 to 1956-57 .. -Continuad

-----------------------········-~- -·--·--·--------------------. Year bogiDDiDI! JuJ,y

Commodity ond rno.rkct Unit ----·- --~-~~-·----------- --·--·-------··· ---~------ ----r------- --------1947-413 1949-50 1950-51 1951-52 1952-53

I'OTA'l'OES J:/ Chl(:ago ~tereontilc Exchange llc.., York J.brcontllo ExchQD8D

Corloto 19 6 9,208

38 6,554

lll 2,516 do. 27,563

Totol do. 27,582 9,21.4 6,592 2,627 18,181 123,449 r---··--····--- ·-·----------___ .:....._ ----

ONIONS y ChicBgo Mcrcnntllo Exchonge Ca.rloto lie.., York J.fercontllo Eltchonge do.

'l'otol. do. ---- ···--·····--··-- ----··-·--CO'l'TONSEED OIL

Jlew York Produce Ex:chWJgc Nev Orleans Cotton Exchange Chienso Board or Trade

l41llion pound•

do. do.

15,046

25,223 581

69,4o5 34

84,227 2l.

136,735 14

1,476.9 3,194.3 4,334.3 ?E/.7,204.4 7,982.8 3,049.8 0 L5 200.4 ~ 127.3 6.9 ·5 0 0 0 0 0 0 !----- -·---- -----·--- ---·--- -········----·-······---··-

1953-54 1954-55 1955-56 1956·57 1-----

871-7 0 0

824.7 0

·5

Toto.l. -~ _:~~:9 __ ~~.:~--~?~~::.. __ 7,331_~!- _!l]~:I_ ~·~~-- .. ~!:.:!_r---~~-~ _},451-9 -~~ SOYBEAN OIL J:/

Nev York Produce Elccha.nee Chico.go Board of Trade

Million poundo

do. ?;!/ 227-l ~1,571.0 64o.2 372-7 424.6 411.7 225.1 123·5

1----+---+----t=-1'-',96_1_.6_+--·~55.6 ___ 2_,6_7_~~~-286_.7_ ~-6_.8_+_7c:'.:..96o_._1-+12_.:.'.:.459.:..:..:..·7 0

Total do. 0 227.1 3,532.6 2, 795-8 3,048. 7 4, 711·3 4,318.5 8,185.2 !2,583.2 ---~------------- ---------- ---·-· - ·-··---··- --- ....... -. -· -····-- ·······--·-- -------- ---

LARD Million C'hlcogo Board ot Trade _jmmd!__ ~J~·9. __ __3_,~3:1_ __1__,5~_:4__ __3,2l.~-~ _ _!:,32~2._ .::l,_,4cc1:.:.4:::.l:...._-f--"2"',86=1.:.·9:-.....t-=2"',o:.:21=·.::.3_1-_l::,,,_,97:.c4.:.:.'-'7-l--2::!,:.:.43~9~·1:...

TALIDW J41.ll1on Ue-J York Produce Eltchange pounds

BRAN =·-Y.anoao Clty Boord ot Trode -~--~~~- __ 337:!' __ 1--1~·~--~:~-- __ 285·~- ___ .:246c.:..:.•4:.._j-..:1:..:.42:.:·-=-3-t---'l0=2:.:.6_j---'3<e3:.:·o-+-·-=1~9·~7 SNORTS

Kanuo.o City Boo.rd ot Trade

MIDDLINGS KLI.noo.a Cl ty Board ot Trade

CO'l'.l'ORSEED MEAL y Memphis Board ot l'rsdo

Clearing Aasoc:iation

SOYBEAN MEAL y Jolellrph1o Boord ot Trade

Clearing Association Cbicago Board ot Trode

Thousand tons

=•and tons

=·­tons

~-8 2l.3.0 143.7 173-7 ----r-------r----- -----

245-7 378.8 478-3 586.8 584-9 -----+--'-.:.......+--'-'-----!----'--- ----------

Thowumd to no do.

412.2 474-7 1,126.0 2,292.0 1,568.4 g§j 4o4.1

6.2

246.6 133.0

1,03lo7 8o6.2

1,697.6 2,356-4

Totol do. 412.2 474-7 1,126.0 2,292.0 1,972-5 1,837-9 4,054.0 6,663.0 6,254.6 '-----

!/. All types ot contracts. ?/ Loss than 50,000 bushels. 3/ 'l"radiDI! re8UIIled JuJ,y 12, 19118. (Buapellded JUlie 13, 1946.) 1jJ l'radiDI! re.-d Jul,y 15, 19413. (Suspe21ded June 13, 1946.) 5/Trading re.,...d April 11, 1949· (Suii]>O!I4A!d June 13, 1946.) §/ l'rad1DI! re""""d JUly 7, 1947. (Suopellded Febi"\UU"Y 19, 1943.) 1/Trading re8UIDed JUl.:t 29, 19118. (Suspe21ded February 19, 1943.)

---------

1}/ Market opened tar trading on September 18, 1950; suopended February 16, 1951. '2/ Trading resumed JUl.:t 15, 1955.

W Trading began Dec-or 14, 1953. !J:J l'radiDI! suopended JIIJIU&l"Y 23, 1956. !Y_ Trading began Septabor 18, 1956. !J/ l'rad1DI! began October 1, 1951. !:!!/ Trading began J""" l, 1949. !2/ TradiDI! DUspe!I4A!d prior to the opeDiDI! OD Jouuary 27, 1951; re8UIIIOd March 8, 1951. !:§/ l'rodiDI! ou.opended prior to the openiDf! on Jouuary 29, 1951; rooumed April 9, 1951.

---- ---

11/ Figures prior to October 271 1951t., obtained tram the Wool Associates ot the New York Cotton P!Kcharlp 1 Inc. ~Figures prior to September 24, 1955, obtained !rom tho Chicago Morcont1Lo E>cohiiiiPo !2/ P1guroo prior to September 24, 1955, obtained tram the Nev York MorcODtile E>ccluuJ6e. ?P/ Trading suapended prior to the opening on Jouuary 27, 1951; re8UIIl8d Pebi"\UU"Y 13, 1951. ?;!/ As of Sep- 28, 1949, contract bas1B cluuJ6ed !rom ret1Jied to crude oil. ggj l'rad1DI! DU8pellded tar one ~ only, JIIIIUIU"y 27, 1951. W l'rodiDI! bsgan JUl.:t 17, 1950· g!Y l'radiDg roSUIIled Ausust 1, 1956. (D1scontiuued June 5, 1941.) W l'radiDI! began JUl.:t 7, 1955. g§j l'ra41Dg began Ausuot 29, 1951.

I'IO'l'B: Da.tee ot !U!p!11!10D ot trii41D&: Trading auapended atter close ot the market on date• given 1D rootaote•1 except u otherv11e DOted, 1D th1a 8D4 tollDving ta'biie.

Coalll041t.y 01111 year Unit

---w!iii.T-if- --- ----

11114 /lv~~;f. 35 to 1938-39 = l8

1948·49 to 1952·53 <!o.

1952·53 o~o. 1953·5· o~o. 1950·55 @.

1955·56 o~o. 1956·:5_7 ______ +-_®. --

CORN

··~;;r. 35 to 1938· 39 1948-49 to 1952·53

11114 Tbouo bushel

clo. • 1952·53 1953·5· 195'•·55 1955·56 1956·57

OATS

··~;r. 35 to 1938· 39 1948-49 to 1952·53

1952·53 1953·5· 1950·55 1955-56 1956·57

o~o. <!o. @. o~o. <!o.

ThDus buoho

@.

o~o.

@. <!o. o~o. o~o.

---11114 la

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

JUl.:! ---------

l,l.OO,Ol4 500,860

460,685 609,505 495,597 568,892 523,753

1------

312,908 238,636

232,901 253,677 29•,027 162,857 199,458 ---

109,816 158,308

164,601 155,087

98,187 89,231 97,<29

- f-------

RYE

··~;r-35 to 1938·39 1948-49 to 1952·53

IUI4 ThDus buabel

<!o. .

1952·53 1953·50 1950·55 1955·56 1956·57

BARLI!Y

clo. o~o.

<!o. o~o. o~o.

AvorBgO 'l'boua 11114 1930· 35 to 1938· 39 bullhel •

~l9~5~5-~56 __________ ~_o~o.

FI.UBEED

··~~;r. 35 to 1938-39 1948·09 to 1952·53

Tbouo buoho

o~o.

11114 1o

1952·53 <!o. 1953·50 o~o. 1950·55 o~o. 1955·56 o~o. 1956·57 <!o. -----+-

SOYBIWIS Averop Tb01l80D4

~m=~~ ~ ~~~=~~ Jl ~1 1952·53 1953·50 1950·55 1955·56 1956·57

@. @. <!o. ®. o~o.

•

---GRAIII SOROBUMB

··~::r.49 to 1952·53

1952·53 1953-50 1954·55 1955·56 1956-57

OD Ml111 polll>do

o~o. <!o. <!o. o~o.

o~o.

33,577 29,4o1

35,490 68,074 39,630 43,380 57,996

3,849

0 r---

625 y 627

1,661 2,)46

780 483 639 -----

!!.(1,482 llll•,837

227,027 245,142 473,794 24o,674 465,62!>

-- ---

127

423 0 2 7 0

-~-------- -~---- ... --- ·--- ,----

Aug. Sopt. Oct. -· ------------ ---- --- ------- ---------·

1,029,439 743,687 731,433 .604,391 395,732 300,759 265,657 335,442 ----348,909 250,038 2!!6,821 265,073 688,888 475,115 318,354 371,049 363,334 310,581 236,198 236,513 511,980 377,557 26o,482 255,855 493,981 )6o,479 4o4,810 455,939

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

339,092 242,708

181,118 229,483

184,812 aoo,366

210,560 274,607

232,973 210,465 256,608 2:l6,388 237,347 242,6:;6 262,4!}8 268,223 200,159 146,581 129,273 238,763 36o,354 274,549 236,4o5 243,848 198,942 158,963 2:)0,824 263,704

1---- ·--.·--- f-·-------- f------- ----------

118,472 60,532 41,14o 48,938 159,690 125,629 100,900 152,962 -- -----271,"153 194,397 163,084 22l,4oo 194,086 114,813 94,825 115,888 72,312 68,121 60,72!> 74,168

102,030 65,053 35,766 68,329 86,086 45,949 50,652 75,675

------· -----

37,246 36,051

26,6:;6 27,894

21,721 26,038

22,235 35,954

52,367 42,394 32,837 43,824 78,584 78,743 70,095 97,833 61,211 124,602 77,742 66,980 52,316 58,308 51,963 38,957 86,460 70,266 74,674 95,865

7,422 4,42!> 2,559 2,967

0 0 0 0 1-----

2,296 '§1,516

2,237 '§2,179

1,589 '§2,14o

1,347 '§2,588

4,4o8 3,243 2,691 4,526 1,595 2,956 1,oo8 1,621

844 1,575 764 1,224 1,24-1 902 m 1,051

876 811 ~-1------- r----

!!.(2,390 '!fl,797 4,518 3,911 185,615 190,307 314,215 :i65,7l8

270,859 279,o88 338,764 227,455 164,)66 259,467 335,154 4o8,966 509,927 4o1,269 525,308 529,488 384,945 466,600 517,044 m,608 306,811 341,955 481,78o 484,182

------ ----

107 38 lll 303

72 38 79 4o 3 7 13 30 0 1 5 16 0 0 3 5 0 1 11 3

-- ----- --------Avorlll!e RICE y

1908·119 to 1952-53 y 0 y 4o y 730 y 50 '§100

--

11

----- -------- ---··· ----- ---------- - ·- --- ---~- ---. ---- -----Doc. JOD. Feb. ...... Avr· Mo,y JWIG TotoJ.

--- ------- 1-- ----- ----------~---- ·-- ----- --- 1----- - ----- ·---1-----

647,223 533,137 389,215 569,536 735,464 677,137 882,614 8, 731,2';10 336,799 321,056 352,629 337,207 )48,444 353,457 454,917 <,302,959

---- ----· -------- -------· .. _______

-~----- ---291,361 253,779 303,593 252,217 259,241 a31,074 585,703 3,78o,53'1 310,233 249,651 244,375 369,093 413,184 )44,474 368,755 ., 763,276 311,525 256,793 291,525 359,711 301,608 4o3,125 4o2,502 3,969,072 273,950 253,466 293,988 344,o65 378,529 296,501 365,a37 4,180,556 3'15,685 335,306 352,137 385,851 396,:;60 372,915 458,681 4,885,821 -------- ------ ----1------ ----- --------- i------ ---·-

197,313 143,555 95,760 124,052 187,101 159,334 190,045 2,325,650 250,970 229,135 233,340 192,798 181,989 193,019 :!D8, 727 2,675,822

·--267,794 2)0,267 262,049 197,672 184,m 182,851 306,639 2,8ll,a::J4 209,951 158,492 135,602 159,933 182,537 116,312 116,779 2,343,979 210,972 181,870 161,307 213,312 161,154 159,272 156,782 2,213,472 176,033 150,695 182,376 185,611 a31,824 295,868 211,587 2,762,CX)7 181,138 144,053 186,861 157,427 195,387 197,752 191,379 2,275,888

-----·------ ------------ --~--

57,862 46,519 29,919 43,090 73,592 56,026 63,112 749,018 142,552 148,534 ~,_385 126,918 ~35,~- 142,~- 150,083 1,700,323 _:::.:___ '-----234,709 2:l6,147 262,461 170,225 178,192 150,0a3 185,135 2,421.,172 143,8o7 73,295 76,834 67,500 72,697 70,631 52,993 1,232,496 85,8o1 49,8!}8 4o,933 56,162 51,826 54,682 44,809 757,619 43,291 35,142 38,412 34,384 67,085 58,725 49,877 687,325 52,917 33,129 37,860 33,769 50,876 38,947 4o,079 643,368

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

23,831 17,687 13,009 18,185 26,256 25,164 31,508 297,087 45,015 <5,624 45,~ -~~~ 1---40,073 51,050 51,960 482,570

-----68,)46 61,020 56,821 60,650 71,103 69,945 108,239 703,o44 77,348 41,226 36,507 52,726 54,82!> 37,314 31,358 724,630 76,501 58,163 73,837 68,556 47,496 62,553 58,136 815,407 51,815 43,668 54,487 39,825 55,178 49,414 34,787 574,098 60,107 71,221 69,011 65,425 76,799 73,025 112,463 913,312

2,573 1,.426 721 1,052 1,671 1,291 1,952 31,903

0 5 10 5 5 0 0 25

616 412 209 417 834 655 741 11,978 '§1,6!}8 '§1,657 '§1,846 y 852 1,541 684 1,419 18,747

2,904 2,013 3,121 1,153 2,669 1,:i69 2,361 32,039 866 905 878 763 671 704 324 14,637 164 249 277 lll 668 363 )02 7,361 515 1,194 1,795 8o1 1,180 646 941 11,108 246 121 238 94 624 416 172 6,147

2,8o5 1,665 1,018 1,592 1,513 2,072 2,265 27,0a3 260,094 265,746 Zl4,271 258,479 222,183 257,546 247,727 2,88o,738 ----

294,505 327,659 259,732 318,021 254,558 a32,433 266,2 3,346,329 483,146 487,m 478,a39 704,694 589,365 518,989 473,002 5,147,957 477,14o 479,717 341,645 456,4o3 295,670 251,775 2l.O,U3 4,952,249 a3o,666 371,156 416,333 J91o,396 684,739 784,370 623,310 5,541,841 439,425 461,936 349,966 a33,537 306,475 310,991 247,109 4,479,827

--1----

~------~ 2!>3 :iB2 242 292 186 141 2,325 r--

12 6 5 5 0 0 2 682 1 0 (5) 0 0 1 3 58

23 6 24 8 17 0 1 103 1 0 2 1 (5) 0 0 19 0 0 0 (5) 0 1 1 17

y34o y 0 y 0 y 30 y 0 y 2D :;so 1,590

OOM>ODITY FU'l'UilES

To.ble 2.-~Montb.l,y vol.ume ot tro.dlng on nll. contract marketB combined, o.vero.gc 1934-35 to 1938-39 nnd l.91KJ.lf9 to 1952~53, a.nmJB.lly, 1952-53 to 1956-57--Continued

-- -eo.rrodity and yeo.r Unit JW.,y lwg. Sept. Oct. Nov. Dec. Jon. Feb. Mor. AI"'· ~ J\we Total

f---- ----f--- ------- ----1------------- -----carroH

A....,."8" -1934-35 to 1938-39 bole• 4,221 3,899 5,032 4,562 3,910 3,487 3,089 2,902 4,321 3,586 2,985 3,885 45,879 1948-49 to 1952-53 do. 5,o85 5,842 6,64o 8,389 8,152 7,075 6,597 y7,66o 5,8aJ 6,o88 5,059 5,399 77,Bo6

-6,168 7,493 8,599 9,76o 9,683 9,oo6 6,685 5,978 5,654 4,661 1952-53 do. 12,531 5,117 91,335

1953-54 do. 3,46o 2,936 4,639 4,2aJ 4,159 3,495 3,966 4,o88 3,399 4,lo8 2,64o 3,776 44,686 1954-55 do. 3,212 3,427 5,Bo3 4,647 5,247 3,64o 3,696 3,911 6,574 4,162 3,053 3,023 50,395 1955-56 do. 3,632 2,938 3,746 5,aJO 4,169 2,575 3,485 3,612 3,597 2,849 2,436 1,355 39,594 1956-57 do. 1,571 2,aJ6 2,o65 2,795 2,488 1,473 1,664 1,902 1,296 1,509 1,635 1,702 22,))6

liOOL Avor- ThowiiUid

1948-49 to 1952-53 pounds 7,099 7,919 13,392 13,002 9,755 9,872 10,630 y10,96o y12,936 l1,176 10,172 l1,249 126,362

1952-53 do. 17,790 14,478 21,378 16,8oo 10,584 10,410 13,632 9,498 14,598 ll,l30 8,676 8,982 157,956 1953-54 do. 4,848 7,278 6,330 9,120 8,886 6,396 4,170 4,626 8,562 12,834 9,6o6 11,076 93,732 1954-55 do. 7,386 10,674 6,324 §/15,276 16,254 9,972 8,676 5,298 5,454 3,684 5,04o 4,614 98,652 1955-56 do. 4,128 7,518 6,996 3,ZTO 5,556 4,284 3,498 3,126 3,492 4,008 3,876 5,o82 54,834 1956-57 do. t.,26o 5, 3<0 7,968 6,t.oa l1,8o8 l1,64o 7,542 10,746 7,002 14,826 9,6oo 5,388 102,526

·-- 1----WOOL TOPS

Avor- -1934-35 to 1938-39 poundo 2,t.o8 1,657 2,452 2,836 3,793 2,317 2,746 3,028 2,574 2,920 3,123 3,582 33,436 1948-49 to 1952-53 do. 5,978 7,4l1 10,774 11,o84 10,432 7,414 8,976 ?! 6,94o ?/10,349 8,490 8,012 7,789 105,6<9

1952-53 do. 13,16o 12,2>5 15,28o 16,575 16,510 10,555 14,l15 10,870 14,965 l1,730 10,2aJ 8,725 154,910 1953-54 do. 5,235 6,16o 6,Bo5 8,075 7,055 7,395 5,030 4,350 12,400 16,300 l1,575 13,16o 103,54o 1954-55 do. 6,100 8,765 7,76o 13,665 17,275 9, 705 10,535 8,795 9,750 7,075 10,925 9,305 l19,655 1955-56 do. 8,44o l1,265 9,490 4,020 8,980 5,315 4,105 6,725 6,100 7,035 5,850 8,895 86,220 1956-57 do. 6,88o 6,aJO 6,855 7,815 lD,l.50 9,6aJ 7,150 7,1.25 7,955 12,400 9,685 4,925 98, 76o

Bl1l'T2R y A..,.."""

1934-35 to 1938-39 Ce.rlots 1,530 1,8o9 1,546 2,284 2,833 2,216 2,095 1,383 1,276 537 1,016 1,493 oo,olB 1948-49 to 1952-53 ole. 831 78o 809 1,230 1,106 1,022 723 226 8o8 159 293 354 7,741

1952-53 do. 953 759 650 1,48o 921 1,300 786 185 157 21 61 aJ 7,293 1953-54 ole. 6 " 12 28 ll 1 1 4 2 18 19 9 115 1954-55 do. 1 15 17 3 9 0 ·o 0 0 21 17 14 97 1955-56 ole. 15 4 19 25 10 0 0 0 0 0 0 0 73 1956-57 ole. 0 0 0 0 2 0 0 0 0 0 0 0 2

I!JJ(J6y A~;e 35 to 1938• 39 Carlot& 2,243 3,168 5,249 6,752 6,099 5,218 2,725 1,383 1,476 2,931 2,9ll 2,303 42,458

1948-49 to 1952-53 do. 10,104 10,549 13,698 13,542 10,245 8,333 4,o81 2,942 5,48o 8,681 9,954 8,898 106,507

1952-53 do. 1t.,247 12,303 18,322 17,482 13,196 l1,744 5,687 <,100 10,230 15,005 l1,127 12,145 145,588 1953-54 do. ll,359 9,772 15,5l1 18,6o2 12,786 l1,269 8,967 7,037 12,947 15,913 10,1ll 14,889 149,163 1954-55 do. 19,047 25,194 30,289 24,305 16,539 16,038 13,9o6 aJ,392 22,472 23,891 21,947 24,487 258,507 1955-56 ole. 39,167 42,296 4o,751 59,057 49,315 t.2,858 28,424 14,o4o 17,595 17,734 27,462 47,aJ1 425,900 1956-57 do. 36,779 61,229 <3,536 38,946 35,175 29,228 17,o44 9,049 18,755 14,828 36,481 27,766 368,816

l'O'W'OES y Avor-

1934-35 to 1938-39 Carlota 4o 91 83 170 118 116 189 172 295 147 35 10 1,466 1948-49 to 1952-53 do. 1,500 J,o8o 3,035 3,628 2,925 3,634 3,0C)l 3,6o8 3,123 2,276 1,031 1,172 32,013

1952-53 do. 6,018 13,629 l1,868 12,853 8,719 13,987 12,44o 14,813 13,126 9,689 3,562 2,7<5 123,449 1953-54 do. 3,395 3,030 3,691 4,191 5,367 5,652 9,035 7,271 8,578 6,572 5,693 5,050 67,525 1954-55 do. 11,770 15,928 13,446 16,774 17,2:>2 15,Bo9 12,577 a>,4o7 27,190 29,661 14,706 1,716 197,186 1955-56 do. 4,118 3,731 1,aJO 3,109 3,678 2,776 11,126 12,830 23,505 35,468 ro, 705 4,093 126,339 1956-57 do. 15,215 10,398 8,24<> l1,577 10,105 9,314 12,779 10,76o 15,&:>1 15,164 17,oo8 817 137,178

·--ODIOJIS y

AYerage 1948-49 to 1952-53 carl.oto 2,oo8 6,366 6,586 6,168 7,446 10,385 15,427 17,188 13,861 485 855 948 87,723

1952-53 do. 3,705 9,212 7,522 l1,329 7,577 17,505 19,747 30,314 27,188 562 1,156 932 1)6, 749 1953-54 do. 3,891 6,563 3,463 6,365 5,649 7,345 10,451 6,736 7,032 2,13l. 6,326 10,341 76,293 1954-55 do. 12,4o7 16,769 9,0t.5 14,661. 17,697 23,447 29,16o 18,579 12,380 1,oo8 2,48< 6,570 164,3>7 1955-56 do. 10,869 17,962 1/13,009 u,l28 14,969 1<,954 17,329 14,785 4,617 1,113 2,143 3,917 126,795 1956-57 do. 7,170 9,046 3,8o7 4,552 7,48< 8,449 14,221 23,755 5,730 1,382 1,6o4 2,029 89,229

·--carroHSEED OIL

ATerage Thousand 2,222,406 1934-35 to 1938-39 poundo 154,836 aJ3,964 177,9<2 168,372 153,9<2 191,754 211,836 245,04o aJ3,538 189,090 143,010 179,o82

1948-49 to 1952-53 ole. t.o8,864 452,46o 424,o8o 4ll,a>4 5aJ,482 483,4o2 486,786 335,514 371,610 437,388 430,3aJ 458,328 5,220,438

1952-53 do. 392,04o 531,84o 48o,36o 241,86o 188,3<0 aJ9,94o 171,J.a> 215,400 aJ7,7Bo 99,7aJ 155, 76o 156,120 3,050,2fl0 1953-54 do. 155,28o 66,66o 93,48o 50,400 36,54o 79,86o 64,560 65,3<0 77,580 79,8oo 57,48o 44,700 871,6110 1954-55 ole. 52,68o 42,J.a) 44,94o 48,7aJ 57, 7Bo 76,aJO 87,4aJ 84,7aJ 126,18o 76,14o 53,3<0 74,94o 825,180 1955-56 ole. 81,4aJ 85,8oo 159,6oo 159,300 192,42:1 165,48o 367,14o 4ot.,100 <17,6oo 474,18o 576,84o 367,9Bo 3,451,860 1956-57 do. 294,18o 362,2aJ 251,88o 442,68o 461,76o 371,04o 464,8aJ 341,3<0 46o,560 395,28o 350,46o 355,6aJ 4,551,840

OOYBZAlf OIL y Avor- Thousand

1,93>,840 1948-49 to 1952-53 poundo 90,468 85,380 98,256 195,276 277,152 253,428 239,64o 126,672 126,4aJ 131,580 147,6oo 148,968 I -

1952-53 do. 181,74o 238,9aJ 254,o4o 319,980 310,6aJ 342, 7aJ 243,360 230,ZD 247,68o aJ0,94o 241,980 236,5aJ 3,048,73> 1953-54 ole. 246,4aJ 193,500 223,560 353,700 327,24o 377,28o 3l2,4a> 352,o8o 616,oro 691,500 614,700 4o2,84o 4, 711,260 1954-55 do. 4l1,36o J,J,S,oa:> 490,14o 458,94o 291,300 3o8,100 276,o6o 254,100 413,16o 271,300 355,380 3t.Q,6aJ 4,318,500 1955-56 ole. 347,76o 305,94o 512,23) 47<,7Bo 396,6oo 353,2aJ 5aJ,8oo m,24o 9aJ,5aJ 1,076,160 1,491,360 ,oo8,600 8,1.85,a>O 1956-57 ole. 935,580 616,6aJ 673, 74o 1,516,380 l,4ol,48o 1,517,800 1,325,l00 963,48o 1,028,23> 947, 76o 924,6oo 732,4aJ 12,583,al0 -----------·

COJ.Il.VDIT'l FU'!'IJJlES 13

'!'llblc 2.--l·bnth1Y volume of trading on o.ll oontra.ct m.o.rY..cta coroblncd, o.varo..ge 1513h-35 to 1938-3:;.1 and 1948-4r; to 1952-53, ~~ 1952-53 to 1956-57--Contlwed

-----------r;onmodity tmd year Unit ----·-

LARD

i-us~ AvcrTJF.C 1934·35 to 1938-39 pounds 19'!8-49 to 1952-53 do.

1952-53 do. 1!153-54 do. 1951~-55 do. 1957-56 do. 19%-57 do.

-------·-- ---TALLOII

'l'housBDd Average 1934-35 to 1938-39 §/ poull<lo

1956-57 do.

BIWl Avcr(Jf.c

19Jli·35 to 1938·39 Tons 191!8-49 to 1952-53 do.

1952-53 do. 1953-54 do. 1950·55 do. 1955-56 do. 19%-57 do.

SHORTS Avera.ge

1930-35 to 1938·39 Tons 1908-49 to 1952-53 do.

1952-53 do. 19)3-50 do. 1950-55 do. 1955-56 do. 1956-57 do.

MIDDLINGB Average

19Jll-35 to 1938·39 Tons

1955-56 do. 1956·57 do.

Average COT'IONSEED MEAL !f 19Jll·35 to 1938·39 Tons 1908-49 to 1952-53 do.

1952-53 do. 1953-54 do. 1950-55 do. 1955-% do. 1956-57 do.

Avoro.e:o SO:tBEAN MEAL '!)

1908-49 to 1952-53 Tone

1952-53 do. 1953-54 do. 1950-55 do. 1955-56 do. 1956-57 do.

lJ All typea of eontrocta. Y 4-ycar rwornge.

-~

99,560 233,072

ll8,560 122,360 247,800 121,360 159,520

g/3,420

---

35, )80 33,090

21 ,o6o 1.0,650 ll,670

3,6oo 2,500

10,710 16,290

20,310 5,2Bo

13,8oo 2,94o

360

3,210

1,155 1,785

62,94o 36,26o

12,4oo 7,6oo

24,900 15,500 9,900

78,100

66,000 168,500 546,8oo 414,700 625,2)()

------Aue· Sept. Oct. l!ov. -- ----- --

lllo,870 96,611o 84,lllo 103,lllo 241,728 203,904 187,4o8 155,000

156,120 191,96o 150,l6o 93, 76o 169,520 246,920 166,1.20 l6l,o80 283,16o l69,611o 2a>,920 258,48o 105,2Bo 128,2Bo ll5,920 l44,4oo 232,96o 148,"8o 278,"8o 255,000

g/2,490 g/1,470 g/1,500 g/1,44o

7,560 3,"8o 2,46o 1,200

38,o6o 36,505 30,44o 36,310 38,8o2 32,670 35,478 33,330

39,510 29,160 32,730 21,66o 8,250 14,88o 18,"8o 13,08o

ll,700 l.0,08o u,o4o 7,920 4,000 4,68o 1, 710 4,86o 2,52:1 1,68o 2,4oo 1,500

---

.12,055 7,030 7,720 9,490 13,464 17,778 15,036 16,512

16,770 20,730 24,750 13,050 9,78o 6,o6o 5,790 6,2.4o

13,02l 1.0,62) 13,o8o 8,370 1,1~ 1,7lD 2,76o 1,56o

0 720 1,050 120

3,300 2,250 3,500 2,870

84o 1,890 210 1,645 1,050 1,7~- 420

1---525

77,46o 66,51K> 72,360 52,900 36,54o 49,720 6o,500 49,34o

1,200 ll,4oo 19,6oo 5,800 6,200 8,700 7,4oo 13,3:XI

19,700 19,000 17,6oo 23,3:XI 23,500 21,700 30,800 22,900 8,700 18,000 19,500 12,000

75,611o 102,€oo 182,3:XI 171,76o

27,500 37,700 159,800 J.46,500 l.82,100 154,200 241,300 24o,4oo 573,700 450,000 615,900 578,6oo 421,4oo 625,200 6o2,900 558,500 4a:>,60o 479,000 819,4oo 6o2,700

'l/ 3-yc~ overogo; trcr.dinB in noybenn fut.W"es did not begin until October 5, 1936. Y 2-ycur avcr4Be. 2/ Loa a than 5001000 pound. a.

Dec. Jan. Feb.

ll3,4&> 104,"8o 93,210 159,33) 147,496 137,896

124,360 85,96o 90,080 273,080 278,920 1J7,68o 2l2,6oo 149,88o 85,88o 106,2Bo 158,720 143,240 185,320 241,00o 165,200

g/1,575 g/2,ll5 g/1,185

1,380 66o 6oo

26,050 31,980 33,720 32,706 28,668 2:1,262

26,46o 17,190 ll,100 17,l00 14,2Bo ll,790

5, 76o ll,04o 9,24o 2,28o 4,uo 2,o4o 2,100 2,04o 1,080

--

9, 725 9,700 7,395 19,374 17,874 13,464

19,830 00,070 14,370 9,330 8,o4o 8,100 6,24o 9,6oo 7,44o 1,02) 1,320 360

6oo 300 48o

3,130 3,930 3,23>

210 84o 210 315 0 420

51,080 58,300 63,46o 4o,l6o 33,4oo 25,400

9,300 4,200 9,200 15,800 20,900 36,200 )4,6oo 10,700 13,700 29,4oo 19,300 20,800 8,700 12,900 16,200

160,94o 146,500 139,58o

232,000 219,700 257,000 364,100 283,4oo 297,4oo 506,700 4li6,100 387,6oo 458,900 499,4oo 508,700 397,200 717,900 520,100

§I Figurcu prior to October 'i!T, 1954, obta.tned rrom tbc Wool Assoclo:tes or the Nev York Cotton Exchange, Inc.

Mar.

101,7~ 136,936

l03,1.6o 264,4oo llB,720 123,56o 145,000

y 780

0

29,955 20,358

ll,2a> 12,750 12,6):> 1,44o 1,300

10,795 17,298

18,990 9,84o 6,300

990 1,230

3,14o

735 84o

52,44o 29,720

9,000 27,500 l3,6oo 21,300 5,500

109,920

164,500 4oo,6oo 375,000 513,4oo 418,500

J! P'lgurcu prior to Soptember 24, 1955, obtained t'rom the Chicago Mercantile Exchans:c and the New York Hercantile Ex.change.

ry TrndJng in tallov futures did not begin until June 26, 1935; figureo obtnined from the Ne..., York Produce Exchange.

Apr. Ma.Y

U31030 1.26,976

89,720 133,816

94,88o 83,44o 325,520 375,88o 90,360 85,720

277,520 339,080 185,560 215,6oo

g/1,44o g/1,575

lllo 54o

23,470 25,225 18,786 1.4,250

9 ,"8o 7,080 9,300 4,44o 5,28o 3,o6o 2,430 720

360 0

9,780 6,6o5 .12,342 9,78o

13,350 7,560 7,380 6,000 3,81.0 3,48o

990 120 "8o 360

2,980 2,46o

525 1,155 315 105

53,800 :17,200 24,000 21,920

5,900 6,000 39,200 19,100 ll,900 17 ,a:x> 21,100 9,500 6,500 10,4oo

135,76o l20,24o

178,500 158,500 546,200 571,300 361,800 396,500 701,3)() 753,700 4)4,300· 365,500

IIOTE: See Ta.ble 1, ror datos or llllLUgUl'fltion, auspenalon, ll1ld reaumption of tro.ding durine the years 1952-53 through 1956-57. Cbisaion of' the l'J31~-35 to 1938-39 o.vcro.ge, the 191Ki-49 to 1952-53 e.verll8e, or o. year ln the period 1952-53 to 195o-5i' lnd ... cat.e& there vas DO .. rod..t.ng.

~ Total

92,690 1,272,7(/J 153,68o 2,017,232

l2l,611o l,414,o8o 340,44o 2,861,92? 104,160 2,027,)3) 2ll,080 1,974,720 226,920 2,439,o8o

2,364 21,354

"8o 18,54o

28,775 375,870 18,414 326,814

13,&:Jo 246,450 7,320 142,33) 3,lllo 102,6oo 1,080 32,970 2,160 19,68o

8,150 109,155 8,304 177,516

6,120 6,84o

195,900 88,68o

1,800 97 ,56o 1,080 15,990

48o 6,lllo

2,4oo 36,390

l,l.55 10,570 1,155 8,715

56,81K> 705,320 18,420 425,4oo

4,200 98,200 14,500 216,300 ll,300 217,400 10,800 246,6oo

4,700 133,000

ll7,J80 1,5'1<>,600

190,200 1,837,900 6o4,500 4,054,000 502,6oo 5, 741,:JX> 6o5,000 6,663,000 454,200 6,254,6oo

14

Total ~-

COJftlDIU PW'URJ!S

To.blo 3.- -M:mtbJ..y volume or tr11dil'l8 on oach contract mo.rket, Jul.y 1956 to JUDe 1957

157,o82 1,750

0 1.31

198,681 2,oo8

5 130

261,263 2,274

35 132

179,779 1,287

0 72

142,3aJ 1,657

0 76

158,963 200,824 263,704 181,138 144,053

156,366 1,026

0 35

186,861 157,427 -----------11----1---+----------------- -~--- --------------------- - . --

OA!I'S Chicqo Board or Trade Cbicoao Open Board ot Tro4e Milmeapol.ia GraiD ExchaDs:e M1lvaukee Gro.in Bxchaztae

Total

RYE

Thouo!Uid bwJholo 91,338 76,170 41,832 47,252 68,730 50,653 31,659 ~- m ~ m ~ ~ ~ • ~- 5,313 9,431 3,685 2,927 6,507 1, 789 1,281 ~- 45 57 139 141 46 70 27

1---'--11--'--t----- - ·-·-- - -~- 97,429 86,o86 45,949 50,652 75,675 52,917 --33,129

36,286 85

1,438 51

32,748 25

959 37

193,738 1,528

10 lll

195,387

47,630 223

2,984 39

196,586 1,106

0 6o

197,752

189,943 1,415

0 2l

2,256,09/1 18,573

l.05 1,ll6

191,379 2,275,6il8 ---------- ---- ---

37,9aJ 43

1,658 458

596,9a) 3,1Tf

4o,o:;o 1,221

643,368

Chicago Board ot Trodo Cbicoao Open Board ot Tra4e MiDDeapollo Grain P.xchazJp Milvoukee Qroi.D Exc:haDge

Thouo!Uid bushels ~­~­~-

56,648 84,885 69,121 73,476 94,428 59,aJ2 70,057 67,996 64,394 75,903 72,186 1101,'9594 899,255 523 739 645 890 1,228 8o1 1,024 947 999 729 797 4o 10,726 712 796 487 295 199 102 125 63 32 112 42 10 2,975

r---ll~3~----4o--r----1~3+---~13~-----10--r-----2+-----15~----~5-r------~-----~5-~5-r-----o-+--~90~r---~3~% Total ~- 57,996 86,46o 70,266 74,674 95,865 6o,l07 71,221 69,0ll 65,425 76,799 73',025 112,463 913,312

---------+---+---r-----------+-----r---1---+---t----4-----+---4---~l---+~~-

639 876 8ll 684 121 94 624 416 172 6,147

IIOYBEAIIB Cbicaso Board ot '1"1'114e Chicaao Open Board ~ Tra4e 111lmoapo11o Gra1n El:champ Kmuloa City Board ot Tl"a4e

TbouHD4 bwJho1a

do. do. do.

46o,273 5,342

5

337,451 476,247 477,293 432,217 454,475 Jli4,613 278,78o 300,726 306,243 244,429 4,415,021 4,134 5,288 6,754 7,093 7,376 5,353 4,757 5,749 4,748 2,7aJ 63,651

30 5 0 0 5 0 0 0 0 0 ~ !/340 24o 135 ll5 8o 0 0 0 0 0 9l.O

_________ To_tal __________ -+---~-----+46 __ 5~,6_ro-lr-30_6~,8_u __ r-34_l~,9_5_5-r_481 __ ,_7ao __ r_484_,_182 __ -r_43_9_,_42_5~--46-1_,9_36 __ r-34-9_,966 __ -+_28_3_,_537 ___ +-30-6_,_47_5-+-310--'_99_1-+-24-7_,_149 __ +-4-,4-~_._&.n_ GIIAIR IIOIIGJIIJIII

Klmaaa C1 ty Board ot Trade Cb1coao Board ot Tro4e

Million pouD4.D ~-

Total ~-

OO'l'l'ON ThouoiUid

0 0

0

0 0

0

1.4 0

1.4

o.8 10.5

o.6 2.4

3-0

0 0

0

Bev l'ork Cotton El:champ bales 1,158 1,674 1,616 2,230 2,031 1,134 Row OrloiiDII Cotton El:cllenp do. 4o3 519 444 558 453 329 Cbi~oao Board ot Trade ~. 10 13 5 7 4 10

0 0

0

1,299 362

3

0 0

0

1,561 33~

0 -3

-3

l,o83 210

3

0 0

1,199 307

3

0.6 0

.6

1,237 396

2

o.8 0

.8

1,293 4o6

3

4.2 13.2

Total do. 1,571 2,206 2,o65 2,795 2,488 1,473 1,664 1,902 1,296 1,509 1,635 1,702 22,~ ---------------~---+--~----+--+-----r----+----~---~--~------1----~----------------

WOOL Wool Aaaocia.teo ot the Rev 'l'bousaD4

7,002 14,826 fork Cotton Excho.Dse, Inc. pouD4JI 4,26o 51 3'fo 7,968 6,4o8 ll,8o8 11J61f0 ----------~~---t------+----4-----+-------r------r---~-----+----~-----~----+-----~---­

WOOL roPB ·d'ool. A.soc!atea ~ the Rev Thownm4

York Cotton El:champ, Inc. pounds 6,88o -----------~~--~----+~~--

6,200 12,4oo--1 __ _:_9_:_,68~5+ __ 4~,9_2_5+ __ 96 __ , 1_1JJ_ 8,855 9,6aJ l.O,l50 7,125

BU!l"l'l!R Cb1caso Mercantile l!:l:chaup

Btor- Coatract ----'=------------l----+---1----+----+---l--+------l-----+----t-------+----+----+·----I:---­

EOGS

Car lots 0 0 0 0 0 0 0

Cb1cqo Marcant1le E:IC:cbiU:lge Retr!prator Contract Fresh Contract

Car lots do.

36,779 61,229 43,536 0 0 0

35,175 0

16,978 66

9,023 18,755 14,828 26 0 0

36,481 27,766 366,6115 0 0~

~--+-----~--~------+------Totol do. 36,179 61,229 43,536 38,946 35,175 17,044 9,049 18,755 14,828 36,481 27,766 36fl,6!6

---1----------------------- ----· --- ---------------------l------~----+-----+-----+-----4-------­l'OTATOEB

Cbicoao -contilo El:champ Ruaset-llllk•

lfev York Marca.Dt!le E:rcha~Jce Culota 8 0 8 l2 26 12 6 0

MaJ.ne Orovn 15,ll07 10,398 8,232 ll,532 10,093 9,288 12,767 10,754 15,8o1 15,163 r-~-+-'---~----'-+-~--1----'--·--- 1------- ------ ----- 1- -- ----------------do.

_________ -__ aJ. __________ + __ do_. --+-1_5_,_2l_5-+ __ 10_,_3_98~ ____ 8_,_24D __ +_u __ ,5_77 __ r-10-'10 __ 5_t--- 9,314 1--12,779 10, !~ ~ao1 15,164

ORIORB

Carloto 7,128 9,009 3,793 4,532 7,433 8,428 14,134 23,747 1,381

815 m,o55 ---817 -~

1,6o4 2,024 Cbicoao -contilo El:champ

Tollov Ol.obe Type Contract Bev York llercontilo El:champ

Yellow Globe Type Contract do. r----42-t---~3:..:7-r-----14--+-----aJ- ~---~----~ --~- ---~-- ___ 1:._ ____ _:_ _____ ~ ____ ! ____ 3-4,552 7,484 8,449 14,221 23,755 5.730 1,382 1,6ol• 2,029 ---~ Total do. 7,170 9,046 3,807

----------------'----·-------- ---- ~------ ------- ---- - ----------------- ··-··- -------- ------- ·------ -----

Tabla 3.--Monthl.,y vohzme ot tradina: on each contract market, Ju.l.)" 1956 to June 1957--Cootinuad

------------ .. -ity Oll4 -kat Unit

CO'I"l'ORBEED OIL =-!leV York Pro4Uca .11!1cchallge pound• nev Orleano Cotton Eleclumge do. Cbieo.go Boo.rd. ot Tro.do do.

'l'otol do. ----~-~

OO:tBEAJ! OIL Tbouoon<l

""" York Pro4uce Excllt.anBe pc>UD4D Chicago Boord or Trodo do.

Total do.

LllRD Tbouoon<l Cbictago Board ot Trade poundo

-TALL0\1 =-NOll' York. Produce Elcchonge pc>UD4D

BRAN KonDOD City Boord ot Trade Ton•

BllOR'l'B Kan.Gno City Board ot Trade Tone

l<IJJDLIIIOS J{D.nJJtLO City Board or Trode Tona

CO'I"l'ONBEED MEAL !mphio Board ot Trade

Clenring ADaocio.tion Solvent Procesa To no Old Proeeas do.

Totol. do.

BOYBEAJ! IlEAL Memphio Board ot Trsdo

Clearing Asoociation Eo.atern Trunk Line Tons Unrc.otrtcted do.

Chicago Bonrd or TTo4o do.

Totol. do. -

!) Tr<ldlns began Septembor 18, 1956. 'E/ Trtlding reoumed August 1, 1956.

)} Tr<ldins begon July ~. 1956.

.----··------Jll.l,y Aug. Sept. ·---1------- ---

293,1100 36<>,420 25].,26o 0 0 0

7/Jo 1,8oo 6oo

29<,1Bo 362,220 251,88o ~------ ------·- ------

12,814o 8,520 3,420 922,74o 608,100 670,320 ----935,5/Jo 6~,620

r----673,74o

159,520 232,%0 148,4&>

--- g/7,56o 3,4&>

2,520 2,5a:> 1,6/Jo

36o 0 720 ------

~.785 1,050 ~.785

9,500 8,300 ~.200 J/1100 1100 1,8oo

9,900 8,700 ~.ooo

7,1100 20,1100 ~.ooo ll2,900 96,000 87,500 504,900 304,200 373,500

625,200 420,6oo 479,000 --'--·-- ---

-·---·--- ,-------- -·-----·---Oct. -· Dec. Jan. J'eb. -· kgr.

1-------·--f----------1--44~,720 Ju5~,o4o 370,980 '<64, 76o 340,620 459,66o 394,8oo

0 0 0 0 0 720 l.8o %0 720 6o 6o 720 l.8o 300

442,6/Jo lu51,76o 371,04o '<64,820 30~.34o 46o,56o ~5,26o -·----- ~~---- --·----- --·--r----r-----

15,%0 13,68o 9,300 u,o4o 10,980 13,200 7,26o 1,50(),43:) 1,387,8oo 1,508,500 1,314,000 ~-500 1,015,02:> 94o,500 ----- ----- ...:__·_

1,516,3/Jo 1,40l.,48o 11517,800 1,325,100 963,4&> l,o26,22:) 907,76o ·---r----- ---- ---'---1--

278,4&> 255,000 ~5,320 201,o4o ~5,200 145,000 ~5,56o

2,46o 1,200 1,38o 66o 6oo 0 l.8o

2,1100 1,500 2,100 2,040 1,080 1,320 36o

1,050 = 6oo 300 4&> 1,2)0 4&> ------- ----·

420 525 515 0 420 84o 515 ---

19,~ i 1.0,700 8,500 ll,200 131700 4,900 6,100 1,300 200 1,700 2,500 6oo 1100

19,500 ~.ooo 8,700 ~.900 ~.200 5,500 6,500

! !

~.1100 8,1100 900 6,900 6,200 6,6oo 9,8oo 136,900 101,500 56,300 92,1.00 91,8oo 76,8oo 68,100 670,100 1 492,/Joo 34o,ooo 6~,900 422,100 335,100 356,1100

~~·4<lo_~2,2_00 _ _!97 ,200 717,900 500,100 418,500 430,300

lS

lfOQ' Jlmo To tel.

350,100 355,500 <,544,26o 200 = 1,26o = 0 6,300

350,46o 355,620 4,551,84o

6,66o 10,6/Jo m,54o 917,94o 721,74o l2,459,66o

92<,6oo 732,420 l2,583,:a:IO

215,6oo 226,920 2,439,0/Jo

54o 4&> ~.54o

0 2,~ 19,6/Jo

36o 4&> 6,l.8o

105 1,155 8,715

9,200 4,700 122,1.()() ~.200 0 10,900

10,1100 4,700 133,000

7,000 14,1100 ~.4oo )6,6oo 431000 999,500

321,900 396,8oo 5,136, 700

365,500 <54,200 6,254,6oo

16 OOMIIlDI~ I'IJ'l'UREB

Table 4. --Moo~ vohme or traililll! on Principal 1118l'keta, by t'uture, Jl1l,y 1956 to Juno 1957

---l"u-tur_• __ _,__~ Aug:l Sept. Oct.

WIIEM, Chicaso Board or Trade (In tllouaallda or buahola) --

1956 J\1l,y 41,6llo --- --- --- --- --- --- --- --- --- --- -·-1956 September 146,392 59,771 17,504 --- --- --- --- --- --- --- --- --· 1956 Dec-er l32,94o l66,6o5 127,522 119,547 96,371 24,450 --- --- --- --- --- --· 1957 Morcb 58,324 73,947 49,317 61,421 103,000 6o,l.06 69,961 63,669 00,646 --- --- --· 1957 1183' 35,717 68,313 57,001 75,2l.8 98,623 94,869 75,46o 89,978 125,651 134,250 63,982 ---1957 J\1l,y ~oldl --- l5,4o9 4o,6o9 63,733 55,093 65,267 99,072 103,735 100,093 115,094 113,093 57,006 1957 J\1l,y ...... --- --- --- --- --- --- --- --- --- !I 9,908 23,058 68,443 1957 September ~oldl --- --- --- 7,792 7,899 11,916 21,888 25,300 38,870 37,169 31,324 19,422 1957 September IIOV --- --- --- --- --- --- --- --- --- !I 4,498 17,127 79,745 1957 Dec-.r ~oldl --- --- --- --- --- 446 6,097 10,092 2l,002 26,485 00,957 15,303 1957 Dec-or ....., --- --- --- --- --- --- --- --- --- !I 6,729 25,555 68,291 1958 llarcb --- --- --- --- --- --- --- --- --- 1,998 22,004 48,001 1958 1183' --- --- --- --- --- --- --- --- --- --- --- 27,463

Total 415,013 384,245 291,953 327,711 361,006 277,054 272,498 292,794 325,262 336,131 317,100 383,874

WHEAT, Mi"""apclil Grain E><cb&llfiO (In tllouaallda or bushels)

1956 J\1l,y 4,931 1956 September 23,893 31,o86 3,919

5,811 1956 Dec-or 5,457 24,353 27,86o 25,750 24,026 1957 ~ 363 2,279 2,012 7,229 17,100 23,928 23,690 18,476 15,434 3.5,989 5,245 1957 Jl1l,y ~oldl 00 105 181 773 .1,003 1,183 2,287 3,312 1,763 2,100 1,502 1957 J\1l,y ...... y 869 4,371 11,445 17,158 1957 September ~oldl 52 26o 251 lD8 83 210 1957 September nov J/ 117 1,449 5,727 1957 Dec-er 30 730

Total 34,644 57,738 33,916 33,160 41,899 30,6o2 24,925 21,023 19,866 22,348 00,352 25,327

WHEAT, Kanaaa City Board or Trade (In tllouaalldo of buahelo)

1956 J\1l,y 9,100 1956 lleptelllber 35,799 15,584 3,o83

18,884 16,322 1956 De.-er 19,305 19,953 15,904 2,555 1957 llarcb 2,485 5,147 4,654 9,752 17,142 16,365 15,237 13,422 3,4o1 1957~ eo5 2,438 1,851 4,465 7,428 9,217 9,736 13,026 16,633 13,187 3,34o 1957 J\1l,y ~oldl 14o 869 3,622 3,171 3,091 5,174 4,053 5,2o8 2,399 642 1,094 1957 J\1l,y nov 1Y 5,363 10,600 14,869 15,183 1957 September ~oldl 10 196 451 4o4 005 so 100 1957 September new IY 435 1,335 2,931 14,402 1957 De.-er ~oldl 370 65 70 134 133 1957 De.-or nov }/ 45 1,812 4,302 7,166 1958 llarcb 6o 1,030 2,522 1958 1183' l60 963

Total 67,514 43,262 26,361 36,723 44,073 31,233 30,713 31,017 31,559 29,752 27,457 41,430

OORII, Chicaso Board or Trade (In tllouoando or buahe1o) -·

1956 J\1l,y 30,951 --- --- --- --- -·- --- --- --- --- --- ---1956 Sep- 67,318 64,974 38,850 --- --- --- --- --- --- --- --- ---1956 Dec-.r 81,007 101,650 87,121 100,447 116,564 29,848 --- --- --- --- --- ---1957 llarcb 16,919 21,365 19,763 ~7,342 6o,794 54,370 38,165 41,597 9,271 --- --- ---1957 ~ 1,559 8,168 8,232 31,577 64,633 66,344 59,223 82,645 78,925 77,217 18,6o9 ---1957 J\1l,y --- 839 3,116 8,290 15,544 21,133 26,448 36,590 41,661 70,572 93,253 81,098 1957 September --- --- --- 1,025 3,728 6,876 8,430 13,143 12,922 19,053 26,934 42,329 1957 Dec-or --- --- --- --- --- l,2o8 10,054 11,611 13,587 24,06o 48,642 51,649 1958 llarcb --- --- --- --- --- --- --- --- --- 2,816 9,148 13,167 1958~ --- --- --- --- --- --- --- --- --- --- --- 1,700

1---189,943 Total 197,754 196,996 157,o82 198,681 261,263 179,779 142,300 185,586 156,366 193,738 196,586

OA!l'S, Chicaso Board or Trade (In tllouaalldo or buahe1o) ---1956 J\1l,y 7,794 --- --- --- --- --- --- --- --- --- --- ---1956 Septemb~ 27,330 15,222 5,143 --- --- --- --- --- --- --- --- ---1956 Doc-.r 38,470 31,001 19,522 21,474 25,147 10,151 --- --- --- --- --- ---1957 llarcb 14,66o 16,76o 8,325 13,021 19,328 19,976 13,000 12,223 7,654 --- --- ---1957 ~ 3,o64 12,681 7,6o4 10,765 00,978 16,521 14,537 18,681 17,419 22,456 9,721 ---1957 J\1l,y --· 306 1,238 1,761 2,877 3,673 3,592 4,126 5,066 14,886 12,944 u,674 1957 September --- --- --- 231 400 332 530 1,190 2,195 6,556 7,167 12,902 1957 Doc-.r --- --- --- --- --- --- --- 66 414 3,732 6,5()8 u,407 1958 llorcb --- --- --- --- --- --- --- --- --- --- 362 1,755 1958~ --- --- --· --- --- --- --- --- --- --· --- 182

Total 91,338 76,170 41,832 47,252 68,730 50,653 31,659 36,286 32,748 47,630 36,702 37,920 -

COMMlDI'l'! FU'IIJRE8 17

Table 4.---thl;y volume or tredill8 on principal markets, by tuturo, JUJ.y 1956 to Juno 1957--Continued

Future ~ Jul.y I Aug. Sept. Oct. Nov. Doc. LJ~ :reb. I -·] ~r. May Juno

------RYE, Chicago Boerd ot Trade (In thou0llll4a or bushels)

1956 July 3,576 1956 Sept<lllber 00,294 13,432 2,239 1956 December 24,440 4o,697 28,248 24,026 l6,122 4,l6o

l2,673 4,574 1957 lhrch 6,695 21,308 22,930 23,255 33,494 00,662 l6,833 1957 ~y 1,643 9,448 14,578 21,213 37,117 27,517 38,832 36,982 35,697 30,314 11,948 1957 July 1,l26 4,982 7,679 6,l64 11,691 13,611 l7,26o 25,305 26,500 27,196 1957 Sept<lllber l6 6ol 1,625 3,394 4,eo4 l2,548 l6,66o 32,270 1957 December 98 1,070 1,336 2,059 7,736 l6,642 38,400 1958 Mnrch 416 l0,322 1958 PAY 2,751

To tel. 56,648 84,885 69,l2l 73,476 94,428 59,002 70,057 67,996 64,394 75,903 72,1.86 ll0,959

FLAXSEED, Mi~apolio Grain !):change (In thousonda ot bushels)

1956 July 30 1956 September 364 6o4 l67 1956 December 245 272 622 548 861 l03 1957 IOJxch l 8 7 lO l2 l 1957 ~y 21 l28 358 133 l09 226 75 481 237 1957 July 11 19 l26 l6o 113 1957 Sept<lllber 17 19 59

To tel. 639 876 811 684 1,226 246 121 238 94 624 4l6 172

SOYBEANS, Chicago Board ot Trade (In thousonda of buabels)

1956 JUly l26,78l --- --- --- --- --- --- --- --- --- --- ---1956 Sept<lllber 137,742 89,241 35,636 --- --- --- --- --- --- --- --- ---1956 November l25,695 125,466 162,710 l6o,890 37,465 --- --- --- --- --- --- ---1957 January 37,796 41,344 57,889 l32,4o7 1.87,937 U2,850 48,330 --- --- --- --- ---1957 IOJxch 24,625 26,598 36,053 79,252 l00,368 l22,359 138,752 74,686 26,559 --- --- ---1957 ~ 7,634 19,625 41,338 75,499 l06,135 134,881 176,494 165,215 145,027 l33,934 61,686 ---1957 July --- --- 3,825 28,199 42,779 48,863 68,144 73,056 73,169 88,570 l27,045 86,735 1957 Sep-r --- --- --- --- 2,6o9 13,264 19,147 l6,858 14,869 33,679 46,783 6o,300 1957 November --- --- --- --- --- --- 3,6o8 14,738 1.8,709 35,m 55,174 69,028 1958 January --- --- --- --- --- --- --- --- 447 8,766 14,038 21,258 1958 IOJxch --- --- --- --- --- --- --- --- --- --- 1,517 7,l08

Total 46o,273 302,274 337,451 476,247 477,293 432,217 454,475 344,613 278,780 300,726 306,243 244,429

CO'I'l'ON 1 Nev York Cotton Exehenge (In thousands ot bel.es)

1956 JUly l36 1956 October 237 273 212 70 1956 December 337 543 390 6o2 473 61 1957 IOJxch 007 270 27l 439 455 286 4o7 273 44 1957 ~ 131 259 300 499 390 265 323 388 312 305 99 1957 JUly 42 154 218 264 247 139 194 198 170 l65 169 l22 1957 October 57 l23 137 oo6 270 all 1.83 213 all 190 212 176 1957 December 11 52 82 124 158 l28 lOO = l6o 1.80 224 234 1958 March 6 26 30 4o 41 98 73 79 llO l25 1958 ~ 8 14 33 73 72 86 l35 1.34 1958. JUly 18 47 51 l04 119 192 1958 October 90 l69 282 1958 December 28

Totol 1,158 1,674 1,616 2,230 2,031 1,134 1,299 1,561 1,o83 1,199 1,237 1,293

COTION1 Rev Orleans Cotton Exchange (In thouae.Dda ot bales)

1956 July 33 1956 October 84 61 43 15 1956 December l05 159 74 131 l06 8 1957 Morcb 6o 65 6o 68 79 74 64 21 5 1957 ~ 65 = 101 = 77 77 u8 84 34 42 1.8 1957 JUly 25 44 78 94 64 4o 72 36 37 45 41 4o 1957 October 26 62 62 91 81 69 49 81 64 6o 79 53 1957 Decomber 5 17 2b 41 34 39 28 64 35 50 74 48 1958 March 7 lO 18 lO 15 11 14 37 46 1958 Mo,y 2 4 9 17 17 26 31 50 1958 JUly l2 11 7 29 32 47 1958 October 41 84 117 1958 Dacember 5

To tel. 4o3 519 444 558 453 329 362 335 2lO 307 396 406

18

Future

1956 Jul,y 240 1956 October 852 1956 December 1,170 1957 !Brch 1,176 1957 .!oey 306 1957 Jul,y 432 1957 October 84 1957 December ---1958 lm'ch ---1958 MBy ---1958 Jul,y ---1958 October ---

Toto.l. 4,26o

1956 Jul,y 275 1956 October 1,505 1956 December 1,655 1957 !Brch 2,165 1957 MBy 815 1957 Jul,y 36o 1957 October 95 1957 December 10 1958 -ch ---1958 MBy ---1958 Jul,y ---1958 October ---

Toto.l. 6,88o

1956 September 23,619 1956 October 10,283 1956 November 2,398 1956 December 355 1957 JODWU"y 124 1957 September ---1957 October ---1957 November ---1957 December ---1958 January ---

Toto.l. 36,779

1956 November 10,108 1956 December 8o 1957 January 193 1957 February 14 1957 !Brch 4,526 1957 April 272 1957 ~y 14 1957 Nov-er ---1958 Jenuary ---1958 !Brch ---1958 April ---

Total 15,207

1956 November 1old) 4 1956 November new) 2,953 1957 JWIUery 3,833 1957 February 338 1957 lm'ch 1957 November 1958 JWIUe.ry 1958 February

Total 7,128

COMMJDITY FU'l'URES

Table 4.--l-bnthly volume ot trading on princip!il markete, by f"uture, July 1956 to June 195.7-..COntinued

Aug. Sept. Oct. Nov. Dec,

WOOL, Wool Aosociates of the New York Cotton Elcchange, Inc. (In thoueands of pounds) -.------ --------- ~-

--- --- --- --- --- ---930 96o 222 --- --- ---

1,368 2,076 1,578 1,416 792 ---1,644 2,490 2,o82 4,368 4,938 2,130

426 1,026 1,320 3,174 2,772 1,968 726 966 696 1, 728 1,944 1,716 186 336 282 786 774 1,272

6o 114 228 300 336 288 --- --- --- 36 66 96

1,932 510 2,178 1,596 1,266 132 3,912 2,670 4,224 1,506 1,068 1,506 990 3,756 3,024 1,2511

414 828 2,478 2,922 1,818 402 336 1,740 1,422 810

--- --- --- --- 18 72 --- --- --- --- --- ---

342 66 1,068 354 222 6o 6 294 240 162

--- --- --- --- --- --- 54

5,340 7,968 6,408 11,8o8 11,640 7,542 10,746 7,002 14,826 9,600 5,]8(1 '-----------'-----

WOOL 'l'OP8 1 Wool Associates of the New York Cotton Excho.nge, Inc. (In thousands of pounds)

--- --- --- --- --- --- --- --- --- --- ---1,210 1,4CO 555 --- --- --- --- --- --- --- ---1,715 1,630 1,800 1,81.0 28o --- --- --- --- --- ---2,000 2,905 2,870 3,850 3, 715 1,925 1,515 1,130 --- --- ...

66o 1,390 1,095 1,88o 2,28o 1,610 1,900 1,625 1,570 435 ---46o 905 1,050 1,570 2,200 1,185 1,645 1,835 2,950 l,l6o 715 150 565 245 700 830 655 950 1,365 2,950 2,770 1,335

5 6o 16o 340 26o 1,090 675 1,350 2,6o5 2,685 1,205 --- --- 20 --- 50 385 200 495 1,685 1,775 925 --- --- --- --- 5 300 195 155 46o 465 350 --- --- --- --- --- --- 45 --- 18o 395 155 --- --- --- --- --- __ ___::~- -------=~ I---

--- --- --- 1&> ·--· --- --- ··----·-

6,200 8,855 7,815 10,1.50 9,620 7,150 7,125 7,955 12,4oo 9,685 4,925 --- --- ·--- '------ -'---·

EGGS, "Refrigerator Contract," Chicaeo MercnntilCl EPccbange (In carlot.o) ------,------~---~--

26,216 23,189 8,529 2,062 1,233

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

61,229

5,629 6o 97 20

4,254 321 17

------------10,398

3, 785 ---19,351 4,625 13,957 19,139

4,384 11,210 2,059 3, 730

--- 242 --- ------ ------ ------ --- --

1•3,536 38,946 -

3,583 18,895 11,508

846 343

9,617 17,266

2,084 182

35,175 29,149 ------'------- -

8,366 7,013 1,599

6,852 2,171

12,503 6,252

-- ---- -------l-----+-16,978 9,023 18,755

FOTATOES, "Maine Grown, 11 New- York Mercantile Exchange (In carlots) --- - ~---~

3,818 4,473 1,1.70 25 30 39 75

213 343 475 556 690 13 14 36 27 50 41

3,903 5,566 209 782

7,007 6,w ... 7,617 5, 779 2,830 8o2 1,457 2,549 2,361 4,997

51 324 564 623 1,766 2,434 7, 795 --- --- 106 9> ~4 d9 --- ·~-- 45 90 --- ------ ---

---------- ----···---- --·----8,232 11,532 10,093 9,288 12,767 10,754 15,8ol

--'------------

ONIONS, "Yell..ow Globe Type Contract 1 " Cbtcaso Mercantile Elcchnnge (In c!l.l'loto)

57 21 1 3,368 978 1,590 477 4,509 1,6o2 1,519 2,256 2,137 1,278 1,075"1 800 592 1,751 1,997 3,088 953

413 810 2,948 4,283 9,714 22,586 5,218 11 5'• 194 '•23

14 88

-- ------- ·--- - ·---~---- --·-- ------- ---------9,009 3, 793 4,532 71 1~33 8,428 14,134 23,747 5,729

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

----L__ ___ ~_L__ ________ --~- ---------

8,709 19,421 14,894 5,441 12,340 8,824

678 4,169 3,253 551 705

90 --·· ---------~

14,828 36,481 27,766

~~~-----

2,272 12,636 16,486

106 166 337 17 ltl :U!

132 244 314 91 1146

15,163 17,005 815

897 1,079 1,353 484 517 554

0 ll7

1,381 1,6o4 2,0211

COM>~DITY FU'.liJRE8 19

Tabl.e 4.--l.t:>ntbl,y volume of tradill8 on principal .liiJJl'kets, by tuture, Jul.y 1956 to Juoe 1957--Continued

=-~-~._u:_. __ l_J~ __ L ___ ~_I 8e_P~ __ l __ ~c~~-I-~~·-=r_~<:_l~~-~-]-~:__GQ J~ CO'ri"OrlSEZD OIL, Tlew York "Frod.uce Exchange (In thousands of pounds}

--- -----,---------,---------- ---,------- ---- -----,------.-----~-----~----~---

m" July l\156 September 1956 October 1956 December 1~·57 January 1957 /.Ja.rCh 1957 J'ey 1957 July 1957 September 1957 October 1957 December 195<'3 !!arch 1953 ~>ny 1958 July

Total

lj.{.,560 144,3to

22,620 56,520 1,6ro

l1,21lo 8,100 1,740

6oo

293,400

l11,3to 63,3to ?8,640

3W 27,120 33,120 23, 'Ito

2,700

3to,420

1G,5to l.j.J,Oa> 19,920 69,100 l18,31lo 101,400

71lo 2,29o 2,340 ?J),9to ll8,61lo 161,640 57/o6o 124,8to 127,140 23,100 48,180 54,9to 9,120 6,240 8,a:Jo

300 6oo 7&J to 2,51lo 4,500

----r--· 251,29o 441,720 461,040

15,300 6,420 1,Bto

126,420 96,7&J 70,3:>0 122,29o 166,620 120,300 78,300 134,640 90,840 15,540 26,4W 22,Bto

2,820 2l,l&J 16,140 3,900 15,900 17,820

1,320 2,4W

370,9/X) 464, 7to 340,620 459,66o

108,420 210,42:1 32,820 9,9W

2],300 4,02:1 1,Bto

394,8oo

29,4W 202,740 74, 7to 15,120 14. 7to 6,900 6,300

to

l.21.,86o 150,0to

32,040 31,440 12,JW

5' 5llo 2,1W

350,100 355,500 L_ __ ~ ______ _L ___ _L ___ J_ ____ , ___ ~ ___ _L ______ L_ ___ _

-----.---------------- ,ff:~ ~~r~~:~ ~-~:~-bous-._llllds ____ or __ pounds-,-----) ----.---------- ------T-------.--------1956 July 1956 September 1956 October 19.56 December 1957 J!lllUllrY 1957 !'Arch 1957 /'By 1957 July 1957 September 1957 October 1957 December 1958 J!lllUllrY 1958 Horeb

Total

195iJ July 1956 September 1956 October 1956 November 1956 December 1957 JIUl\lary 1957 l'erch 1957 J.ny 1957 July 1957 September 1957 October 1957 November 1957 December

Total.

191,940 311,220 152,100 120,900

45,120 77,340 24,120

2l,5to 63,6oo 35,520 2B,5to l0,28o

159,520

136,Boo 135,900 147,9to

22,020 109 ,61lo

54,900 840

6o8,100

104,2a:> 109,3/XJ 2B7,a:lo 459,7&J 529,8oo l15,320 297,6oo 267,540 ?1)5,400

25,200 133,740 178,200 192,7&J --- 4,680 15,42:1 16,2'XI --- ---

563,220 376,61lo 359,520 300,840 241,9&J 199,61lo

36,000 51,l&J 9,120 17,29o

6,840

670,320 1,500,420 1,387,Boo 1,508,520 1,314,o6o 952,500

174,840 433,740 ?1)3,120 69,720 23,8&J 9,720

1,015,02:1 --------- ~---- -------- -~----- ---- -------L--~-

-!!;~--~ i{~~~-:~~ <•·--·~-' 29,9to 22,320 llo,840 92,400 ?1),440 4,840 5,41lo 2l,320 54,200 55,040 26,9to 1,61lo G,aao 19,040 37,41lo 52,Boo aa,61lo

--- --- 15,520 33,29o 39,o&J 88,840 --- --- --- Boo 7,9to 33,120

3,240 200

148,41lo 2]8,41lo 255,000 185,320 241,040

43,9<'o 73,840 35,3to 10,61lo 1,JW

15,72:1 61,2)0 49,520 16,3W

2,200

145,000

390,420 152,940 364,740 457 ,61lo ?J)6,66o 104,100 152,o40 193,9/XJ

29,940 52,320 73,3&J 38,400 70,5W 90, 7&J 12,900 2!3,61lo 18,66o

3,720 38,29o

940,500 917,940 7Z1, 740 ~-------- ~--

50,320 94,440 36,040 4,7to

20,3to 104,ollo 73,0&J 15,240 1,3to 1,41lo

2l5,6oo

64,920 122,4oo

24,440 6,o&J 9,o&J

226,920 -- ----- ----~---'-------J__ ____ ~_L ______ __t_ __ ~ __ _j_ ____ _

---------,--------~,---COTI'ONSEE:D HEAL, "Solvent Process," Memphi6 Board of Trade Clearing Association (In tone) --------~--- -----~--- ~-~-- ---------- -----~--

1956 July 1956 September 1956 October 1956 December 1957 January 1957 !~cb 1957 """ 195"1 July 1957 September 1~57 October 1957 ~c(!lllber 1958 January 1958 l'erch 1958 """

TotnJ.

4,300 6oo

1,6oo 1, ?J)O

6oo 6oo 500

9,500

300 2,400 3,500 700 3,8oo 4,700 5,700

200 3,000 7,400 1,000 1,1100 4,400

700 2,700 6oo 200 6oo 300

8,300 19,100

4,500 3,6oo 2,700 2,600 2,900 1,200 1,Boo 5,400 2,Boo 2,000 1,600 200 2,500 6,900 300

200 1,700 200 500 100

200 400 1,200 500 1,100 1,900

-------- ·--- -10,700 8,500 l1,200 13,700 4,900

4,100 4,200 400 6oo 1,6oo 300 Boo 300 400 1,300 1,200 Boo 2,100 1,100 100 100 ?J)O

100 200

6,100

20 COMIIlDITY JI'U'l'URE8

Table 4.--M:>nthl¥ vol._· ot tradixlg on principalliUil'kets, by tuturo, JUly 1956 to J\me 1957--Continued

Future Aug. Sept. Oct. llov. Doc. Jan,

SOYllEAN MEAL, Cbic0410 Board ot Trll4e (In tona)

1956 JUly 67,l00 --- --- --- --- --- ---1956 August 224,800 69,500 --- --- --- --- ---1956 September 64,900 73,500 26,300 --- --- --- ---1956 October 29,000 36,900 56,J.OO 54,900 --- --- ---1956 Dec-or 62,4oo 69,300 106,800 174,000 94,200 45,200 ---1957 January 26,200 19,l00 34,200 68,4oo 105,600 85,900 58,4oo 1957 March 25,800 26,000 70,300 130,600 123,500 130,700 234,800 1957 Mo,y 2,700 8,900 4o,300 117,800 52,l00 27oJ.OO 149,J.OO 1957 Jul,y --- 1,000 39,500 124,4oo 94,600 36,000 U8,4oo 1957 August --- --- --- --- 22,800 12,500 34,900 1957 Sep-er --- --- --- --- --- 2,600 8,700 1957 October --- --- --- --- --- --- 13,900 1957 Dec-er --- --- --- --- --- --- 700 19,58 January --- --- --- --- --- --- ---1958 March --- --- --- --- --- --- ---

TotBJ. 504,900 304,200 373,500 670,l00 492,800 340,000 618,900

!/ Trading in "nev" contracts began April 15, 19571 in the 1957 JuJ.,y 1 September 1 and December tuturee. gj Trading in the 11DeW 11 contro.ct began l-brch 15, 1957 1 in the 1957 .July tuture. J/ Trading in the "nev11 controet began April 21 1957, 1n the 1957 Beptember t'uture. !!/ Trading in "nev" contracts began March 15, 19571 1n the 1957 July and september t'uturea. 'if Trading in the "new" contract began March 18, 19571 in the 1957 December tuture.

rob. Apr.

--- --- ------ --- ------ --- ------ --- ------ --- ------ --- ---150,300 63,900 ---105,300 129,000 145,l00 104,500 103,4oo 116,000

35,600 20,l00 48,200 9,300 7,l00 10,300

10,900 7,800 l4,J.OO 6,200 3,800 22,700 --- --- ------ --- ---

422,J.OO 335,l00 356,4oo

I~

--- ------ ------ ------ ------ ------ ------ ---46,200 ---133,700 144,:;oo

30,700 63,!)00 38,4oo 71,300 24,700 50,100 44,900 48,eoo

3,300 13,700 --- 4,:;oo

321,900 396,eoo

COMMJDITY !I'U'l'URJ!8

To.blo 5.--Lo.rgest o.nnuaJ. 1 monthly, and dail.Y volume of trod:J.ng on prlncipol. mo.rkoto, tram dAte trading da.t.o. o.vallt.tble through June 30 1 1Y57

.heat

GtJrn

Rye

3/lrlcy

BoybotJ.IW

Gtl.lin Sorghuma

Rl<:ll

Cotton

Wool

llool Tope

Butter

Pf.ltatocn

Oniona

Cottonuced Oil

Soybean 011

lArd

Bron

1{Jddllnge

J~ket

Chicago Boord ot TrW M1nnao.pol1 D Oro.in Elc:chru:lge Ko.naao C1 ty Boord ot Trade

Chicago Boord of Tro.de

Chicago Board of Trade

Chi cngo Boord or Tro4e

Chicago Boord or Trade J.U.nneo.pol!o Oro.in Elccbo.nge

Minneapolio Grain Elc.c.he.nge

Chicago Boord ot Trade

Ko.nso.o Cl ty Boord of Trt.LC1c Chicago Board ot Trade

Now York Merco.ntila Ex:chiJ.nge

New York Cotton Er..charige Nev Orleans Cotton Exclulllge

Wool Aasocio.tce of the Nev York Cot ton Exchange 1 Inc.

Wool Aaaocio:tea ?f the Hev York Cotton Eltchonge 1 Inc.

Chicago Merco.ntile Ex.chaDe:e

Cbicoeo Mercantile Excho.nge

Nov York Mercantile Ex:cho.nge

Chicago Mercantil.e Exchange

NeW" York Produce Exchange

NeW' York Produce Exchonse Chicago Boord of Trade

Unit

Thouso.nd. buohela

Tbouaond buohels

Tbousand bushels

Th.ouoand bushels do.

Thousand buahela

Thouaa.nd buebe~o

Million pound.e do.

Tbouotmd bBl.ee do.

Tbouaa.Dd pounds

Ce.rl.ote

Carl.oto

Car lots

Cor lots

Thouaond. pouoda

Chicoe;o Boord of Trade Thouaond pounds

New York Produce Ex:chonge ThouoO.Dd pound.e

Kaneo.s City Boord ot Trode Tona

Kanoo.o City Board ot Troda Tons

St. Louis Merchants 1 Elcch.nngc Ton.a Knnaaa City Board ot Trade do.

Memphio Board or Trade Cl.caring Association Tons

l-1emphis Boo.rd or Trode Cleoring Aasocio.tion Tono

Chic080 Board or Trade do.

!/ 'icnr ~nd.ing June 30.

Beginning

date

Jon. 31 ~921. Jon. 3, 1921 Jon. 3, 1921

Jen. 3, 1921

Jan. 3, 1921

Jan. 3, 1921

Jon. 3, 1921 Jon. 3, 1921

Jon. 3, 1921

Oct. 5, 1936

Oct. 19, 1944 Oct. l, 1951

June 1, 1949

Aug. 1, 1925 Aug. 1, 1925

Mar. 17, 1941

~ 1, 1931

Mar. 1, 1922

M&.r. 1, 1922

Dec. 2", 1941

Sept. 8, 1942

Jen. 2, 1929

Sept. 3, 194o Jul,y 17' 1950

Feb. 1, 1926

June 26, 1935

Jen. 4, 1932

Jon, 4, 1932

June 10, 1929 JuJ.y 7' 1955

JuJ.y 1, 1931

JuJ.y 8, 194o Aug. 29, 1951

Ll.l.rgeot year Y Year

1929-30 16,598,849 1929-30 1,248,091 1929-3D 874' 990

1924-25

1946-47

1944-45

1933-34 1933-34

1941-42

1955-56

1951-52 1951-52

1950-51

1927-28 1927-28

1951-52

1939-4o

1930-31

1955-56

1954-ss I 1954-55 i 1951-521

3,631,125

58,671 103,277

42,014

5,477,ll3

7,686 948

2,880

122,949 46,674

296,422

184,635

34,868

425,900

1!}6,610

1.63,772

7,982, 76o

1950-51 1, 571,04o 1956-57 l2,459,66o

1948-49 3,613, 720

1936-37 26,94o

1947-48 518,010

1947-48 300,840

1930-31 53,925 1955-56 10,570

1941-42 86o' 4oo

1950-51 2,292,000 1956-57 5' 136' 700

Lo.rgeat month

f.bnth

Jul,y 1929 .J'UJ.:t1929 JuJ.y 1937

June 1927

Jul,y 1946

Apr. 1945

JuJ.y 1933 JuJ.y 1933

Aug. 1941

~ 1956

-· 1951 Dec. 1951

Sept. 1949

Sept. 1927 Sept. 1927

Oct. 1951

Sept. 1939

Oct. 1941

Aug. 1956

Apr. 1956

Feb. 1953

Dec. 1951

-· 1950 Dec. 1956

Aug. 1948

/lug. 1956

Feb. 1948

Jan. 1948

J\me 194o Sept. 1955

Sept. 1941

Apr. 1954 Oct. 1956

Amount

2,432,109 J.IY:,,117 1.67,594

863,280

424,698

432,936

21,992 26,Boo

8,449

776,759

1,315 1.69

1,68o

1.6,888 G, 763

35,565

5,537

61,229

35,468

30,314

302,100 1,508,520

512,3a:J

7,56o

65,820

37,710

10,500 1,1390

Jul,y a:>, 1933 Oct. 24, 1929 Jul,y 2D' 1933

JW>e 10, 1927

-· 13, 1945

May 24, 1944

Jul,y lB, 1933 Jul,y 19' 1933

Nov. 15, 1939

~ 2, 1956

Apr. 30, 1952 Oct. 25, 1951

Dec. 7, 1950

Mar. a, 1951 Feb. 4, 1948

Oct. 19, 1951

Sept. 22, 1939

Dec. 14, 1926

JuJ.y l2, 1955

Mar. 1, 1955

Feb. 7, 1957

Nov. 8, 1951

Nav. 24, 1950 Dec. 4, 1956

~ 2, 1956

Sept. 5' 1956

Aug. 5, 1949

Jul,y 2D' 1948

J\me 7, 194o J\me l2, 1956

1 162,eoo 1 Sept. 30, 1949

I

~:~ l~~~~~~~i

21

1.63,099 13,654 14,072

72,l2il

41,653

29,m

3,705 2,650

2,3)1

66,185

1.68 23

1,280

1,026 432

3,372

2,870

612

4,970

2,791

3,323

97,68o

24,720 l.69,2DO

47,6oo

1,500

8,4oo

5, 7Go

2,2DO 840

l8,4oo

ll4,4oo 67,2DO

~~ 'I'ho beginning or tho period 1a the d..o.te vbon trading da.to. ore tirat o.vo.ilohle. Except as iDd.icated below, the period tor eo.cb coli:IDOdity e.od market covered r\~o! table 19 from the beginning date ahovn to JUne 30, 1957. For certain ccmmodltiel and markets, ~volume or trod.ing flguree ore not nva.ilable until the 0\ lng datao: BArley, Ml.nneo.po11B Grain Ex:cho.na:e, JuJ.,y 2, 1923,; 10yt)eans, Chicaeo Board or Trade, Jauuary 3, 1939; cotton, new York Cotton E:ICcb&Dge 8Dd Nev ~~·~nno Cotton Excharlge1 October 1, 1937; wool tops, Wool Associates o.f.' the New rork Cotton E:x:chenge, Inc., September 11 1936; cottonoeed. oil, New York Produce or-'I'rn:.a, November l, 1939; lord, Chicaao Board ot Trade, Jauuary 4, 1937; to.l.low1 Nev York Produce Elcohange, December l, 1939; bran and shorts, Kanaaa City Board l>lcmb;' 9~9~~ingo, St. Louis Merchanto' P!x;cho.nge, October 1, 1937; aDd cottonaeed meol. and soybean meal, Memphis Board ot Trad.e Clearing Association,

22 Table 6.--Largest monthl,y and daily volume of trading on principal markets, during the year Jllly 1956 - June 1957

Largest month Largest da.y CoiiiDOdi ty l>m-ket Unit

fob nth Year Amount Do.te Amount

Wheat Chicago Board of Treda Thousand buehels July 1956 415,013 JUly 16, 1956 42,712 Minneapolis Grain Exchange do. August 1956 57,738 August 20, 1956 4,052 Kansas City Board of Treda do. July 1956 67,514 July 16' 1956 8,871

Corn Chicago Board of Treda Thousand buehels November 1956 261,263 November 9, 1956 23,377

Oats Chicago Board of Treda Thousand bushels July 1956 91,338 July 11, 1956 8,511

Rye Chicago Board of Treda Thousand buehels June 1957 110,959 June 19, 1957 13,507

Flaxseed Minneapolis Grain Exchange Thousand buehels November 1956 1,226 November 28, 1956 225

Soybeans Chicago Board of Trade Thousand buehels November 1956 477,293 December 4, 1956 51,832

Cotton New York Cotton Excbenge Thousand bales October 1956 2,230 October 31, 1956 210 New Orleans Cotton E>tchange do. October 1956 558 October 31, 1956 69

Wool Wool Associates of the New York Cotton Exchange 1 Inc. Thousand pounds April 1957 14,826 December 4, 1956 1,548

Wool Tops Wool Associates ot the New York Cotton E>tchange, Inc. Thousand pounds April 1957 12,400 April 18, 1957 1,220

Eggs Chicago Mercantile Exchange Ca:rlots August 1956 61,229 September 13, 1956 3,921

Potatoes New York Mercantile Ex:change Car lots May 1957 17,005 May 7, 1957 1,624

Onions Chicago Mercantile Exchange Car lots February 1957 23,747 February 7, 1957 3,323

Cottonseed Oil New York Produce E>tchange Thousand pounds January 1957 464, 76o March 22, 1957 58,380

Soybean Oil New York Produce Excha:age Thousand pounds October 1956 15,96o March 22, 1957 2,820 Chicago Board of Treda do. December 1956 1,508,520 December 4, 1956 169,200

Lard Chicago Board of Treda Thousand pounds October 1956 278,48o November 14, 1956 23,520

Tallow New York Produce Exchange Thousand pounds Auguet 1956 7,56o September 5, 1956 1,500

Bran Kansas City Board of Trade Tons July and 1956 2,520 December 13i 1956 and 840 Auguet June 11, 957

Shorts Kansas City Board of Treda Tons lmch 1957 1,230 April 1, 1957 48o

I.Uddlings Kaneae City Board of Trade Tons July and 1956 1,785 July 19, 1956 630 September

Cottoneeed Meal l~his Board of Treda September 27, 1956 Clearing Association Tons October 1956 19,500 and February 21, 1957 3,900

Soybean Meal l~his Board of Trade Clearing Association Tons October 1956 149,300 October 31, 1956 17,900

Chicago Board of Treda do. October 1956 670,100 January 10, 1957 67,200

23 Table 7 .--Aimual. average ot month-end open contro.cte on eo.ch contract m.a.rkct, 1947-48 ~ 1956-57

(Average ot open contro.cts at end of each month) :J 'lear beginning July

------~tyondmarket Ullit ----- --,--"---,---.:----'-,---1947-ll8 191l8-49 1949-50 1950-51 1Y51-52 1952-53 1953-51J 1954-55 1955-56 1956-57

---·-·--·- ----- ----------III!EAT?/ Million

Cblcago Board ot Trade buohe1o t\9.4 61.4 62.8 65.1 74.2 ?6.1 74.1 70.G G7 .3 ~4.4 Cb!CIIf!O Open ilooz"d of 'l'rodAo do. .6 .6 ·5 ·5 .4 ·3 ·5 ·5 .6 ·1 Hinneapolio ara1n Exc.hazlge do. 7·1 ?.4 8.4 12.6 14.6 ll.3 9.6 7.6 8.4 5J.~ J(anJU Cl ty Board of 'l'rodAo do. 16.6 20.9 12.9 19.8 18.o 18.6 12.0 11~.0 19.0 19.1 Hl1vaukee Grain E:lcclwlgo do. (3) (3) (3) (3) (3) (3) (3) (3) (3) .1 aoattle Grain E>cahange do. ·3 .3 ·5 (3) .1 .2 (3) (3) (3) (3)

---- ----1------1------- ·------ ----- ----Total do. 94.0 9Q.6 85.1 98.0 107 ·3 106.5 96.2 92·7 95·3 124.2

-- -~·--·-----------1----- ---- ------ --- ----COIIII Million

Ch!CIIf!O Board ot Trade bwJholo 52.0 57.2 ll8.9 54.3 65.5 65.9 61.2 69.G 09.6 70.4 Cblcago Open ilooz"d of 'l'rodAo do. .6 ·5 ·3 ·3 ·3 .3 ·3 .2 ·3 .3 Jtl..m)e:e.pol:le: Ora.in !:lcchange do. 0 0 13) 0 0 0 0 0 0 0 ![anBaO C1 ty Board of 'l'rllde do. .3 .1 3) (3) (3) ·5 P' .1 .1 (3) Hl1vaukee Grain Exchange do. .1 .1 (3) (3) .1 (3) 3) (3) (3) (3)

Total do. 53.0 57·9 49.2 54.6 65.9 G6.7 61.5 69.9 ' 70.0 70.7 --1---- --t--~

OM'S l.ff.Uion Chicago Board or Trade buahelo 39·9 24.6 24.9 41.8 62.3 76.9 41.9 22.4

I 25.4 29·9

Chicago Open Board or Trade do. .3 .2 .2 .2 ·3 .2 .1 .1 .1 .2 t«nneapolh Grain Ex:change do. 4.7 3·5 3.0 3.0 4.1 6.9 3.5 2.0 l 1.6 2.0 MilW'IlUkee Grain Exchange do. .1 .1 .1 .1 .2 .1 .1 (3) .1 (3)

---------Total do. 45.0 28.4 28.2 45.1 G6.9 34.1 45.6 24._~ 27·2 32.1

RYE Million Chicago Board or Trade bushels --- ~ 2.9 17.4 12.8 9.0 16.6 20.1 1o.3

I 13.3 20.1

Chicago Open Board of 'l'radt.> do. --- (3) .1 .1 .1 .1 .1 .1 .1 .2 J.tl.nneapolis Groin Ex:chaJ:lge do. 0.8 1.2 1.3 .8 .8 .6 .6 .2 .3 .2 Mllvn.ukco Grain Elccho.nge do. --- '2/ (3) (3) (3) (3) (3) (3) (3) (3) (3)

Total do. .8 4.1 18.8 13·7 9.9 17.3 20.8 18.0 13.7 20.5 ----··----- -----

BARLEY Million Chicago Board of 'l'rodAo bushels (3) 0 0 0 0 0 0 0 0 0 Hinnoapolill Gro.in Ex:change do. 0 0 0 0 0 0 0 0 (3) )

---Total do. (3) 0 0 0 0 0 0 0 (3) 0

·-- ------ ---l!"LAXSilED Million

Ml.nneapolis Grain Excluwge bushels --- §/ (3) (3) 0.4 2.1 2.2 0.9 0.5 0.8 0.4 -- ---

OOYBEAIIB Million Chicago Board or '!'rode bushels 1/ 1.8 17.3 53.8 39.0 47.8 54.2 80.7 87.6 92.4 88.5 Chicago Open Board or Trade do. --- §/ .1 ·3 ·3 ·3 ·3 .3 .4 ·5 .5 Hl.oneapolio Grain Exchange do. --- --- --- 'l/ (3) --- --- --- --- ~ .5 (3) Homphio Boord of 'l'rode

Clear1ng Association do. --- --- --- --- --- --- !41 1.2 .1 !Y (3) ---KBnDao C! ty Boord of Tl-adt.> do. --- --- --- --- --- --- --- --- --- w .1

Total do. 1.8 17.4 54.1 39·3 48.1 54.5 a2.2 88.1 93·4 89.1 --!!RAIN OORGIIUMB Htlllon

Kanaao C! ty Board of 'l'rode poundo 2 (J.4) 0 138 506 8 3 13 (14) 1 Chicago Board of Trade do. --- --- --- --- w ~3 14 (14) (14) 1 2

Total do. 2 (14) 0 138 599 22 3 13 1 3

RICE?/ Mlllion llav York f.mrca.ntile Ex:cllonge poundo --- !§/_ 1.3 0.6 0.5 0.1 0 0 0 0 0

~---CO'l'roN 1Wuoond

!lev York Cotton Eltcbange baloo 1,901 1,724 1,8o5 !11 2, 705 2,817 2,94o z,on 2,400 1,738 1,184 Rt~v Orl.euno Cotton Eltchanse do. 766 641 561 lli 564 715 689 645 700 322 265 Cb!Cllgl) Board or '!'rode do. 28 34 2l ru 38 ~-_37 26 27 8 5

Total do. 2,695 2,399 2,387 3,))7 3,570 3,Wt. 2,71l8 3,207 2,068 1,454

WOOL 'ilool Ansocio.tea ot the Nev MUll on

York Cotton B:r.~ Inc. poundo 4.5 4.0 2.7 lY 6.6 19.3 11~.1 8.4 -w 9.4 6.7 6.5

Wool Also~~~: the New .•

Million York Cotton Eltch&nge' Inc • poundo 4.0 5.6 4.8 lY 6.0 13.9 14.6 10.9 13.4 10.0 1·9

ll1ll'mi ?/ Cbl'*&Q MorcontUe Exchange carloto 693 634 164 195 505 562 15 12 8 (20) Rev York Mercantile Ell:chongc do. 42 51 0 3 7 5 0 0 0 v

Total - do. 735 685 164 198 512 567 15 12 8 (20) -----

Ch! PllG8 y !lev CliO l¥8rcanttle Eltchnnge Carloto 2,667 2,509 2,3ll 2,838 2,23.6 3,038 3,008 5,219 5,397 5, 744

fork Morcant!lo E<cllango do. 6 16 23 25 20 (20) 0 0 0 0

Total_ do. 2,673 2,525 2,334 2,863 - 2,236 3,038 3,oo8 5,2l9 5,397 5, 744 ----

24 Table 7.--Anmlal. averaae or month-eDd opnn contracts on each contract market, 1947-48 to 19.56-57--Cont!nued

(Average or open contracts o.t end ot each month) !}

Commodity and mo.rkct UDit Year begimdng ~

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 19~5-56 1956-57

I'OTATOES g/ 104 48 Chi CllBO Mcrt::nntil.e Ex:cba.nge Ce.rloto 2 2 3 10 31 72 13 9

New York Merco.ntile !:lc.change ao. 1,6o6 756 565 422 1,409 3,910 4,o62 5,397. 2,953 3,898

Total ao. 1,6o8 758 568 432 1,4llo 4,014 4,134 5,445 2,966 3,9')7

ONIONS g/ 457 781 1,831 2,014 1,584 4,164 ~-4,~ Chicago Merco.ntil.e Ex:change Carlota 2,113 3,521 3,070

Nev York Mercantile Ex:change do. 4o 6o 8 3 2 6 21 67 32

Total do. 497 841 1,839 2,017 1,586 2,119 3,542 4,231 4,503 3,102

CO'l'l'ONSEE:D OIL Million Rev York Produce Ex:change poullde 53.2 91.6 182.0 §/ 257.0 396.8 182.7 57·9 69.3 196.0 246.9 Nelot Orl.eBDB Cotton Elc:change do. 0 .1 6.9 gjJ 7.1 .3 (24) 0 0 0 .1 Chicago Board of Trade do. 0 0 0 0 0 0 0 (24) .4 .6

Total do. 53.2 91·7 188.9 264.1 397.1 182.7 57·9 69.3 196.4 247.6

SOYBEAII OIL g/ Million ?if New York Produce Eltehange pounds 0.1 0 17.1 '!EJ 84.3 49·7 24.6 29.8 32.9 22.2 9·9

Chicago Board or Trade do. --- --- --- w 82.0 110.1 128.9 166.5 172.1 288.5 398.6

Total do. .1 0 17.1 166.3 159·8 153.5 196.3 205.0 310.7 4o8.5

LARD Mlllion Chicago Board ot Trado poullde 75.6 87.8 63.2 58.9 74·7 91.2 59·7 61.2 76.5 8o.4

TALlOW Mlllion New York Produce Ex:c:bange poun4B --- --- --- --- --- --- --- --- --- ?W 1.7

JlRAN Thousand Ka..noo.s C1 ty Board ot Trade tone 28.6 19.4 19.1 25.3 14.2 13.4 8.1 6.9 2.8 1.3

SOORTS Thousand Ksns&.s City Board of Trade tone 17.0 11.4 8.8 11.8 8.7 12.7 4.4 5·9 1.4 o.4

MlDlJLINOS =·- lw K.onou C1 ty Board of Trade tone --- --- --- --- --- --- --- --- o.6 0.7

CO'l'l'ONSEED MEAL y ~· Board of Trade Thousand Cleori~ Association tone 19.7 24.3 31.0 52.8 5Q.O 10.7 19.2 19.2 20.7 12.4

OOYBEAII MEAL g/ ~is Board or Trad<> ThouBIUld

Clearing Association tone 25.8 26.1 77-3 175.6 '}!!/ 130.2 81.3 196.7 223.6 147 ·5 70.4 Chicago Board of Trade do. --- --- --- --- 29·5 42.4 113.8 173.5 274.1 274·9

Total do. 25.8 26.1 Tf.3 175.6 159·7 123·7 310.5 397.1 421.6 345·3

!/ In computing 8llDU8l. averages ot month-end open contracts, yearly tot.ala vere divided by 121 although in some JDarkete there .,ere no contracts open at the end ot ODe or more months. An exception vas made tor C<miiDdities vhich came under regul..ation during e. fiscal. year ODd tor commodities in Vhieh tradina vaa .8\liJ'Pf:od.&d· In su.ch cases, averages vere computed on the basis ot the JlUmber ot D:>nthe during ..,hich reporting requirements were in ettect o.nd there was tradiD&· ?/. All types ot contracts. 3/ Lees than 50 ,ooo bushel.s. !fl. Trading re'""""d July 12, 1948. (Suspended June 13, 1946.) 5/ Trading resumed July 15, 1948. (SUepend<td June 13,' 1946.) '§/ Trading re""""d April 11, 1949; 3-month average. (SUspended June 13, 1946.) 'f/ Trading reeumed J\IJ.y 7, 1947. (SUepe- February 19, 1943.) !!f Trading resumed J\IJ.y 29, 1948. (SUepend<td February 19, 1943.) 2/ Market opened tor trading on September 18, 1950; BU.8peDded February 16, 1951; 5 .. month averap.

'lEJ Trading reeumed J\IJ.y 15, 1955. !jj Trading began De.-er 14, 1953; 7-month average. "f!l. Trading suepend<td J""""-'7 23, 1956; 6-month average. Til Trading began September lB, 1956; lO~.montb averase. !!f/_ Leu than 500,000 pounds. 15/ 'l'rad1ng began October 1, 1951; 9·month average. 'f!II. Trading began June 1, 1949. I'f/ Trading suspended prior to the opeDing on J""""'-7 27, 1951; reoumed March 8, 1951. 'f!!/. '1'ra4111& suspended prior to the opeDing on J""""'-7 29, 1951; reBUI88d April 9, 1951. l§J Figures prior to October Z7 1 1954, obtained trom the Wool Associate• ot the New York Cotton !Zcb.all,ge, Inc. ~ Lesa than one carlot. ~ l'igures prior to September 24, 1955, obtained rrom the Cbicaeo Mln'calltile Jl!l:chenge. fjj P1sureo prior to Septaber 24, 1955, obtained from the !lev York Meramtile E>tclwlge. ~/ Trading suspended prior to the opening on J""""'-7 27, 1951; resumed l!'ebruary 13, 1951. 11 Leos than 50,000 pounds.

A. ot Sep1'.ealber 26, 1949, contract basis changed trom refined to eru.de oil.

~~--for 0210 clo,y only, J""""'-7 27, 1951. Trading began J\IJ.y ~7. 1950·

?!J/. Trading rooumed Alll!uet 1, 1956; 11-month """rage. (Diocontinued June 5, 1941.) ?il. Trading began J\IJ.y 7' 1955. yjJ Trading began Alll!uet 29, 1951; 11-month average.

NOTE: ~auapension __ o_t:._t_}"~: Trad.ing au~ atter close ot the market on date• given in tootwtea, except u otherwiH DOted, in thh and other tables.

25 '!'able B .. wM::mtb-end open contro.cta on t:tll. contract markets combined., average 1934-35 to 1938-39 and 1948-49 to 1952-53, amrual.ly, 1952-53 to 1956-57

- ---- -- ---r-coanocU ty and year Unit Jul,y Aug. Sept. Oct. Nov. Dec. JflZl. Feb. Mar. Apr. ~y June Average !/ -WHEAT?/

----· --------- ---- . --------- ------- ------ ----f---- ---~- ------ ------ ---- ----

Avorugo ThouallDd 1934-35 tc 1933-39 bushelo 143,687 16o,969 153,652 153,053 144,078 133,363 127,093 123,547 116,464 100,318 93,759 98,202 129,015 1948.49 tc 1952-53 do. 115,973 119,763 116,110 114,312 JJ>?,02B 96,115 91,o88 84,853 78,528 eo,oll 75,o98 91,o88 97,497

--1952-53 do. 143,26o ])~5,820 135,234 129,499 120,161 108,350 96,865 8o,471 75,150 70.198 11.756 1.01,72:> 106,540 1953-54 do. 136,102 130,661 117' 796 l23,888 105,985 93,282 82,351 77,888 71,670 63,863 66,716 84,350 96,213 1954·55 do. 105,435 110,236 103,076 102,716 97,969 89,674 83,8o7 75,500 80,199 79,895 00,301 104,151 92,747 1955-56 do. 135,370 131,643 117,675 108,264 99,913 84,8o1 87,236 72,re6 67,16o 70,723 75,699 93,104 95,323 1956-57 do. 138,471 155,896 151,345 150,o87 141,265 132,24o 118,884 108,659 97,4o3 91,944 91,461 112,309 124,164 - f---- --- ------ ------ ------ ------ ---~ ------r---

CORN AvorQ8e Thouoaad

1934-35 tc 1938-39 buohelo 45,184 53,870 49,644 55,594 57,028 52,653 52,132 51,026 49,658 42,8o7 39,o98 39,o67 48,98o 1948-49 tc 1952-53 do. 44,336 50,313 50,105 61,643 72,879 72,508 71,624 64,545 64,094 58,194 48,526 47,525 58,858

1------ --- 1--- -- ---1952·53 do. 56,613 59,924 64,345 8o,l48 89,750 86,o62 81,925 69,143 63,792 54,263 46,787 47,445 66,683 1953-54 do. 55,818 56,410 53,881 68,929 89,647 78,261 72,854 64,266 61,995 52,525 44,149 38,767 61,458 1954-55 do. 50,941 56,949 51,472 62,051 93,634 94,897 96,316 85,056 74,150 69,187 57,621 46,543 69,901 1955-56 do. 44,582 59,190 63,616 69,425 75,822 76,98o 82,767 82,970 77,870 78,797 69,097 59,443 70,047 1956-57 do. 52,513 54,854 52,104 71,030 82,589 73,774 8o,616 8o,632 82,019 77,739 76,326 64,118 70,693

+---- ----- r-----f----- -· OIITB

Av~;;r 35 tc 1938-39 Thauaand buahole 32,8o7 43,015 42,261 41,146 36,548 34,236 32,872 31,425 30,569 24,045 19,152 21,478 32,463

1948-49 tc 1952-53 do. 46,425 61,993 6l,o8o 61,231 61,824 53,496 53,584 47,203 43,758 39,325 36,878 39,859 50,555

1952-53 do. 8o,456 108,514 114,337 117,589 120,228 96,296 89,246 75,092 64,565 50,783 46,728 )J5, 78o 84,135 1953-54 do. 51,6o8 64,300 62,529 65,775 59,067 55,705 49,343 41,360 31,454 21,253 19,151 25,23:> 45,564 1954-55 do. 27,545 3l.,ro8 30,554 31,229 3l,251 24,1U3o 23,7o6 20,471 18,623 19,218 17,234 1~,879 24,533 1955-56 do. 32,032 IK>,ozr 35,565 32,000 28,346 26,325 26,352 21,476 j 18,864 21,798 a:>,057 23,113 27,163 1956-57 do. 38,334 49,026 48,743 47,282 43,010 33,697 31,924 26,457 21,291 15,381 13,755 15,043 32,062

-- ----r---- r---- -----r---- r--

10,918110,915

RYE Avcrnge Thouswlll

1934-35 tc 1938-39 buDhelo 10,904 12,196 ll,&>l 12,269 ll,251 10,704 10,876 9,613 I 9,287 9,630 10,864 19118-119 tc 1952-53 do. 9,309 12,049 12,108 13,137 12,950 13,627 14,629 14,343 14,253 13,635 11,615 u,610 l2,"n2

1952-53 do. 11,1.69 14,233 14,719 15,199 15,688 20,387 20,149 21,251

I

a:>,o42

I

a:l,215 18,518 16,309 17,323 1953-54 do. 19,047 19,667 24,017 26,990 29,301 25,255 23,438 21,452 18,866 14,798 13,421 13,756 20,834 1954-55 do. 14,333 17' 1Jt) 22,282 24,105 22,287 22,135 21,3)1 1·1,185 16,507 15,197 15,487 14,943 18,623 1955-56 do. 14,452 14,Z70 14,627 15,819 16,596 15,287 14,573 14,306 11,590 11,335 10,538 10,707 13,675 1956-57 do. 15,364 21,693 23,n1 25,700 26,165 23,026 22,52:> 17,718 16,865 16,261 16,515 19,989 20,468

BARLEY

I Av~;;l:~35 tc 1938-39 Thousnnd. bushels 1, 744 1,965 1,9o6 1,8o6 1,517 948 928 963 994 831 625 783 ~,251

1955-56 I do. 0 0 0 0 0 0 5 5 5 0 0 0 1 -

FU\XBEED

Av~;r.35 tc 1938-39 Thouso.nd bushels 493 A28 921 896 721 633 6o2 593 574 584 447 533 652

1948-49 tc 1952-53 do. J! 507 J! 923 J/1, 231 J/1,565 J/1,529 J/1,292 J/1,48o J/1,369 J/1,224 9o6 735 834 1,133

1952-53 do. 1,491 2,525 2,632 2,873 2,651 2,212 2,571 2,537 1,995 1,8o7 1,598 1,788 2,223 1953-54 do. 1,407 1,542 1,042 1,023 820 ll 810

837 750 704 451 441 875 1954-55 do. 532 689 578 476 616 434 397 337

291! J06 348 433 453

1955-56 do. 424 774 719 726 842 966 1,109 999 995 781 499 8o2 8o3 1956-57 do. 68o 527 584 619 498 356 380 392 334 315 132 138 417

1------ --

! SOYBEANS

Av~9:f-49 tc 1952-53 O'houaand buahel.s 24,362 31,915 42,378 57 ,3)3 58,593 59,516 48,714 44,922 41,468 I 38,541 32,485 32,238 42,703

1952-53 do. 42,009 48,838 58,942 68,972 68,229 71,98o 57,093 51,665 48,613 44,932 47,o83 45,264 54,468 1953-511 do. 44,454 44,o68 54,018 85,875 98,544 114,270 108,582 106,348 92,504 85,030 70,834 75,743 '!/ 82,16o 1954-55 do. 82,b88 93,015 107,893 121,4~ 127,125 118,724 79,662 72,0TI 65,473 64,963 56,672 67,954 88,092 1955-56 do. 64,948 79,245 96,300 121,294 ll7,018 lll,38o 92,596 89,695 83,o8o 100,442 85,047 79,333 ¥t 93,367 1956-57 do. 83,987 91,312 99,461 ll5,ll5 109,430 105,152 80,118 78,500 73,839 76,3>2 78,385 77,515 Ijj89,102

---~---- -----------GRAIN SOROI!Ulo5 I

Average Million 1948-119 tc 1952-53 pounds ~ 36 32 eo 175 215 242 257 234~1 128 121 147

1952-53 -----

do. 70 42 21 51 51 10 9 7 'H 0 2 22 1953-54 do. 0 2 9 15 7 0 0 (5) 0 0 (5) 1 3 1954-55 do. 1 1 1 6 18 24 27 27 22 11 7 7 13 1955-56 do. 0 0 0 3 2 (5) (5) 2 2 2 0 0 1 1956-57 do. 0 0 1 13 14 0 0 0 (5) (5) 1 1 3

RICE gj - ----r------- -~--

IJ/ Avornee Thouao.Dd

1948-49 tc 1952-53 poundo J! 370 JJ 410 J! 580 J! 6oo J! 670 J! 355 J! 14o JJ 14o J! lDO J! 6o 4o 296 313 --·----------- -- -~---------f---- ---~- -------1----- ---- ----Average COTToN

Thouso.nd 1937-38 tc 1938-39 §) bales J/2,466 J/2,535 2,996 3,418 3,399 3,321 3,144 2,856 2,515 2,an 2,056 2,074 2, 749 1948-119 to 1952-53 do. 2,500 2,888 3,147 3,434 3,432 3,447 3,441 3,428 3,134 2, 735 2,655 2,527 3,066

1952-53 --1------- --- ---·-- ·------ -·----do. 3,164 3,281 3,6o7 4,ll4 4,382 4,474 4,331 4,ll0 3,839 3,247 2,901 2,542 3,666 1953-54 do. 2,641 2,700 2,591 2,924 3,120 3,429 3,238 2,869 2, 767 2,386 2,241 2,066 2,748 1954-55 do. 2,446 2,827 3,157 3,577 3,734 3,954 3,883 3,595 3,110 2,935 2,663 2,6o7 3,3>7 1955-56

1956-57 do. 2,504 2,563 2,417 2,312 2,090 1,899 1,899 1,841 1,917 1,860 1,744 l,TI3 2,o68 do. 1,814 1,925 1,863 1,814 1,512 1,467 l,Z72 1,199 1,236 1,135 1,096 1,113 1,454 -- --~-- ---~----- --

26 COMMJDITY FUTURm

Table 8.--fobnth-end open contracts on oll contro.ct marketa combined, averose 1934-35 to 1938-39 and 1948-49 to 1952-53, annu.all.y, 1952-53 to 1956-57--ContitJu.ed

-Commodity o:nd yeor Unit July Aug. Sept. Oct. Nov. Dec. Jan. Feb. -· Apr. "'-Y J\me Avero.ge y -WOOL Average Thou a and

1948-49 to 1952-53 pounds 7,922 8,876 10,198 9,176 9,362 9,335 9,830 10,025 9,973 9,364 9,004 9,005 9,339 -1952-53 do. 20,814 21,186 19,8oo 16,326 14,46o 12,192 ll,322 ll,436 ll,334 10,890 9,756 9,1.44 14,055 1953-54 do. 8,208 a,ua 7,890 7,410 7,128 6,828 6,846 6,654 7,350 10,344 ll,754 12,618 8,;2<) 1954-55 do. 13,038 ll,856 §/ll,436 lD,l82 9,198 8,676 8,262 8,502 7,914 7,8o6 7,938 8,010 9,;o2 1955-56 do. 8,328 8,520 9,150 7,962 7,332 6,678 6,414 5,952 5,250 5,238 5,292 4,866 6,7"8 1956-57 do. 5,562 5,748 6,222 6,048 6,942 5,994 6,138 7,050 6,288 7,122 7,668 7,398 6,515

-WOOL 'IQPS

Averaae 'l'houellnd 1936-37 to 1938-39 21 pounds ~ 5,738 4,370 4,lD3 4,315 4,917 4, 767 5,150 5,195 5,ll8 5,6o3 6,o65. 5,973 5,ll0 1948-49 to 1952-53 do. 6,935 7,910 9,292 9,168 9,938 9,210 9,917 9,886 9,376 9,107 8,479 8,371 8,966

1952-53 do. 15,41.0 16,275 17,195 15,100 16,020 14,000 15,835 15,875 13,810 13,045 ll,Bl.O. 10,6l!o 1,,586-1953-54 do. 9,305 9.755 10,455 10,470 10,555 9,810 9,855 9,710 9,6oo 13,255 13,970 14,490

~:'~ 1954-55 do. 14,755 14,385 14,995 13,705 12,24o 12,105 ll,525 13,610 13,435 14,055 13,250 12,990 1955-56 do. 12,075 ll, 755 12,235 ll,390 lO,UO 9,245 8,830 8,575 8, 7l.O 8,375 9,015 9,705 10,002 1956-57 do. 9,18o 8,875 9,095 8,050 6,975 6,995 7,785 7,135 7,ll5 7,645 8,265 8,220 7,9,5

BUTrEI1 '# Average

1934-35 to 1938-39 Car lots 1,470 1,630 1,687 1,598 1,047 718 534 356 189 339 728 1,121 951 1948-49 to 1952-53 do. 731 831 830 8o4 530 333 ll2 ll5 99 151 22l 345 1125

1952-53 do. 989 1,107 1,268 1,345 1,127 558 167 l.OO 38 42 33 30 567 1953-54 do. 27 27 26 15 0 1 1 5 4 18 26 30 15 1954-55 do. 31 18 ll 9 0 0 0 0 0 15 25 32 l2 1955-56 do. 30 29 21 14 0 0 0 0 0 0 0 0 8 1956-57 do. 0 0 0 0 2 2 0 0 0 0 0 0 (11)

EGGSg/ Average

1934-35 to 1938-39 Co.rlots 2,8o6 2,902 3,051 2,135 1,521 564 351 525 991 1,833 2,468 2,842 1,832 1948-49 to 1952-53 do. 4,142 4,171 3,188 2,134 1,450 853 1,005 1,506 2,261 2,882 3,6o2 3,998 2,599

1952-53 do. 4,183 4,695 3,962 2,7(4 1,845 966 1,348 1,6o6 2,578 3,687 4,284 4,533 3,038 1953-54 do. 4,358 4,ll8 3,055 1,847 1,633 1,327 1,659 2,4o3 2,897 3,781 4,469 4,547 3,oo8 1954-55 do. 4,593 4,042 5,230 5,413 4,6ll 2,968 2,513 4,347 5,347 6,647 7,727 9,191 5,219 1955-56 do. 7,678 8,4o2 6,730 4,380 3,960 3,450 3,541 4,016 4,741 5,332 5,961 6,573 5,397 1956-57 do. 6,923 6,6o4 5,859 5,583 5, 7ll 3,861 2,866 3,646 5,134 6,136 7,768 8,834 5,744

roTATO»l '# Average

1934-35 to 1938-39 Car lots 4o 78 90 90 J.08 J.08 75 8o 4o 41 7 16 "" 1948-49 to 1952-53 do. 1,320 1,529 1,86o 1,958 1,639 1,562 1,255 1,096 1,191 1,185 1,133 1,549 1,4;o

1952-53 do. 3,456 4,304 5,357 5,861 4, 754 4,836 4,236 3,084 3,223 2,970 2,448 3,634 4,014 1953-54 do. 4,545 5,064 5,424 5,357 4,513 4,199 3,950 3,071 3,126 2,888 2,973 4,483 ~4,JJII 1954-55 dn. 6,185 6,8o4 7,827 7,985 7,634 6,8o6 6,914 4,290 3,993 3,322 1,429 2,152 5,445 1955-56 do. 3,444 3,8o5 3,719 2,892 2,62.1. 2,518 2,636 3,362 3,121 2,789 1,731 2,958 2,966 1956-57 do. 4,162 4,247 4,453 4,906 5,148 5,015 4,923 4,970 3,709 3,432 8o6 1,lll 3,907

ONIONS 3/ Average

1948-49 to 1952-53 Carlot a 1,214 1,979 2,417 2,639 2,332 2,531 2,287 1,924 447 614 Sa> 960 1,68:>

1952-53 do. 1,626 2,996 3,136 2,876 2,9ll 2,798 2,692 2,6o7 464 752 1,173 1,395 2,119 1953-54 do. 2,576 4,200 4,741 4,621 4,134 4,4o3 3,6o7 2,599 1,068 2,032 3,883 4,635 3,5'2 1954-55 do. 5,501 ~ 5,256 5,547 5,581 6,246 7,038 4,733 3,273 553 1,107 2,213 3,726 ,,231 1955-56 do. 5",570 7,485 7,975 8,935 6,6o7 5,183 3,074 1,935 ~,046 1,495 1,973 2,758 4,503 1956-57 do. 4,195 4,494 5,088 4,361 4,580 4,398 3,271 1,663 624 l,J.8l 1,492 1,872 3,102

CO'l'J.'ONSE:ED OIL

A~9::g~49 to 1952-53 Thousand

pouDdo 163,44o 168,516 187' 746 218,148 282,8o4 289,134 281,166 256,242 235,644 23.8, TI2 003,496 193,632 22,,895

1952-53 do. 307,26o 279,700 239,500 215,220 oo6,46o 181,980 177,700 153,000 134,6l!o ll5,380 93,84o 87,400 162,680 1953-54 do. 75, 1~2) 66,900 48,900 44,46o 44,700 52,500 62,94o 64,26o 55,8oo 64,68o 59,16o 55,500 57,935 1954-55 do. 46,74o 49,8oo 55,8oo 6o,900 70,o8o 78,360 lo6,roo 104,700 85,980 66,540 52,86o 54,000 69,3)) 1955-56 do. 50,580 59,28o 85,56o 100,300 179,700 ro4,o6o 295,68o 325,900 290,400 288,o6o 252,84o 004,360 196,395 1956-57 do. 163,26o 192,900 2o6,8oo 236,800 256,980 268,86o 314,28o 305,100 288,900 259,200 243,540 234,6o0 ,.7 ,605

SOYBEA11 OIL y Average Thousand

1948-49 to 1952-53 p<r.mds 53,'•96 57,072 65,268 ll2,1q6 139, T76 136,200 132,300 1.3),852 109,692 95,052 84,108 8o,256 g8,879

1952-53 do. 123,000 132,24o 137,28o 2l2,46o 229,380 006,580 178,380 166,380 137,100 ll3,400 100,020 105, 72:> 153,,95 1953-54 do. 8o,64o 92,64o 87,18o 130,26o 172,98o 189,24o 232,8oo 250,980 257,6l!o 335,46o 288,84o 237,J.al 196,315 1954-55 do. 1.88, 520 232,3)() 211,980 192,o6o 2:>7 ,900 212,76o 222,000 237,300 182,500 181,8oo 174,78o 215, 76o ro;,965

1955-56 do. 215,46o 251,400 262,800 305,34o 300,28o 289,000 294,36o S30,6oo 318,84o 399,96o 376,920 363,18o 310,600 1956-57 do. 348,l8o 373,380 400,26o 489,6oo 532,92:> 497,340 485,400 459,700 367,000 315,400 309,300 323,l6o 1108,475

LARD Average Thouse.nd 75,171 1948-49 to 1952-53 powulo 94,584 97,232 79,44o 66,900 56,856 53,6oo 59,792 65,o8o 73,472 81,664 85,192 88,224

1952-53 do. 131,400 l22,64o U2,24o T7.56o 57,44o 78,68o 93,84o 99,960 90,J.al 89,24o 72,36o 69,36o 91,237

1953-54 do. 45, 76o 47,300 42,92:> 50,6oo 42,88o 53,24o 65,92:> 61,88o ~;~ 76,64o 81,320 92,44o 59,707

1954-55 do. 84,88o 81,64o 74,44o 64,16o 59,04o 55,6oo 55,6oo 57,400 46,36o 52,o4o 57,36o 61,243

1955-56 do. 46, 76o 49,320 47,000 50 ,6l!o 44,960 45,000 76,48o 84,400 97,88o 133,920 121,6l!o l.00,04o j6,503

1956-57 do. ll3,88o 106,360 97,48o 90,8oo 72,400 65,8oo 63,900 68,28o 59,16o 64,28o 70,320 92,48o 80,4))

COMitlDIT1 FUTURES 27 Toble 8.~-lobnth-end open contracts on all contract markets combined,,._averoe:e 1934-35 to 19.38-39 8Dd 1948~49 to 1952-53, BniDJ.a.l..ly, 1952-53 to 1956-57--Continued

Ccmmodi ty ond year Unit July Aug. Sept. Oct. Nov. Dec. JSJl, Feb. Mar. Apr. Me.y J\ule Average !J

TAU.OW =-1956-57 pounds --- 4,26o 2,64o 1,980 1,74o 1,300 1,300 1,000 1,2l0 1,02:1 78o 900 1,669

BRAN Average

']) 28,050 ']) 26,875 24,888 2J.,562 20,538 00,812 18,350 1.4,212 00,450 21,126 1937-38 to 1938-39 w Ton a ']) 25,175 15,300 17,300 1948-'•9 to 1952-53 do. 22,416 28,812 29,052 26,526 22,686 19,956 17,7~ 15,Z70 10,560 8;784 6,828 10,764 18,284

1952-53 do. 19,830 26,370 25,ll.O 22,020 17,100 ll,850 9,360 6,720 6,540 4,300 4,68o 7,44o 13,445 1953-54 do. 10,56o 9,84o 8,16o ll,88o JD,93> ll,040 10,560 8,400 5,280 3,l.a:> 2,64o 4,320 8,o6o 1954-55 do. 7,44o 7,8oo ll,o4o ll,88o 9,000 6,000 8,500 8,16o 7,560 2,o4o 1,2l0 2,52) 6,930 1955-56 do. 4,320 3,~ 4,44o 2,88o 4,2l0 4,44o 3,270 l,?JSJ 1,950 96o 84o 1,o8o 2,798 1956-57 do. 2,280 1,2l0 96o 1,68o 1,44o 1,900 1,93:1 1,44o 6oo 0 0 1,68o 1,260

SHORTS Average

~ ']) 8,150 ~ 8,750 5,688 6,050 5,462 6,562 5,838 4,825 3,438 6,o8o 1937-38 to 1938-39 w Tons 7,350 5,775 5,075 1948-49 to 1952-53 do. 9,624 12,420 14,322 14,58o 14,790 14,388 12,004 11,364 10,344 6,312 3,732 4,44o 10,710

1952-53 do. 16,8oo 18,o6o 18,750 22,o8o 18,750 14,76o 10,440 9,24o 12,000 5,o4o 3,84o 3,000 12,7}J 1953-54 do. 3,700 6,~ 3,6oo 3,84o 5,550 5,52) 6,24o 6,84o 3,6oo 2,7&J 1,8oo 3,~ 4,44o 1954-55 do. 6,960 10,8oo 12,360 9,6oo 7,44o 5,280 6,24o 5,280 3,400 1,8oo 1,2)() 5,945 1955-56 do. 2,34o 2,16o 2,430 2,310 2,070 1,380 1,140 78o 630 = = 72> 1,350 1956-57 do. 1,o8o 1,o8o 84o 36o 24o 12) 240 360 360 240 = 24o 44o

MrDDLIHGS Averoae

1937-38 to 1938-39 w Tons w 2,2l0 ']) 1,700 w 2,100 1,950 1,500 1,750 1,650 2,050 2,650 1,750 1,2)() 1,750 1,854

1955-56 do. 315 1,050 105 315 735 84o 4ro 42) 525 1.,050 0 1,155 578 1956-57 do. 1,155 1,995 525 525 630 630 105 315 735 735 105 945 700

CO'l'IONSEED MEAL :g' A verB¥~!

1948-49 to 1952-53 Tons 37,140 46,52) 49,420 39,32) 36,340 28,18o 25,000 24,840 25,300 30,400 30,32) 32,4oo 33,767

1952-53 do. 25,300 25,200 21,300 9,900 7,100 5,500 5,000 6,000 5,100 6,6oo 6,300 5,000 10,708 1953-54 do. 6,4oo 6,100 8,000 7,900 9,500 13,900 21,700 26,900 27,900 34,400 35,300 32,700 19,225 1954-55 do. 15,500 22,4oo 25,a:x> 28,6oo 25,100 22,100 18,700 17 ,a:x> 12,4oo 5,900 16,8oo ro,= 19,175 1955-56 do. 19,8oo 19,700 17,8oo 23,300 22,700 21,400 24,000 23,9)0 22,2l0 19,6oo 17,200 16,4oo ro,667 ~956-57 do. 10,700 ll,6oo 16,700 16,500 15,300 9,6oo 7,8oo 13,700 13,6oo 12,400 9,6oo 11,400 12,4o8

Average SOYBEAN MEAL :g'

1948-49 to 1952-53 Tons 66,58o 86,500 113,900 125,340 133,380 122,52:> 130,000 122,360 1.17,22> 1ll, 700 105, 72> lD5,CXX> lll.,685

1952-53 do. 86,300 70,6oo 78,300 98,= 128,000 14o,500 154,6oo 1~,100 123,400 122,8oo J.41.,6oo 172,400 g/123,706 1953-54 do. l24,CXX> 109,100 143,100 2)9,500 221,100 292,400 281,8oo 284,500 288,900 415,200 398,100 392,CXX) gi3l0,546 1954-55 do. 363,500 387,8oo 417,6oo 430,700 424,8oo 403,300 383,200 373,300 -332,900 331,100 36o,6oo 3Tl ,(X)O g/397,061 1955-56 do. 364,700 381,1.00 424,1.00 466,900 501,500 458,500 450,4oo 453,100 418,8oo 1KJ4,a:x> 379,100 356,900 421,6o8 1956-57 do. 274,500 243,500 310,8oo 441,6oo 491,700 422,500 434,2l0 388,900 325,700 288,700 265,500 255,700 345,275

'Y In computing annual averages of montb"end open contracts, yearly total.s vere divided by l21 although in some markets there were no contracts open at the eJJd of one or more months. For axceptions in computi.ng averages, see footnotes, Tabl.e 7. gj AU types of contracts. 'J/ 4-year average. Y Partial period average for certain markets. 2/ Less than 500,000 pounds.

§/ 2-year average; information on open contracts in cotton tutures not avail.abl.e prior to September 30, 1937. 1/ Ons year oul,y.

W Figures prior to October Z'{, 1954, obtained f'rom the Wool Associates of the Nev York Cotton Ex:cllallge, Inc. 2/ 3-year average; information on open contracts in \o'OOl top f'utures not available prior to August 31, 1936. From August 1936 tbroush June 1938, 3-year average includes open contracts on non-clearing as well 88 clearing members. From July 1938, only open contracts reported by clearing meml:lers included. The exclusion of non-clearing members reduced open contracts about 7 percent 88 estimated :from sampl.e comparative data. JE/ 2-yea..r average. W Less than one carlot. W Partial period average for certain contracts. W Figures prior to September 24, 1955, obtained f'rom the Chicago ~cantil.e Exchange 8Ild the Nev York Mercantil.e Exchange. W 2-year average; information on open contracts 1n bran, short, and middl.ing tutures not available prior to October 1, 1937.

NOTE: See Table 7, for dates of inauguration, suspension, and resumption or trading during the years 1952-53 through 1956-57. Omission of the 1934-35 to 1938-39 a.verose, ·~e 1948~49 to 1952-53 a.verage, or a year in the period 1952-53 to 1956-57 indicates there ws no trading.

28

Table 9.~-f.bnth-elld open contracts on en.ch contract market, Ju1,y 1956 to June 1957

___ ComnodJ._\ll!Eicr __ ~-~~-mar_-._-•• -_~1=,=.~~~~;~~ -=-~~ Sep~~ Chicago Board of Trlllle buBbe1e 104,210 118,301 116,983 115,633 103,924 101,452 87,579 61,544 74,004 70,397 70,915 67,633 , 94,381

Oct.

Chicago Open Board or Trade do. 836 840 700 629 864 897 691 64o 672 568 Eo6 671 71B Minneapolis Grain Ex:cho:age do. 7,917 ll,957 12,053 12,379 12,924 9,694 ll,l.86 9, 7fi:J 8,888 8,225 6,139 7,202 9,8W Konsas City Board of Trlllle do. 25,4.39 24,728 21,599 21,370 23,503 00,065 19,313 16,598 13,787 12,691 13(/45 16,745 19,132 Milwaukee Grain E%clllulge do. 19 00 10 46 50 57 4o 42 52 63 54 56 43 Seattle Grain Exclllulge do. 50 50 ___ o+ __ 30_t----o--+--7-5--+---7-5---+--7-5_r ___ o---j---o---j----o---j---o-+-----___:30::_

Total

CORll Chlcaeo Board of Trcde Chlco.go Open Board or Trade K.o.naas C:t ty BoArd ot Trade Milvaukee Grain Exchange

Total

OJ\TI! Chi ce.go Board ot Trade Chicago Oper.a Bonrd or Trade Minnce.polia Groin Er.cbange Milwaukee Grain Exchange

Total

RYE Chicago Boaxd ot Trade Chicago Open Board of Trade Minneapolis Grain Excll.allge Milwaukee Grain Exchange

do.

do.

1bousand bushel&

do. do. do.

do.

Tbouoand buabels

do. do. do.

136,471 155,896 151,345 150,067 141,265 132,24o ~884 108,659 97,4o3 91,944 91,461 112,309 124,164

52,~~ 54,i~ 51,~~ 70,~; 62,~~ n~~ so,~~ so,~~ 61,~~ 77,f.!~ 76,~ 63,~ 1o,~~ 10 " " " 50 10 10 10 10 00 0 0 •

l----3_9-+----6_7--+----4-5+----3-3-+----~--~----34---j----~---j.----4-2--+----46--l--~c----l-7_1-__ --~_~--~~~ 52,513

1

__ 5_4_,8_5_4+_5_2 __ ,10_4+_7_1_,o_30 ___ t--6_2_,_589_+-_73_,_77_4--+_so_,_6_16---t_so_,_6_32--+ 62,o19 77,739 76,326 64,118 7o,693

36,286 45,4o9 44,549 43,025 39,855 31,952 30,344 25,057 - ~ M a ~ m N 8o

1,125 3,m16 3, 735 3,933 2, 742 1,498 1,457 1,304 l----1~5-+-------~--110--+--~25_~--~3~5-~--~56-+----44----- 36

36,334 49,026 48,743 47,282 43,010 33,697 31,924 26,457

19,88o 75

1,293 43

21,291

13,988 59

1,268 46

12,986 37

697 35

13,755

15,317 56

459 11

15,843

29,888 185

1,950 39

32,062

14,637 oo,981 ~,287 25,071 25,56o 22,763 22,175 17,394 16,576 15,964 16,349 19,701 ro,055 ~ • ~ ~ - ~ ~ ~ ~ = ~ ~ -M m a ~ • ~ m w m m o 10 ~

3 18 15 5 15 15 00 25 25 0 0 35 15 ~--~------r-------r------r------~---~~-----l------1------~--~----~--~~~--~

______ T_o_<al ______ --+ __ do __ ·_-l-_1_::_5:c,364=----+-21---'-,6-'9-'-3-I-_2_:_3_::_,771'--'-+-2-'5-'-'-'--700_t--26~,_169_:__+-_23:__:,_o26 __ +-_22_:'_:_5_00---t----'17,7l8 16,865 16,261 16,515 19,989 ro,468

P'LAXSEED Minneapolis Grain Exch.acge

OOUIEA1!8 Chicaeo Board or Trade Chicago Open Board of Trade Minneapol.is Grain Exchange Kansas City Board or Trade

Total.

GRAIN SORGHI.JlofJ Kansas City Board of Trade Chicago Board of Trade

Total

Tbouoal:ld buBbele

Tbouoand bushels

do. do. do.

do.

Million -do.

do.

83,665 297

5

0 0

5~

90,930 m

5

91,312

0 0

1.4 0

1.4

619

114,192 543 30

350

115,115

2.2 10.5

108,500 670

5 255

109,430

2.2 12.0

14.2

356

104,324 8o3

5 = 105,152

79,414 704

0 0

S0,118

0 0

392

77,900 8oo

0 0

73,237 8o2

0 0

0 -3

-3

315

75,635 567

0 0

76,002

0 ·3

·3

132

77,8oo 565

0 0

78,365

0.6 ·3

·9

136

76,951 564

0 0

77,515

1.4

417

88,445 543

6 :J/108

89,102

o.6 2.0

2.6

COTTON Ne<.t York Cotton Exchanse Hev Orleans Cotton Exchange Chicago Board ot Trade

~:"" 1,463 1,563 1,534 1,454 1,223 1,1861 1,054 I 1,008 1,018 I 912 674 914 1,184

~: l----~-~-+----35·-~-~----3-2-~-~----3-~-+---28--i-+-~!----2l0--8+---18-r-+----21-~-+---=--3+----=-2---t----1~-3-+----~-~-WOOL

Wool ADsociateo of the Rev York Cotton Excllallge, Inc.

WOOL TOPS

do.

Woo1 Aasociateo of the Nev Thousand York Cotton Exchange, Inc. JlOUDdt

1,863

6,222

9,18o

1,81~ 1,512 i 1,467 1,~2 l,l99 1,236 1,135 1,096 l,ll3 1,454

6,048 6,9421 5,994 6,136 7,666 6,515

1, 8,050 6,975 6,995 7,785 7,135 7,115 7,645 8,265 8,200 7,945 -------------------+------+-----+-----+---------r------+-----+-----+-- --lf-----t-----r------1---- ----

1 I ll11l"l'ER

o 2 I 2 o o o u o 1 o (4) ---+-------t--------+------+-------1---------+------- -----

1 6,9~ 6,8o4 5,859 5,563 5,711 ] 3,S06 I 2,830 3,646 5,1~ 6,136 7,766 6,834 5,7~

t----o-+-----o+----o--t-----o--t-----o-l-i ____ 5_5 ~- __ __" _______ o---j------o +---o----t-----o-t----:-

Chic~ Hercnnt1Le Exchange Storage Contract Corlots

EGGS C'nicago Mercantil.e Exch.ellge

Refrigerator Contract Corlots Freah Contract do.

0 0 -----f------

Total do. 6,923 6,8o4 5,859 -----------------·- -----~----+ 5,563 5,7ll i 3,861 2,866 3,646 5,134 6,136 7,766 8,834 5,744

-----+-----r----- r--------·-----------i------+------+-------+------RYI'ATOES

5 6 (:"l)fcago ll.ereentile Exchallge

Russet Burbanks Carloto 31 ~~ 10 12 New York J~cantile Exchange

Maine Grovn do.

Tot.al do. ---------------------------

OJfiONS

1-----'4 ':_1_::_57-1--~'-~_2 ___ 4_,_44_5

4,1.62 4,~7 -------

4,453

I 4,875 _2~t-_5~~~ ___1:~-~-4,906 5,148 ' 5,015 4,923 --- -- -- ---------1--~-- ---- ·------

Chicago Mercantile &<change Yel.l.o'w' Globe T>.rpe Contract Co.rlota 4,147 4,431 4,305 4,337 3,26o

?fe-.r York Mercantile Er.chtmge Yell.tT.r Globe T)'pe Contract do. 48 63 58 56 61 ll

Total do. 4,195 4,494 5,088 '•,361 4,560

4,965 3, 709 3,431 S04 1,107 3,898 ---- --- 1-----· -- -----------

4,970 3, 709 3,432 S06 1,1ll 3,Wf --· --- -- - - --- '""""" -----

622 1,178 1,869 1,659

4 2 3 3 3 32_

1,663 6;-~·~,181 1,492 1,872 3,102

-----------------'--------- -------'------- ------------. '--------·-·'--- --··--- ------- --- ------------ --------------~- ~--

COlMlDITY l'UWRES 29

Te.ble 9---Montb-end open contro.cl.o on on<:b contro.ct market, July 1956 to June 1957--Cooti.oued

------ -----·--- ----~-- ------·- -- -¢ -,-------,-(;ouiiiOC11 ty end market Unit July AuiJ. Sept. Oct. llov. Doc. Jan, Feb. v.ar. Aif". Hoy June Averoge Y

-- f--- ----r------- ---c---------=-CCII'I'ONSEED OIL =·-J/oll :fork Produce P!lcchtmge po\UldD 162,84o 192,000 205,~920 235,620 255,780 267,720 313,200 304,620 268,(JJ() 259,000 243,24o 234,)(Xl 246,9]1)

!lev OrlcOWJ Cotton Excbonee c!c. 0 0 0 0 0 0 0 0 0 60 300 300 55 Gb!cago Board or Trade c!c. 420 84o 900 1,200 1,200 l,l.-40 1,o80 480 300 120 0 0 64o

f----- -- - 1----- ----------Total c!c. 163,280 192,900 3:>6,820 2:)6,820 256,980 268,8fA 314,280 305,l00 268,900 259,:000 243,S4o 234,(00 247,605

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

BOXBEAII OIL =·-lff!ll 1ork Produce PXcho.oge po\UldD 6,84o 7,o80 5,880 ll,160 u,eao 13,320 12,42:> 15,2'..0 ll,580 9,960 5,22:> 8,160 9,895 Cbicne;o Board ot Trade c!c. 341,340 366,300 394,~ 478,44o 5Zl,040 -~'-0-~- _4-,2~ ~'~ 355,44o _!>5,_460- 304,o80 -~5!~-- 398~~ ~'-----

_:_ ___ Total c!c. ~~ 37~- 4oo,26o 489,(JJ() 532,920 497,340 485,4oo 459,720 367,02) 315,420 309,300 323,160 4o8,475

----- f---- ----1---'--~--- -~'-------LllRD Tbausond

C'hlcago Board ot Trade pounds ll3,880 ro6,360 97,480 90,8co 72,4oo 65,8co 63,920 68,280 59,~ 64,280 10,3a:J 92,4&J -~'4:/) 1------- -------~ TALLO\/ Tbou68ll4

J/c'ol' York Produce Ex;change paun4B 2J4,26o 2,64o 1,980 1,74o 1,300 1,320 1,200 1,200 1,000 780 900 §/1,669 -- ---- --BRA1I

Y.AJUIUO City Doard ot Trade Tons 2,280 1,200 ')6o 1,680 1,44o 1,92:1 1,920 1,44o (JJ() 1,680 1,260

800RTS Y,Mao.a C1 ty Boud ot Trade Tons 1,o80 l,08o 84o 360 24o 120 24o 360 360 24o 120 24o 44o

---- ---·--- 1----MIDDLIROS

Konllao City Board ot Trade TODD 1,155 1,995 525 525 630 630 l05 315 735 735 l05 945 700

CCII'I'ONSEEDI~ Memphia Board ot Trode

Clearing Asoocio.tion Bolvent Process TODD l0,300 ll,200 15,(JJ() 15,6oo 14,6oo 9,~ 6,300 ll,900 12,4oo ll,lOO 9,l00 l0,900 11,500 Old Procebs c!c. J/4oo 4oo l,lOO 900 700 1,500 1,8co 1,200 1,300 500 500 908

Total c!c. 10,700 ll,(JJ() 16,700 16,500 15,300 9,(JJ() 7,8co 13,700 l3,6oo 12,4oo 9,(JJ() ll,4oo 12,4o8

SOYBEAN MEAL )!empblo Board of Tra.d.e

Clenr 1118 Asoocio.tton Eastern Trunk Line Tons 8,4oo 7,l00 5,4o0 5,8co 9,8o0 9,100 7,8co 6,8co 3,8co ll,900 6,6oo 18,700 8,433 Uareatrtcted c!c. 65,(JJ() 61,8co 69,300 77,4oo 88,300 I 67,700 71,4oo 74,500 58,300 44,000 36,200 29,4oo 61,992

Chicago Board. or Trade c!c. 200,500 174,(JJ() 236,100 358,4oo 393,(JJ() 345' 700 355,000 3Q7,(JJ() 263,(JJ() 232,8oo 222,700 207,(JJ() 274,850

Total c!c. 274,500 ~ _:ro,8()o __ ~~:6oo ~1,700~~- 434,200 388,900 325,700 268,700 265,500 255,700 345,275 ----~- --·------~-

!/ In computing armual averages ot montb-eDd. open contracts, yearly tot.a.l• vere divided by 12, althcnJab 1n acme markets there vere no contracts open at the eDd ot oue or 100re month a. ?/ Tr84'-"8 began Bept.ember 18, 1956. J/ 1.0-lllOnth average. '1 Lese than one carlot. )/ TrodiDg re,_d Auguat 1, 1956.

fj U-twntb average.

Jl Trading began J\1ly 12, 1956.

30 COMMJDITY FUTURES

'.rable 10. --Midmonth and month-end open contracts on principal markets, by future, July 1956 to June 15}57

Future

liiiEA!l', Ch1Cif80 Board of Trade (In thousonds or bushe1o) -

1956 JUly 8,862 1956 September 23,995 24,633 18,329 9,043 3,o86 1956 December 26,802 34,978 4o,042 43,4o8 4o,766 36,788 32,180 23,876 16,211 8,981 3,381 1957 March 18,499 29,397 33,481 35,568 37,903 39,841 4o,042 4o,9a8 39,425 37,470 37,799 36,585 1957 May 5,963 15,202 21,609 25,312 a8,350 29,385 a8,799 31,421 32,150 30,276 30,258 30,025 1957 JUly (old) 1,323 4,970 8,547 10,969 15,161 16,793 20,717 23,013 25,655 aa,411 1957 JUly (nev) 1957 Sep~ ~old~ 1,196 2,615 3,582 4,184 5,353 6,046 1957 September nev 1957 December ~old~ 385 l.957 December nov 1958 March 1958 May

Total 84,12J. 104,210 114,784 118,301 118,652 116,983 117,378 115,633 112,085 103,924 102,446 101,452

liiiEA!l', Mf.nneapol1o Grain Exchange (In thouoonds of bushe1o)

1956 JUly 1,120 1956 September 3,384 4,756 5,077 2,180 509 1956 December 1,6a8 2,858 3,608 8,133 9,143 9,349 9,976 8,273 6,723 3,698 56o 1957 May 303 882 1,629 1,708 2,589 3,246 3,84o 5,971 8,607 9,261 6,650 1957 JUly ~old~ 15 30 115 150 266 276 619 621 1,044 1957 JUly new 1957 September ! old~ l.957 September new 1957 December

Total 6,132 7,917 9,567 11,957 11,390 12,053 13,374 12,379 12,970 12,924 10,642 9,694

WIIEA!l', Kanoao City Board of Trade (In thouaonda of bushe1o)

1956 JUly 1,837 1956 September 12,867 11,785 8,273 2,662 662 1956 December 6,127 11,614 12,980 17,194 16,498 13,271 11,377 8,547 6,390 3,34o ll6 1957 lla.rch 515 1,326 2,503 3,143 4,101 5,381 6,115 8,583 10,851 13,606 12,480 10,261 1957 May 122 514 1,067 1,6o9 1,830 2,245 2,251 2,665 3,344 4,070 5,734 6,273 1957 JUly !old) 120 257 702 1,359 1,575 2,337 2,477 2,982 3,516 1957 JUly nov) 1957 September ~old~ 10 10 15 1957 September new 1957 December ~old) 1957 December nev) 1958 lla.rch 1958 May

Total 21,468 25,439 24,843 24,7a8 23,348 21,599 21,102 21,370 22,922 23,503 21,322 20,065

CORII, Chicago Board of Trade (In thouaonda or bushe1o)

1956 JUly 4,961 --- --- --- --- --- --- --- --- --- --- ---1956 September 22,323 21,014 11,m 13,572 8,391 --- --- --- --- --- --- ---1956 December 20,235 23,252 25,622 27,696 32,190 32,492 33,037 31,4a8 !!7,835 17,044 1,26o ---1957 lla.rch 6,013 7,074 7,717 8,849 11,430 11,794 13,758 18,244 23,676 27,190 aB,007 26,719 1957 May --- 919 2,897 4,o80 5,174 6,o86 9,436 16,434 25,763 a8,317 31,060 30,663 1957 JUly --- --- 134 355 815 1,478 1,887 4,061 6,299 7,84o 9,595 11,747 1957 September --- --- --- .. -:.. .. --- --- 171 550 839 1,787 2,544 3,530 1957 December --- --- --- --- --- --- --- --- --- --- --- 792 1958 lla.rch --- --- --- --- --- --- --- --- --- --- --- ---1958 May --- --- --- --- --- --- --- --- --- --- --- ---

Total 53,532 52,259 54,147 54,552 58,000 51,850 58,289 70,717 84,412 62,178 72,466 73,451

OM'S, Chicaao Board of Trade (In thouaonda or busho1o)

1956 JUly 1,760 --- --- --- --- --- --- --- --- --- --- ---1956 September 9,527 9,739 7,584 5,041 ~ --- --- --- --- --- --- ---1956 December 13,a81 17,838 .. 19,514 21,460 22, 22,26o 20,702 16,745 11,658 6,906 713 ---1957 lla.rch 2,757 6,991 9,607 11,374 12,010 12,015 12,174 13,207 12,984 14,598 14,853 13,365 l.957 May --- 1,718 4,829 7,298 8,249 9,392 9,572 11,719 13,654 15,834 15,857 15,253 1957 July --- --- --- 236 606 882 889 1,305 1,7o8 2,238 2,596 2,994 1957 September --- --- --- --- --- --- 79 49 99 279 294 340 1957 December --- --- --- --- --- --- --- --- --- --- --- ---1958 lla.rch --- --- --- --- --- --- --- --- --- --- --- ---1958 May --- --- --- --- --- --- --- --- --- --- --- ---

Total 27,325 36,236 41,534 45,4o9 44,o4o 44,549 43,416 43,025 4o,103 39,855 34,313 31,952

COIK>DITY FU'liJREB 31

Table 10.--Midmonth and month-end open contracts on principal markets 1 by future, July 1956 to June 1957

Future June 30

WHEAT, Chicago Board of Trade (In tboueende of bushel.s)

1956 July --- --- --- --- --- --- --- --- --- --- --- ---1956 Sept-er --- --- --- --- --- --- --- --- --- --- --- ---1956 December --- --- --- --- --- --- --- --- --- --- --- ---1957 !mcb 30,886 2J.,477 15,957 10,734 2,642 --- --- --- --- --- --- ---1957 Hay 27,869 25,257 26,442 25,186 26,947 24,794 20,595 12,163 5,670 --- --- ---1957 July (oldl 30,571 30,92J. 30,438 31,701 32,161 30,475 31,277 28,112 25,632 20,417 15,395 6,852 1957 July ( ne" --- --- --- --- --- --- y 797 4,198 6,042 7,998 10,377 9,859 1957 September fold) 6,884 7,671 9,073 9,553 10,728 11,861 12,886 10,949 11,792 10,994 10,416 7,251 1957 Sep~er ne") --- --- --- --- --- --- y 57 1,984 3,481 5,376 10,304 14,693 1957 December (old) 835 2,253 3,452 4,370 5,650 6,874 8,567 8,768 9,2J.5 8,930 9,050 5,755 1957 Dec-er (ne") --- --- --- --- --- --- y 870 3,002 5,325 9,942 15,033 20,442 1958 Ha.rch --- --- --- --- --- --- --- 1,22J. 3,939 7,258 11,420 14,886 1958 Hey --- --- --- --- --- --- --- --- --- --- 2,523 7,895

To tel. 97,045 87,579 85,362 81,544 78,128 74,004 75,049 70,397 71,096 70,915 84,518 87,633

WHEAT 1 Minneapolis Grain Ex.c.hange (In tbouesnda of buebels)

1956 July 1956 Sept-.r 1956 Dec-er 1957 Hey 9,692 9,717 8,472 7,767 6,159 5,476 4,812 3,027 740 1957 July (old) 1,202 1,439 1,52J. 1,8o6 2,847 2,642 2,677 2,383 1,785 1,402 276 34 1957 July (ne") gj 10 431 964 2,450 3,674 3,6ol 4,281 3,112 1957 Sept-er (old) 30 89 187 333 339 278 278 271 285 275 75 1957 Sept-er ( ne") Jl 40 87 364 82J. 1,642 3,453 1957 December 30 2J.7 528

Total 10,894 11,186 10,082 9,76o 9,349 8,888 8,771 8,225 6,834 6,139 6,691 7,202

WHEAT, Kansas City Bos.rd of Trade (In tbouoends of buebele)

1956 July --- --- --- --- --- --- --- --- --- --- --- ---1956 September --- --- --- --- --- --- --- --- --- --- --- ---1956 December --- --- --- --- --- --- --- --- --- --- --- ---1957 !mcb 9,061 7,389 4,473 2,597 82 --- --- --- --- --- --- ---1957 Hey 7,189 7,513 8,830 8,346 8,305 7,001 5,413 2,662 8o3 --- --- ---1957 July foldl 3,830 4,066 4,581 5,120 5,187 3,722 2,494 2,058 1, 726 1,659 1,195 685 1957 July ne" --- --- --- --- JY 432 2,265 4,599 5,745 6,578 6,572 5,637 4,114 1957 September fold) 35 120 265 275 350 236 153 168 193 188 185 170 1957 Sept-er ne") --- --- --- --- JY 5 258 476 625 1,353 1,726 2,715 5,240 1957 Dec-er (oldl --- 225 250 26o 285 26o 230 130 10 --- --- ---1957 Dec-er (ne" --- --- --- --- --- 21 45 561 1,243 2,155 2,676 3,322 4,120 1958 lmcb --- --- --- --- --- --- --- 6o 337 769 864 1,8o9 1958 Hey --- --- --- --- --- --- --- --- --- 155 227 6o7

Total 20,115 19,313 18,399 16,598 14,646 13,787 13,926 12,691 13,155 13,745 14,145 16,745

CORN Chicago Bos.rd of Trade (In tbouoends of buebel.s) '

1956 July --- --- --- --- --- --- --- --- --- --- --- ---1956 Sept-er --- --- --- --- --- --- --- --- --- --- --- ---1956 December --- --- --- --- --- --- --- --- --- --- --- ---1957 ltlrcb 24,725 20,881 14,305 5,545 632 --- --- --- --- --- --- ---1957 Hay 31,927 33,979 31,244 34,397 32,843 28,209 2J.,304 9,483 2,175 --- --- ---1957 July 13,8oo 16,039 18,794 23,681 28,584 31,788 34,920 38,952 41,704 36,054 25,450 14,414 1957 September 3,876 4,851 7,741 8,243 9,288 10,270 10,938 12,678 15,145 16,389 17,599 20,528 1957 December 3,063 4,495 6,641 8,399 9,574 11,368 13,715 15,056 17,743 20,256 22,125 22,746 1958 Harcb --- --- --- --- --- --- 628 1,339 2,790 3,447 4,375 5,496 1958 Hay --- --- --- --- --- --- --- --- --- --- 427 696

To tel. 77,391 8o,245 78,725 8o,265 8o,92J. 81,635 81,505 77,508 79,557 76,146 69,976 63,88o

OATS, Chicago Bos.rd of Trade (In tbousende of buebelo)

1956 July 1956 Sopt.ember 1956 December 1957 Harcb 12,150 10,708 7,874 5,997 2,683 1957 Hay 15,403 15,173 13,675 13,708 14,234 13,054 8,993 4,535 706 1957 July 3,671 3,947 4,308 4,469 4,796 4,851 4,98o 5,366 5,962 5,757 4,867 3,394 1957 September 422 516 8o2 834 1,395 1,731 2,122 2,530 2,891 3,513 4,202 5,l2J. 1957 Dec-er 5 49 207 244 850 1,557 2,229 3,451 4,211 5,715 1958 Harch 1958 Hay 45 265 506 98o

107

To tel. 31,646 30,344 26,664 25,057 23,315 19,88o 16,945 13,988 11,833 12,986 13,786 15,317

32 COIMJDITY PUTURES

Table 10.--Midmonth and month-end oyen contracts on principal. markets, by future, Jul,y 1956 to June 1957--Continu.ed

___ Fu_t_ur_e ___ J__J_\ll.y __ l5_JI_J_\ll.y __ 3_1-'---llug--. _1_5_!__/\ug __ ._31_-'-_eep_t.iGt. 30 I Oct. 151 Oct. 31 I Nov. 15 Nov. 30 Dec. 15 Dec. 3~ RYE o:bicago Board of Trade (In thousands of bushels)

' 1956 J\ll.y 626 --- --- --- --- --- --- --- --- --- --- ---1956 September 3,778 3,854 2,442 1,34o 550 ··-- --- --- --- --- --- ---1956 December 5,436 7,323 8,492 9,136 9,483 8,862 8,164 6,425 5,000 2,566 947 ---1957 March 998 2,748 4,504 6,593 7,633 7,8&) 8,420 8,668 9,734 9,105 8,264 7,932 1957 Ma,y --- 912 2,246 3,912 4,807 5,992 6,744 8,345 10,861 11,137 10,921 11,153 1957 J\ll.y --- --- --- --- --- 553 955 1,633 1,934 2,741 2,984 3,242 1957 September --- --- --- --- --- --- --- --- --- 11 236 364 1957 December --- --- --- --- --- --- --- --- --- --- --- 72 1958 March --- --- --- --- --- --- --- --- --- --- --- ---1958 May --- --- --- --- --- --- --- --- --- --- --- ---

Total 10,840 14,837 17,684 20,981 22,473 23,267 24,263 25,071 27,529 25,56o 23,372 22,763 - ·- --- - I-···~--- . -

FLAXSEED, Minneapolis Grain Exchange (In thousands of bushels)

1956 July 70 1956 September 459 506 526 173 154 1956 December 159 174 185 354 458 566 6o7 517 398 170 5 1957 March 1 9 9 9 11 1~ 12 1957 Ma,y 17 58 93 139 317 338 344 1957 J\ll.y 1957 Beptember

Total 688 68o 711 527 612 584 674 619 546 498 355 356 ~- ~~--'---- --

SOYBEANS, Chicago Board of Trade (In thousands of bushels)

1956 July 8,829 --- --- --- --- --- --- --- --- --- --- ... 1956 September 23,463 22,257 18,865 11,579 6,142 --- --- --- --- --- --- ... 1956 November 24,231 29,462 29,796 31,916 36,107 31,4o4 26,690 12,296 4,265 --- --- ... 1957 January 15,4o8 16,304 17,742 21,724 23,986 26,088 30,268 35,366 34,163 32,032 26,536 18,177 1957 March 7,592 11,805 13,663 16,471 18,359 19,981 21,883 26,087 27,230 26,254 30,759 31,575 1957 May --- 3,857 6,484 9,24o 15,059 19,418 25,261 31,749 32,14o 33,512 34,56o 34,990 1957 July --- --- --- --- --- 1,878 4,876 8,694 11,16o 13,505 14,168 15,996 1957 September --- --- --- --- --- --- --- --- --- 1,197 2,349 3,586 1957 November --- --- --- --- --- --- --- --- --- --- --- ... 1958 January --- --- --- --- --- --- --- --- --- --- --- ---1958 March --- --- --- --- --- --- --- --- --- --- --- ---

Total 79,523 83,685 86,550 90,930 99,653 98,769 108,978 114,192 108,958 108,500 108,372 104,324

COTroN, Nev York Cotton Exchange (In thousands of bales)

1956 July 1 --- --- --- --- --- --- --- --- --- --- ---1956 October 275 263 248 213 169 51 1 --- --- --- --- ---1956 December 516 530 548 568 567 532 439 348 159 52 l ---1957 March 31-l 332 348 363 384 414 414 4ol 377 376 366 330 1957 !6y 154 162 179 201 233 26o 262 344 361 393 397 408 1957 July 126 126 l29 118 117 134 146 158 153 167 169 166 1957 October 32 41 6o 70 84 92 98 118 131 l29 145 145 1957 December 4 7 21 30 4o 47 54 71 77 82 95 91 1958 March --- --- --- --- 1 4 8 14 15 18 26 28 1958 !6y --- --- --- --- --- --- --- --- l 6 8 12 1958 July --- --- --- --- --- --- --- --- --- --- --- ---1958 October --- --- --- --- --- --- --- --- --- --- --- ---1958 December --- --- --- --- --- --- --- --- --- --- --- ---

Total 1,419 1,463 1,533 1,563 1,595 1,534 1,442 1,454 1,274 1,223 1,207 1,186

COTroN, Nw Orleans Cotton Exchange (In thousands of bales)

19% July 1 --- --- --- --- --- --- --- --- --- --- ---1956 October 66 62 50 44 43 13 (6) --- --- --- --- ---1956 December 90 90 89 93 88 82 69 64 47 7 l ---1957 March 56 61 6o 61 61 67 69 65 56 58 51 50 1957 May 82 88 93 91 87 811 83 90 89 84 82 81 1957 J\ll.y 26 30 29 31 29 36 51 54 51 51 57 55 1957 October 8 11 26 27 30 30 34 50 48 47 47 43 1957 December 2 3 7 8 12 12 15 26 25 26 29 30 1958 March --- --- --- --- --- --- (6) 4 7 7 9 lO

1958 May --- --- --- --- --- --- --- --- (6) 2 4 4

1958 J\ll.y --- --- --- --- --- --- --- --- --- --- --- ---1958 October --- --- --- --- --- --- --- --- --- --- --- ---1958 December --- --- --- --- --- --- --- --- --- --- --- ---

Total 331 345 354 355 350 324 321 353 323 262 280 213 -

Future

1956 July 1956 September 195G December 195'1 March 195'1 Hay 1957 July 1957 September 1957 December 1958 March 1958 /tl.y

Totsl

1956 July 1956 September 1956 December 1957 ltl.rch 1957 /tl.y 1957 July 1957 September

Total

1956 July 1956 September 1956 november 1957 J!ll!U!U"Y 1957 lt>.rch 1957 /ofay 1957 July 1957 September 1957 1/ovember 1958 JllDUDoi"y 1958 lt>.rch

Totsl

------1956 JuJ.y 1956 October 1956 December 1957 V.arch 1957 I~ 195'1 JuJ.y 1957 October 1957 December 1958 lmch 1958 May 1958 JuJ.y 1958 October 1958 December

Toto.J.

1956 JuJ.y 1956 October 1956 December 1957 Mnrch 1957 May 1957 JuJ.y 1957 October 1957 December 1958 Mllrch 1958 May 1958 JuJ.y 1958 October 1958 Docomhor

To tel

-

33 Table l.Oa--Midmonth e.nd month-end open contracts on principal. markets, by future, July 1956 to June 1957--Continued

Jan. 151 Jan. 31IFeb~-~~J-~e~ ~--~~L~~-~=l~pr. 1ili· ~ May 15 r JoBy 31 __ J_ ____ ~-------

June 15

RYE, Chicago Board of Trade (In thousands of bushe1e)

--- --- --- --- --- ,ff --- --- --- --- --- ------ --- --- --- --- --- --- --- --- --- ------ --- --- --- --- --- --- --- --- --- ---7,342 6,150 4,181 2,1<08 625 --- --- --- --- --- ---

11,734 11,218 9,833 9,365 9,649 7,377 4,334 1,077 --- --- ---3,715 3,672 3,550 3,790 4,629 5,278 5,828 6,102 6,11<0 6,137 5,291 2,8o2

505 742 1,017 1,281 1,413 1,8o4 2,177 3,108 3,923 4,562 5,056 5,341 199 393 483 550 762 919 1,434 2,420 3,857 5,378 6,913 6,376 --- --- --- --- --- --- --- --- --- 272 2,121 3,739 --- --- --- --- --- --- --- --- --- --- 786 1,443

23,495 22,175 19,064 17,394 17,078 16,576 16,816 15,964 14,997 16,349 20,167 19,701

FLAXSEED, Minneapolis Grain E<change (In thousands of buahels)

l2 4 4 4 346 376 379 384 363 368 336 195

4 13 16 24 108 135 110 115 76 l2 10 22 27 62

358 38o 383 392 376 384 360 315 145 132 142 138

SOYBEAI'IS, Chicago Board ot ·rrode (In thou sonde of bushels)

--- --- --- --- --- -~-~=- --- --- --- --- ------ --- --- --- --- --- --- --- --- --- --- ------ --- --- --- --- --- --- --- --- --- --- ---6,135 --- --- --- --- --- I --- --- --- --- --- ---

28,114 22,629 17,642 1(), 757 1,955 --- --- --- --- --- --- ---34,044 31,057 31,492 31,605 33,362 ~,194

I 24,159 16,571 10,102 --- --- ---

18,367 18,714 18,197 19,421 20,557 21,760 22,350 23,905 28,932 27,364 23,738 15,292 4,596 5,571 8,011 8,962 9,61<0 9,935 I 10,8~ 13,300 15,883 17,735 19,096 2l.,933

--- 1,443 4,817 7,155 8,856 11,088 14,340 17,567 19,491 23,043 25,633 25,788 --- --- --- --- --- 260 2,269 4,292 5,341 8,452 9,875 9,891 --- --- --- --- --- --- --- --- --- 1,206 2,171 4,047

91,256 79,414 8o,l59 77,900 74,370 73,237 73,948 75,635 79,749 77,8oo 8o,513 76,951

COTI'ON, Nev York Cotton E<c:hengo (In thousands of bsles) -~-- - -- -·

--- --- --- --- --- --- --- --- --- --- --- ------ --- --- --- --- --- --- --- --- --- --- ------ --- --- --- --- --- --- --- --- --- --- ---264 185 97 42 6 --- --- --- --- --- --- ---418 391 179 368 3'15 315 237 100 2 --- --- ---157 146 139 141 160 157 155 176 164 115 92 28 145 151 146 156 178 182 174 178 173 174 177 166 102 105 1~ 143 157 162 164 168 178 205 214 235

34 38 63 68 73 76 83 95 102 122 134 137 18 28 42 56 68 8o 85 92 100 lll 126 129

--- 10 26 34 l<O 46 65 64 64 73 79 99 --- --- --- --- --- --- 17 39 58 74 8o 105 --- --- --- --- --- --- --- --- --- --- 1 15

1,138 1,054 1,022 1,008 1,027 1,018 98o 912 841 874 903 914

COTI'OR, Nev Orlsans Cotton E<c:henge (In thousands of bsles)

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

31 21 7 5 1 --- --- --- --- --- --- ---66 44 42 41 42 l<O 35 18 (6) --- --- ---l<O 35 33 31 34 36 37 44 43 34 28 6 4? 46 41 38 42 49 45 46 45 35 36 31 32 32 26 24 25 31 25 24 ~ 38 37 34 10 11 14 17 19 19 20 21 20 26 28 27

5 10 15 19 21 24 ~ 28 26 32 35 38 --- 11 l2 l2 13 14 20 20 19 21 23 27 --- --- --- --- --- --- 5 19 26 34 29 31 --- --- --- --- --- --- --- --- --- --- 1 2

226 210 190 187 197 213 217 220 209 220 217 196

34 CO!oll~DITY FUTURES

Table 10.--Mldmonth nnd month-end open contractu on principal marketo, by fUture, Ju.l.,y 1956 to June 1957--Continucd

1956 Jul,y 1956 October 1956 December 1957 March 1957 May 1957 Jul,y l957 October 1957 December 1958 March l958 11ay 1958 Jul,y 1958 October

Total

HOOL, ~tool Associates of the New ·York Cotton Exchanee, ~~~~-~~.-----~~~--- ----- -~----~

J26 l,332 l,518

876 276 534 120

l,236 l,896 1,314

366 624 126

l,128 1,824 1,614

414 654 210 24

936 1,854 1,530

336 768 264 6o

762 l, 788 1,674

534 972 306 96

510 1,812 l,752

672 996 330 150

Inc. (In thousa.ncla o1' r..oundo)

1114 1,920 l,788

846 l,08o

306 168

1,620 2,0"(0

804 1,044

288 222

1,452 2,514

846 1,008

300 204

6

t--~4~,7~8~2--j-~5~,5-6~2--+-~5,868 L___5~,7~48~--~6~,1~3~2--jf--~6-,~-=: f ,,;~~+ .,:·-'-~~6~,3~30--'-

1,032 2,742 1,242 1,080

522 300 24

-------~--.----_,w_oo_L_TO_PS_.c, Wool Associntes or the New York Cott.on Exchange, Inc. (In thousands of pounds)

1956 July 1956 October 1956 December 1957 March 1957 May 1957 Jul,y 1957 October 1957 December 1958 March 1958 May 1958 Jul,y 1958 October

Total

1956 September 1956 October 1956 November 1956 December 1957 Jruruary 1957 September 1957 October 1957 November 1957 December 1958 Jruruary

Total

135 2,890 2,700 2,ll.O

715 620 205

5

4,097 1,914

652 144

24

6,831

2,595 2,565 2,345

770 665 230 10

6,923

2,320 2,500 2,48o

755 725 24o 10

1,885 2,475 2,695

820 74o 245 15

1,38o 2,370 3,ll5 1,025

855 320 15

585 2,355 3,355 1,365

910 490

35

24o 2,1165 3,370 1,1~25

955 515 120 10

9,100

1,885 3,165 l,36o

96o 525 155

8,050

1,145 2, 755 1,330

905 510 175

6,820 ~--~-- ··-·-

6o5 3,035 1,250 l,lll()

745 200

6,975

EGGS, "Refrigerator Contract," Chicago l~rcantile EY.change (In carlots)

2,431 2,390 1,174

447 254

1,433 2,869 1,230

638 434

'-~--~-

6,696 6,6o4

612 2,544 1,4o2

759 508

5,825

1,776 2,152 1,097

8311

5,859

483 2,174 1,879 1,049

81

1,679 2,245 1,504

155

196 2,471 2,390

353 108

2,033 3,062

488 128

5,666 5,583 5,518 5,7ll ----------''-----'---~--'----_L_ ___ _,_ ____ I---~--__1-~-- --- '---~-~ ~~---~--

1956 November 1956 December 1957 Jruruary 1957 Febru=y 1957 March 1957 April 1957 11ay 1957 November 1958 January 1958 March 1958 April

1,94o 83 85 39

1,282 133 ll

2,200 89

149 39

1,502 167 ll

POTATOES, "Maine Grown," New York Mercantil-e El<.chBl'lge (In ca.rlote)

1,903 70

155 42

1,539 176

1

1,84o 69

181 35

1,330 274 13

1,772 1,500 65 70

227 297 38 39

1,953 2,134 3ll 347 26 58

!

·~--~~--f------t~~~ ---+--- ~ -

1,274 70

387 50

2,41~ 512 129

G4o 66

454 50

2,774 571 320

238 6o

506 4o

3,ooe 682 4o1

4,935

55 521 4o

3,266 750 489

5,121

54o 2,4o6 l,lG4 1,056

594 288 48

365 3,190 1,475 1,290

775 270

30

7,395

4,36o

21 379

4o 3,3ll

8116 518

5,994

3,070 1,525 1,265

795 305

30 5

6,995

2,456 1,152

198

3,806

314 43

3,190 870 485 103

5,005 _______ T_o_tol ________ -L __ 3_,_57_3 __ L-__ 4_,1_5_7 __ L__3_,_89 __ 2_J ___ 4_,_24_2 __ ~ __ 4_,3_9_2 __ 1 __ ~,_,4_4_5~ __ 4_,_8_4_1~--4,875

~~~----·--j___--

----------,-----,-~-O_J_ITOrlB1 11YelloW' Globe Type Contract1 u Chicago Melrcant!le Exchange (In corlots)

1956 November (old) 82 79 25 22 I 22 1956 November (nev) 1,257 1,459 1,621 1,592 1,537 1957 Jruruary 1,893 2,29~ 2,193 2,265 2,397 1957 Febru=y 256 310 395 552 732

~-~-~~f~f~=~~~o:~: __ __.~~~3~~~~~~~~~-j~-~~~4~,.~~~~~-+~_~_:~,~:-;~'!~1 -~~j--~4~,_~~~~-J,~ 22

1,471 2,503

743 291

·r 1,155 2,375

839 ~86

1 393

2,268 863 78o

4,305

86 2,028

903 1,055

4,072

1,813 1,129 1,569

4,5ll

1,480 1,190 1,989

5

4,670

1,039 1,079 2,2ll

6

4,337

~-

COIMJDITY FUTURES 35

'.fll.lblc 10.,.-t.U.dmonth o.n<l month-end open contracts on prlncipaJ. markets, by future, July 1956 to June 1957--Contlnued

Future

1;5·~ July 1~56 Octobr.!r 1/5~ December 1957 H•roh 1~5'( Mt.L:f 1957 Jul:! 1')5'1 Or:tobor 1fJ57 fuccmber 11j5i3 J.lo.rch 1/5J H11Y 1953 Jul:! 195iJ October

2,436 1,266 1,11UJ

78(, 264 72 6o

June 30

WOOL, ~Tool Associo.tea of the Ne-w York Cotton EY.chang:e, Inc. (In thouaa.nda of pounds)

2,070 1,224 1,368 1 002

'282 ll4 78

1,278 1,242 1,G44 1,140

282 384 246 12

)82 1,332 2,598 1,416

384 426 264 48

378 1,000 2,478 1,488

500 450 252

48

~42 2,196 1,542

756 552 252 48

402 1,992 1, 1JJ)

972 654 504 18(,

-.------.------.------.------.------

16a e.G 1,8'..6 1,674 1,tl96 2,040 1,314 1,662

948 1,056 66o 642 270 312

1,314 2,000 1,848 1,278

690 450

1,0911 2,094 1,962 1,272

'702 498

708 2,058 2,094 1,278

696 534 30

-----·-·-··· . --····· ·--·-f--'rotol

1956 Jul:f 1956 October 195;) l)":cember 195'1 March 1957 May 1')5'( July 1957 October 1957 December l95r3 March 1958 /lay 1?5~ July 1953 October

'rotol

1~56 ~ptcmber 1956 October 1956!/ov.WCr 1956 December 1~57 Jnnuory 1957 Se!>tember 1957 October 1957 November 1957 December 1958 Jarnw.:ry

Total

1~% UovC!lllbor 19% December 1957 Jarnw.:ry 1957 Febt"UUJ.l'y 1957 March 1957 April 1957 /l,ay 1957 November 1958 Jarnw.:ry l9XS 1-ilrch 19jiJ April

Total

1)56 llovember ~old) 1956 Rovmnber new) 1957 JIU!Ull.r~ 1m February 1957 March 195·r tlovomber

1,544

I l,Bo4

265

I 3,613

l92 41

3,204 842 563 l63

r--5,005

2l8 l,037 2,587

l9 l95'J JIU!Ull.ry

:;_b/~-Total 3' 86l

6,138 6,228 7,050 6,882 6,200 6,420 7,122 7,452

WOOL TOPS, \olool Aaoocia..tco of the ne;r York Cotton Exchange, Inc. (In thousands or pou.ods)

1,J.60 1,475 1,675 1,150

855 405 370

25

455 1,555 1,76o 1,120 1,025

500 395

25

1,615 1,975 l,325 1,105

645 425

25

845 2,005 1,670 1,245

990 585 70

485 1.,685 ) .OC)()

1,425 1,365

6oo 135

350 1,625 2,1Bo 1,615 1,520

620 175

-·- . ·--- f----------1----- ------

1,465 2,250 l,650 1,815

740 345

7,135 6,835 7,ll5 7,410 7,645 8,085 8,265

EGGS, "Ref'rigerator Contrat::t," Chicago Mercantile Elr:.change (In carlots)

2,3ll 2,685 2,877 3,528 3,691 3,936 3,989 4,2l8 4,527 519 677 769 l,139 1,443 1,738 1,854 2,036 2,345

95 293 470 697 90 199

--· -·----~-·~ --·-----2,830 3,362 3,646 4,667 5,134 5,769 6,136 6,814 7,768

PCYrATOES, "Maine Grovn," Nev York Mercantile Exchange (In carlots)

47 ll 2,892 2,547 1,938 469 1,056 1,184 1,358 1,462 941 266

743 1,079 1,462 2,239 2,443 2,940 2,976 1,681 173 175 167 189 222 247 237 269 331

34 40 58 103 105 105 ll2 ll2 72 ll3 216 298

51 63

4,9ll 5,030 I 4,965 4,417 3,'709 3,630 3,431 2,329 Bo4

omoN3, "Yellow Globe Type Contract," Chicago Mercantile Exchange (In carl.ote)

417 6 2,795 2,626 1,437 255

48 l20 208 440 550 673 929 1,058 l,074 14 35 72 155 249 378 408

7

3,26o 2,752 1,659 730 622 826 1,178 1,436 1,489

7,626 7,398

1,24o 1,000 2,190 2,15~ 1,835 1, 76o 1,775 1,865

770 iJ50 395 440 30 150

--· ------ ------8,235 8,220

4,610 4,659 2,576 2,726

775 1,013 256 373 15 63

--1--------8,232 8,8)4

348 401 l08 ll6 310 438 77 152

81•3 1,107

1,214 1,255 473 537 37 77

f --------1,724 1,869

36 COMM:lDITr FUWREB

Table 10.--M.id.month and month-end open contracts on principal markets, by tuture 1 July 1956 to J\me 1957--Continued

Future -~Jul-Y _l~_July ~~· 15I~~~Q~pt.~_L~~~E~~1o~~~~~J N:V~-~=-L~:iiDec. 151 Dec.~ ----------------1956 Jul_y 1956 Bcptembcr 1956 October 1956 December 1957 January 1957 March 1957 Hay 1957 Jul_y 1957 Bcptember 1957 October 1957 December 1958 lmch 1958 Hay 1958 Jul_y

Total

1956 Jul_y 1956 Bcpt-er 1956 October 1956 December 1957 Je.tlllllr'J 1957 lmch 1957 Hay 1957 Jul_y 1957 Bcptember 1957 October 1957 December 1958 January 1958 lmch

T.otal

1956 Jul_y 1956 Bcptember 1956 October 1956 Nov-er 1956 Dec-er 1957 January 1957 lmch 1957 Hay 1957 Jul-Y 1957 Bcptember 1957 October 1957 November 1957 Dec-er

Total

----------------1956 Jul-Y 1956 September 1956 October 1956 December 1957 January 1957 March 1957 !<By 1957 Jul_y 1957 Bcpt-er 1957 October 1957 De~er 1958 January 1958 March 1958 May

Total

~~--,-----9,5110_ ---

90,0Go 70,2XJ 10,98o 12,4ro 36,240 38,8ro 2,76o 3,0Go

ro,16o 20,28o 12, 78o 15,48o

7a:J 1,8oo 540 78o --- ------ ------

I ---

--- ------ ---183,7±,840

37,68o ---76,o8o 57,48o 70,86o 84,300 56,16o 72,48o 34,38o 40,440 59,400 74,940 7,440 11,700

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

342,000 341,340

9,000 68,400 61,88o 25,440 27,440 11,640 17,100

5,48o 7,440

119,96o 113,88o ··-----·----~--

COTTONSEED OIL, New York Produce EKchange (In thousands of poundo) ,------ ------·--- ---------- ------,--h- _T _________

I

--- --- --- --- --- --- ...... .. .... 61,6ro 19,3a:l 2,100 --- --- --15,900 33,118o 31,,260 19,56o 3,96o --52,oro 57 ,o6o 55,26o 56,5ro 52,56o 48,3 3,300 3,300 3,78o 3,96o 4,38o 4,9

23,58o 29,16o 29,340 36,000 46,4110 50,8 24,900 30,36o 37,38o 56,58o 71,76o 82,9 9,48o 16,68o ro,o40 24,180 28,500 35, 1,08o 2,700 5,16o 8,76o 9,000 9,9

--- --- 1a:l 300 48o 7

- ...... .. .... - ...... ---41,16o 9,540

5,040 6,000 67,9a:l 84,000 88,26o 93,300 44,100 45,000 11,700 12,4ro

700 9Go --- --- I --- 6o 4ro 2, --- --- --- --- --- -- 3,6oo 4,56o

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

191,88o 192,06o 187,440 a:J5,9a:l 217~35,6 --~-

262,500 255, 78o

SOYEEAN OIL, Chicago Boo.rd of Trade (In thousands of pounds)

---47,640 85,740 71,88o 39,66o 91,26o 25,68o

------------------361,86o

LARD,

49,5a:l 32,56o 21,300 9,36o

640

113,400

--- ---35,400 lO,a:>o 78,48o 76,26o 77,500 84,540 38,340 38,940

l03,26o 109,8oo 32,64o 43,3a:l

66o 4,600 --- ------ ------ ------ ---

----

5G,l <Go 19,500 93, 42,

117, 73, 11,

7a:J 97,0 00 6oo 48,3 6o 540 121,440 oro 109,260 040 28,3 ro

7 00 --

I ---------

84,6oo 57,900

i 138,000 ! 150,48o

I 45,400 2,040

----- ---

366,~-t 367,~-- 394, . -- ---------

-~ -- -----

~1478,~ 38o 424,6

Chicago Board of Trode (In thousands of pounds) "·-~~··~

18,88o 2,96o 41,16o 38,100 28,240 9,6oo 29,28o 35,300 42,96o 46,9a:l 30,28o 13,400 13,100 17,000 21,2XJ 29,48o

2,48o 3,08o 4,440 5,8oo 9,300 1,l6o 3,7ro 4,840 7,8oo 11,oeo

eo 10,640

106,360 96,300 97,48o 91,400 90,8oo - --

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

69,960 49,900 59,46o 6o,78o

143,800 161,16o 159,48o 167,58o 61,98o 75,48o

3,180 6,100 --- ------ ------ ------ ---

---497,88o 521,040

6,920 26,400 25,48o 10,240 15,5a:l l2,36o 14,500 11,840 16,100

76o

67, 76o 72,4oo ·---·---- --------·-

COTI'ONSEED MEAL, "SOlvent Process/' Memphis Board of Trade CleDl'ing Asaocic.tion (In tone)

---------8,640 6,000

81,96o 102,7a:J

58,500 13,140 1,8oo 6,240

---------279,000

---------

21,300 64,900

179,400 175,140 86,340 9,840

------------536,940

6,3a:l 19,08o 00,16o l8,16o 2,68o

66,400

,-------- -- ----- -·-··- - -------r·----- ---------- -----,------1,100

700 100 100, 100 100 3,700 3,400 2,900 2,400 2,300 6oo 100 2,6oo 3,100 2,900 3,2Xl 3,4oo 4,8oo 5,000 3,500 3,8oo 3,100 3,900 2,6oo 2,6oo 2,6oo 2,8oo 3,300 3,700 5,900 5,8oo r,,eoo 5,100 4,300

500 6oo ! 6oo 1,500 2,300 2,6oo 3,200 2,8oo 3,300 2,800 2,800 500 500 1,100 1,6oo 3,2XJ 3,2Xl 2,6oo 2,6oo 2,300 2,300

100 = 700 8oo 900 900 800 8oo 500 500 6oo

100

11,2Xl 10,300 9,6oo 11,200 13,2Xl 15,6oo 18,200 15,6oo 15,900 14,6oo 14,800 ___ 1. _,- -- ---------

------------5,53:>

74,500 l03,0&l 61,86o 13,93:>

2,100 6,66o

---------267,73:>

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

44,16o 186,000 l64,16o 77,500 12,13)

------------484,oro

18,1100 ro,ooo 21,960 5,0i<l

65,1100

2,wo 2,700 2,<UI

eoo wo !DO

--_:_

9,000 -

COMMJDITY FUTURES 37 Table 1Q ..... M1dmonth and month-end open contracts on principo.l market.o, by tuture, Ju.J..y 1956 to June 1957--Continued

~t_ur_e-~--~- L J<Ul. 15 J .I ;e~:;.l ;.~. ~ .• J. - ~~-]··· lo!D.r.~~ .• 1T. ~~. 15l. -A;. ~· [ r· -, ............. -.. j . Jllll. 31 ~~ ~ _ . lofllr. _J-5 . . ~· ~~· .. . .. l-E.y 15 ~ .. Hay 31 ... _June 15 ~ June 30

1?56 Ju.l,y 195G September 195V October 1956 December lY5? ,JanuarY 1957 1~ch 19n Ma:r 1957 July 1957 September 1957 October 195'/ December 1950 l~ch 195illilly 1958 July

Total.

1956 Ju.l,y 1956 September 1956 October 1956 December 1957 January 1957 l~ch 1957 lilly 1957 Ju.l,y 1957 September 1957 October 1957 December 1958 January 19581~ch

Total

)956 Ju.l,y 1956 September 1956 October 1956 november 1956 December 19)7 .January 1957 l~ch 1957 lilly 1957 July 1957 September 1957 October 1957 November 1957 December

Total

4,oec 67,320

106,020 72,720 18,1&> 8,220

10,oec

286,620

53,220 112,6&>

90,420 2l,54o 18, 7&> 15,36o 1,200

313,200

COTTONSEED OIL, Nev York Produce ExchllJlse (In thous!Uldo of pounds)

35,820 109,920 95,04o 23,34o 25.56o 19,9&>

2,l6o

10, 74o 112,6&> 103,86o

24,1&> 26,520 23,7(() 2,8ec

1,86o 99,24o

109, 74o 21, 7&> 26,700 25,86o 4,020 1,6&>

290,8ec

78,o6o ll5,26o

27,24o 29,520 3l,200

3,96o 3,36o

288,6oo

6o,4ec J.26,720

29,l6o 28,3&> 35, 34o

5,820 3,4&>

289,3&> T 259,020

2,76o l2l,500

36,24o 28,44o 4o,020 7,74o 7,3&>

244,oec

103,0&> 52,9&> 28,500 41,580 10,26o

6,7&> 6o

84,1&> 65,1<\o 30,66o 42,4&> 13,500

7,:;,1R) 1,86o

33,4&> 93,4&> 32,8ec 48,000 15,84o 8,700 1,920

234,300

SOYBEAN OIL, Chicaeo Board of Trade (In thouolllldo of poundo) .. --- ----~~-----.------,------,.------.-------

2l,06o 183,1&> 175,44o 97,6&> 14,700

66o

163,620 184,56o 105,720

14,220 1•,86o

130,620 192,1&> 108,900

25,74o 9,420 1,620

104,700 187,9&> 107,64o

29,700 10,56o 3,900

46,920 175,l4o 120,6oo

28,620 12,720

5,4oo

16o,14o 142,500

31,9&> 13,200 7,620

l.21,2JO 139,56o

45,36o 16,500 12,120 1,3&>

67,9a:J 145,02:>

46,020 18,84o 20,820 6,84o

r-----~------~-------+---:--~---~---- ----~--+------~-------444;400 389,4oo 355,44o 1 492,720

s,oec 24,l6o 26,J.aJ

7,6100 4o

26,280 26,320 9,6&> 1,48o

16o

468,48o )36,120 305,46o

LARD, Chicago Board of 'l'rode (In thousands of pounds)

2l,16o 30,6&> 12,000

4,16o 84o

20,16o 29,800 12,6&>

4,720 920

3,64o 33,36o 15,120 6,5Go 1,240

28,200 19,920 9,64o 1,4oo

28,200 25,44o 12,3Go

2,000

14 ,6oo 33,® 13,200

2,800

1-------+--------+--------+----t , __ -----~--·----+----- -+--66,o4o 68,84o 68,280 59,920 59,16o 68,oec 64,280

22,500 --- --- ---154,56o 156,120 130,6&> 91,800

54,oGo 58,020 70, 74o 84,o6o 23,220 35,280 4o,6ec 44,64o 29,520 34,200 I 39,la:J 49,26o ll, 76o b17 ,16o I 19,3&> 22,620

--- 3,300 _j__io,320 22,620

295,6;;- ;;;:~;;;; 1 3~~;~--r-;15,000

I

1,G4o

1

1

1.,(),4&:> 17,o8o

2,920 200

37,64o 33,720 25,36o 33,24o 5,120 5, 720

1,2&> 2,4&>

70,320 76,920

31,84o 44 ,tloo 8,320 3,4oo 4,1:::0

92,4&> ________ _j__ _____ [ ____ _l__ ____ '---~·-.. -~.~---·----'------

62,320 ·t 920+ 1,76o

1956 July 1956 September 1956 October 195G lloeember 1957 Jnnuary 1957 l'<lrch 195'1 l-Illy 1957 Ju.J,y 1957 September 1957 October 1957 Docember 1958 January 1958 1-llrch

6oo 2,6oo 2,300

800 6oo 100

CO'M'ONSEED MEAL, "SOlvent Process,'' !~his Board or Trade CleaTing Association (In tons)

3,000 3,300 1,6oo 3,100

800 1,000 6oo 6oo 300 1,300

100

1,500 5,700 1,6oo

6oo 1,500 1,000

500 5, 700 1,400

6oo 2,000 1,800

5,6oo 5,000 J.,4oo 1,300

4,000 1,300

800 2,000 2,900

100

1,100 1,300

800 1,800 2,500

200 100

-·-1 --- I

1,200 1,200 2,700 3,700

200 100

700 1,4oo 3,300 4,100

500 100

700 1,4oo 3,500 4,500

1958 /.ny ::~ I ::E I

~-------t-'--.. _-2_-·~ooo~~---+.~--G-,-300--J+-.. --9-,4oo----l---l-1,-900--.-1_1-.. -_1-. 2-,_-(X)()-_-.. -. +-_--12-;)joo- _12~~ i--~-=--oo--+~--7-,-.~---+---9-,-100---t--10--,100----t---10--,900----

500 100 200

38 COMMJDITY FU'IIJREB

Table 10.--Midmontb ODd montb-elld open contracts on principal markets, by future, July 1956 to June 1957--ContiDUed

Future

SOYBEAN MEAL, Chicago Boord of Trade (In tons)

1956 July 10,000 --- --- --- ' --- --- --- ---1956 August 61,500 41,100 20,300 --- --- --- --- ---1956 September 36,400 29,8oo 27,100 18,000 5,6oo --- --- ---1956 October 26,500 28,700 29,900 :1!,700 37,100 :;:;,ooo 8,6oo ---1956 December 36,000 42,400 44,300 47,900 52,000 66,6oo 58,100 50,500 1957 January 26,700 33,000 35,6oo 4o,ooo 43,8oo 41,900 45,000 53,6oo 1957 I>Brcb 9,900 20,400 19,700 :;:;,ooo 39,100 47,400 64,400 89,500 1957 1-By 3,300 4,900 6,700 7,000 13,400 25,700 46,500 75,8oo 1957 July --- --- --- 8oo 16,000 24,300 51,100 89,000 1957 August --- --- --- --- --- --- --- ---1957 September --- --- --- --- --- --- --- ---1957 October --- --- --- --- --- --- --- ---1957 December --- --- --- --- --- --- --- ---1958 January --- --- --- --- --- --- --- ---1958 I>Brcb --- --- --- --- --- --- --- ---

Total. 210,700 000,500 183,6oo 174,6oo 207,000 236,100 273,700 358,400

!J Trading in 11new" contracts began April 151 1957, in the 1957 July, September, and December tutures.

gj Tra.dill8 in the "'new" contract began March 15, 1957, in the 1957 July future. Jl Trading in the 11 new" contract began April 21 195'7 1 in the 1957 September future.

!±/ Trading in 11::J.eW'" contracts began lofa.rch 15, 1957, in the 1957 July and September futures. 2/ Trading in the "new" contract began J.farch 18, 1957, in the 1957 December f'uture. §! Leas than 500 bales.

--- --- ------ --- ------ --- ------ --- ---4o,100 22,000 3,8oo 59,700 53,100 38,500 97,300 109,700 107,6oo 77,700 83,000 84,700

10o,900 lll,OOO ll5,6oo 5,8oo 14,6oo 15,000

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

385,500 393,6oo 366,400

Doo. 31

---------------32,000 9o,J.OO 86,000

114,700

I 17,4oo 1,500

------------345,700

Future

1956 J\JJ,y 1956 August 1956 September 1956 October 1956 DocODiber 1957 J811W11")' 1957 March 1957 foil¥ 1957 J\JJ,y 1957 August 1957 September 1957 October 1957 DocODibor 1958 J811W11")' 1958 March

Total

Table JD.--MI.clmontb &Dd ..,..th-11114 open contracts on pr1nc1pa1 1118rkets, by future, July ~956 to June ~57--ContiDUed

SOYBEAN M!lAL, Chicaeo Board ot Trade (In tons)

3,300 84,500 lD5,8oo a~,JDO 42,500 ~7,6Jo 9~,000 lD2,200 96,6Jo 93,900 9~,6Jo 85,700 67,700 34,400 5,300 ~.500 ll2,000 ll9,300 ll9,700 w,aoo la>,OOO ~.400 ll8,700 la>,700 99,lDO 57,6Jo 25,200 24,400 27,400 28,000 26,6Jo 26,500 25,300 29,6Jo ~.6Jo ~.ooo 37,400 3,500 3,000 6,900 8,000 9,100 lD,OOO ll,8oo ~.900 ~5,400 23,6Jo 33,200 ~,200 6,900 9,8oo ll,200 ~.900 ~4,300 ~5,6Jo ~.400 20,400 23,8oo ~.ooo

700 2,700 4,300 6,900 7,JDO ll,200 20,8oo 38,900 42,6Jo 45,6Jo 200 2,6Jo 6,400

200

~9,200 355,0C':l 343,8oo 307,6Jo 2B9,JDO 263,6Jo 258,000 232,8oo 232,500 222,700 2ll,400

39

26,500 39,900 44,300 38,200 48,8oo 7,000 2,900

207,6Jo

40 COMI4:>DITr FUTU!lm

Table ll. --MaximUm open contractu on pr lncipul markets for long-time periods y, and during the year Jl.ll,y 1956 - J\Uie 1957

long-time periods eoding JUne 1957 Conmlodity lmket Unit

BegJ.nning y Amount Date

Wheat Chicago Board ot Trade Thousand bushels Jl.ll,y 9, 1923 248,294 Oct. 16, 1929 Minneapolis Grain Exchange do. Aug. l, 1923 44,727 Oct. 23, 1929 Kanoao City Board of Trade do. Aug. l, 1923 36,115 Nov. 26, 1932

Corn Chicago Board of Trade 'L'houso.nd buohels JoJ.y 9, 1923 120,172 Jl.ll,y 19, 1933

Oats Chicago Board of Trade '.l'housond buBhels JoJ.y 9, 1923 114,327 Feb. 5, 1925

Rye Chicago Board of Trade Thouoand bushels July 9, 1923 54,471 lolar. 31, 1945

Barley Chicago Board of Trade Thousand buohels JoJ.y 9, 1923 6,766 Jol.y 19' 1933 Minneapolis Grain Exchange do. Aug. l, 1923 7,894 Jan. 29, 1930

Flaxseed Minneapoli o Grain Exchane;e Thouso.nd bushels Aug. l, 1923 3,630 Oct. 29, 1941

S?;ybeano Chicago Board of Trade 'l'housOnd bushels Dec. 9, l94o 129,207 Nov. 16, 1954

Grain Sorghums Kansas City Board of Trade lol1ll1on pounds Sept. 19' 1944 931 Feb. l, 1952 Chi cage Board of Trade do. oc·~. 1, 1951 158 Feb. 1 & 18, 1952

Rice New York r.sercant1le Ex:cbange Thousand pounds JWI8 1, 1949 l,44o Oct. 3-21, 1949

Cotten New York Cotton Exchange Thousand beJ.es Sept. 30' 1937 3,700 Dec. 16, 1952 New Orleans Cotten Exchane;e do. Sept. 30' l9J7 1,333 Oct. 14, 1946

Wool Wool Associates ot the New York Cotton Ex.c:hange 1 Inc. Thousand pounds tm. 17, 1941 24,312 tm. 27, 1952

Wool Tops Wool Associates of the New York Cotton EKclumge, Inc. Thousand powxl.s Aug. 31, 1936 l7,4o5 Sept. 26, 1952

Butter Chicago Uercantile Exchane;e Car lots tm. l, 1922 3,455 Oct. 4, 1941

Eggs Chicago Mercantile Exchange Corlcie tm. 1, 1922 12,096 June 25, 1946

Potatoes Nev York Mercantile Exchange Cor lets Dec. 2, 1941 7,639 Oct. 28, 1954

Onions Chicago Mercantile E>cchane;e Carlot• Sept. 6, 1942 6,020 Oct. 31, 1955

Cotteneeed 011 New York Produce Exchane;e Thousand pounds tm. 17, 1941 584,520 Jan. 15, 1952

Soybean Oil !lew York Produce Exchane;e Thousand pounds ~m. 17, 1941 l52,28o Nov. 25, 1950 Chicago Board of Trade do. Jl.ll,y 17, 1950 54o, 720 Dec. 13, 1956

Lard Chicagn Board of Trade Thouaand pounds tm. 17, 1941 196,950 Aug. 30, 1941

Tallov !lev York Produce Exchane;e Thousand pounds 1m. 17, 1941 4,44o Aug. 22-27' 1956

Bran Kansas City Board of Trade Tone Oct. 1, 1937 42,390 Nov. 20, 1947

Shorts Kansas City Board of Trade Tons Oct. 1, 1937 26,34o Dec. 3, 1947

Middlings St. liJuis Me:t'chants' Exchange Tons Oct. l, 1937 6,200 June 19-21, 1948 Kanaas City Board or Trade do. JoJ.y 7' 1955 2,3lD Sept 5 & 6, 1956

Cottcneeed Ileal Memphis Board of Trade Clearing Association Tons t"'~ 83,200 Bept • 201 1950

Soybean Ileal Memphis Board of Trade Clearing Association Tons

_;~~:~.~~~-274,4oo Apr. 23, 1954

Chicago Board of Trade do. 394,300 Nov. 28, 1956 ··- ---~-·-··-

Y Date when data was tirst reported by clearing members, or earl.lest date for which data waB obtained f'rom the clearing house.

gJ llo open contracts during the year, JoJ.y 1956 te June 1957.

Jf on Jl.ll,y 19, 20, 30, 31, and Ausust 1, 1956.

Yao.r, Jl.ll,y 1956 - June 19;-

Amount Date -119,701 Sept. 12, 1956 13,655 Nov. 9, 1956 26,141 Jl.ll,y 23, 1956

85,842 Nov. 16, 1~56

45,4o9 Aug. 31, 1956

27,627 Nov. 16, 1956

~~l ------720 Aug. 16 & oo, 1956

114,542 Oct. 24, 1956

2 Oct. 15 -

l2 N.,e~ l9~J6, 1~~; (2) ---

1,614 Sept. a>' 1956 358 Oct. 29, 1956

7,920 May 22, 1957

9,54o Jol.y 2, 1956

2 Nov. 16, 1956-Jan. 18, 1957

6,834 JUne 28' 1957

5,241 Dec. 4, 1956

5,096 Oct. 91 1956

322,320 Feb. 6, 1957

15,420 54o,780

Feb. 26 & 211 1957 Dec. 13, 1956

l2D,36o Jl.ll,y 12 & oo, 1956

4,44o Aug. 22-27' 1955

2,28o (3)

1,200 Sept. 12-17, 1956

(2) Sept:·; & 6, 1956 2,3lD

19,500 Oct. 19 & 221 1956

).03,300 Nov. 27. 1956 394,300 Nov. 28, 1956 ---

41

To.blo 12-··Higb.oot w:ad loveot pricee ot tutures on pr1nc1pa.l marketts, by date a.nd. future, for long-time periodn ending Ju.ne YJ, 1957

ComDOd1ty

Wheat

Corn

-·--~------·~·-----...,-----,

1-IB.rkct

Chicoeo Board or Trade H1D.rl.C'o.pol1a Ora.in P!lteb.rJ.Dge KAn.oo.o City Boa.rd ot Tro4o

Chicago Boo.rd ot Tro.dc

Chicago Board of 'l'rt14o

Period Unit

boglnni~

Ceuta per buohel July 1, 1914 do. JuJ.y 1, 1914 do. JuJ.y 1, 1914

Cento per bushel July 1, 1914

Cento per bushel Jul.y 1, 191)4

Higbont Puture.o Price If-------,-·

Future Do.t.c Prlcc

1917 >loy 1917 ... y 1917 f~y

1948 >loy

191,8 ......

>loy ll, 1917 325 lokly 12, 14, 1917 3YJ Mo.y 12, 1917 329

Jo.n. 1.6, l'jlfQ 270 3/4

Jtl.ll. 16, 23, 1.:148 139

Lo....-(:at P'uturell Price - -·------ -----. ··-·-r·--· Futuro Do.t.c Pr1~

1932 Dec. 1932 Dec. 1932 l>'!c.

1932 Dec.

1932 Dec.

Nov. 25, 1932 Doc. 2r'3, 1932 Dec. 28, 1932

~c. 3, 1932

41 1/2 4o 1/8 36

3) 3/4

13 7/8

"'' Chi caso Boord ot Trlld.e /.U.nncnpolio Oruin Exchange

Ci:lnt.o por buabrJl Jul.y 1, 1914 194.6 May May 1, 1946 do. Jan. 31 191.8 1947 Bept.,.Dec. Sc)pt. 15, 1947

236 1/4 1932 Dec. 300 1932 Dec.

nov. 1, 3, 1932 26 1/4 Nov. 3, 1932 24 1/2

Chicaeo Board ot Trad!l Minnenpol.le Grain Exchange

M1nnonpol1o Oro.in Ex:cho.nga

Gruin &>rghUJ!Io Knno.o.o C1 ty Bonrd of Trndo

Hicr.: llcw York Mcrcnntllo Ex.cha.nge No. 1 J::lng Grain Contract

Cotton He.., York Cotton Ex:~h.o.nge

',/ool

Wool Topo

Butt-or

Ilov Or1onno Cotton Ex:cho.ngc

~fool Allooc1~· teo of the Nw York Cotton Ex.chtulec, Inc.

Wool ADoocio.teo of the Ntnt York Cotton Exchange, Inc.

Chicago l~rcantUe Ex:clw.nsc Storoe:e Contract

ChlCUP.P l~rco.ntilc: Ex:cho.Jlgc Refrie;ero.tor Contract

Con to per buohe1 Sept. 12, 1918 1?47 Dec. do. Oct. 9, 1918 1900 ..,y

Cento per buoh.e1 Jul.y 21 19a> 1951 July

Cents por buohel Oct. 5, 1936 1948 f.tLr.

Conto per Bcpt. 19, 194411948 ..,y hundred poundo

:Dollars per hundred pounda Junt1 1, 1.949 1951 Jo.n.

Canto per pound July 11 1914

do. Jul.,y l, 1914

(1951 ...... , (Moy, JuJ.y

(1951 lm., (Hoy, JuJ.y

Cont.o per pound Mor. 17, 1941 1~51 1-br.

Cents per pound Mo.y 1.81 1931 1951 )oku-,

Cents por pound Dec. 1, 1919 1948 Jan.

Cents per dozen Dec. 1 1 1919 1921 Jo.n.

Poiutoeo Chica.go Mcrcant.lle EY.ch.o.nge D:::llla.ro per Ruonct Burbanka gj hundred pound.o Jan. 1 1 1931 1952 Mo.r.

Rev York Mercantile Ex.ch.o.ngo lf.co.loo Grown, Contro.ct No. l d.o. Doc. 21 1941 1956 loby

Onioou

Cott-Qoo~cd Cil

Chico.go ~rcant1lc Ex.ch.o.nga Yol.l.mt Globe 't'ypo Contract

Ue\f' York Produt::e E>:cho.neo

!))liars per j 50-pound oacl: &pt. 8, 1942 191,8 lm.

Prl_mo BUl11IlCT Yello\f' (Drum.o),;j Cento per prund Jul;r 1, 1914 1:,119 Oct. B1ench.o.blc Pr lmc 9\lnmer

Yellow (Tu.nk co.ro) do. I.W.;r -3, 1930 1940 Ho..:r

Boyboanon

l.ord

''"" O:bortn

lotlddl1ngo

Rev York Produce F!ltcha.x:lgc Prime Cnldo Dloo.chablo Ret1nod l_Y

Cblco.eo Board or Trade Crude

Chicago Board or Tro.do

Row York Produce Exclw.nge

Kn.nno.a City Board of Trade

Kanao.u Cl ty Boo.rd of' Trodo

Kaneo.o City Bonrd or Trade

CotWnneed l~n.J. ~hiu Boord or Trnde C1ear1ne Asoocio.tion

!k.yb(,nn /~n.J. l.tma-ph! 0 Doard or Trade Clanring AJJnoc1Btion

Ch!t:ogo Boord or Trudo

Cent!l por pou.od Sept. 3, 194o 1951 ..... . do. Nov. 25, 194G 1947 ..... .

""· JuJ.y 17, 1950 1951 ..... .

1919 JuJ.y

Cent a per pound Juno a) 1 1935 1937 June

Jb.l.l..nra per ton Jen. 1 1 1932 1948 Jan.

J);)ll.o.ro per ton Jo.n. 1, 1932 19-48 Jv.n,

Ibllo.ro per ton Jul..Y 7, 1955 1956 J.by

Dol.la.rs per ton Jtlll. 15, 1929 1948 Jnn.

Dolloro per ton July 8, 194o 1948 Jnn. ""· Aug. 29, 1951 1954 >loy

y On mw.,ro.l. dntoo Crom t.hrch 8, 1951 through r.k:ly :'.41 1951. ~/ Prior tQ !locombor 26, 1951; "Ic!aho RuJIOeto." J/ Contro.ct termJ.n.o.tcd Mrly 71 1930 •

V Contr.not ouopended ~ch 31 1950 •

5/ On OI'JOODJ.ber 20, 221 23, 26, and 2'{ 1 1932.

Dec. 11 1947 May 4, 19CO

lofor. 141 1951

lB7 173

4%

Jo.n. l£1 1948 4.41

Aug. 2';-31, 1950 ll.75

(1) 4>.31

(1) 45.)9

Jo.n. 241 1951

Jo.n. 241 1951

Jan. 16, 1948

Jan. 29, 1921

Dec. 26, 1951

l~y 151 1950

...... 22, 191,8

June 23 1 191~

~~ 14, 15/lVJ

Jo.n. 311 1951 Fob. ll, 1947

Jan. 30 1 1951

Ju.llc< 14, 1919

Jon, 14, 1937

Jan. 171 1948

Jan. 23, 1948

Mo.y 8, 1950

JOll. 9, 191,8

Jo.n. 24, 1948 Avr. 27, 1954

364.0

432.0

64.00

7·25

G.3:>

G.6o

28.00

43.00

2J.,80 31.00

2J..95

36.35

9·95

86.10

Bi.l.:;o

47.00

99.00

108.50 105.00

1932 Dec. 1932 Doc.

1932 Bcpt.

1939 Dec.

1944 Dec.

1951 Oct.

1932 .Jhly

1932 Ju.l;t

1932 Aug.

1933 Dec.

1931 Jan.

1931 Oct.

1Y54 !<or.

1956 ll,o.r.

1914 Dec.

1~32 July

1941 Moy 191,8 Jon.

1952 >loy

1932 JuJ.y

Doc. 13 1 1932 Oct: 8, 1932

JuJ.y ZL, 1932

15, 1939

nov. 21, 1944

8ept. 21, 1~'51

June lD 1 1932

June 10 1 19 32

Sept. 5, 1944

Aue· 41 1932

Dec. 14 1 1933

Jun. :JJ, 1931

loct. ~{, 24, 1931

: Fob •. 35 and i Mar. 5, 1954

i Ma.r. 15, 195''

I Oct. 2( 1 1914

Hay 5, 1~32

:Oct. 9, 25 1 1940 ;Aug. 51 1947

! Apr. ZL, 1952

:June 2, 1932

194o Bcpt.(old) Aug. 13, 19"'>

1932 ).)(,c.

1933 Jon.

1955 Bcpt.

1931 Oct.

(5)

tee. 'i$, 1932

Aug. 9, 1955

Oct. 5, 1931

25 19 5/8

90

G5 3/4

J.6o

8.50

eo.o

14 l/8

10 3/8

1.3:>

1.3:>

.10

4.25 16.00

8.62

3.62

3.45

5.85

G.95

33.50

9·75

42 COMI~DITY FUTURES

Table 13.--Closing prices on principal markets, by future, semiiiK)nthly, July 1956 to June 1957

WUEA.'r, Chicago Board of' Trade (In cents per bushel)

1956 J\Uy 007 1/2 --- --- --- --- --- --- --- --- --- --- ---1956 September 210 1/2 216 1/2 219 7/8 221 226 --- --- --- --- --- --- ---1956 December 214 3/4 221 1/8 225 226 3/4 230 1/2 229 5/8 227 1/2 237 1/2 24o 243 3/4 24o 1/8 ---1957 March 216 3/8 223 5/8 228 231 3/8 233 1/2 234 1/4 232 3/4 242 1/2 243 1/4 243 3/8 239 1/2 241 1957 Hay 214 1/4 221 1/2 226 1/8 231 231 3/4 234 233 1/8 243 1/2 241 i/4 239 3/4 236 237 1957 J\Uy {old) --- --- 218 1/4 226 3/4 225 1/4 227 7/8 225 233 229 228 227 3/4 228 3/4 1957 J\Uy {new) --- --- --- --- --- --- --- --- --- ---1957 September (old) --- --- --- --- --- --- 227 235 230 3/4 229 7/8 229 5/8 230 3/4 1957 September (ne•) --- --- --- --- --- --- --- --- --- --- --- ---1957 December (old) --- --- --- --- --- --- --- --- --- --- --- 233 3/4 1957 December (new) --- --- --· --- --- --- --- --- --- --- --- ---1958 !-larch --- --- --- --- --- --- --- --- --- --- --- ---1958 May --- --- --- --- --- --- --- --- --- --- --- ---

WHEA!I', Minneapolis Grain EKchange (In cents per bushel) --------.---~------,----,---------- - . ----- ---- -- --------,------.---1956 J\1ly 1956 September 1956 December 1957 May 1957 J\Uy (old) 1957 J\Uy {new)· 1957 September {old) 1957 September (new) 1957 December

1956 J\Uy 1956 September 1956 December 1957 March 1957 May 1957 J\Uy {old) 1957 J\Uy (new) 1957 September (old) 1957 September (new) 1957 December (old) 1957 December (new) 1958 r.hrch 1958 May

1956 J\Uy 1956 September 1956 December 1957 !-larch 1957 May 1957 J\Uy 1957 September 1957' December 1958 r.hrch 1958 May

1956 J\Uy 1956 September 1956 December 1957 March 1957 May 1957 .;>Uy 1957 September 1957 !lecember 1958 r.hrch 1958 May

1956 J\Uy 1956 September 1956 December 1957 r.hrch 1957 May 1957 J\Uy 1957 September 1957 December 1958 r.hrch 1958 May

232 5/8b 224 3/4 223 1/8

207 5/8 211"1/2 214 1/2 215 i/2 212 1/2

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

151 5/8 148 1/2 136 3/4 14o 3/4

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

72 3/4 74 1/4 76 i/8 77 i/8

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

133 3/8 134 7/8 138 3/4 14o 5/8

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

228 5/8 228 5/8 228 5/8e.

---215 1/8 218 3/8 219 5/8 217 5/8 ---------

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

---149 1/4 139 143 1/4 145 3/4b

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

---74 76 5/8 77 1/4 77 1/4 ---

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

---139 5/8 143 3/8 145 3/4 146

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

228 3/8 230 1/2 231 3/8

229 5/8 233 3/4 236 7/8b 235n

229 3/8a 233 1/4 236 1/4b 234 l/2n

231 235 1/8 234 l/8a

230 234 232 1/Zb

234 1/2 239 3/4a 239 1/2

WHEAT, Kansas City Board of Trade (In cents per bushel)

--- --- --- --- --- ---218 1/8 = 5/8 222 7/8 --- --- ---221 5/8 224 5/8 226 3/8 226 3/8 225 5/8 236 223 1/2 228 1/8 228 7/8 229 1/2 229 1/8 24o 220 7/8 226 7/8 227 3/8 230 229 3/4 239 3/4

--- 221 1/2 221 3/4b 225 1/2 224 3/8 233 1/2 --- --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ---

CORN, Chicago Board of Trade {In cents per bushel)

--- --- --- --- --- ---151 3/4 147 1/4 149 1/4 --- --- ---142 3/4 138 i/2 137 1/2 138 133 1/2 139 5/8 147 1/2 143 i/4 142 142 3/4 138 3/'' 144 1/4 149 7/8 146 5/8 145 5/8 145 3/4 141 3/4 147 1/8 151 7/8 149 i/8 148 147 7/8 144 1/8 148 1/2

--- --- --- --- 143 1/8 146 1/2 --- --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ---

OATS, Chicago Board of Trade (In cents per bushel}

--- --- --- --- --- ---75 1/4 72 3/4 72 l/8b --- --- ---78 76 5/8 76 7/8 75 3/4 77 l/4a 80 1/2 78 1/'Zb 78 1/4 78 3/4 78 1/2 79 3/8 82 Tie. 78 1/2 79 78 1/4 78 3/4 81 5/8

--- 76 76 5/8 75 7/8 75 1/8 76 3/4 --- --- --- --- 76 77 --- --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ---

RYE, Chicago Board of Trade (In cents per bushel)

--- --- --- --- --- ---144 146 1/8 149 1/2 --- --- ---148 1/4 150 3/8 152 1/4 152 7/8 152 1/4 16o 3/4 152 154 i/8 156 5/8 156 156 164 7/8 152 154 156 7/8 156 156 1/2 165

--- --- --- 151 1/4 150 3/4 16o 1/2 --- --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ---

Abbreviations: "b 11 -·bid price; 118 11 - asked price; 11n 11 - nomiual price; "s" - settlement price.

234 7/8 238 235

------233 5/8 236 3/4 235 1/2 227 1/2

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

------

138 1/4 142 3/4 146 148 145 3/4

---------

------78 3/4 80 78 5/8 74 i/4 75 1/8b ---------

------154 158 157 3/4 153

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

234 1/2 234 l/4b 231 1/2

------229 5/8 232 3/4 232 224 1/2

---226b

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

------

137 141 7/8 144 i/2 1461/2 141 3/4

---------

------

79 1/4 80 77 1/2 73 1/8 73 1/4n

---------

------144 1/8 148 5/8 148 3/4 145 145b

---------

232 1/4 234 7/8 232 3/8n

------

229 7/8 231 1/2 230 1/8 225 1/8 ---226 3/4b

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

------

132 i/2 137 1/4 139 3/4 142 1/4 138 1/2

---------

------

77 1/2 77 1/2 75 1/8 69 7/8 70 i/Zb

---------

------143 1/4a 145 145 7/8 145 145 1j4e.

---------

233 1/2 232

---------

231 3/8 230 225 3/4

---227 1/4 ------

---------

---------

134 3/4 137 1/2 14o i/8 137 3/4 133 1/4 ------

---------iL14 70 l/8 70 7/Bn ---------

---------145 1/4 146 i/8 145 3/8 145 3/1• 147 l/4a ------

COMIDDITY FUTURES 43 Tobl.e 13.--CJ.osiDg prices on principal markets, by tuture, semimonthly, July 1956 to June 1957

Future JUDe 30

WIIEM', Cbicago Board of Trade (In cents per bushel)

1956 July --- --- --- --- --- --- --- --- --- --- --- ---1956 Beptember --- --- --- --- --- --- --- --- --- --- --- ---1956 December --- --- --- --- --- --- --- --- --- --- --- ---1957 March 242 l/8 235 1/2 233 5/8 229 l/2 2Zf l/2 --- --- --- --- --- --- ---1957 May 2381/4 232 i/8 231 3/4 230 l/4 226 1/8 224 l/4 222 1/4 2:2:) 1/2 216 --- --- ---1957 July ~ oldl 229 3/4 224 3/8 224 l/4 224 l/2 2:2:) 216 i/4 214 al9 3/8 'JY7 7/8 203 1/2 202 3/4 213

1957 July """ --- --- --- --- ltf~4 5/Bs al9 3/4 208 i/8 204 3/8 203 3/8 214 1/2

1957 September ~ oldl 23l l/2 226 226 l/4 226 l/4 222 218 l/4 216 i/4 2ll 3/4 210 l/4 206 1/4 205 3/4 216 l/4 1957 September new --- --- --- --- --- --- 1!1~6 5/8 2117/8 210 3/4 206 5/8 206 i/4 2l6 7/8 1957 December ~old) 234 3/8 229 1/8 229 3/4 229 1/2 225 1/4 22l 7/8 2:2:) 1/4 215 3/4 214 210 1/2 210 3/4 2:2:) 1/2 1957 December new) --- --- --- --- --- --- 1!;221 ~~ 2l6 214 1/2 2ll J/4 2ll 1/4 22l 5/8 1958 March --- --- --- --- --- --- 217 215 i/2 2ll 3/4 212 l/4 222 5/8 1958 May --- --- --- --- --- --- --- --- --- --- 206 1/4 218 3/4

IIIIEA!r, Mi!lllea.polis Grain Ex:cba.nge (In cents per bushel)

1956 July --- --- --- --- --- --- --- --- --- --- --- ---1956 September --- --- --- --- --- --- --- --- --- --- --- ---1956 December --- --- --- --- --- --- --- --- --- --- --- ---1957 May 233 1/2 2321/8 231 3/4a. 2311/8 228 3/8 228 3/4 2Zf 3/8 223 5/Bs 2:2:) 3/Bs --- --- ---1957 July ~old) 231 i/2b 229 5/Bb 229 l/Bs 229 i/4a. 2Z{a. 2Zf 3/4 226 7/Bs 22l 7/Bs 2l6 J/2b 215 5/Bs 2l6 7/Bs 226 1/4 1957 July new) --- --- --- '§228 l/4a. 228 3/8 2Zf 3/8 2225/Bs 217 i/2 216 1/Bs 217 l/8 226 3/4 1957 September (oldl --- 2Z{n 2Zf l/Bs 226 3/Bs 225 l/Bs 226 5/8n 224 3/4a. 22l.e 214 i/4n 214 i/2n 2151/2b 225 1957 September (new --- --- --- --- --- J/226a. 22l 5/Bs 2151/Bs 214 7/8 215 3/4a. 224 3/8 1957 December --- --- --- --- --- --- --- --- --- 216 3/4a. 217 5/Bs 226

W'HF.A!r 1 Kansas City Board of Trade {In cents per bushel)

1956 July --- --- --- --- --- --- --- --- --- --- --- ---1956 September --- --- --- --- --- --- --- --- --- --- --- ---1956 December --- --- --- --- --- --- --- --- --- --- --- ---1957 March 2311/2 229 3/4 229 3/4 228 3/4 2Zf 1/4 --- --- --- --- --- --- ---1957 l!ay 229 3/4 228 i/2 228 l/2 2Zf 3/8 226 i/2 225 223 7/8 216 214 1/8 --- --- ---1957 JllJ,y (old) 226 1/8 223 i/4 223 1/2 223 l/4 2:2:) 5/8 218 215 210 207 3/8 205 204 1/2 213 l/4 1957 July (new) --- --- --- --- !!/221 3/8 218 215 l/4 2ll 1/8 207 5/8 205 5/8 205 214 3/4 1957 September (old) 2Zf l/4n 224 1/2a. 225 l/4 225 l/8 222 3/4 219 l/2 218 i/2n 212 5/8 209 3/4a. 208n 206 l/2b 216 1957 September (new) --- --- !!/223 3/8 2:2:) l/8 218 i/8 213 5/8 210 3/4 208 7/8 208 217 1957 December ~oldl --- 226 1/2a. 228s 2Zf 1/Bs 226 i/2a. 222 i/2n 22l J/4n 215 1/4 213i/2n 2ll l/8n --- ---1957 December new --- --- --- 'i/223b 2:2:) 7/8 2l6 1/8 213 7/8 212 1/2 2ll 2:2:) l/2 1958 March --- --- --- --- --- --- --- 217 i/8 214 al9 5/8 210 l/2a. 2:2:) 3/4 1958 May --- --- --- --- --- --- --- --- --- 204 3/4 201 l/2a. 215 3/4

CORN, Chicago Board of Trade {In cents per bushel)

1956 Jul,y --- --- --- --- --- --- --- --- --- --- --- ---1956 September --- --- --- --- --- --- --- --- --- --- --- ---1956 December --- --- --- --- --- --- --- --- --- --- --- ---1957 March 136 1/8 132 l2B l/4 126 l/2 129 7/8 --- --- --- --- --- --- ---1957 !By 139 i/4 135 l/2 132 l/8 l3l 133 1311/4 129 3/4 l2B 129 --- --- ---1957 Jul,y 141 5/8 138 135 134 3/4 136 1/2 135 i/8 133 3/4 132 132 1/4 1301/4 1291/2 130 1/4 1957 September 139 3/4 137 l/8 135 3/8 135 3/4 136 i/4 136 134 3/8 133 l/4 133 i/4 131 3/4 1301/4 1321/4 1957 December 132 i/2 132 130 7/8 l3l 5/8 131 130 3/4 129 l25 3/4 125 1/2 125 3/4 124 1277/8 1958 March --- --- --- --- --- --- 132 l/4 129 l/8 1291/4 129 3/8 l2B 1/8 132 i/2 1958 IBy --- --- --- --- --- --- --- --- --- --- 130 7/8 135 i/4

OATS, Cbicago Board of Trade (In cents per bushel)

1956 Jul,y --- --- --- --- --- --- --- --- --- --- --- ---1956 September --- --- --- --- --- --- --- --- --- --- --- ---1956 December --- --- --- --- --- --- --- --- --- --- --- ---1957 March 19 1/2 78 75 l/2 74 3/4 73 l/4 --- --- --- --- --- --- ---1957 May 11 3/4 75 3/4b 73 3/4 73 11 72 71 3/4 67 3/4 69 7/8 --- --- ---1957 Jul,y 71 i/2a. 69 J/2a. 67 66 7/8 64 3/4 65 3/4 66 3/4 66 i/2 66 1/4 65 l/2 64 l/4 66 7/8 1957 September 117/8 1C 3/Bs 671/4 67 3/8 65a. 66e 67 67 i/2 67 i/2 66 3/4 65 67 3/4 1957 December --- --- 68 1/Bb 69b 67 l/2a. 68 5/8a. 68 5/8 69 3/4 69 1/2 69 3/4 68 11 1958 lmrch 1958 IBy --- --- --- --- --- --- --- --- 11 3/8 11 i/2n 1C 3/8 721/2

--- --- --- --- --- --- --- --- --- --- --- 72 5/8

• RYE Cbica.go Board of Trade (In cents per bushel) ' 1956 JllJ,y --- --- --- --- --- --- --- --- --- --- --- ---1956 September

1956 December --- --- --- --- --- --- --- --- --- --- --- ---1957 lmrch --- --- --- --- --- --- --- --- --- --- --- ---1957 IBy 148 3/4 142 l/8 134 134 3/8 132 5/8 --- --- --- --- --- --- ---1957 Jul,y 150 3/4 143 7/8 135 1/4 135 7/8 133 5/8 129 129 7/8 l20 1/2 116 --- --- ---1957 September 148 7/8 141 3/4 133 i/4 133 7/8 12') 7/8 125 3/4 125 3/8 117 i/2 117 l/4 ll3 3/4 118 3/8 124

1957 DeCember 148 3/4b 142 J/4 1311/4 134 130 1/4 126 3/4 125 i/4 119 i/2 l20 115 7/8 119 7/8 126 3/8 1958 March 149 3/4 144 3/4a. 135 l/8b 136l/4a. 134 i/4a. 130 3/4 129 3/8 123 3/4 124 l/2 l20 124 i/4 131i/4 1958 May --- --- --- --- --- --- --- --- --- 1221/4 121 3/8 134 3/8

--- --- --- --- --- --- --- --- --- --- 121 i/2 134 l/2

44

Future

1956 July 1956 September 1956 December 1957 March 1957 May 1957 July 1957 September

1956 July 1956 September 1956 November 1957 January 1957 March 1957 May 1957 July 1957 September 1957 November 1956 January 1958 March

1956 July 1956 October 1956 December 1957 March 19571~ 1957 July 1957 October 1957 December 1958 Mo.rch 1958 May 1958 July 1958 October 1958 December

1956 July 1956 October 1956 December 1957 March 1957 May 1957 July 1957 October 1957 December 1958 March 1958. May 1958 Jul¥ 1958 October 1958 December

1956 Jul¥ 1956 October 1956 December 1957 March 1957 May 1957 July 1957 October 1957 December 1958 March 1958 May 1958 July 1956 October

1956 July 1956 October 1956 December 1957 March 1957 May 1957 Jul¥ 1957 October 1957 December 1956 March 1956 May 1958 July 1956 October

Table 13--·Cl.osiDS prices on principal ~~~~~rkets, by tuture, Belld.molltb.l,, Jul¥ 1956 to J1me 1957--ecmt,__'

264 3/4 250 5/6 244 l/.6 247 i/6 250 3/lo.

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

34-58 32-32 32.46 32-57b 32.31b 31-70b 30-85b 30-67b ---------------

34.61 32.3lo.b 32.lo.7b 32-58 32-3ll> 3l-69b 30.88b 30-901> ---------------

13l-5b 134.2b 133-21> 132.21> l3lo5b 131-0b l30.0b

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

16l.lb 163-7 163.0b 162.0 161.2 160.31> 159·31> 158.31> ------------

---241 5/6 236 7/6 2lo.2 i/6 245 2lo.6 ---------------

---32.Jo.6 32:62 32.63 32.47 31.82b 31.02b 31-031> ---------------

---32.lo.7b 32.63 32.63 32.Jo.lo. 31-83 31.06b 3l.07b ---------------

FLAXSEED, Ml.meapolls Grain Bll:cllaDge (ID .,.,nta :per buabe1)

3291> 332 l/2b

319 l/2b 324b 326 l/2 329 l/2a 326 l/2

3301> 333l/2a

SOXIIEAIIB1 Chicaao Boari ot 1'ra4e (In cento :per buabel)

--- --- --- --- --- ---246 5/6 236 3/6 230 5/6 --- --- ---242 i/6 234 7/6 232 3/6 236 5/6 2371/4 249 3/6 2lo.6i/2 237 i/6 235 i/8 24o 3/6 21j.2 l/.6 25lo.i/lo. 249 i/4 24o 3/4 239 243 i/6 245 i/6 256 l/.8 251 l/2 243 i/4 242 2Jo.6 3/4 246 5/8 26o 5/8

--- --- --- 2h7l/2 249l/4 26o l/4 --- --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ---

COT'IOII, !lev York Cotton E<cllaDge (ID cents :per pound)

--- --- --- --- --- ---33.41 33-74 33-77 34.00 34-67 ---33-36 33.83 33.8o 34-17 34.00 33.85 33-3> 33-72b 33-72 34-30 34.17 34-09 32.64 33-55 33.66b 34-25 34.13 34.21. 32.2:7 32.86 33-36 33.63 33.64 33-90 31-65 32.l8b 32.1Qb 33-32 33-23> 33.28 31.65b 32-lllb 32-7lb 33-31 33.19b 33-28 --- --- 32.66b 33-lllb 33.17b 33.23> --- --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ---

CO'l'rotl, !lev Orleans Cotton E<cllaDge (Iil cents :per pound)

--- ---33.7;;· I 3Jo..o3b"

--- ---33.43 33-731> 34-50 ---33-39 33.831> 33-78 34.17 33-99 33.83b 33-20b 33-72 33-721> 34-30 34-15 34.08 32.67b 33-54 33.66 34-~ 34-l.llb 34-19 32-29 32-86 33-36 33- b 33.831> 33-64 31-65b 32.16 3l<.7l 33-30 33.241> 33-30 31-65b 32.l8b 32-721> 33-291> 33-23> 33.26 --- --- 32.67b 33.241> 33.20b 33.26b

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

------253 l/2 257 3/6 26o l/.2 261 3/.8 259 ------------

------34.36 34-25 34-32 34.21. 33-69 33-721> 33-66b 33-58b ---------

------34-36 34.231> 34.32 34.2ll> 33·70 33-72 33.67b 33-6lb ---------

WOOL, Wool Associates ot the !lev York Cotton E<cllaDge, Inc. (ID cents :per pound)

--- --- --- --- --- --- --- ---137 .l.b 135·5b 139-7 143.11b 142.6b 143-5b --- ---1)6.6b 135-5b 139-lo.b llo.Jo..5 142.21> 143-21> 151o5b 156.0 135-5b l34-7b l36.1o.b llo.Jo..Ob 142.0b 142.7b 150.21> l54.lb 1)4.8b 1)4.0b J37o0b llo.3.0b 141.21> 141.5 147-5b 151.21> l33-5b l33-5b l35·5b 142.1 139·5b l36-9b llo.Jo..Bb 147-5b l32.5b 132-5b 135-0b 14l.lb l36-5b 137-5b 143-5b llo.6.2b

--- l3l-5b 134-0b l40.lb l37·5b 137-0b 142.0b 145-0b --- --- --- --- --- --- --- 143.0b --- --- --- --- --- --- --- ------ --- --- --- --- --- --- ------ --- --- --- --- --- --- ---WOOL TOPS, Wool Asaociates ot the !lew York Cotton Bll:cllaDge1 Inc. (In cents :per pound)

--- --- --- --- --- --- --- ---l66.5b l66.0b l66.2b 173-lb 169.8b 169-21> --- ---l66.5b 166.0 169-1 174-5 l7l.Ob 171-5 179.8 l62.0b 16lo..9b 165.0b l66.6b l7lo..5b 17l-5b 171-0b 119-0 162.0 163-9b 16lo..Ob 167,31> 173-6b l7lo0b 169.6b 171-0b l8o.o 163.0b 163.0b l66.2b 173-0 169.31> 167·5b 175-0 178.0 162.0b 162.5b 165.2b 172-5 l66.5b 167.0b l74.lb l76-5b 16l.Ob 162.0b J.94,2b 17l-5b 167-5b l66-5b l72-5b 175-21>

--- --- --- --- --- 165.0b 17l.Ob 173-21> --- --- --- --- --- --- --- ------ --- --- --- --- --- --- ------ --- --- --- --- --- --- ---

---------262 7/6 266 5/8 268 5/8 266l/8 252

---------

------34-25 34~11 34.11 33-98 33·27 33-22 33-l7b 33.l4b ---------

------34-301> 34-09b 34-lDb 33-98 33-24b 33.20b 33-lllb 33.l4b ---------

------l66.lb l67.0b 163.0 160.0 l58.1o.b 157-21> 155.21> ---------

------l97.0b 195-lo.b J.92.8b 19().6 l86.5b 16'(,0b l86.4b ---------

Abbreviationa: ''li" - bid price; "a" - asked price; "n" ... nominal price; "a"·- settlement price.

335& ' 339

34la

---------249 3/6 252 5/8 25lo. 5/8 252 5/8 242l/2 ---------

---------33-92 33.81 33-52 32.92 32.88 32-64b 32.78b ---------

---------33·90 33.81 33-5lb 32-92 32-891> 32.87b 32.821> ---------

------160.4b 159.0 l5lo..6 150-lb l46.5b llo.6.5b llo.Jo.-51> ---------

------l91·5b l86.0b l64.9b l80.5b 176-51> l76.8b l74.8b ---------

I

-

-... ... 2lj.4 3/8 247 7/8 250 3/8 2h7 5/8 239 ue ...

... ...

... ... ... 34-19 34.16 33-951> 33-25 33-25• 33-15 33.09• ... ... ...

... ... ... 34.J.8b 34.2lb 33-94 33-26 3~-27 3 .191> 33-l2b ... ... ...

... ... ... l63.8b 158.2b 153·51> 151-51> 1Jo.9.0b 147-51> J)<6.0b ... ...

... ... ... 193-ll> lB9·0b 184.0b ].81.6b l79·5b 171·51> 175·5b ---...

l'utur•

1956 J\lly 1956 September 1956 December 1957 March 1957 Mey 1957 J\lly 1957 September

19% J\lly 1956 Beptomber 1956 November 1957 JllDUBI'l' 1957 March 1957 Mey 1957 J\lly 1957 September 1957 November 1958 JllDU8I')' 1958 ll!.rch

1956 July 1956 October 1956 Decomber 1957 March 1957 Mey 1957 July 1957 October 1957 December 1958 lmch 1958 Mey 1958 J\lly 1958 October 1958 December

1956 JUly 1956 October 1956 Decomber 1957 lmch 1957 Mey 1957 JU1y 1957 October 1957 llecomber 1958 Mt.rch 1958 Mey 1958 JU1y 1958 October 1958Decomber -1956 J'uJ.y 1956 October 1956Docomber 1957 lllrch 1957 ~ 1957 JU1y 1957 Ootobsr 1957Do-1958 Mt.rch 1958 ~ 1958 JU1y 1956 October

-1956 JU1y 1956 October 1956Do-1957 Mt.rch 1957 ~ 1957 JU1y 1957 October 1957Dt-1956 Mt.rob

=~ l956 October

Table 13.--Cl.oaillg prices on pr1nc1pel. markets, b,y tuture, semimontbly, Jul.¥ 1956 to June l.957--Cont1nued

338 3/4n 333n 3lw i/4s 336b

--- ------ ------ ---25l.l/4 ---254 l./2 248 l./8 257 3/8 248 7/8 255 i/4 245 3/8 242 1/8 236 7/8

--- 233 1/8 --- ------ ---

--- ------ ------ ---34.42 34.87 J4.44b 34.82 34.00 34.29 33.41 33.42 33.38 33·36 33.33b 33·33b 33.2& 33-251>

--- 32. 77b --- ------ ---

--- ------ ------ ---34.36!> 34.76b 34.451> 34.79 34.23b 34.29 33.44b 33.43b 33.41 33-36b 33.351> 33.33b 33.30b 33.251>

--- 32.80b --- ------ ---

PLAXSEED, M1zmeapol.1s Gra1n Eltc:lumge (In cents per l>uahel.)

300 l./2D. 300 l./2 325 324

327

3l.7a 3l.9a 3l.9a

3l.O 3l.2a

3l.O J./2b 3l.2 i/2a

3l.O 3l.4 3l.3 l./2b

SOYBEAliS, Cb1cago Board or Trade (In cents per bushel.)

--- --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ---241 l./2 211{) 7/8 242 5/8 --- --- ---242 3/8 241 3/8 242 3/4 243 241J./4 24o 3/4 24oi/8 239 J/8 239 i/2 238 236 3/4 237 1/4 2321/4 233 J/8 233 5/8 23l. 3/4 229 1/2 227 l./2 228 7/8 230 3/8 23l. i/4 229 i/4 226 i/2 224

--- --- --- 232 229 i/2 227 - --- --- --- --- ---COTIOII, lie1t York Cotton Ex:c:lumge (In cents per pound)

--- --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ---35.00 35.19 --- --- --- ---35.22 35.25 34.86 35.17 35.21 35.29 34.66 34.68 34.32 34.6o 34.66b 34.84 33.28 33·09 32.94 33.44 33.67b 33-64b 33.llb 32.96b 32.92 33.43 33.68 33.68 33.o6 32.951> 32-991> 33-50 33-7& 33·70b 33.01 32-9l.b 33.04b 33-45 33-77b 33.68 32.6l.b 32.50b 32.58 32.851> 33.o8 32.90b

--- --- --- --- 3l.-95 3l.-38b --- --- --- --- --- ---COTIOII, Rev Orleans Cotton Eltc:hanae (In cents per pound)

--- --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ---35.15 34.97b --- --- --- ---35.19 35.22b 34.851> 35·17b 35.00 35.28 34.62 34.66b 34.32b 34.65 34.6& 34.86 33·27b 33-o& 32-96 33.43b 33.67 33.63b 33.12 32.96b 32-93b 33.46 33.66 33-67 33.07b 32.94b 33.00b 33-49b 33.76b 33.6& 33.00b 32·90b 33.04b 33-50 33.751> 33.66b 32.62b 32.52b J2.6o J2.89b 33.051> 32-89b --- --- --- --- 3l..93b 3J..36b

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

3l.Ob 3l.2 3ll

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

236 l./2 234 1/4 227 3/8 223 3/4 226 3/4

---

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

35·12 33·90b 33.92b 33.96 33-90b 33.l.8 3]..66

---

---------------35.10 33-9l.b 33-92b 33.97 33·90b 33.1& 3l..65b

---WOOL, Wool. .Usociates or the !lev York Cotton l!!xc:lumge, Inc. (In cents per pound)

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

l.65.5b l.64.2b l.59-7b 155.0b 154.0b --- --- --- ---162.0 l6o.6 l.56.5b l.5l..5b l.5l..7 155.& l.62., l.66.0b l.62.1b l.57.5b l.57.0b l.54.5b l.49-9b l.~.o 154.7 l.6l.. 166.51> l6o.5b l.55.0b 155.9 l.53-7b 149.3 l. ·7b l.53.2b l6o.8 l.67 .o l6o.1 152.& l.53.9b l.5l..7b 148.0 146.51> 15l..7b 158.& l.65.6b 159·51> 150.51> 151-9b :J.50.3b 146.l.b 145.51> 149.7b 156.& l.63.4b 157-21> 149.0b 150.0b 148.3b 144.4b 143.51> 147·7b 155-0b 161.21> 155-51>

--- --- 146.3b 142.4b 141.51> 145.7b 153-0b 159.21> 154.0b --- --- --- --- --- --- --- --- ---

' ' WOOL 'l'OPB Wool. .Uooc1ateo ot the Rev York Cotton P.:l:c:lumge Inc (In c:ento per pound)

--- --- --- --- --- --- --- --- ------ --- --- --- --- --- --- --- ------ --- --- --- --- --- --- --- ---194.7b 194.8 l,92.0b J90,0b 193·2 --- --- --- ---191.51> J90.5b lB8.0b lSII.Ob l.85.5b l90·3b J.94.6b lllO.Ob 195.& l.87-5 l.87 ·5b 186.0b l.82.0b l.82.5 l.87 .o 192.6 197·3b 191.6b l.85.3b 186.6b lllll.51> l.81.51> l.Bl.o 186.0 192.2 197 .l.b J.91.6b l.83.6b W,.3b l.83.51> 18o.l.b 179·4 l.83.51> J90.l.b ].96.51> l.90.6b l.82.0b l83.9b 182.0b 178.6b 177.5 l.Bl.o 188.9 J.94.3b 188.& lSO,Ob l.82. 7b lBO.Ob 176.6b 176.l.b 1'f9.0b 186.9b J92.3b 186.&

--- --- 178.0b 17lo.6b 17lo.l.b l.TI.Ob l.85·7 l.90.3b 184.& --- --- --- -- --- --- --- --- ---

306 307 J./2b

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

234 3/4 227 1/2 22'., i/2 225 i/2 2283/Ba

---------------35.00 34.28 34.24b 34.29 34.26 33-70b 3]..81

---

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

35.17b 34.27b 34.25 34-29b 34.26b 33-7l.b 3]..83

---

---------------157 .l.b 157.6 156.l.b 153·7 15l..4b 149.4b

---

---------------190-51> 189.51> l.87 ·9b 186.ob l.83.6b l.Bl.Ob

---

302b 305a

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

23l. 1/2 225 221 224 l./4 227 l./4

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

35·33 34.68 34.66 34.8o 34·79 34-37 33.14 33.l.l.b

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

35-30b 34.651> 34.64b 34.80b 34.79b 34-37b 33.14 33.llb

---------------l.62.0b l.62.0b l.6o.7 158.0 155-7b 154.21>

---

---------------194.& l.93.l.b 190.& l88.7b 186.8b 184.3b 185.&

306a 308

45

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

237 l./4 234 229 232 3/4 235 3/4

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

3>·50 35-26 35.00 35.23 35.26 34-93 34-13 34-151>

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

35.1o8b 35.28 35-19b 35-29 35-2& 34-98 34.l.Ob 34.l.Ob

---------------l.58.5b J.58.1 156.6 153.6 l.51.6b l.49-7b 148.21>

---------------l.91.2b 190.1 187.& l.85.l.b l.83.6b l.8L6b l.83.6b

46

Puture

1956 September 1956 October 1956-1956 December 1957 JSIIIlAl'Y 1957 September 1957 October 1957 llovember 1957 December 1958 JSIIIlAl'Y

1956-r 1956 December 1957 JIUJU8J:"Y 1957 February 1957 March 1957 April 1957 llsy 195711ovember 1958 JIUJU8J:"Y 1958 March 1958 fli>ril

1956 llovember 1 oldl 195611ovember""" 1957 J8ZJUArY 1957 February 1957 March 1957Navember 1958 JSIIIlAl'Y 1958 February

1956 July 1956 September 1956 October 1956 December 1957 J8ZJUArY 1957 March 1957 llsy 1957 July 1957 September 1957 October 1957 December 1958 March 1958 llsy 1958 July

1956 July 1956 September 1956 October 1956 December 1957 J8ll!lll.r,Y 1957 March 1957 llsy 1957 July 1957 September 1957 October 1957 December 1958 JSIIIlAl'Y 1958 ll!t.rch

1956 JuJ.y 1956 September 1956 October 1956-1956 Do-r 1957 J8ll!lll.r,Y 1957 ll!t.rch 1957 llsy 1957 July 1957 September 1957 October 1957 November 1957 December

Table 13··-Cloal.Jig prtoes on principo.l ma:rketa, by tuture, a.iJiontlll,y, JuJ.y 1956 to J\me 1957--Contiuued

1!008, "Rerrigerator Contract," Chicaso *>"cautile B<chlulp (In cents per c!Dzen)

39.6o 37-4o 30-90 33-lD 36.00 39.eo 37-50 31.6o 33.eo 36.15 33.4o 32-3> 39-85 37-4o 32.05 34-35 36.45 33-90 32-95 31-75 29-05 39-70 37 .45a 32.85 34-75 36.4o 33·90 33-35 32-70 29-90 29-50 38-90 36.6ob 32.eo 34-30 35-35b 33-lD 33-25 32.6o 30;30 30.00

39-15 39.05 39-35 39.3> 39·50 39.4ob

I'O'Ml'Ol!B, "Maine orovn," Rev York *>"cautile B<cbange (In c!Dllera per hunllred pounds)

2.92 2.68 2.22 • 2.22 2.30 2.1.6 1.90 2.04 2.21 ---2o95b 2.70b 2.261> 2.3>b 2.30b 2.3>b 1.9Qb 2.lDb 2.3>b 2.30 3o07b 2.83 2.36b 2.33b 2.42b 2-29b 2.01 2.3>b 2.38 2.43 3-05b 2.Bob 2.421> 2.261> 2.421> 2.25b 2.00b 2.15b --- '2.53 3-22 2-95 2.48 2.41 2.5() 2.35 2.12 2.34 2.52 2.61 3-25b 2.9& 2.52 2.43b' 2.5()b 2.37 2.13b 2.~b 2.56 2.69 3-a>b --- 2.5()b 2o35b 2.5()b 2.4o 2.121> 2. 2-59 2.721>

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

OIIIOliS, "lellov GlDbe Type Contract," Chicaso Morcant1le B<cbange (In c!Dllers per 50-pound sack)

1-90• 2.13 2.4o 2.5Ba

15.14 15-34 15.04b 14.83b 14.6Bb 14.71b 14.721> 14.6ob 14.5()b

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

12.44 12-39 11.8& 11.6o 11.56 11.59 11-53b

lD-90& 11.22 11.37& 11.45& 12.6o

1.87s 1.83 2.07 2.17

---14.68 14.64b 14.58 14.5()b 14.57 14.51b 14.55 14.4ob

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

11.96 11.71b 11.55 11.56b 11.5Bb 11.5Bb

1-37• 1.o6s 1.o6. 1.o6s .83• .eo 1.24 1.02 -98 ·90 .87 .eo 1.42 1.21 1.12 1.03 1.01 .96 l.54b 1.30 1.3) 1.13 1.11 1.05

l --- 1.31 1.21 1.23 1.1.6

COO'l'OIIBEED OIL, New York Produce B<cbange (In cents per potmd)

--- --- --- --- --- ---14.79 13-90b 13-90 --- --- ---14.~ 14.11b 14.021> 14.48b 15-53 ---14. 14.221> 14.27b 14.72 15.75 15-75b 14.6ob 14.lDb 14.25b 14.65b 15.621> 15.65b 14.65b 14.3Jl> 14.6o 15-09 15.84 15-98 14.61b 14.34b 14.65b 15.2lb 15.92 16.08 14.57b 14.2! 14.65 15.14 15-91 1.6.08 14.36b 14.3> 14.5()b 14.97 15-75b 15-94b --- --- 14.25b 14.Bob 15.66b 15.8Bb

--- --- --- 14.6ob l5.65b 15-75b --- --- --- --- --- ------ --- --- --- --- ------ --- --- --- --- ---L_

-~

SOYBJWI OIL, Chicaso Board ot Trade (In cento per potmd)

12.07 11.86b 11.62 11.64b 11.74 11-71b

12.37 12-55& 12.52 13.80& 13.65b

11.08 11.05b 11.13 11.1Bb 11-55 12.35b 11.14 11.:26 11.54 12.36 12.80 11.13 11o33b 11.56b 12.3>b 12.76b 11.13 11.47 11.66b 12.3>b 12o70 11.lDb 11.45b 11.74 12.2lb 12.70 11.08b 11.48 11.65b 12.09 12.64

11.96b 12.321>

LARD, Chicaso Board o~ Trade (In oento per pound)

lD-75b lDo95b 11.12& 12.50 12-45 12.65b

11.00 11.22 11.37& 12-75 12.6o 12.87

11.4o 11.52 13.12 13.00 13.17

12.20& 12.3) 13.70 13. 'Z7• 13.8oa 13·97

---------15-96 15-94b 1.6.22 16-35 1.6.36 16.19 l6.lDb 16.00b

---------

13.4o 13-30 13olD '12.98 12.78b 12o53b

13.4o 13·97 14.lD 14.4o 14.6o

1.31 1.46 1.62

---------J..6.53b J..6.6Bb 1.6.84 16.94 1.6.92 16.3& 16.15b 15.8Bb ---------

14.5() 14.32 13-96 13.66 13.45 12.90

Abbreviations: '~" - bid price; "a" - asked price; "n" .. nomiDBl price; "s" .. settlement price.

30-30 30-30 38-50 38-70

---2.:26b 2-30 2o35b 2.50 2-55 2.6ob

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

---------1.6.05 l6.05b 1.6.3> 16.:26 16.23 l6.02b 15.83 15-50 ---------

14.02 13-72 13-29 13.04 12-75 12-lJ.b

Dec. 3l

29-~ 38.'70 38.1):)

... ... 2./w

... 2;61 2.68 2-75b 2.4llb

-911 1.10 1.20 1.57

...

... ...

...

...

...

... 16.09 16.19 16.23 16.31 16.07 15.i))b 15.621> ... ...

... -

... 13-76 l3.o8 12.67 l2.6o l2.15b

COMI[)DlTl rtn'URES 47 Table 13.-.CloaiDg prices on principal markets, by f'uture, aemimDntbl;y, July 1956 to June 1957--ContiDUed

Fu.ture June 30

I!XlGS, "Refrigerator Contraet,"" Ch1eaeP Mercantile Exchange (In cents per ®zen)

1956 September 1956 October 1956 Rovember 1956 December

29·50 1957 JOIIUSl'l" 35.60 36.110 33.80 33.110 31-110 1957 september 38-50 39-10 38.110 a7.60 37.00 36.00 33·50

1957 October 38-70 39·30 38-55 37.80 37.10 36.l!O 35·95 36.80 )4.110. )4.110 )4.30 32-l!O 1957 llo'teml>er 36.65 37.60 35.10 35-10 35-15 33.10 1957 December 35·70 35-70 35.85 )4.00

1958JOIIU8l'l" 35.65& 33-75

l'OTA'l'OES, 11Ma.ine Grown, 11 Nev York Mercent1le Ex.cb.a:Qge (In 4ol.l.aro per buDdred pounds)

1956 llo'teml>er 1956 December

2.57 1957JOIIU8l'l" 1957 February 2.5lb 2.36b 2.30b 1957 March 2-52 2.32 2.26 2.31 2.27 1957 April 2.54 2.29 2.l!O 2.28 2.J.8 1.97 2.J.8 1957 May 2.58 2.27 2.J.8 2.26 2.J.8 2.o6 2.07 1.94 2.24 1957 Rovember 2.40b 2.34b 2.32b 2.40b 2.33b 2-35b 2.32b 2.34 2.38b 2.3lb 2.27b 2.16b 1958Januar;y 2.45b 2.51b 2.41b 2.45b 2.42b 2.41b 2.53b 2.46b 2.110b 2.32b 1958 March 2.60 2.63b 2.68b 2.6ob 2.55b 2.46b 1958 April 2.7lb 2.64b 2.5& 2.5lb

ONIONS, "Yellow Globe T;ype Contract," Chi""'!P Mercantile Exc:~uu:rae (In dol.l.ara per 50-pound sack)

1956 November ~ oldl 1956 Rovember nev 1957 Januar;y 1.16 1957 February 1.13 1.54 l.J.Bs 1957 March 1.23 1.70 1.16 1.12 1.05 1957 November l.64s l.65s 1.55 l-59 1.51 1.54 1-57 l.:;Ga l-53 1.54 1.43 1.38 1958 Januar;y l-79• 1.70 1.73 1.76 1.72 1.67 1.70 1.56 1.50 1958 February 1.78 1.68 1.60

COTl'ORSEED OIL, Nev York Produce Exchange (In cents per pound)

1956 July 1956 September 1956 October 1956 December 1957 Jonue.ry l6.85b 1957 March 17.00 16.73b 1.6.22 l5.85b 15.5& 1957 May 17.02 1.6.70 16.28 16.14 15.87 15.24 15-54 15.12 14.97 1957 July 17.00 16.60 1.6.24 16.12 15.93 15.33 15-50 15.18 14.84 15.24 15.28 15.63 1957 September 16.75b 16.110 15-93b 15.88 15.78 15.14 l5.l6b l.4.84 l.4.6l. 15.23 15.32 15-79 1957 October 16.l6b l5-94b 15-69b 15.65 15.56 15.07 15.02 l.4.73b 14.)1b 14.92 l.4.94 15.62 1957 December l5.95b l5.85b 15.57 l5.49b 15.48 15.02 l4.91b l4.65b 14.3lb 14.78 14.90 15.52 1958 March l5.80b l5.50b l5.44b l5.44b 14.99b 14.85b l4.60b 14.34 14.75 l4.85b 15.43 1958 May l5.45b 14.91b l4.80b l4.60b l4.35b 14.65b l4.8lb l5-36b 1958 July l4.55b 14.75b l5-30b

SOlmEAN OIL, Chicago Board or Trade (In cents per pound)

1956 July 1956 September 1956 October 1956 December 1957 January l.4.27 1957 Morch 13.87 13.70 l.3.48 13.l!O 12.99 1957 May 13.64 l3.l.8 12.88 12.90 l.2.56 12.19 l2.24b 11.70 11.110 1957 July l.3.43 12.70 12-57 12.56 12.30 11.88 11.98 11.70 11.36 11.66b 11.54 11.76 1957 September 12.88 12.23b 12.0l. 12.0l.b 12.01b 11.49 11.49b 11-33b 11.00 11.32 11.26 11.72 1957 October 12.45b 12.03 11.72b 11.75b 11.92 11.38 11-33b 11.14 10.87 11.05 11.05 11.64 1957 December 11.58 11.5& 11.77 11.28 11.23 10.95b 10.80 10.95 10.9& 11-57 1958 JIUlua.ry 11.16 10.84b 10.74b 10.86b 10.9& 11o53b 1958 Morch --- 10.84b 10.99 11-53b ------- ------ '---

- LARD, Chicago Board of Trade (In cents per pound)

1956 July 1956 September 1956 October 1956 November 1956 December 1957 January l5-52b 1957 Morcb 15.82& 15.65 l.5.02b 14.45 14.35 1957 May 1957 July l5.95a l5.62b l5.l.2b 14.62 14.62 14.32 l.4.62 l.3-l5a 12.22 1957 September l.5o90 15-50& l.5.l5 14.62 14.77 14.47 l.4.1Qb 13.57 12.62 12.90& l2.52b l.3.02 1957 October 15.85n 15.42 14.97• 14.55& 14.67• l4.42b l.4.55 l3.45b 12.85 l.3.12 12.87& l.3.47a ~957 l!ovomber l5.35n 14.75b 14.35• l.4.45 l4.lOa 14.15 13.15& 12.60b l.2.77 12.55 13.60 957 December 12.15& 12.15 l2.02b l.3.l5a - 12.91b l2.1l2 l.3.60b

48 COl~~DITY FU'l'URES

Table 13.--Clooing priceo on principal markets, by future, semimonthly, July 1956 to June 1957- .. Continued

Future

COT'ro!ISEED l.JEAL, 11 Solvent Proceas 1 " Memphis Boord of Tro.de Clearine Association (In dollars per ton) ---'----

1956 July 1956 September 1956 October 1956 December 1957 Jarruory 1957 March 1957 !-lay 1957 JuJ.y 1957 September 1957 October 1957 December 1958 January 1958 'Iorch 1958 May

52.50b 49-25b 49.25b 49.25b 49.25b 49.25b 49-25b

49.00b 49-00b 47.00b 48.90b 49.25b 47 .jOb 48.90b 49.50b 47 .jOb 48.90b 49-50b 47 -25b 48.9Qb 49.25b 48.00b 48.90b 49.25b 48.70b

49.25b 49.5Qb

44.00b 45.00b 48.00b 46.00b 45-00b 48.25b 47.25 50-25 45.25b 48.5Qb 46.5Qb 49-00b 46.25b 49.00 46.00b 48.6ob 46.25b 48.5Qb 46.00b 48.5Qb 46.5Qb 49.25b 46.25b 48.50

46.00b 46.5Qb

BO'lllEAN MEAL, Chicago BoBrd of Trade (In dollBrs per ton)

1956 JuJ.y 1956 AugufJt 1956 September 1956 October 1956 December 1957 January 1957 l-Brch 1957 Me.y 1957 J•lly 1957 August 1957 rJeptember 1957 October 1957 December 1958 January 1958 March

54.55b 54.30 51.4o 49-50 49-40b 49.4ob 50-25b 50-50b

51-4o 50-25 48.20b 48.10 48.10b 49.00b 49-50b

54.6ob 51.00b 47 .jOb 45.10b 48.75b 47.00 45.25b 47.00 44.65b 48.55b 47.05 45.50 46.4o 44.30 48.85b 47-70 46.20b 46.9Qb 44.75 50-lOb 48.5Qb 47.25 47.4o 45.4o 5LOOb 49.4o 48.00 48.10 46.35

49.8o 48.50 48.3Qb 46.60b

Abbreviations: "b" - bid price; "a" - asked price; ''n" - nom:1.nal price; "s" .. settlement price.

47-50 47-50 48.20 49-10 49-50

!f Trading in "new" contracts began April 15, 1957, in the 1957 JuJ.y, September, ond December tutures. gj Trading in the "new" contract began March 15, 1957, in the 1957 Jl1ly tuture. J! Trading in the "new" contract began April 2, 1957, in the 1957 September tuture. Y Trading in "new" contracts began !Brch 15, 1957, in the 1957 JuJ.y ond September tutures. 2/ Trading in the "nev" contract began l.farch lB 1 1957, in the 1957 December future.

52.00 53-00 jO.OOb 50-35b 48.5Qb 49.20b 48.5Qb 49-00b 48.5Qb 49.00b· 48.50 48.5Qb 47.00b ·47-50b

,----

46.25b 47-35 46.35b 47.25b 47.00 47.6ob 47.8o 48.5Qb 47-90 48.6o 47.8ob 48.5Qb

5L90b 48.5Qb 52.25 47 ·75b 50.00 47 .jOb 118, 75b 47 .jOb 49.00b 48.00b 49.j0b 47.25b 48.j0

46.50 45-75b 45.25 45-90 45-50 46.85 46.25b 46.9Qb 46.4o 47 .05b 46.2jb 46.05 45.25b

NOTE: For dates on which closing ranges were reported, prices shown are averages. When the titteenth or end ot a month tell on 8unday or excha.nge holiday, the prices shown are for first preceding day on 'Which there 'Was trading.

CO!oM>DITY F'U'liJRES 49 Tllble 13.--Closing prices on principal lllllrketo, by f'uture, semimonthly, July 1956 to JUne 1957--Continued

COT'l'OIIBEED MEAL, "Solvent Process," Memphis Board of Trade Clearing Assoc1a.t1on (In dollo.ra per ton)

LY56 July 1956 Beptembor 1956 October 1956 Docember

53.00b 1957JOll\lD.I"Y 19571~ch 50·75b 51.00b 50.6ob 50.00b 49.5Qb 1957/~y 51.00 50.5Qb 50·75 50.25b 50·25b 50.00b 49.5Qb 49.25b 47.00b 1957 July 50·25b 50·50b 51.00b 50.75b 50·25b 50.5Qb 49.50b 49·50b 47 .25b 4<l.OOb 4<l.6ob 47. 75b 1?57 September 49.25b 49.SOb 49.25b 4!).00b 4!}.00b 49.00b 4<l.25b 4<l.SOb 47 .25b 4<3.00b 1,8.6ob 4-3.75b 1957 October 4<l.OOb 49.50b 4<l.5Qb 4!).00b 49.00b 49.00b 4<l.25b 4<l.25b 47 .sob 47 .9Qb 41J.35b 4<l.5Qb 195'( December 47.75b 49.5Qb l!8.5Qb 4!).00b 4!).00b 49.05b l!8.25b l!8.25b 47 .sob 47 ·901> l!8.35b 4<l.SOb 1958JO!IIll3XY l!8.5Qb 4!).00b 49.00b 49.00b 4<l.5Qb 4<l.25b 47 .5Qb 4<l.OOb 48.35b 4<l.SOb 1958 l~ch 48.25b 48.25b 47 .5Qb 48.00'0 4<l.35b l!8.5Qb 19581~ 48.35b 49.00

BOlBEAII MEAL, Chicago Boll.rd of Trade (In dollars per ton)

1956 July --- I 1956 August ---1956 September 1956 October --- I

1?56 December 1957J=Y 49.70 1957 l~ch 47.95 47.70 46.6o 45.85 46.6o 1957 May 48.10 47.50 46.40b 46.30 46.95 46.8ob 45.10b 45.15 45.4o 1957 July 118.25 47.4o 46.40b 46.35 47 .05b 47.10 45.65b 46.alb 45.6ob 46.00 44.10 43.il0 1957 August l!8.35 47.115 46.25 46.40b 47.15b 47.15 45.75b 46.35 45.il0 46.25b 44.so 44.so 1957 BeptO!llber 46.95b 46.35b 45.15b 45.70 46.alb 46.10 45.25b 45.25b 44.75b 45.85b 43.95 43.90 1957 October 46.so 45.65b 44.9() 45.15b 45.5Qb 45.65b 44.8ob 44.6ob 44.05 44.15b 43.00b 43.SOb 1957 !Xlcernber 115.65b 44.9() 45.15 45.SOb 45.6ob 44.85 44.6ob 44.10 44.3Qb 43.alb 43.9() 1958 Jemw.ry 44.40b 44.4ob 43.50b 44.25 19.50 flarcb 43.6ob 44.40b

50 COMM:lDITY FUTURES

Table 14.--llighest and low-est priceo or futures on principal markets, by date and future, during the year July 1956 - June 1957

-If1ghest Futures Price Lowest Futureo Price

CommodJ.ty Market Unit Future Dete Price Future Dete Prlco

·./beat Chicago Board of Trade Cents per bushel 1956 Dec. Nov. 26, 1956 246 3/4 1957 July Juno l2, 1957 ~old) 000 7/IJ Minneapollo Grain Exchange do. 1957 May Oct. 31, 1956 240 l/8b 19 7 Sept. Juno 5, 1957 2123/4 (old) K.o.nsao City Boord of 'l'rade do. 1957 May Oct. 31, 1956 240 3/4 1958 May June 13, 1957 3>11/2

Corn Chicago Board ot Trade Cents per bushel 1956 Sept. Sept. 19' 1956 155 1/2 1957 Dec. June lD, 1957 12llf4

Oats Chicago Board of Trade Cents per bushel 1957 Mar. Oct. 31, 1956 82 1/8 1957 JUly JWJe 7, 19~7 62

Rye Chicago Boord of Trede Cents per buohel 1957 lolay Oct. 31, 1956 l66 1/4 1957 JUly lole.y 27, 1957 1JD J/4

FlAxseed Minneapolis Grain EKchange Centa per bushel 1957 May Nov. 15, 28 and 29, 1956 350 1957 JUly June 17 & 18, 1957 301

Soybeans Chicago Board of Trade Cents pe11 bushel. 1956 J\!ly July 6, 1956 281 l/4 1957 Nov. June 12, 1957 23) 1/4

Cotton New York Cotton Exchange Cents per pound 1957 J\!ly June 28, 1957 35.51 !1957 Oct. 1957 Dec.

July 26, 1956 3().25

New Orleans Cotton Exchange do· 1957 July June 25-28, 1957 35.50 1957 Dec. July 26' 1956 :JO,Ji

Wool Wool Associates of the New York Cotton Exchange 1 Inc. Cents per pound 1956 Dec. Nov. 29, 1956 172.2 1957 Oct. July 3, 1956 JZ,.o

'rlool 'I·opa Woo.l Associates ot the New York. Cotton EKcbange, Inc. Cents per pound 1957 May May 23, 1957 203.5 1957 Oct. July 3, 1956 lj6.J

Eggs Chicago l~rctmtil.e EKchange f1956 Oct. Refrigerator Contract Cents per dozen 1956 Nov. July 18' 1956 41.30 1956 Dec. Dec. 19 & 20, 1956 r!il.fl)

Potatoe& New York l~rce.ntile Ex:cho.nge Dollar& per Maine Grown hundred pounds 1957 1m-. July 9, 1956 3.61 1~56 Nov. Oct. ll, 1956 1.81

Onions Chicago Mercantile Exchange Dollars per, 1956 Nov. Yello'w Gl.obe Type Contro.ct 50-pound saclt 1957 Feb, July l2, 1956 2.6o (nev) Oct. ll, 1956 .76

Cottonseed Oi.l New York Produce Ex:change Cents per pound 1957 lo!e.y Jan. 17, 1957 17.28 1956 Sept. Aug. 29, 1956 13.00

Boybean Oil New York Produce ExchsJ:lge Centa per pound 1956 Dec. Dec, 12, 1956 14.70 1958 Mar. May 6, 1957 10.&l (old)

Chicago Boord of Trade do. 1957 Jon. Jon. 22, 1957 14.82 1958 Jrm. lo!e.y 16, 1957 10.67

Lard Chicago Board of Trade Cents per pound 1957 May Jon, 17, 1957 16.30 1956 July JUly 3, 1956 10.17

Tallo" New York Produce EKcbange Cents per pound 11957 Jon. !Jon. 8, 19~ 8.45 !1956 Sept. !!:· 6, 1956 6.&l 1957 July June 20 & , 1957 1956 Oct. • 1, 1956

Bran Kan.se.e City Board of Trade Dollars per ton 1957 Apr. Jon. 15, 1957 44.75 !1957 Aug. 1957 Sept.

June 21, 1957 J2.00

Shorts Kanaas City Board of Trade Dollars per ton 1957 Mar. Jan. 7, 1957 44.50 1957 May May 17, 1957 JJ.OO

Jo1iddlings Kanaas City Board of Trade Dollars per ton 1957 Mar. Dec. 18, 1956 41.75 1957 July June 25, 1957 31J.Jl

Cottoneeed Meal lleJJwhis Board of Trade CJ.ear1ng Association

,July 20' 1956 56.75 1956 Sept- Sept. 20, 1956 44.so So.lvent Dollars per ton 1956 July

SOyberm loleaJ. lolemphis Board of Trade Clearing Association

58.75 June 19, 1957 42.75 Unrestricted Contract Dollars per ton 1956 July July 2, 195o 1957 Oct.

Chicago Board of Trade do. !1956 July July 2, 1956 58·90 1957 Oct. June 19, 1957 42.55 1956 Aug.

--

51

Table 15.--Contracta settled by delivery on each contract market, years beginning July, 1947-48 to 1956-57

Year beginn1ne July Colmood1 ty ond lllllrket Unit

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

WHEAT y Thouoa.od (..'hicago Board of Trade bushelo 6,463 lD,533 12,901 26,023 14,907 25,079 26,794 12,488 7,8oo 12,273 Cb1C<l60 Open Board of Trade do. --- 8 --- 4 --- --- --- --- --- ---Minneapolis Grain Exchange do. 617 1,527 2,762 3,295 ll,88l 3,467 750 1,318 1,627 3,151 KiJDD'"' C1 ty Board of Trade do. 8,242 4,374 2,1159 8,684 7,790 ll,05l 3,815 3,1D4 6,581 6,062 Milwaukee Gra1.n Exchange do. --- --- --- --- --- --- --- --- --- ---Seattle Grain Excho.nge do. --- --- --- lD --- --- 5 --- --- ---

Total. do. 15,322 16,442 18,122 38,016 34,578 39,597 31,364 16,91D l6,oo8 21,486

CORN Thousand Chicago Boord of Trade bushel a 6,370 ll,98l 6,507 21,238 12,2l0 29,684 9,369 19,692 32,270 34,6o3 Chicago Open Board of Trade do. --- --- --- --- --- 5 --- --- --- ---H!nneapo11s Grain Exchnnee do. --- --- 15 --- --- --- --- --- --- ---KanaaB Cl ty Board of Trade do. 252 112 25 --- 5 253 5 6o 40 6o Ml.lvaukee Grain Exchange do. --- --- --- --- --- --- --- --- --- ---

Total. do. 6,622 12,093 6,547 21,238 12,2:>5 29,942 9,374 19,752 32,31D 34,663

OATS Thousand Chicago Bosrll, of Trade bushel a 4,612 7,689 3,181 12,72:> 37,236 40,550 lD,lD4 6,037 17,138 14,374 Chicago Open Board ot Trade do. --- --- --- 2 4 12 --- 2 8 lD M1tmee.pol1s Grain Exchnnge do. 581 1,846 3,328 3,338 1,295 7,529 2,932 2,290 764 2,297 Milwnuk.ee Grain Exchange do. --- --- --- --- --- --- --- --- --- ---

Total. do. 5,193 9,535 6,509 16,o6o 38,535 48,091 13,036 8,329 17,91D 16,681

RYE Thousand Chico.e;o Board of Trade bushels --- 3,062 19,512 17,649 6,869 9,452 13,376 ll,o6o 5,312 6,475 Chicago Open Board or Trade do. --- 1 2 2 --- --- --- --- --- ---Minneapolis Grain Exchange do. 639 1,541 1,235 332 995 444 172 176 856 1,229 Milwaukee Grain Ex:cbenge do. --- lD --- --- --- --- --- --- --- ---

Total. do. 639 4,614 a:>, 749 17,983 7,864 9,896 13,548 ll,236 6,168 7,704

BARLEY Thau88Dd Chicago Board of Trade bushels lD --- --- --- --- --- --- --- --- ---MiDDeapolio Grain Exchange do. --- --- --- --- --- --- --- --- --- ---

Total. do. lD --- --- --- --- --- --- --- --- ---FLAXSEED Thousand

Minneapoli o Grain Exchange bushels --- --- --- 495 2,349 3,988 1,673 629 873 1,033

SOYBEANS Thousand Chicago Boord ot Trade bushelo 440 2,956 16,442 17,266 8,848 7,903 21,648 16,454 35,335 40,632 Chicago Open Board of Trade do. --- --- 1 --- --- --- --- --- 40 ---l.tirmea.polio Grain Ex:change do. --- --- --- lD Memphis Board of Trade

--- --- --- --- 1,457 25

Clearing Aoooc!o.tion do. --- --- --- ---- --- --- 90 2:>5 5 ---Konso.o City Boord ot Trade do. --- --- --- --- --- --- --- --- --- 150

Total. do. 440 2,956 16,443 17,276 8,848 7.903 21,738 16,659 36,837 40,8o7

GRAIN BORGHl/MS Mllllon Kllneao C! ty Board of Trade poWlds 12 --- --- 78 507 lDl 7 13 3 2 Chicago Boord ot Trade do. --- --- --- --- 196 53 '2 1 5 12

Total. do. 12 --- --- 78 703 154 9 14 8 14

RICE y Thousand New York Mercantile EKcho.nge poundJJ --- --- 1,440 l,l<D 32:> --- --- --- --- --------- --- -··· ---~ - ·-· -- -- ----- -------- ·--·

COTTON Thousand New York Cotton Exchange bales 165.7 96-3 143.1 lD7.0 ~30.8 325.8 335-5 238.4 90-5 18.5 Hew Orleo.no Cotton EKc.hange do. 71.2 55-3 72.3 18.1 31·3 31·5 4~.~ 86.9 8.1 4.4 Chiclll!o Board of Trade do. 1.8 --- .l .l --- --- --- 3·3 --- ---

Total. do. 238.7 ~51.6 215.5 125.2 162.1 357.3 385.0 328.6 98.6 22.9

WOOL Wool Aaeocintes of the New Thou sam

York Cotton Excho.nge, Inc. pounds • 1,044 846 ~.050 852 3,492 3,564 1,746 y 1,oro 1,578 1,470

WOOL TOPB Wool Aseocintee of tho New Thousand

York Cotton EKchange, Inc. pounds ~.46o 1,895 1,030 1,360 4,395 3,56o 3,195 1,595 3,640 1,330

llt/'l"''rny Chi caaa Hercant!le Exchange Co.rloto 228 321 lD3 75 231 355 5 3 15 2 Ncv York f.iercant1lc Elcchonge do. 25 lD9 --- 7 6 7 --- --- --- ---

Total do. 253 430 lD3 82 237 362 5 3 ~5 2

I!XlOBy Cbtcaao Mercantile Exchange Car lots 1,636 ~.464 624 2,359 706 ~.287 6ol 2,48o 2,449 1,309 Rev York Mercantile Elcch.ange do. 8 --- 5 5 61 (3) --- --- --- ---

Total. do. 1,644 ~.464 629 2,364 767 ~.287 6ol 2,48o 2,449 ~.309

82 COMM>DITY FUTURES

To.ble 15.--Contracto oettlcd by delivery on en.ch contract mo.rket, yen.rs beginning Ju.ly, 1947-48 to 1956-57--Contirw.ed

Yoo.r beginning July Cotmnodi ty ond market Unit

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 -----

POTATOES!} l6 ChiCQ60 Mercantile Exchange Carlot a 2 1 46 17 98 159 23 3

New York Mercontlle Eltcho.nge do. 877 452 275 17 246 soo 1,097 1,326 387

Total do. 879 453 291 63 263 998 1,256 1,349 390

ONIONS !} 412 914 4,o4o 2,448 1,6o8 2,134 Y. 1,273 Chlca.go Jterca.ntile Ex.che.ngc Carloto 1,595 1,301'

Hew York Mercantile Exchange do. 10 25 13 2 9 --- 2 2l 21 190

'l'ota.l do. 422 939 4,053 2,450 1,6o4 1,301 1,610 2,155 1,463

COTTONSEED OIL Tbouoond New York Produce EXchange poundo ll,04o 45,6oo 46,380 28,000 95,l6o 88,300 34,56o 32,o4o 61,200 New Orl.eano Cotton EY.cha.nge do. --- --- --- --- --- --- --- --- ---Chicago Board of Trade do. --- --- --- --- --- --- --- --- ---

Total do. ll,04o 45,6oo 46,380 28,000 95,16o 88,300 34,560 32,04o 61,200

SOYBEAN OIL !} 'L'houonnd New York Produce Er..cha.nge pound a --- --- 2,04o 8,500 23,400 l6,o80 7,26o 9,24o 6,54o Chicago Board or Tre.de do. --- --- --- 4,o80 33,96o 69,180 65,76o 25,14o 68, 76o

Total. do. --- --- 2,04o 12,6oo 57,36o 85,26o 73,000 34,380 75,300

LARD Tbouoond Chi cage Board of Trade poundo 63,66o 91,36o 68,560 93,300 18,700 138,l6o 55,200 57,000 70,100

TALWW Tbouoond Ilew York Produce Exchange pounde --- --- --- --- --- --- --- --- ---

B!Wl Karume City Boord of Trade Tono 8,010 9,930 27,030 21;930 5,610 18,570 15,48o 22,o80 6,66o

BOORTS Kaneae City Boat·d of Trade Tone G,36o 6,690 8,970 10,600 7,56o 2l,06o 7,08o 15,000 2,490

------------r------- -----l!WDLINGB

Ka.naas City Board of 'l':rtide Tone --- --- --- --- --- --- --- --- 1,995

COTTONSEED I~ !} 1-lemphi o Boord of Trade

Clearing ADsoc1at1on Tone 2,8oo 1,200 3,900 700 1,300 1,500 5,300 l2,6oo 7,6oo

SOYBEAN I~ !} MemphiB Boord of Trade

C.learing Association Tone 100 1,400 5,8oo 16,700 7,200 14,200 22,100 33,200 14,200 Chicago Board of Trade do. --- --- --- --- 100 10,100 31,300 30,400 100,500

Total. do. 100 1,400 5,8oo 16,700 7,300 24,300 53,4oo 63,6oo 114,700

!} All types of oontre.cto.

?/ InfOITnation on deliveries prior to the 1954 December future obtained t:rcm the lloo1 Associates of the Now York Cotton Exchange, Inc, Jl Leoo than one carlot. Y Infonnation on deliveries prior to the 1955 Nov-..r future obtained from the Chicago Mercantile Exchange.

2/ InfoZ'll!l1.t1on on deHveries prior to the 1955 November future obtained from the New York Mercantile Exchange.

1956-57

25 "191

816

615 29

644

75,6oo ------

75,6oo

4,74o l24,56o

129,300

l27,84o

l,08o

2,500

780 ---------

2,310

5,000

55,300 77,300

132,6oo

COI«lDITl:' IIU'J.'UliEB 53 Table 16.--Contra<:to oettled by delivery on oBch contrnct mnrket, by future, J\llo' 1956 to June 1957

Future Coomod1 ty o.nd morket Unit

Julo' Aug. Sept. Oct. Nov. Dec. JBD. Feb. Ha.r. Apr. May June Total.

WHEAT Thousand Chicago Board of TrOO. buehele 1,6o5 3,J.6o 1,378 5,1Kia 670 12,27:. c'hioaeo Open Board of Trade do. H1nnenpol1o Grain Exch~JJ'lee do. 5 1168 1,963 7l.5 3,151 l(ruWM C! ty Board of Trade do. 1,295 62"( 2,270 1,421 449 6Jo&2 Hil'.to.ukco Grain ExchO%lgC do. Seattle Grain Ex:chllnge do.

Total. do. 2,905 4,255 5,611 6,<J81 1,834 21,4&

CORN Thoueo.nd ChJ copp Board or TrOO. bushel• 7,644 255 15,254 6,230 5,220 34,Go3

·Chicago Open Board of Trallo /io. YJ.lmJo.a C1 ty Board ot Trade do. 4o 20 6o !.fil.,.a.ukee Grain Exchange do.

Total. do. 7,644 255 15,294 6,230 5,240 34,663

OATS Thouso.nd Chicago Boord of Trade buohe1s 355 4,241 5,065 1, 212 3,501 14,374 Chicago Open Board of Trade do. 10 10 J.t.Lnncapolla Grain Exchange do. 310 367 1,2!36 334 2,297 !.Ulwa.ukec Grain Sitchonge do.

Tota.l do. 665 4,618 6,351 1,212 3,835 16,681

RYE Thousand Chicago Boord of Trade bushels 96o 424 1,075 1,381 2,635 6,475 Chicago Open Board of Trade do. M1nneapol1 o Gro.in Exchange do. 331 338 385 175 1,229 Milwaukee Grain E:Kcbangc /io.

Total. do. 1,291 762 l,!KiO 1,381 2,810 7,704

FU\XSEED Thou Bond Mtnnea.polla Gro.in Exchange bushels 293 137 259 34o 1,033

SOYBEANS Thoueo.nd Chicago Boord of Trade bushels 10,110 769 5,059 11,901 10,293 2,500 4o,632 Chicago Open Boord of Trade do. M1nneo.poli a Gro.iu Exchange do. 25 25 Kruwao City Board of Trll.de do. 5 145 150

Total lio. 10,110 769 5,089 12,046 10,293 2,500 4o,d07

GRAIN SORGHUMS Million Kana0.6 Ci t:r Board of Trade poundB 2.2 2.2 Chicago Board of Trade do. 12.0 12.0

Total do. 14.2 14.2

COTTON ThousBD/1 HEW York Cotton Excho.ne;e bales 1 1 1 7 9 19 Row Orleano Cot ton Excho.nge do. 1 (1) 1 1 1 4 Chicngo Board or Trade do.

TotBl do. 1 2 8 10 23

WOOL Wool Aasocio.tes ot the New 'l'bou-

York Cotton EKchange 1 Inc. pounds 270 462 408 2lO 120 1,470

WOOL 1\JPS Wool IUJOociateo ot the New ThousBD/1

'lork Cotton Ex:ch.o.nge, Inc. poundB 200 265 455 330 8o 1,330

Bl1'l'I'E:R Chico.so 1/ercMtile Exchange

Stor4ge Contract Co.rlota 2 2

I!XJOO Chicago MercBDtlla Ei<ohange

Refrigerator Contract Car lots 253 356 214 265 188 1,296 Ei'reob Contro.ct do. 13 13

- Total. do. 253 356 214 265 188 l3 1,309

l'OTAWEB Chicago Mercont11s Ei<chlllll!e

Ruonet Durbanka Ge.rlots lD 8 2 25 fiav York MercBOt!le Ei<change 1-inine Grown do. 66 35 6o 30 144 91 365 791

Totu do. 76 35 68 32 149 91 365 816 -

54 COMM>DITY FU'l.'1JRm

Ta.bl.e 16.--Contracta settled by delivery on ench contract market, by tuture, July 1956 to JUne 1957--Continued

Future Conm:ld.i ty and market Unit

July Jlu8. Bept. Oct .. Nov. Dec, Jan. Feb. !om'. Apr. ~ June Totll.l

ONIONS Chicago Mercantile Exchange

Yellov Gl.obe Type Contract Carl.oto Jw J.69 149 257 615 New York M!rcentil.e Ex:cba.Dge

Yellov Gl.obe Type Contract do. 6 15 7 1 2<;

Total do. 46 l.84 156 258 644

COTTONSEED OIL Thoue.ond New York Produce EKchange pounds 16,560 7,8oo 9,66o 17,16o 6,960 7,200 10,26o 75,&:lo lielf Orleans Cotton E><change do. Chi case Board of Trade do.

Total do. 16,56o 7,8oo 9,66o 17,16o 6,960 7,200 10,26o 75,&:lo

BO!llEAII OIL Thoue.ond Nev York Produce Exchange pounds 420 36o 1,oro 2,94o 4,74o Chicago Board of Tra4e do. 18,18o 23,2flo 30,960 ll,2flo 3,8Jw 8,220 28,8oo 124,500

Total do. 18,6oo 23,6Jw 3l.,98o ll,28o 3,8Jw 8,220 3l.,7lw 129,300

LARD Thousand Chicago Board of Trade pounds 16,o8o 14,olw 24,olw 28,8Jw 7,o8o ll,l6o 16,520 10,o8o 127 ,84o

TALLOW Thousand Nev York Produce Exchange pounds 300 2lw 420 120 1,oeo

BRAN Kanse.e City Board of Trade Tons 150 210 630 300 450 120 120 2Jw 300 2,5a:l

SIIJRTS Kanse.e City Board of Trade Tons 150 120 120 6o 210 120 78o

MIDDLINGS Kansas City Board of Trade Tons 105J 1,155 525 525 2,310

COTTONSEED IlEAL Memphis Board of Tra4e

Clearing Association SOlvent Process Tons 2,000 20C 1,300 100 1,000 4,&:lo 014 Process do. 200 4oo OOo

Total do. 2,000 200 1,300 100 200 1,4oo 5,3l0

BO!llEAII MEAL Memphis Board of Tra4e

Clearing Aeoociation F'.&stern Trunk LiDII Tons 900 5,200 1,4oo 6oo 200 1,500 ll,300 2l,l00 Unrestricted do. 4,900 4,900 2,100 1,4oo 1,ooo 5,6oo 10,100 4,200 34,3l0

Chicago Board of Trade do. 22,4oo ll,900 2,8oo 7,700 1,ooo 2,100 18,700 10,700 77,300

Total do. 28,200 22,000 6,300 9,700 2,000 7,900 30,300 26,200 132,00o

y Leos than 500 bales.

-Yeor

COMI-DDIT:t' FUTURFS

Table 17 ..... Jumua.l average of midmonth and month-end long and short CODIII1tmente ot reporting and nonreport1ng traders on all contract markets combined, 19~7-48 tc 1956-57

llonreport1ng ( 81114ll) Reporting (large) traders' CCIIIII1 tments y reported as:

traders• speculative Speculat1 ve

Total open and beclging Heclgins c:omm1 tments y Long or tons and short Total contracts short onl,y (Bprea41ng)

Long I Short Long I Short tons I Short tons I Short Long I Short Long -

WHEAT (In thousands o:r bushele)

55

Total

I Short

1~47-1,8 94,382 47,631 36,543 9,358 2,309 16,910 16,910 26,268 19,219 00,483 136,600 46,751 57,839 1948·'•9 90,914 39,634 35,8o6 7,348 6,774 15,788 15,788 23,136 22,562 28,144 32,5loV 51,28o 55,108 1949·50 85,677 4o,226 35,279 14,145 2,697 13,633 13,633 27,776 16,330 17,873 ~.268 ~5,651 50,598 1950·51 97,543 47,657 26,8o6 11,624 2,919 17,857 17,/357 29,481 a>, 776 a>,4o5 49,961 4<;,tl86 70,737 1951·52 107,195 51,659 29,450 14,158 4,432 21,016 21,016 35,17~ 25,448 00,362 52,297 55,536 77,745 1952.53 106,762 49,909 25,935 13,717 3,327 22,367 22,367 36,o64 25,09~ oo, 7o9 55,133 5o,853 ao,827 1953-54 96,848 51,857 30,536 12,333 2,924 21,091 21,o89 33,~24 24,013 11,567 I 42,299 ' 44,991 66,312

1955·56 96,335 43,o61 37,547 8,686 4,054 21,675 21,675 30,361 25,729 22,913 33,059 53,27~ 58,788 195'•·55 92,846 44,951 ~,784 13,~ 3,692 a>,26o 00,243 33,004 23,935 14,291 l ~.121 47,895 58,062

_19_56_-5_7_....~._12_4,_4_2_3-'-6-l_, 56_1....~._3_5_, 7_5_7_,_9_,_50_5 _ _L. __ 6_, 44_2 __ ,_2_5_,_34o _ _L_25_,_34o_...J._~ __ '_84_5 ....~._31, ~6~-'--~,017 _ ~~-,884----''--6-2_,86_--_2 ____ 88_,_666_-_-_

1947-1,8 52,809 1948-49 58,131 1949·50 49,4o6 1950-51 5~,900 1951-52 65,896 1952-53 67,057 1953-54 61,537 1954-55 69,1>49 1955-56 69,873 1956-57 70,867

1947-48 ~5,229 1948-49 29,165 1949-50 28,050 1950-51 44,952 1951-52 67,270 1952·53 84,419 1953-54 46,053 1954·55 24,896 1955·56 27,057 1956·57 31,915

1947-48 8o7 1948·49 4,023 1949-50 18,323 1950·51 13,647 1951·52 9,996 1952·53 17,274 1953-54 oo,862 1954·55 18,555 1955-56 13,761 1956-57 00,339

;;~;:--_[368 1951-52 2 059 1952-53 2' 153 1953•54 I 886 1954-55 451 1955-56 759 1956·57 432 ----- -

------1947-48 19'18-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57 -----

28,684 34,865 28,89() 28,798 37,924 38,~3 29,08o 39,530 39,997 38,025

29,533 22,054 00,017 31,868 50,985 64,829 33,009 16,616 00,450 23,518

681 3,410

15,454 11,287 7,493

14,139 16,965 15,037 11,395 15,835

29,870 26,994 18,764 17,526 21>,131 21>,6ol 23,1>17 19,721 22,083 21,496

21, 13,6

229 47 44 45 26

11,4 15,7 00,3 22, 1~,4

101 96 19 94

265

12,3 8,5 9,

1>42 2,1>6o 6,331 5,862 5,703 7,942 6,437 7,891 8,273

11,885

5,385 7,747 7,541

11,488 10,888 10,288 13,370 12,828 13,764 11,516

4,566 1,087 4,155 5,051 6,302 7,556 5,599 4,519 3,081 4,297

17 247 685 784 966 774 707 667 754

1,28o

CORll (In thousands of bushels) ------- ---- --------- ---- ---· - ··-·-·

1,865 10,996 10,996 16,381 12,861 2,738 9,498 3,115 8,213 3,638 8,317

9,498 17,245 12,236 8,213 15,754 11,328 8,317 l9,8o5 11,9';5

4,332 10,863 5,982 9,964 2,56o 13,000 3,690 12,04o

10,863 21,751 15,195 9,964 00,252 15,946

13,000 26,390 l5,58o 12,04o 24,868 15,730

3,585 10,828 10,828 24,592 14,413 4,000 9,825 9,825 21,341 13,825

OATS (In tbouaaD4a or bushels) ·--- -- . ----~

2,393 8,748 8,748 13,314 11,141 1,786 4,936 5,954 U,023 '/,74o l,o61 3,046 3,022 7,001 4,o83 2,193 6,848 9,624 11,1l99 11,817 2,509 9,027 13,123 15,329 15,632 1,775 10,907 17,003 18,463 L 'l::.ll 1,445 6,71>4 8,523 12,343 1,192 2,701 3,043 7,200 4,235 1,132 2,471 2,1,69 5,552 3,6ol 1,798 3,455 3,673 7,752 - 5,671

RYE (In thousands o:r buobelal

0 0 0 17 0 l2l 229 328 476 1>49 649 2,036 3,138 2,721 3,787 611 1,365 1,784 2,149 2,395 670 1,278 l,4o7 2,21>4 2,071 974 2,278 3,653 3,052 4,627 829 3,115 3,590 3,822 4,419 836 2,830 2,975 3,497 3,811 722 1,1>49 1,594 2,003 2,316 749 3,o86 3,608 4,366 4,357

·-·---------·

--,-----.-!'LAXSEBD- (In thousands of bushele)

::~-L~_J_jf "ILU~ 0 0 1 0 1 28o 2 61 0 5

2 0

-----

1,336 12,184 24,972 23,518 25,261 30,408 35,929 1>4,259 38,835 4o,734

17 1,439 6,015 2,8lo 3,899 5,056 8,819 6,4o6 6,262 4,3117

SO:!BEANS (In thous&Dds of bushels)

0 1 1 590 1,399 1,399

1,090 10,288 10,288 1,813 8,719 8,719 4,146 8,536 8,536 1,755 10,199 10,199 3,467 00,596 00,596 7,737 24,694 24,694 4,4o0 21,707 21,707 8,188 22,926 22,926

18 1 2,d38 1,989

16,303 11,378 11,529 10,532 12,435 12,682 15,255 11,954 29,415 24,063 31,100 32,431 29,969 26,107 27,273 31,114

---I:i~l-~:~. 4, 762 19,314 b,317 25,439 6,221 26,570 8,462 26,510 6,067 22,540 5,051 33,998 5,284 33,377

11,501 35,546

,659 2,38----;T 12 l,o88 1 7,778 832 1 11 ,923

1,~~ i t. 7,390 ,312

1,127 4 3,34o 701 21 ,589

1,06o 1,055 l

645 16

8,282 4,862

,979 --

109 365 137 1,114 148 8,005 2ll 5,390 259 2,216 83 4,705 75 10,oo6 21 6,853

163 3,172 138 4,097

9 19 105 1,o6o 422 836 252 128

1 37 142 281

0 19 --

905 498 4,621 2,900 6,181 6,883

17,150 5,676

7,6oo 9,929 8,029 11,752 8,1,48 00,377

12,234 12,100 14,648 14,318

28,149 17,669

24,125 22,939 23,266 31,137 00,516 30,642 26,122 37,394 27,972 41,765 28,714 1>2,456 32,~57 38,100 29,919 4y,728 29,1l7o 47,790 32,842 49,371

15,096 24,000 7,lll 15,518 8,033 16,6o6

13,084 29,<!:)7 16,285 46,91>4 19,590 62,318 13,01>4 31,557 8,28o 12,517 6,6o7 18,463 8,397 22,650

126 365 613 1,563

2,869 11,992 2,36o 7,705 2,503 4,293 3,135 9,332 3,897 14,425 3,518 10,664 2,366 5,488 4,504 6,454

9 19 146 1,o6o 563 1,116 354 009

1 42 222 283 21 19

923 499 7,459 4,889

22,484 28,528 18,412 16,208 00,035 22,611 23,284 23,706 37,863 1>4,1>4o 43,334 44,551 1>4,617 54,256 41,591 48,783

56

Year

1950-51 1951-52 1952-53 1953-54 1956-57

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

1954-55 iY 1955-56 1956-57

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1~56-57

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

OOMMJlli'.l'Y FUTURES

Table 17 .--A.nnu.Eu. average of midmonth nnd month-end lone: end abort ccnmnitmento of reporting and nonreport1DB tro.dero on aU contro.ct marketo c-iood, 1947-48 to 1956-57--Continued

---Reporting (large) trader a' COIIIIl1 tmenta y reported aa:

Nonreporting (small) - '--.

traders' specul.o.tive Speculative

Total open contro.cts

and hedging COIIII11tments y Jle<l81ng Totsl

128 572

24 3 3

2,706 2,403 2,374 3,288 3,564 3,672 2,764 3,194 2,077 1,463

'•,075 5,547 4,762 5,972

13,699 14,722 10,772 13,456 10,078

7,989

720 701 175 l88 517 576

2,655 2,547 2,289 2,906 2,26o 2,98o 3,037 5,113 5,391 5,682

1,6o4 759 586 422

1,405 4,009 4,106 5,517 2,895 3,959

---~~---

Long or Long and abort Total short onl,y (Spreading)

I Long-=r--~~-----

I Long Short Long J Short Long Short

GRAIN BORGill.MI (In millions or pounds)

Ic111 1 1 --rr 6 40 9 6 169 17 0 7 2 0 0 0 0 0 0

1,615 1,405 1,308 1,506 1,315 1,355 1,591 1,459 1,920 1,961 2,299 1,853 1,663 1,251 1,910 1,441 1,127 1,237

665 798

2,405 1,609 3,366 2,537 3,454 2,009 5,262 3,141 9,411 4,269 7,909 4,071 5,300 3,171 7,965 3,499 7,275 5,947

3,055 2,269

427 400 443 319 152 61 156 101 36o 155 372 167

2,025 1,426 1,713 1,301 1,437 1,870

1,135 1,487

1,725 1,239 2,215 1,884 2,281 2,014 3,9o8 3,099 3,878 3,520 4,302 3,267 ---

793 581 490 367 412 249 357 324 886 824

2,423 1,829 2,600 1,88o 3,419 2,343 1,8o4 1,074 2,441 1,346

COTTON (In thousands of bales)

168 39 334 334 174 49 331 331 136 41 358 358 285 91 485 481 139 83 535 531 164 48 472 472 220 15 405 406 273 20 363 375 138 11 179 181 104 15 184 l84

WOOL TOPS (In thousands of pounds)

1,074 0 8 8 1,551 277 152 152

347 92 203 203 44 140 66 66

1,022 40 tlOO 800 1,196 39 713 681

713 7 1,048 1,048 1,435 74 1,6o3 1,567

451 1 891 892 366 0 58 44

--

BU'l'TER (In car lots)

73 7 16 16 31 7 10 10 17 (5) 1 1 16 1

~~l m 67 (5) 40 15 34

EGGB (In carlot a)

279 106 176 176 384 233 81 81 427 llO 144 144 326 llO 4oo 4oo 26o l20 144 144 456 175 287 287 432 467 296 296 633 691 552 552 943 507 526 526 628 843 666 666

---- ----------- ------- . --- --------

l'OTA!l'OES (In carlots)

502 505 494 770 674 636 625 636 317 288

1,o82 1,703

550 llO

1,822 1,909 1,761 3,038 1,342

424

89 41 18 16 67 74

455 465 571 726 404 743 728

1,185 1,469 1,294

----- --

373 380 399 572 614 520 421 395 192 199

8 429 295 206 84G 700

1,055 1,641

893 44

23 17 1 1

(5) 49

3 2 5

282 l4 54 10

264

7 462 63 43 33

509

1,2 1,0 1,

-------

--~----- ----------- -------,--------379 100 65 65 102 14 30 30

444 165 132 44

14 9 26 26 2 00 36 36

104 209 94 94 610 578 441 441 722 264 257 257 776 800 475 475 627 432 256 256

40 35 38 56

198 303 1,051 1,019

979 521 1,251 1,275

883 688 782 721 271 271 1,053 992

----·. ----~--

Long I

7 J.8o

5 1 0

589 590 565 927 970 737 476 648 633 510

588 478 758 6oo

2,466 4,904 3,711 2,453 1,461 1,618

-204 217

5 16 90

130

175 369 281 310 131 22 28 20 44 86

367 137 134

27 321 535 507 847 208 465

Short Long

84 47 438 349

4 l2 0 1 1 0

928 1,091 517 1,095 600 1,059

1,257 1,697 989 1,641•

1,299 1,373 1,092 1,101 1,358 1,284

648 950 466 798

2,458 1,670 2,581 2,181 2,458 1,308 2,625 710 8,590 4,288 9,931 6,813 6,546 5,472 8,316 5,491 6,130 2,8o3 5,676 2,042

------

277 293 365 258 113 23 86 32

362 157 36o 204

...,_ __ ------------

947 932 900 909 757 634 26o 771 838 906

858 348 302 42

278 1,161 1,705 1,899 1,133 1,621

630 834 852

1,036 535 765 756

1,005 1,513 1,38o

1, 1, 2, 1, 1,

811 269 174

65 519

~ 098 091 518

93 455

6 0 1

1,301 897

1,019 1,629 1,6o) 1,819 1,513 1,753

64o 665

4,275 3,559 3,124

2,466 3,010 2,753 2,631 9,430

10,651 7,6o1 9,957 7,023 5,7fll

-------)00 )62 11'' 87

)6< /jQ9

1,229 1,246 1,154 1,419 1,021 1,096 1,023 2,014 1,871 2,415

COIM)DITY li'UTUREB 57 Table 17 .--Amlu&l aver- ot mi41l>:>nth and month-end long and llhort OOIII!litmento ot reporting and nonreporting tradero on all contract

markets canbiJ:Ied, 1947-48 to 1956·57--Continued

l Total open contracts

1955-56 §/ 1956-57

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57 ---

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

-48 1947 1911S 1949 1950 1951 1952 1953 1954 1955 1956

-49 -50 -51 -52 -53 -54 ·55 -56 -57

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57 --------

I

52,m 90,728

185,078 265,770 394,935 187,942

58,998 69,500

193,528 248,705

16,190 162,933 158,768 155,722 194,595 005,438 309,168 410,100

73,471 88,375 62,433 6o,557 73,685 92,337 59,092 62,330 75,815 80,105

29,287 19,568 1~,095 2 ,919 14,647 13,794 8,211 7,108 2,889 1,318

--16,900 11,251 8,876

11,664 8,784

13,061 4,538 6,149 1,382

446

Nonreporting (Sillall) traders' specu.lati ve

and he<lging cou,..l:bnento y

Long _l Short

16,922 10,981 31,815 22,115

105,500 32,984 la:>,902 71,048 244,722 71,275 67,307 34,787 24,928 11,68o 27,6oo 9,570 87,873

126,690 00,900 62,437

10,600 84,385

2,810 21,650

103,970 22, 775• 75,505 17,030 90,250 25,623 53,743 36,915

101,665 34,418 162,oo8 75,032

51,989 12,996 52,057 24,798 41,36o 19,266 36,814 23,130 49,754 23,100 70,992 12,124 39,544 34,897 37,630 27,oo8 51,317 18,863 47,613 29,153

7,241 7,400 5,009 3,785 8,846 4,685 8,479 4,765 8,ooo 4,741 7, 716 5,090 4,214 2,767 3,6oo 2,599 2,373 1,670 1,263 1,148

5,109 4,la:> 3,590 3,496 4,177 2,637 4,550 2,246 4,576 3,531 4,639 4,377 3,212 2,200 2,125 2,269 1,267 962

441 446

---------------Reporting (large) traders' commitments y reported as:

----------- ----------Spoculati ve

!!edging Total Long or Long and short Total

short only (Spreading)

I l -

I Long I ~-

I Long Short Long Short Long Short Short Long Short --~- --

ONIONS (In carlota)

COTTO!IBEI!Il OIL (In thouaando ot pounds) -

9,737 3,385 6,000 6,000 15,737 9,385 00,11.8 32,411 35,855 41,796 15,600 11,230 10,88o 10,88o 26,500 22,110 32,413 46,503 58,913 68,613 40,990 7 ,o16 16,628 16,628 57,618 23,644 a,y'<O 128,450 79,558 152,094 61,058 00,805 59,785 59,785 la:>,843 80,590 24,025 114,132 144,868 194,722 74,570 00,315 47,995 47,995 122,565 68,310 27,648 255,350 150,213 323,66o 49,870 21,355 33,805 33,805 83,675 55,160 36,96o 97,995 la:>,635 153,155 12,530 4,803 8,212 8,212 00,742 13,015 13,328 34,303 34,070 47,318 17,835 1,455 14,657 14,657 32,492 16,112 9,468 43,878 41,96o 59,990 39,237 3,66o 30,218 30,218 69,455 33,878 36,a:>o 138,750 105,655 172,628 30,225 00,207 58,108 58,108 88,333 78,315 33,682 107,953 122,015 186,268

BOXl!EAll OIL (In thou881ldo ot pounds)

3,000 162 1,658 1,658 4,658 1,800 912 11,56o 5,570 13,38o 36,775 6,748 21,575 21,575 58,350 28,323 00,198 112,96o 78,548 141,283 00,670 31,891 11,408 11,408 32,078 43,299 22,700 92,694 54,798 135,993 37,052 29,952 15,010 15,010 52,o62 44,962 28,155 93,730 80,217 138,692 41,092 8,635 21,915 21,915 63,007 30,550 41,338 138,422 104,345 168,972 46,322 7,635 46,263 46,263 92,585 53,898 59,110 114,625 151,695 168,523 71,910 17,002 47,288 47,288 119,198 64,290 88,305 210,46o 007,503 274,750 72,955 42,050 85,475 85,475 158,430 127,525 89,682 007,563 248,112 335,o88

LARD (In thou88llda ot poundo)

13,123 2,048 1,346 1,343 14,469 3,391 7,013 57,o84 21,482 6o,475 11,411 13,005 5,745 5,745 17,156 18,950 19,162 44,627 36,318 63,577 10,952 1,965 1,145 1,145 12,097 3,110 8,976 40,057 21,073 43,167

8,104 9,315 1,852 1,852 9,956 11,167 13,787 26,26o 23,743 37,427 6,815" 9,853 3,010 3,010 9,825 12,863 14,lo6 37,722 23,931 50,585

15,472 3,647 2,946 2,946 18,418 6,593 2,927 73,600 21,345 80,213 6,830 7,047 4,828 4,828 11,658 11,875 7,890 12,320 19,548 24,195

10,153 11,862 7,415 7,415 17,568 19,277 7,132 16,045 24,700 35,322 15,628 8,435 6,157 6,157 21,785 14,592 2,713 42,36o 24,498 56,952 18,568 11,917 9,975 9,975 28,543 21,892 3,949 29,06o 32,492 50,952

BIWI (In tons)

90 5 1,170 240 1,26o 245 00,786 21,622 22,046 21,867 175 2lB 508 462 683 68o 13,876 15,103 14,559 15,783

1,379 102 665 665 2,044 767 8,005 13,643 10,249 14,410 lll 0 5 5 ll.6 5 16,324 00,149 16,440 00,154

1,38o 137 100 100 1,480 237 5,167 9,669 6,647 9,9o6 27l 45 40 40 3ll 85 5,767 8,619 6,078 8,704

1,637 4~ 245 245 1,882 695 2,115 4, 749 3,997 5,444 765 71 71 836 lll 2,672 4,398 3,508 4,509

0 0 0 0 0 0 516 1,219 516 1,219 0 0 0 0 0 0 55 170 55 170

S!llRTB (In tons)

6oo 0 a:>o 1,130 8oo 1,130 11,011 11,670 11,811 12,8oo 384 6o 137 183 521 243 7,140 7,512 7,661 7,755 770 455 105 105 875 56o 3,824 5,679 4,699 6,239 97 40 5 5 102 45 7,012 9,373 7,114 9,418

554 29 26 26 58o 55 3,628 5,198 4,208 5,253 870 0 55 55 925 55 7,497 8,629 8,422 8,684 140 268 115 115 255 383 1,071 1,935 1,326 2,318 230 1,182 0 0 230 1,182 3,794 2,698 4,024 3,88o

0 0 0 0 0 0 115 400 115 420 0 0 0 0 0 0 5 0 5 0

~----,----,----,-----.----.---11[-~r-N_GB_~(I_n_to,_ns~)--,----,----,----,-----rr----,---~ ~ -----

68 COMJ.IlDifi FUTURES

Table 17. --Anmw.l average or midmonth o.nd month-end long and short comml tments of reporting and nonreportins traders on all contract morkota combined, 1947-11<1 to 1956-57--Continued

----- --·- -~------

1947-11<1 19,933 7,412 9,6o4 1948-49 2'•,438 10,021 13,363 1949-50 31,612 14,658 12,891 1950-51 52,301• 25,283 28,071 1951-52 50,'•58 12,087 23,900 1952-53 12,396 6,638 8,908 1953-5'• 18,275 9,550 6,875 1954-55 19,504 10,267 10,337 1955-56 20,862 10,108 8,812 1956-57 12,1142 8,421 6,146

387 1,617 1,550 3,029 2,375 1,704 1,704 2,213 3,867 4, 796 4,796 11,988

17,6o4 3,992 3,992 7,338 13,366 5,617 5,617 15,121

l,lJOO 1,117 1,117 3,033 363 1,029 1,029 5,421 942 983 983 6,487 475 1,104 1,1: 3,387 92 446 613

----~ ----·--·--· ------~--

SOYBEAN MEAL (In tons) ------ ------- ------ -------- -------

1~'>7-48 25,679 9,901• 10,304 2,917 19'18-49 26,688 13,084 9,688 3,304 1949-50 77,029 24,104 19,813 8,083 1950-51 174,767 67,338 19,663 62,487 1951-52 158,037 :J9, 754 11<1,337 4o,629 1952-53 121,367 37,863 36,246 21,262 1953-54 257,708 57,075 42,208 70,6oo 1951>-55 381,588 79,646 64,200 65,329 1955-56 420,042 98,867 114,450 103,433 1956-57 345,171 83,163 52,221 92,925

750 1,591 1,658 4,508 613 1,829 1,829 5,133

5,775 17,108 17,108 25,191 1,6o4 11,988 11,988 74,475

16,079 25,338 25,338 65,967 19,617 18,392 16,392 39,654 17,233 76,671 78,671 149,271 39,642 100,021 100,021 165,350 23,279 49,692 49,692 153,125 31>,521 32,4oo 32,4oo 125,325

!) Report.i.n(J' tra.dera arc peroone aubject to reportin,:_: requ.i.rementa Wider the Commodity Exchange Act.

'Ef ~rived by subtracting reporting tradero 1 commi tmcntc from total open contract a.

dJ Leoo than 500 buahela. !!/ Tra.derr:; not aubject to reporting requirements pr ~or to October 27, 1:;54. 2/ Lesr; than one carlot.

0J 'l'radera not subject to reportine requirements prior to September 2h, 1;155.

- --1,937 9,492 4,079 12,204 8,663 4,966

21,596 19,683 18,983 23,250 2,517 2,725 1,392 3,304 1,925 2,750 1,579 7,367

538 3,1108

2,4o8 11,267 2,442 8,471

22,883 27,734 13,592 41,417

32,954 52,316

38,009 43,850 95,904 51,362

139,663 136,592 72,971 1.68,050 66,921 136,683

8,392 6,996

10,058 2,637 7,575

971 10,008 7,242

10,471 5,758

12,967 14,558 34,333

141,512 68,283 47,112

119,596 177,725 302,621 226,029

-1 2,521 4,417 6,954

1 1

3 27,021 8,371 5,758 6,725 9,237

10,754 4,021

15,775 13,6o4 52,925

107,429 118,283 83,504

200,633 301,942 321,175 262,008

HO'i'E; Om.las.ion or data for a year in the 10-yea.r period (1Y4?-48 Lo 1956-57) indicates there w-ere no traders in reportlng ata.tus during the year. I<'or da to. on ta1lo~t J cec •ro.blc 18.

CO!M>DITY FU'IIJRE8 59 Table 18.-.. Long ODd abort CODmitments ot repOrting 8ll4 nonreport1ng trad.ero on all contract markets combined, semimonthl.y, July 1956 to June 1957 --]-----·

Onto :~~n

--~ ------

July 15 31

Auguat 15 31

~er15 30

October 15 31

November 15 30

December 15 31

JB!IUDJ'Y 15 31

FebrtWl'Y 15 28

March 15 31

April 15 30

llay 15 31

June 15 30

Avera.ge

July 15 31

Auguat 15 31

September 15 30

October 15 31

November 15 30

lbcember 15 31

JllllUO.ry 15 31

February 15 28

~'arch 15 31

April 15 30

llay 15 31

June 15 30

Average

July 15 31

Augunt 15 31

September 15

Octobnr ~ 31

November 15

DacDmber ~ J""'-'Ary ~ Fabruary ~~

28 Marcb 15

April ~~ 1-hy ~ JUno ?:;

30

Avera.g0 ---

112,469 138,'•71 150,035 155,896 154,423 151,345 152,643 150,087 148,698 141,265 135,373 132,2l<o 129,038 ll8,88lj ll4,543 108,659 102,877

97,l<o3 98,449 91,944 91,633 91,461

106,015 112,309

124,423

53,763 52,513 54,444 54,854 58,294 52,104 58,577 71,030 aq,761 82,589 P,752 73,774 77,746 8o,616 79,089 8o,632 81,303 82,019 81,8o9 77,739 79,754 76,32£ 70,211 64,ll8

----70,867

----·--28,867 38,334 44,268 49,02£ 48,ll7 118,743 47,764 47,282 ,.,.,178 43,010 36,185 33,697 33,279 31,924 28,014 2£,457 24,695 21,291 18,504 15,381 12,693 13,755 14,662 15,aq3

31,915

52,,.17 33,268 60,912 27,867 67,887 29,291 71,501 31,781 76,332 30,693 76,234 28,700 78,871 32,241 74,~7 30,921 73,022 34,488 71,228 35,332 67,646 37 ,f!I;J7 67,432 37,523 69,751 36,892 64,300 37,311 59,267 39,0~ 60,367 38,147 56, 7ll l<o,l<o2 53,324 39,157 49,158 l<o,412 ,.,.,103 l<o,582 42,575 l<o,375 42,560 37,43" 45,288 38,794 52,078 39,622

61,561

29,995 22,467 29,988 22,812 30,521 24,906 29,313 25,258 28,164 25,793 2£,481 24,031 31,297 23,286 l<o,505 19,255 51,823 18,570 47,304 17,665 42,734 17,274 42,225 16,962 44,070 15,743 43,977 17,716 42,514 18,8lj3 41,7l<o 18,671 41,323 19,022 43,594 19,427 43,624 22,606 l<o,139 21,397 39,349 24,894 37,276 2£,920 33,658 27,932 30,983 24,461

----------38,G25 21,496

18,430 10,735 27,175 10,831 32,543 10,829 35,363 10,457 36,362 ll,225 36,669 10,816 35,066 10,538 33,887 ll,l6o 32,622 ll,325 31,422 10,954 27,396 9,ll5 25,441 9,0ll 25,246 8,983 22,927 9,705 19,315 9,064 17,906 8,167 17,575 7,690 16,155 6,586 15,452 7,620 13,129 10,986

7,3l<o 7 ,Sl<o

ll,170 7,929 ll,136 7,107 11,073 7,348

------··--- ---

23,518 9,265

WHEA'r (In tllouaando or bunhe1s)

13,223 2,5l<o 22,~3 22,~3 13,951 3,285 2£ 020 2£,02£ 14,073 2,500 29;441 29,441 15,613 1,955 29,447 29,447 1,.,590 2,210 29,8l<o 29,8l<o 14,478 3,431 30,277 30,277 12,859 2,569 33,206 33,20G ll,983 3,890 33,098 33,098 10,326 3,127 33,851 33,851 9,3l<o 4,325 30,aq5 30,aq5 8,215 4,256 29,28lj 29,28lj 9,775 6,831 2£,636 26,636 9,48o 8,371 23,423 23,423 7,994 u,485 18,745 18,745 6,1l<o 9,095 19,491 19,~1 6,476 9,4oo 17,291 17,291 5,620 9,134 15,508 15,508 3,874 12,005 13,997 13,997 5,960 10,716 16,813 16,813 6,390 7,987 18,087 18,087 6,8ll 7,322 22,348 22,348 5,303 10,922. 23,060 23,060 6,582 10,237 33,276 33,276 9,071 7,007 31,675 31,675

6,442 25' 3l<o 25,3l<o

CORN (In thousando of busbe1n) ------

10,l.8o 5,l<o5 9,68o 9,68o 7,025 7,045 ll,380 ll,380 7,775 8,100 10,990 10,990

10,010 9, 732 9,795 9, 795 8,286 10,314 ll,248 ll,248 6,760 10,244 7,870 7,870 7,015 9,ll0 ll,695 ll,695 9,712 4,24o 12,714 12,714

14,028 2,210 10,765 10,765 13,177 2,125 ll,978 ll,978 l2,030 1,788 9,368 9,368 13,705 956 8,459 8,459 15,338 205 7,793 7,793 13,069 1,010 8,490 8,490 10,137 2,890 8,393 8,393 ll,365 1,410 ll,l68 ll,l68 13,945 735 10,075 10,075 13,230 1,78o 9,950 9,950 12,775 3,155 9,495 9,~5 ll,500 3,456 9,625 9,625 15,570 2,865 8,8l<o 8,8l<o 14,305 2,895 8,810 8,810 13,687 2,390 8,896 8,896 ll, 770 1,944 8,314 8,314

ll,516 4,000 9,825 9,825

OATS (In thouoODda o£ bushels)

7,2£3 2,500 2,259 3,734 6,8o1 1,6l<o 3,264 3,474 7,623 1,625 3,108 3,398 8,219 1,597 4,135 5,290 7,067 1,587 4,206 5,601 7,155 942 4,486 4,941 7,467 582 4,607 5,062 7,517 410 4,962 6,992 5,4o6 107 4,956 6,706 4,679 396 5,210 5,935 3,636 1,270 4,213 4,288 3,8o2 1,197 3,887 3,962 3,586 1,522 4,ll8 4,523 4,681 2,133 3,554 4,159 4,195 2,519 3,520 3,495 4,099 2,299 3,556 3,531 3,671 3,668 3,139 3,369 2,381 4,207 2,489 2,212 1,l.8o 3,456 1,745 1,885

3l<o 2,648 1,78o 1,78o 28o 1,6l<o 1,325 1,2l!o 435 1,552 2,070 1,915 345 2,102 3,056 2,581

1,300 1,542 3,270 2,88o

4,297 1,798 3,455 3,873

35,716 39,977 43,514 45,060 44,430 44,755 46,065 45,081 44,177 l<o,185 37,499 36,4ll 32,903 2£,739 25,631 23,767 21,128 17,871 22,773 24,477 29,159 28,363 39,858 l<o,746

34,8lj5

--19,86o 18,405 18,765 19,8o5 19,534 14,630 18,710 22,42£ 24,793 25,155 21,398 22,164 23,131 21,559 18,530 22,533 24,03) 23,l.8o 22,270 21,125 24,410 23,ll5 22,583 20,Q8lj

21,341

9,522 10,o65 10,731 12,354 ll,273 ll,641 12,074 12,479 10,362 9,889 7,aq9 7,689 7,704 8,235 7,715 7,655 6,810 4,870 2,925 2,120 1,605 2,505 3,l<o1 4,570

7, 752

5 5

2 4 5 4 5 3

5

15,08 18,42 19,090 19,527 21,56 18,11 20,8o 16,95 12,97 14,10 ll,156 9,41 7,998 9,500

u,28 3 8

1 5 5

12,57 10,81.0 ll, 730 12,650 13,08 11,70 ll,70 11,286 10,258

~-- _, 13,82 5

6,234 5,ll4 5,023 6,887 7,188 5,883 5,644 7,l<o2 6,813 6,331 5,558 5,159 6,045 6,292 6,014 5,830 7,037 6,419 5,341 4,428 2,88o 3,467 4,683 4,422

5,671

i

I

3,908 4,120 5,158 5, 736

10,596 10,993 cl,570 8,099 8,145

10,130 fl,6a:> 9,385

10,545 15,08o 18,045 16,359 15,900 15,245 15,915 16,475 15,995 15,935 13,970 13,051

----ll,501

915 1,094

994 1,309

482 433 624 916

1,194 1,699

9l<o 567 329 762 9aq 896 310 266 127 132 102

8o 125 200

645

54,168 60,052 81,293 77,559 88,8o3 82,148 92,713 84,395 91,68o 78,091 88,937 75,lll 34,627 73,772 82,178 75,590 77,232 75,676 70,763 70,037 63,936 67,727 61,250 64,8o8 60,352 59,287 51,343 54,584 46,908 55,276 43,821 48,292 37,833 46,166 32,244 44,079 30,508 49,291 25,288 47,841 21,588 ~,058 20,045 48,901 23,708 60,727 34,005 60,231 --· r-----56,884 62,862 ---~"--

16,211 23,768 ll,276 22,525 10,44<1 23,923 10,069 25,541 10,939 30,130 9,959 25,623

14,486 27,280 34,821 30,525 53,216 32,938 50,821 35,285 4,.,322 30,018 47,397 31,549 54,005 33,676 53,4oo 36,639 48,963 36,575 49,383 38,892 51,471 39,980 50,862 38,425 46,553 38,185 43,2£1 37,600 43,155 l<o,405 37,701 39,050 30,993 36,553 29,399 33,135

---~--· 1-----35,546 32,8lj2

79,201 ll0,604 120,7,.,. J.24,ur; 123,730 122,645 l.a:>,4o2 ll9,166 ll4,2.1D 305,933 97,476 94,717 92,146 81,573 75,~4 70,512 62,475 58,246 58,037 51,362 51,258 54,027 67,= 72,687

r---~-

88,666

31,296 29,701 29,538 29,596

2,501 3

3 ~ 0

6 5 5 6 6

28,073 5,291 1,775 6,191 4,924 5,478 6,812 2,003 2,900

6o,246 6 6 1,961 2,261. 2,592 9,203 6,342 4,86o 9,4o6 2,Z79 9,657

6 5 5 5 4 4 3

~-

4 9,371 -------

ll,898 10,437 18,132 22,389 ll,159 27,503 28,416 ll, 725 33,439 31,682 13,663 38,569 29,704 ll, 755 36,892 32,044 12,074 37,927 31,582 12,698 37,22£ 28,720 13,395 36,122 2£,ol<o ll,556 32,853 25,725 ll,588 32,056 21,512 8,789 27,070 19,527 8,256 24,686 18,251 8,033 24,296 15,927 8,997 22,2.19 12,936 8,699 18,950 12,460 8,551 18,290 9,968 7,120 17,005 8,286 5,136 14,705 5,543 3,052 10,884 3,613 2,252 8,o41 1,973 1,707 4,853 2,359 2,585 5,82£ 2,872 3,52£ 7,555 4,073 4,770 8,495

16,979 8,397 22,650

60

Date

July 15 31

August 15 31

September 15 30

October 15 31

November 15 30

December 15 31

January 15 31

Februory 15 28

~hrcb 15 31

April 15 30

May 15 31

June 15 30

Average

Ju1;; 15 31

August 15 31

September 15 30

October 15 31

November 15 30

December 15 31

January 15 31

February 15 28

March 15 31

April 15 30

May 15 31

June 15 30

Average

July

August

September

October

November

De"""'ber

January

February

March

April

15 31 15 31 15 30 15 31 15 30 15 31 15 31 15 28 15 31 15 30 15 31 15 30

• Averag

Total 0-contractu

11,l.Bo 15,364 1.8,278 21,693 23,077 23,771 24,921 25,720 218,173 26,169 23,636 23,026 23,807 22,520 19,423 17,71.8 17,345 16,865 17,129 16,261 15,193 16,515 20,366 19,989

20,339

688 680 711 527 612 584 674 619 546 498 355 356 358 380 383 392 376 384 36o 315 145 132 142 138

432

79,813 83,987 86,924 91,312

100,069 99,461

109,885 115,115 109,861 109,430 109,265 105,152 91,81.8 80,ll.8 80,752 78,500 74,983 73,839 74,570 76,202 80,421 78,385 81,028 77,515

89,517

-lleportiDS (lArse) trad.era' ~-t· !I reported u:

Nonreport1DS (-:ll) traders' speculative Bpeoulative

and hedgl.JIS lledg!JIS Total 001111111-t· y LollS or LollS and abort Total

ohort only (Bpree411JS)

LollS I Bbort LollS 1 Bbort LollS 1 Bbort LollS I llbort LollS I llbort LollS [ -

RYE (In thouaando ot bushels)

9,859 6,636 670 3)0 381 1,266 1,051 l,IK!6 210 2,858 1,321 4,344 12,856 9,o81 983 510 1,315 2,570 2,298 3,o8o 210 3,203 2,5o8 6,263 13,69o 9,974 1,7218 3 2,745 3,862 4,473 3,865 ll5 4,439 4,588 8,304 16,126 11,264 1,530 337 3,779 4,6o8 5,309 4,945 258 5,1Rl4 5,567 10,429 17,495 12,530 1,950 421 3,ilo9 4,320 5,359 4,741 223 5,8o6 5,582 10,~ 17,956 12,1.87 2,Z>2 1,023 3,558 4,507 5,76o ~:~~ 55 6,054 5,815 11, 1.8,611 13,064 2,748 525 3,562 4,432 6,310 0 6,900 6,310 11,857 19,265 13,302 2,416 530 3,689 4,749 6,105 5,279 350 7,139 6,455 12,418 21,548 14,1•34 1,785 1,150 4,385 5,590 6,170 6,740 455 6,999 6,625 13,739 19,528 13,341 1,442 938 5,069 5,867 6,511 6,805 130 6,023 6,641 12,826 1.8,363 12,462 1,210 1,179 4,003 4,738 5,273 5,917 0 5,257 5,273 11,174 17,848 13,059 1,576 814 3,6o2 4,072 5,~ 4,886 0 5,o81 5,178 9,967 1.8,767 13,06o 1,550 1,663 3,49o 3,970 5, 5,633 0 5,114 5,o40 10,747 17,168 12,1.88 880 1,141 4,237 4,6o2 5,117 5,743 235 4,589 5,352 10,332 15,075 10,744 415 1,01.8 3,918 3,988 4,333 5,oo6 15 3,673 4,348 8,619 14,294 10,532 683 830 2,726 2,876 3,ilo9 3,706 15 3,480 3,424 7,186 13,815 10,844 1,043 891 2,487 2,642 3,530 3,533 0 2,968 3,530 6,501 13,905 10,746 410 919 2,550 2,880 2,96o 3,799 0 2,320 2,96o 6,119 14,878 11,330 135 821 2,116 2,521 2,251 3,342 0 2,457 2,251 5,799 13,595 10,811 400 451 2,231 2,676 2,631 3,127 35 2,323 2,666 5,450 11,933 101010 869 910 2,056 2,146 2,925 3,056 335 2,127 3,26o 5,183 12,749 11,875 1,165 684 2,6o1 2,241 3,766 2,925 0 1,715 3,766 4,64o 15,070 15,567 1,712 830 3,2184 2,964 4,996 3,794 300 1,005 5,296 4,799 15,659 15,999 1,145 192 2,880 2,473 4,025 2,665 305 1,325 4,330 3,990

15,835 11,885 1,280 749 3,o86 3,6o8 4,366 4,357 138 4,097 4,504 8,454

l'LAX8EI!D (In tllauoando ot bushels)

437 688 251 0 0 0 251 0 0 0 251 0 429 680 251 0 0 0 251 0 0 0 251 0 711 711 0 0 0 0 0 0 0 0 0 0 527 527 0 0 0 0 0 0 0 0 0 0 612 612 0 0 0 0 0 0 0 0 0 0 584 584 0 0 0 0 0 0 0 0 0 0 674 452 0 0 0 0 0 0 0 222 0 222

619 390 0 0 0 0 0 0 0 229 0 229 546 546 0 0 0 0 0 0 0 0 0 0 498 498 0 0 0 0 0 0 0 0 0 0 355 355 0 0 0 0 0 0 0 0 0 0 356 356 0 0 0 0 0 0 0 0 0 0 358 358 0 0 0 0 0 0 0 0 0 0 380 380 0 0 0 0 0 0 0 0 0 0 383 383 0 0 0 0 0 0 0 0 0 0 392 392 0 0 0 0 0 0 0 0 0 0 376 376 0 0 0 0 0 0 0 0 0 0 384 384 0 0 0 0 0 0 0 0 0 0 36o 36o 0 0 0 0 0 0 0 0 0 0 315 315 0 0 0 0 0 0 0 0 0 0 145 145 0 0 0 0 0 0 0 0 0 0

132 132 0 0 0 0 0 0 0 0 0 0 142 142 0 0 0 0 0 0 0 0 0 0

138 138 0 0 0 () 0 0 0 0 0 0

411 413 21 0 0 0 21 0 0 19 21 l9

SOIBP.AIIB (In tllauoando ot bushels)

31,151 34,793 4,175 8,121 23,481 23,481 27,656 31,6o2 14,400 13,41.8 42,056 45,000 35,915 39,922 3,670 6,821 25,026 25,026 28,696 31,847 19,376 12,21.8 48,072 44,o65 37,614 40,907 3,056 6,161 26,684 26,684 29,740 32,845 19,570 13,172 49,310 46,017 37,277 40,477 3,96o 10,301 29,635 29,635 33,595 39,936 20,440 10,899 54,035 50,835 36',699 41,986 3,o6o 9,374 36,266 36,266 39,346 45,66o 24,024 12,423 63,370 58,o83 41,743 40,832 6,131 6,279 34,572 34,572 40,703 40,851 17,015 17,778 57,71.8 58,629 52,879 42,170 7,016 6,579 33,l.Bo 33,l.Bo 40,196 39,759 16,810 27,956 57,oo6 67,715 59,319 42,039 5,194 8,425 34,922 34,922 40,116 43,347 15,680 29,729 55,~ 73,076 61,521 43,6o2 5,lll 8,535 30,847 30,847 35,958 39,382 12,382 26,877 48, 66,259 64,368 46,ilo9 4,210 5,720 29,291 29,291 33,501 35,011 11,561 28,010 ::z,o62 63,021 64,533 46,777 4,346 7,850 218,o65 218,o65 32,411 35,915 12,321 26,573 ,732 62,488 62,983 45,691 5,586 8,530 26,657 26,657 32,243 35,1.87 9,926 24,274 42,169 59,461 57,476 41,567 5,175 6,277 19,765 19,765 24,940 26,o42 9,402 24,209 34,342 50,251 54,923 35,966 3,425 5,371 14,380 14,380 17,805 19,751 7,390 24,401 ~:~

44,152

53,896 40,285 3,342 4,011 15,1Rl4 15,1Rl4 1.8,826 19,495 8,030 20,972 4o,467 50,791 38,171 3,661 5,326 17,013 17,013 20,674 22,339 7,035 17,990 27,~ 40,329 47,709 38,544 3,746 5,721 15,851 15,851 19,597 21,572 7,677 14,867 27,27 36,439 47,093 38,823 3,568 6,413 15,396 15,396 1.8,964 21,809 7,782 13,207 26,746 35,016 47,639 40,233 2,765 8,475 13,949 13,949 16,714 22,424 10,217 11,913 26,931 34,337 44,034 40,371 4,1.83 10,151 14,678 14,678 1.8,861 24,829 13,307 11,002 32,1.68 35,831 43,71.8 42,818 4,942 11,835 14,817 14,817 19,759 26,652 16,944 10,951 36,703 37,603 38,219 39,222 3,812 13,475 15,632 15,632 19,444 29,107 20,722 10,056 40,i66 39,163 36,852 40,479 4,445 14,615 16,749 16,749 21,194 31,364 22,982 9,1.85 44,176 lj0,549 35,254 35,51.8 5,745 12,146 17,869 17,869 23,614 30,015 1.8,647 11,982 42,261 41,997

·---· ---- ··--'--- --48,783 47,926 40,734 4,347 8,1.88 22,926 22,926 27,273 31,114 14,318 17,669 41,591

-- ----··--'-·-----'--- -'------·

COMM:>DITY" FUTURES 61

Tnble 1.8.--Lo.ng and short cottmitments or reportiD& and nonreport1ng traders on all contract market& combined, oemimonthly, July 1956 to June 1957--Continued

IJBte Total. open contracts

----------L-----•---w--~___L__-rt

-------~;~,~~~~_.~~.::~u T ~~ -Sbort ~ng l_:art wngi_-~~- --w~]_:ort w~~[~-;~-

GRAIN SORGHUMS (In millions of pounds) -----~- -------,---- -- ------ ---- ---- -·--- ------- -------- ------ -r--~------ ---

~ r1 __ !_ July 15 0 0 0 31 0 0 0

Auguot 15 0 0 0 31 0 0 0

September 15 1.4 1.4 1.4 30 1.4 L4 L4

October 15 6.7 6.7 6.7 31 12.7 12-7 12-7

1/ovember 15 13.6 13.6 13.6 30 14.2 14.2 2.2

December 15 0 0 0 31 0 0 0

Jl111UBX'Y 15 0 0 0 31 0 0 0

February 15 0 0 0 28 0 0 0

March 15 ·3 ·3 ·3 31 ·3 ·3 ·3

April 15 .3 ·3 ·3 30 ·3 ·3 ·3

"""' 15 ·3 ·3 ·3 31 ·9 ·9 ·9

June 15 L4 1.4 1.4 30 L4 1.4 L4

Average 2.3 2.3 1.8

July 15 1,751 635 l.,o61 31 1,814 642 1,075

Auguot 15 1,895 638 1.,102 31 1,925 636 1,o8o

Septcmber 15 1,951 659 1,078 30 1,863 668 970

October 15 1,768 613 927 31 1,814 694 993

November 15 1,6o3 734 891 30 1,512 705 815

December 15 1,496 714 764 31 1,467 179 748

Jf.lnu.o.ry 15 1,372 170 720 31 1,272 734 684

Februo.ry 15 1,217 671 639 28 1,199 662 620

March 15 1,229 695 677 31 1,236 632 653

April 15 1,2)2 581 637 30 1,135 583 624

Yay 15 1,053 586 569 31 1,096 635 622

June 15 1,122 633 6o2 30 1,113 655 597

Average 1,463 665 798 -- --------- -----

duly 15 4,782 4,176 1.,068

Auauat 31 5,562 4,386 1,644 15 5,868 4,494 1,662 31 5,748 4,332 1,518

September 15 6,132 5,112 1,734

October 30 6,222 5,178 1,~ 15 6,252 5,448 2,046

november 31 6,048 5,358 2,310 15 6,330 5,628 2,532

Docember 30 6,942 5, 784 3,24o 15 6,096 5,142 3,:1:86 31 5,99. 5,424 3,534 Janu.o.ry 15 6,024 5,424 3,426

February 31 6,138 4,908 3,222 15 6,228 5,196 3,576

~ch 28 7,050 4,908 5,112 15 6,882 4,722 5,016

Aprn 31 6,288 4,824 4,674 15 6,420 5,748 4,668

l'4y 30 7,122 6,018 4,290 15 7,452 5,784 4,584

June 31 7,668 6,192 4,884 15 7,626 6,168 4,74o 30 7,398 5,886 4,716

Average 6,428 5,26o 3,301> -----

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 --~-

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

--

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 --

COT"roN (In thouBBJ>ds of bel_es)

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 ______ c_ _____ ----

l20 6 226 zy;-r 346 232 770 144 13 152 14 l27 11 114 8 102 3 108 17 117 16 131 12 116 13

99 24 91 16

104 7 93 8 83 8 83 12 79 10 92 27 96 21 93 26 85 26 89 15 92 19

100 29

104 15

231 221 244 245 = 227 255 222 224 188 185 145 l20 ll2 l22 l20 141 159 166 149 153 166 172

184

2

2 2

30 221

43 44 = 228 2

1 1

55 222 224 188 85 45 = 112 l22 120 1 1

1 1

41 59

166 49 53

166 73 1

1 84 _____ L,..._______ ____ L__..__._ __ L.....-........_

WOOL (In thousands of pounds)

132 0 150 150 330 0 150 150 330 0 150 150 198 0 150 150 198 0 150 150 198 0 150 150 198 0 174 174 198 0 144 144 198 0 18o 18o 570 0 24o 24o 228 0 222 222 198 0 0 0 198 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 102 48 48 0 156 294 294 0 0

~·1 §_ 0 0 0 246 0 0

132 125 125 ~ ~·------

375 243 797 373 235 884 371 254 918 359 252 933 322 223 873 335 245 820 372 271 748 353 234 516 340 237 467 287 2l2 495 276 201 412 249 152 353 213 129 325 195 120 351 205 1)4 332 199 130 335 233 168 371 255 18o 366 259 192 293 234 175 233 242 168 219

-it258 : ~~ - ---~-199 510

- ----- -·-- ---

282 150 324 48o 150 696 48o 150 894 348 150 1,068 348 150 672 348 150 696 372 174 432 342 144 348 378 18o 324 810 24o 348 450 222 504 198 0 372 198 0 4o2

0 0 1,230 0 0 1.,032 0 0 2,142 0 0 2,16o 0 0 1,464

48 150 624 294 450 810 294 294 1,374 270 270 1,206 l20 366 1,338 120 l20 1,392

257 146 911 ------ ---

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

12. ~ g I. 12.g 0 0 0 0 0 0

0 'I 0 I 0

~ I ~ I' ~ ~ II ~ ~ 0 0 0

~boJ=~~ 0 0 0

o. ---

: : --~ 458 496 558 591 621 670 596 550 478 46o 520 518 500 459 458 445 422 415 385 319 309 30b 335 314

466

3,564 3,768 4,056 4,o&J 4,248 4,170 4,032 3,594 3,618 3,462 2,688 2,46o 2,598 2,916 2,652 1,938 1,866 1,614 1,6o2 2,382 2,574 2,514 2,520 2,562

2,978

I I I

11

II

II

I

1,11.6 1,172 1,257 1,289 1,292 1,195 1,155 1,120

869 8o7 782 688 6o2 538 546 537 534 6o4 621 552 467 461 489 458

798

6o6 1,170 1,374 1,41.6 J.,oro 1,044

!lo4 ego 702

1,158 954 >70 6oo

1,230 1,032 2,1.42 2,lcio 1,464

672 1,104 1,668 1,476 1,458 1,512

l,l..6S

690 739 793 845 873 893 841 821 712 C$7 732 719 652 588 578 579 552 583 565 511 484 474 520 510

065

T--:;, 714

I ~·~ 4;230 4,398

i 4,320 4,206

I 3, 738 3,798 3,702 2,910

I 2,46o

I 2,598 2,916

I

2,652 1,938 1,866 1.,61.4 1,752 2,832 2,868 2,784 2,886 2,682

3,124

62 To.bl.e 18.--I.ong o.nd abort cotllll.itmentu of reporting and nonreporting trodcre on all contract morketo combined, oemimonthly, July 1956 to June 1957 .... Contiwed

--------Jul.! 15

31 August 15

31 September 15

30 October 15

31 November 15

30 December 15

31 Janunry 15

31 February 15

28 Morch 15

31 April 15

30 May 15

31 June 15

30

Average

July

J\uguot

Beptembc

October

liovember

December

Feb:nw.ry

Morch

April

May

June

15 31 15 31

r 15 30 15 31 15 30 15 31 15 31 15 28 15 31 15 30 15 31 15 30

Aver 01!.• ~-~·

JuJ.y 15 31

Auguot 15 31

September 15 30

October 15 31

November 15 30

December 15 31

January 15 31

Febru=y 15 28

Morch 15 31

April 15 30

May 15 31

Juno 15 30

Average ------

-~-

oto.l o n ontrnc~

Long

------

--·-· --·-~ r---------~--~

9,380 7,265 9,180 7,195 9,030 6,86o 8,875 6,900 9,080 7,015 9,095 6,610 9,100 6, 755 8,050 5,055 6,820 4,975 6,975 5,170 7,395 5,780 6,995 5,1qo 7,670 5,68o 7, 785 5,370 7,370 4,900 7,135 5,o6o 6,835 5,335 7,115 5,210 7 ,41.0 5,565 7,645 5,765 8,085 6,150 8,265 6/)95 8,235 6,455 1,220 6,065

7,989 5,947 --- '----------

6,831 4,937 6,923 6,696

5,154 5,276

6,6o4 4,971 5,825 4,367 5,859 4,701 5,666 4,781 5,583 4,834 5,518 4,745 5,711 4,790 4,377 3,861

3,844 3,353

3,669 3,123 2,866 1,920 3,379 2,315 3,646 2,545 4,667 3,244 5,134 3,474 5,769 6,136 6,814

3, 713 4,067 4,967

7,768 5,664 8,232 8,834

6,198 6,217

5,682 4,302 ---------

------~-

3,573 2,223 4,162 2,554 3,897 2,lq6 h,2ll7 2,595 4,4o2 2, 759 4,453 3,045 4,861 3,007 1,,906 2,972 4,972 2,897 5,148 3,186 5,14o 3,117 5,015 2,799 5,017 3,080 4,?23 2,981 5,037 3,129 4,970 3,015 4,421 2,737 3,709 2,247 3,631 2,330 3,432 2,236 2,330 1,172

806 591 845 578

1,lll 856

3,959 2,441

1, 1, 1, 1, 1, 2, 2, 1, 1, 1, 2, 1, 1, 2, 2, 2,

810 785 730 785 970 26o 36o 930 88o 505 205 8oo 975 41io 4o5 865 65 2,9

2,3 95 80

220 90

215 255 4o

1,7 2, 2,5 3, 3, 3,3

2, 269 -

4,005 3, 745 3,881 4,043 3,954 3,927 3,643 3,831 3, 71~3 3,48o 3,286 2,666 2,41io 1, 785 1,961 1,846 2,552 2,311 2,878 3,368 3,31.6 3,717 4,003 3,961

3,267

1,675 1,587 1,559 1,447 1,426 1,254 1,293 1,aJO 1,274 1,1195 1,470 1,632 1,994 2,035 1,963 2,056 1,66o 1,175 1,175

932 856 349 364 400

1,346

WOOL WI'S (In thouaando of poundo) ·--~-----~---

425 0 0 390 0 0 0 390 0 0 0 165 0 0 0 165 0 0 0 5110 0 0 0 54o 0 25 25 805 0 25 25 470 0 25 25 165 0 100 100 265 0 100 100 375 0 0 0 595 0 0 0 430 0 0 0 325 0 0 0 190 0 95 4o 190 0 125 65 190 0 195 65 190 0 235 105

_jlJ ! 120 120 120 120 75 75 75 75 70 100

58 44

roes (In corloto) ---------

949 900 ----xf;T 794 872 1,265 817 498 950 831 881 700 957 906 906 615 586 821 821 448 787 710 710 248 1,013 637 637 280 957 419 419 199 979 574 574 185 1,295 736 736 197 673 336 336 1.92 810 291 291 263 830 = 200 530 1163 297 297 559 644 387 387 545 783 438 438 828 636 477 477 703 '(06 839 839 979 458 94o 94o

1,313 1!63 618 618 972 768 709 709 899 924 1,038 1,038 903 1,095 895 895

1,151 1,293 1,233 1,233

628 843 666 666

l'OTNIOES (In co.rl.oto)

523 227 262 262 755 426 395 395 71•5 2'•9 323 323 913 370 26o 26o 774 499 337 337 684 610 229 229 930 6oo 259 259 810 073 375 375 806 015 4o7 4o7 979 975 349 349 936 1,017 443 443

1,032 981 1152 452 1,007 1,019 315 315 1,147 1,l.215 265 265

969 1,192 358 358 1,141 ~64 334 334 1,280 1,115 113 113

748 1,196 345 345 742 1,087 215 215 76o 1,189 71 71 846 4o4 197 197 79 105 62 62

109 78 62 62 69 191 65 65

782 721 271 271

425 0 390 0 390 0 165 0 165 0 540 0 565 25 830 25 495 25 265 100 365 lJJO 375 0 595 0 430 0 325 0 285 4o 315 65 385 65 425 105 310 120 310 120 610 75 610 75 6o5 120

424 44

1,743 1,694 1,689 2,o82 1,379 1,831 1,626 1,863 1,456 1,4o7 1,158 1,497

835 1,650 699 1,376 773 1,553 921 2,031 533 1,009 483 1,101 463 1,030 827 76o 946 1,031 983 1,221

1,305 1,113 1,542 1,545 1,919 1,398 1,931 l,o8l 1,681 1,477 1,937 1,962 1,798 1,990 2,384 2,526

·-------- ----·--·-- ----1,294 1,509

785 489 1,150 821 1,068 572 1,173 630 1,lll 836

913 839 1,189 859 1,185 1,248 1,213 1,222 1,328 1,324 1,379 1,46o 1,484 1,433 1,322 1,334 1,412 1,391 1,327 1,550 1,475 1,298 1,393 1,228 1,093 1,541

957 1,302 831 1,26o

1,043 6o1 141 167 171 14o 134 256

1,053 992

,690 ,595 ,780 ,790 ,900 ,945 ,780 ,165 ,350 ,54o ,250 ,150 ,395 ,985 ,125 ,790 ,185 ,500

1 1 1 1 1 1 1 2 1 1 1 1 1 1 2 1 1 1 1 1 1 1 1 1

,400 ,570 ,625 ,56o ,170 ,550

1 ,618

151 80 41 7 2 0 0 0 0 0 0

25 83

119 118 118 118 118 137 138 166 167 236 233

86

565 458 353 1•79 532 495 665 749 862 634 644 732 615 530 581 48o 291 369 344 365 115

74 96

121

465

--- -----7,570 2,115 7,570 7,395 1,985 7,395 7,300 2,170 7,300 7,090 1,955 7,090 7,110 2,065 7,110 6,835 2,1185 6,835 6,715 2,345 6,7140 6,095 2,995 6,12l 4,915 1,845 4,94o 5,370 1,805 s,Jqo 5,090 1,615 5,190 5,195 1,525 5,195 5,695 1,990 5,695 5,345 2,415 5,345 4,965 2,450 4,965 4,230 2,075 :~,zro 3,805 1,500 3,870 4,655 1,905 4,720 5,525 1,845 5,630 5,305 1,88o 5,425 5,375 1,935 5,1•95 4,975 2,170 5,050 4,905 1,780 4,9&>

__ '0~ 2,155__ ~8&l 5,676 2,042 5,720

1,132 1,894 2,826 1,096 1,769 3,178

984 1,42:1 2,815 698 1,633 2,561 464 1,458 1,871 435 1,158 1,932 373 885 2,023 326 699 1,702 222 773 1,775 = 921 2,231 82 533 1,091 94 508 1,195

199 546 1,229 321 946 l,o81 387 1,064 1,418 579 1,101 1,8oo

1,002 1,423 2,ll5 1,270 1,66o 2,823 1,493 2,056 2,891 1,687 2,069 2,768 2,021 1,847 3,498 2,089 2,104 4,051 2,239 2,031~ 4,229 2,:Jl•7 2,617 4,073

906 1,380 2,415 --------

1,4o9 1,350 1,898 1, 754 1,6o8 2,575 1,766 1,421 2,338 2,170 1,652 2,8oo 2,14o 1,643 2,976 2,360 1,4o8 3,199 2,709 1,854 3,568 2,458 1,934 3, 7o6 2,476 2,075 3,698 2,329 1,962 3,653 2,210 2,023 3,670 1,950 2,216 3,383 1,689 1,937 3,023 1,497 1,942 2,888 1,524 1,908 J,074 1,616 1,955 2,914

1,533 1,684 2,761

993 1,462 2,534 1,154 1,301 2,456 1,2-40 1,196 2,500

073 1,158 1,474

290 215 457

341 267 481

435 255 691

1,621. 1,518 2,613

CO>M>DITY FUTURES 63

To.blo J.8,--Long and ohort conmitmento ot reporting o.nd nonreport1ng tro.dero on all. contract ma.rk.eta combined, semimontbl.y, July 1956 to June 1957--Continucd

---·-- ----·

Ju.l:i 15 3,536 31 4,195

twguot 15 4,297 31 4,l!94

September 15 4,882 30 5,o88

ctobor 15 5,000 31 4,361

November 15 4,135 30 4,580

December 15 4,734 31 4,398

Jom=y 15 3,893 31 3,271

February 15 2,757 28 1,663

J.ilrch 15 732 31 624

April 15 831 30 1.,1.81

May 15 1,439 31 1,l!92

J\Ule 15 1,727 30 1,872

--Average 3,133

Ju.l:i 15 183,900 31 163,26o

lwguot 15 192,5l!o 31 192,900

September 15 l.88,2flo 30 ro6,8ro

October 15 218,46o 31 236,8ro

November 15 263,64o ?IJJ/ 256,980

December 15 2flo,1l!o 31 268,86o

Jll!lUO.ry 15 287,76o 31 314,2flo

February 15 312,6oo 28 305,100

J.ilrch 15 291,2lio 31 288,900

April 15 289,56o 30 259,aJO

May 15 244,26o 31 243,5l!o

June 15 245,2flo 30 234,6oo

Average 2'Kl,705 ----~-~--

-,--·----·'u.l:i

lwgunt

15 31 15 31

349,26o 3'Kl,l.8o 369,18o 373,380

Septcmbe r 15 374,16o

Octobor

Rovc:mbar

Decc:mber

Jonuo.ry

Pebrunry

l'nrch

April

... y

Juno

Avor

?/) 4oo,26o 15 431,880 31 'Kl9,6oo 15 509,220 ?IJJ} 532,9al 15 550,3al 3l 497,3l!o 15 505,0al 31 'Kl5,4oo 15 'Kl2,700 26 459, 7al 15 l!o3,26o 31 367,0al 15 347,100 ?/) 315,4al 15 301,4'10 31 309,300 15 317,64o 30 323,J.6o

ago 410,l.a> ---~-----

r~·---~-·-

1,926 2,480 2,281. 2,355 2,662 2,843 2,913 2,674 2,769 3,103 3,054 2,750 2,494 2,031 2,059 1,243

l!94 463 676 930

1,102 1,171. 1,239 1,346

1,96o

90,780 82,4l!o 87,84o 76,1l!o 78,480 95,1100 99,].2)

100,4l!o uo,J.6o 124,200 129,o6o 135,300 145,68o J.69,oro 169,86o 169,800 165,84o 159,300 154, 7l!o 136,800 131,700 136,7l!o 144,6oo 147,1al

126,690 --~--

-----128,880 123,2l!o 127,7l!o 122,940 112,800 128,8ro 163, 7l!o 191,46o 184, 7l!o 225,l.8o a:>5,2X> ro4,6oo 181,4l!o 181,32) 163,4l!o 154,380 183,480 1T7 ,12)

162, 7al 158,100 155,880 153,4al 153,6oo 143,9l!o

162,oo8 -----

-~~ -~-----

850 885 788 717 667 71b 813 757

1,002 1,034

908 724 942

1,ll3 887 781 lio8 266 247 293 l!o6 392 421 365 -r--685

--18 1,0

1,07 1,213o 1,290 l,l 1,344 1,23 1,0

2

70

9 39

58 846 9

1,0 l,l 1,07 1,09

44 72

0 3

12 684 4 237 J.6o 1 22 299 ?/)

54 3

2 5 '"' 4 19

89 7

ONIONS (In corl.oto) ---- ---·-·- -- --·~-·-- -·-----~

264 5l!o 5l!o 278 576 576 134 646 646 144 634 634

14 851 851 187 702 702 ro4 669 669 290 524 524 236 376 376 512 395 395 815 'Kl7 'Kl7 959 389 389 992 213 213 707 105 105 892 14 14 276 1 1

5 1 1 0 1 1 3 1 1

llO 2B 26 78 38 38 72 19 19 53 83 83 51 107 107

--- -------?1)4 308 308

-------------1,558 1,648 1,925 1,924 2,021 2,046 1,9()8 1,563 1,222 1,353 1,531 1,561 1,283 1,198

698 413 238 161 155 251 337 ?21 lKl8 526

-- ----1,097

----- --

1, 1, 1,

8 24 8 54

80 7 778 66 889 6

5

73 8 14

12 7 2

lKl 5

12

6 90 30 3 ro 8 906 277

6 1 4

38 1 ll6 91

1 36 158

612

,------- --52 67 90

215 199 199 199 124 144 124 149

87 ll6

42 0 7 0 0 0 0 0 0 0 0 ---76

COT'roNBEEil OIL (In t.hauii8Zlds of poundo)

28,380 32,4oo 34,380 31,9al 36, 7al l!o,980 49,0al 'Kl,900 45,000 54,300 71,22) 57,4aJ 66,2l!o 75,4al 92,4oo 92,2flo 89,ow 78,4ro 80,9l!o 84,o6o 85,500 82,03) 77,100 64,4l!o

lB,hiD 16,3al 48,240 'Kl,2l!o 66,66o 64,560 26,46o 19,26o 17,46o 37,980 37,980 57,2l!o 55,4l!o 23,580 18,840 22,4l!o 57,480 57,480 76,3al 79,9al 26,380 24,18o 19,560 65,040 65,0l!o 89,220 84,6oo 27,540 22,4l!o 14,9l!o 6o,o6o 6o,o6o 82,500 75,000 27,300 24,4ro 14,3l!o 59,880 59,880 84,300 74,220

27 ·= l!o,500 25,1l!o 50,700 50,700 91,2)() 75,84o 26,ll!o 'Kl,66o 25,26o 54,84o 54,84o 103,500 80,100 32,88o 53,5al 23, 5al 65,340 65,3l!o U8,86o 88,86o 34,6ro 56,J.6o 16,3al 47,940 47,9l!o 104,100 64,26o 26,68o 52,68o 14,580 59,700 59,700 112,380 74,2flo 38,700 35,64o 21,o6o 65,200 65,2flo 100,9a:> 86,340 32,64o 42,960 17,22) 70,68o 70,68o 113,64o 87,900 28,44o 37,0al 14,1.00 79,380 79,380 ll6,4oo 93,lKlo 26,86o 39,21!o 15,84o 66,360 66,360 105,6oo 82,2JO 37,1l!o 34,aJO 15,000 65,8aJ 65,8al lOO,Oa:> 80,8ro 35,2flo 25,560 18,66o 63,960 63,960 89, 5al 82,62) 35,880 13,9al 22,140 80,4oo 80,4oo 94,3al 102,540 35,2flo 14,880 26,8a> 75,84o 75,840 90, 7al 102,66o 44,100 18,300 22,63> 52,560 52,560 70,86o 75,l.8o 51,540 al,9l!o 18,7al 47,940 47,940 68,880 66,66o 43,68o a>,340 16,68o 46,980 46,980 67,3aJ 63,66o 39,480 19,140 23, 5al 42,960 42,960 62,100 66,480 38,580 24,18o 42,720 29,220 29,220 53,4oo 71,940 34,o80

--62,437

-----------

--~

-_88_.3~:1 78,;;-30,225 20,207 58,108 33,682

BOYllEAN OIL (In thouoando of pow>ds) ----·------

'Kl,4ro 53,8al 27,2l!o 115,9al 11 54,2l!o l!9,6ro 14,580 106,oro 10 52,3al 77,3l!o u,o4o ll3,880 47,940 72,6oo 15,2l!o 114,36o 11 47 ,2flo 70,800 14,9l!o uo, 76o 37,560 8l,7aJ 16,500 lll,6oo

'"' 143,J.6o 50,64o J.2),6oo 69,300 124,9al 50,220 129,6oo 63,lKlo 125,700 79,800

ro 128,100 78,].2)

5,9al 169,7 6,oro 155,64o

ll3,880 191,220 4,360 166,960

U0,76o 181,560 lll,6oo 193,3

44,220 92,46o a>,580 97,9al 50,8ro 99,000 18,300 U8,3al 59,5al l26,7aJ 34,980 115,7l!o 11

118,500 TI, 76o ro l36,6ro 80,8ro

150,7al 82,02>

97,9al 190,380 U8,3al 217,3

5,7l!o 242,46o 77,16o 129,o6o 53,46o lll,36o lll,360 240,4 ro 164,8ro 67,3a>

102,5l!o 117,540 64,3al 98,940 lO-l,~ TI,8ro 69,6oo 92,82) 9 92,2flo 109,560 56,J.6o 104,880 10 87,780 103,6al 52,80o 94,980 9

102,43> 99,].2) 55,140 87,000 8 100,980 96,84o 55,4l!o 66,J.6o

163,26o 128,64o 162,42> 122,100 161,040 109,1l!o 147,780 105,480 142,ll!o l33,1l!o 141,6oo 122,340

98,9l!o 216,480 2,820 170 ,64o 4,880 214,4l!o 4,980 198,6oo 7 ,ooo 186,l.a>

66' J.6o 18 3' 000 96,66o 42,780 43,4l!o 67,86o 6 89,9l!o 21,360 49,560 57,84o 5 92,220 33,2l!o 47,700 51,000 5 71,76o 26,880 67,7l!o 37,86o 3 84,84o 21,84o 74,220 29,6l!o 85,86o 33,2lio 61,020 38,880 91,aJO 37,26o 49,4l!o 44,9l!o 81,780 76,68o 35,76o 42,700 4

75,032 72,955 42,050 85,475 8 ---------~ ~--- --

lll,300 109,1l!o 107,4oo ll0,700

'"' 98,700 1.00,140

'"' 105,6oo 92,580 103,86o 94,o80 99,900 83,76o 94,380 8l,84o 78,480 59,82)

--------. 30 127,525 89,682

7 ,86o ll0,64o 7,84o 79,aJO l,(X)() 84,2 7,86o 64,7

29,6l!o 51,480

~:_r--'-~-+--11-'~~_::~ J 5,475 158,4

~-·---r~r~ 1,862 1.,G10 2,68G 2,456 1,715 3,310 2, 729 2,01.6 3, 509 2,999 2,139 3, m 3,350 2,2CD 4,215 3,423 _ 2,245 I 4,312 3,334 2,107 4,aJ7 2, 790 i l,C87 3,Eo4 2,521 ! 1,366 3,133 2,639 I 1,477 I 3, 546 2,524 , 1,68o I 3,826 2,326 I 1,6'Kl 3,674 1, 746 1,399 ' 2,951 1,346 1,24o 2,158

964 : 69o 1,a7o 6o5 I 4a> 882 318 I 238 324

357 I 161 358 580 155 584 750 251 888 917 337 1,033

1,009 321 1,100 1,170 lKl8 1,?/)6 1,349 526 1,507 ------t-----

1,836 1,173 2,448

---- -·---- -----~

90,960 93,].2) 155,5al 75,4al 80,8ro 130,86o 78,2l!o 104,700 158,J.6o 76,380 116,76o J.6o,980 76,56o 109,800 151,560 91,6a::> lll,4ro 165,840 93,6oo 119,3l!o 169,4l!o

107,8ro 136,380 187,9al 12'l, 780 153,lKlo 218,64o ]J8,4ro 132, 78o a:>2,68o l34,64o 151,o80 a:>8,9a:> 125,.100 133,560 211,4l!o l33,6al 142,o80 221.,53> 145,380 145,26o 238,86o 138,000 142,7l!o 220,aJO 132,000 135,300 212,800 119,580 125,4oo a:>2,3X> l07,9l!o 129,6oo 2l.O ,JKlo 105,960 134,8ro ro8,6ro

99,960 122,4oo 175,1W 92,100 112,56o 158, 76o 97,86o l06,80o lhl. 5al

101,700 l00,68o J.68,18o 98,220 87,480 170,J.6o

--·-·-----107,953 122,015 1.86,268

----157,68o 220,380 300,84o 173,3l!o 224,9l!o 293,940 191,9l!o 241,4l!o 316,86o 195,84o 250,4l!o 325,4l!o a::a,J.8o 261,36o 326,880 2}4,6oo 271,4l!o 362,700 269,J.6o 268,ll!o 387,66o 302,J.6o 298,ll!o 438,780 298,980 324,480 449,700 290,9l!o 307,7l!o 455,76o 264,5al 345,lal 447,780 233,880 292,740 396,300 251,700 323,580 412,711() 249,84o 304,o80 397,6al 238,111() 3l9,26o 380,2flo 217,111() 305,3l!o 358,7l!o 195,300 219,780 ?f)6,6oo J.69,68o 189,900 m,oao 156,18o 184,380 254,880 ]J8,o6o 157 ,3al 243,66o 112,7l!o 145,56o 216,6oo 123,5l!o 155,880 223,4l!o l32,o6o J.64,o4o 226,4l!o 162,900 179,220 241,380

~--

aJ7,563 248,112 335,o88

64 COM!flDI'l'X FU'I'URES

Tnblc 1.3.--Long lllld short conrnltmento of rep>rtins and nonrcporting tradoro on all. contro.ct marketo combined, aamimonthly, July 1956 to .rune 1957--Continued

-----·--------- ---- ------Jul.y 15 119,9Go

31 113,080 Auguot 15 ll3,1~

31 106,3Go September 15 96,320

ao,aoo 19,520 78,8oo 16,520 72,56o 21, 72:> "(0,56o 17,24o 58,320 22,08o

30 97,48o 54,44o 21,6&l October 15 91,1~

31 90,8oo November 15 67, 76o

49, 76o 20,24o 43,76o 15,720 27,4oo 21,3'20

30 .3) 72,4oo December 15 66,1U>O

31,920 30,200 35,080 31,64o

31 65,8oo 38, 76o 29,120 Ja.nuar.:r 15 G6,o4o

31 63,920 Feb:rue.rJ 15 68,8110

28 68,2&l

36,o4o 31,520 38,9Go 28,56o 4o,520 35,96o 38,8oo 36, 76o

rmch 15 59,92:> 37,6&l 37,too 31 59,lto 1~:2,280 37,84o

April 15 w,oeo 44,920 4o,520 30 64,280

May 15 62,320 37,64o 28, 76o 34,520 33,8oo

31 70,320 45,320 36,28o June 15 76,920 51,96o 43,200

30 92,48o 51,1.00 41,080

Average &l,105 47,613 29,153

-------------- ------------August 15 y 1~,200 2,700 l,l.4o

31 4,260 3,000 1,3&> September 15 2,700 2,700 2,700

30 2,64o 2,61K) 2,64o October 15 1,98o 1,9&l 1,9&l

31 1,9&l 1,9&> 1,9&l November 15 1,74o 1,74o 1,74o

30}/ 1,74o 1,74o 1,74o December 15 1,5Go 1,56o 1,56o

31 1,32J 1,32J 1,300 Jamwry 15 1,3&> 1,3&> 1,3&>

31 1,3a::> l,32J 1,32'> Febru.a..r.r 15 1,260 1,260 1,260

28 1,200 1,200 1,200 March 15 1,200 1,200 1,200

31 1,200 1,200 1,200 April 15 1 102:) 1 102'> 1,000

30 1,oro 1,020 1,020 /-By 15 1,000 1,020 1,020

31 7&l 7&l 7&l June 15 1,oro 1,000 1,oro

30 900 900 900

Average l, 702 1,576 1,432 -'---

------ ~-----,----------

Jul.y 15 2,l6o 2,l6o 2,l6o 31 2,28o 2,28o 2,28o

August 15 1,8oo 1,8oo 1,8oo 31 1,200 1,200 1,200

September 15 1,050 1,050 1,050 30 96o 96o 96o

October 15 1,44o 1,4lJO 1,44o 31 1,680 1,6&l 1,6&l

November 15 l,7lJJ 1,710 1,710 30 1,44o 1,44o 1,ll4o

December 15 2,220 2,220 2,220 31 1,900 l 1 9ID l,9a:>

J..,.,..,..J 15 2,l6o 2,l6o 720 31 1,920 1 19ID 48o

February 15 1,6&l 1,6&l 48o 28 1,44o 1,44o 1,44o

March 15 1,200 1,200 1,200 31 too too too

April 15 120 120 120 30 0 0 0 ,.,. 15 0 0 0 31 0 0 0

June 15 96o 96o 96o 30 1,6&l 36o l,6&l

Average 1,318 1,263 1,148

LARD (In thauo!lllda or poundo) --------- -------- ---··

28,000 5,56o 9,76o 9,76o 37, 76o 25,9Go ll,lCo 8,320 8,320 Jl~,a9o 35,320 16,56o ,,320 1,;~~ 4o,64o 20,720 13,84o 1 ,24o 34,96o 21,24<> 9,76o 15,000 15,000 36,2110 20,240 11,92:1 22,28o 22,28o 42,520 17,56o 12,040 23,64o 23,64o 41,200 17, 73l 22,720 22,96o 22,96o 4o,6&l 22,64o 7,120 10, 76o 10, 76o 33,4oo 24,000 4,4oo 15,080 15,080 39,080 14,24o 5,9<0 14,64o 14,64o 28,080 14, 5&::> 10,48o 10,120 10,120 24,6&l 18,6&l 10,120 7,04o 7,04o 25,720 18,720 9,120 2,76o 2,76o 21,48o 21,120 8,000 J~,o110 4,o4o 25,16o 24, 76o 6,080 2,48o 2,48o 27,24o 16,96o 6,28o 2,56o 2,56o 19,520

6,6&l 6,080 5,080 5,080 12,56o 11,16o 7,48o 7,4oo 7,4oo 18,56o l0,8110 15,28o 8,44o 8,44o 19,28o 15,320 17,96o 6,24o 6,24o 21,56o 10, 76o a::>,52J 5,720 5,720 16,48o 10,04o 21,16o 4,6&l 4,6&l 14,720 18,4oo 24,84o 9,24o 9,24o 27,64o

18,568 11,917

TALIJ:M (In thaua!lllda or pounds) -- --~~

0 54o 1,500 1,500 1,500 0 54o 1,260 1,260 1,260 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

---- --0

BRAl'l (In tons)

----15, 19, 21, 28, 24, 34, 35, 45, 17, 20, 20, 20, 17, 11, 12, 9, 8,

12, 14, 23, 24, 26, 25, 34,

21,

320 48o 080 080 7Go 200 680 680 080 28o 56o too l6o 080 o4o 36o 84o 76o 080 720 200 24o 84o 080 --892 --

2 ,o4o 1 ,aoo

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -

175 -

------·- ~--

1,4oo 85,120 aoo 77,080 200 69,8oo 84o 61,04o

1,76o 49,48o 520 1~1,600 114o 35,48o

6,36o 29,4oo 6,96o 28,56o

too 2l,92.J 1,64o 14,200 2,36o 16,080 4,28o 17,36o 3,48o 23,48o 3,l6o 20,84o 2,240 22,l6o 2,700 13,48o 1~,320 8,56o 1~,600 12,6&l 7,36o 11,aoo 6,211() 4,320 8,520 7,8oo

1D,24o 7,080 13,720 16,520

3,949 29,06o

0 l,Oa:> 0 1,08o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0- 0 0 0 0 0 0 0 0 0

-~-----··-- --~------

0 95 -----

-------- ,-----~--- ----- ----,----- ,-----~--.

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 1,44o 0 0 0 0 1,44o

0 0 0 0 0 0 0 1,200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,320 0

0 0 0 0 0 0 55 170 ----

39,l6o 100,44o 35,08o 97,36o 110,84o 91,6&> 35,8oo 89,13l 38,000 74,24o 43,0110 75,800 41,64o 71,16o 47,04o . 75,0/lo 4o,36o 46,1!l!o 4o,48o 42,2l0 30,520 34,76o 27,04o 36,6&> 30,000 34,500 24,96o 35,36o 28,320 32,86o 29,48o 31,500 22,24o 22,300 16,080 21,300 23,l6o 27 ,56o 26,64o 35,500 27,8oo 28,500 25,000 34,o4o 24,96o 33,700 41,36o 50,6o0

32,492 50,952

1,500 3,06o 1,260 2,86o

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

126 270

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,4110 0 1,4110 0 1,a:>O 0 0

0 0 0 0 0 0 0 0 0 0

0 0

0 0

1,320 0

55 170

--

COIM>DITY FU'ruRES 65 Table 18.--Long ADd abort COIIDitmenta ot reporting and nom"e];)Orting traders on all contract mBI"keta combined, aemimonthly, JuJ.y 1.956 to June l957--Cont1uu.ed

-

~1Dg(lllll8ll.) Reporting (J.a.rse) traders

traders' speculative Specul.ative ----Total open ODd hedging

Dow contract• O<JIIIII1-nto y Long or Long ODd short short onl,y (Bprea41ng)

Long I &crt Long J 8bort Long l &crt Long

-

Blllll'r8 (In tona) ----JUly 15 700 700 700 0 0 0 0 0 0 0 0 0 0

31 1,o8o 1,o8o 1,o8o 0 0 0 0 0 0 0 0 0 0

Auguot 15 1,o8o 1,o8o 1,o8o 0 0 0 0 0 0 0 0 0 0

31 1,o8o 1,o8o 1,o8o 0 0 0 0 0 0 0 0 0 0

Septomber 15 1,:g 1,000 1,000 0 0 0 0 0 0 0 0 0 0

30 Silo Silo 0 0 0 0 0 0 0 0 0 0

october 15 360 360 360 0 0 0 0 0 0 0 0 0 0

31 360 360 360 0 0 0 0 0 0 0 0 0 0

llovomber 15 360 360 360 0 0 0 0 0 0 0 0 0 0

30 24o 24o 20o 0 0 0 0 0 0 0 0 0 0

Do comber 15 l.8o l.8o l.8o 0 0 0 0 0 0 0 0 0 0

31 100 100 100 0 0 0 0 0 0 0 0 0 0

JllllWll')' 15 100 100 100 0 0 0 0 0 0 0 0 0 0

31 24o 24o 24o 0 0 0 0 0 0 0 0 0 0

FebruerY 15 100 100 100 0 0 0 0 0 0 0 0 0 0

26 360 360 360 0 0 0 0 0 0 0 0 0 0

Horch 15 510 510 510 0 0 0 0 0 0 0 0 0 0

31 360 360 360 0 0 0 0 0 0 0 0 0 0

AprU 15 24o 20o 24o 0 0 0 0 0 0 0 0 0 0

30 24o 20o 24o 0 0 0 0 0 0 0 0 0 0

I~ 15 300 300 300 0 0 0 0 0 0 0 0 0 0

31 100 100 100 0 0 0 0 0 0 0 0 0 0 June 15 24o 20o 24o 0 0 0 0 0 0 0 0 0 0

30 24o 100 24o 0 0 0 0 0 0 100 0 100 0 -- --~~ ----- ------

Averii(!O 4116 441 4116 0 0 0 0 0 0 5 0 5 0 ~----

IIIDilLiliOB (In tons) -------- ~----- ~------- ----r-----

July 15 1,26o 1,26o 1,26o 0 0 0 0 0 0 0 0 0 0 31 1,155 1,155 1,155 0 0 0 0 0 0 0 0 0 0

Auguet 15 1,785 1,785 1,'785 0 0 0 0 0 0 0 0 0 0

31 1,995 1,995 1,995 0 0 0 0 0 0 0 0 0 0 Soptealber15 1,155 1,155 1,155 0 0 0 0 0 0 0 0 0 0

30 525 525 525 0 0 0 0 0 0 0 0 0 0 October 15 525 525 525 0 0 0 0 0 0 0 0 0 0

31 525 525 525 0 0 0 0 0 0 0 0 0 0 Novombor 15 525 525 525 0 0 0 0 0 0 0 0 0 0

30 630 630 630 0 0 0 0 0 0 0 0 0 0 Doceml>er 15 630 630 630 0 0 0 0 0 0 0 0 0 0

31 630 630 630 0 0 0 0 0 0 0 0 0 0 JIIDUilry 15 105 105 105 0 0 0 0 0 0 0 0 0 0

31 105 105 105 0 0 0 0 0 0 0 0 0 0 February 15 105 105 105 0 0 0 0 0 0 0 0 0 0

28 315 315 315 0 0 0 0 0 0 0 0 0 0 March 15 945 945 945 0 0 0 0 0 0 0 0 0 0

31 735 735 735 0 0 0 0 0 0 0 0 0 0 April 15 735 735 735 0 0 0 0 0 0 0 0 0 0

30 735 735 735 0 0 0 0 0 0 0 0 0 0 lti.Y 15 525 525 525 0 0 0 0 0 0 0 0 0 0

31 105 105 105 0 0 0 0 0 0 0 0 0 0 Juno 15 400 400 400 0 0 0 0 0 0 0 0 0 0

30 945 Silo 735 0 0 0 0 0 0 105 210 105 210

Averap 713 709 704 0 0 0 0 0 0 4 9 4 9 - -'------ ---'--------- '---- ---- ------ ----- ~-----

OO'l"l"QNSIIED M1AL (In tone) ·- -------·-

October

April

Juno

15 11,300 9,400 10,000 800 0 31 10,700 8,800 7,100 100 0 15 10,000 8,300 5,700 0 000 31 11,600 9,100 6,800 600 0

er 15 13,800 9,300 1·500 500 0 30 16,700 9,700 ,900 0 0 15 19,100 11,400 7,900 0 0 31 16,500 11,000 11,000 2,000 0 15 16,600 12,000 9,600 0 0 30 15,300 11,500 9,800 0 0

r 15 15,500 11,100 10,000 0 0 31 9,600 9,600 5,100 0 0 15 7,400 7,400 7,400 0 0 31 7,800 ~,ooo 5,500 0 2,000 15 10,500 ,100 5,500 0 0 28 13,700 4,900 6,300 0 0 15 13,000 5,500 3,000 0 0 31 13,600 6,000 3,000 0 0 15 13,300 5,500 2,600 0 0 30 12,400 6,800 3,600 0 0 15 6,400 8,400 4,000 0 0 31 9,600 9,600 4,100 0 0 15 10,600 7,600 3,400 0 0 30 11,400 6,100 4,300 0 0

1,100 1,100 1,900 1,100 0 0 1,900 1,100 1,800 1,800 1,900 1,800 0 1,800 1,900 3,600 1,700 1,700 1,700 1,900 0 2,400 1,700 4,300 1,900 1,900 2,500 1,900 0 2,900 2,500 4,800 1,800 1,800 2,300 1,800 2,000 5,500 4,500 7,300

0 0 0 0 7,000 11,800 7,000 11,800 0 0 0 0 7,700 11,000 7,700 11,000

700 700 2,700 700 2,800 4,800 5,500 5,500 1,700 1,700 1,700 1,700 2,900 5,300 4,600 7,000

0 0 0 0 3,800 5,500 3,800 5,500 0 0 0 0 4,400 5,300 4,400 5,300 0 0 0 0 0 4,500 0 4,500 0 0 0 0 0 0 0 0 0 0 0 2,000 2,800 300 2,800 2,300 0 0 0 0 6,400 5,000 6,400 5,000 0 0 0 0 8,800 7,400 6,800 7,400 0 0 0 0 7,700 10,000 7,700 10,000 0 0 0 0 7,600 10,600 7,600 10,600 0 0 0 0 7,800 10,700 7,800 10,700 0 0 0 0 3,600 6,800 3,600 8,800 0 0 0 0 0 4,400 0 4,400 0 0 0 0 0 5,500 0 5,500 0 0 0 0 3,000 7,000 3,000 7,000 0 0 0 0 3,300 7,100 3,300 7,100

Averaao -- 12,442 6,421 6,146 167 92 4116 4116 613 536 3,4o8 5,756 4,o2l. 6,296 ~----------

66 COM!tlDITY F'U'l'URE9

Table 18.--Long and ohort commitmento of reporting o.od. nonreporting traders on o.ll contract mo.rk.eto combined, oemimonthly, July ~956 to JUne 1957--Contim.tca

Dote

----~-

Total. open contractu

SOYBEAN MEAL (In tons) ----- ------ ----------.---~- ----~--~----. --------- .----·

July 15 m,500 88,4oo 41,700 70,500 47,aJO 47,8oo •q,aoo ll8,300 31 274,500 74,8oo 45,000 411,500 52,8oo 411,100 411,100 88,6oo

Auguot 15 253,8oo 63,500 411,500 48,4oo 50,000 39,4oo 39,4oo 87,8oo 31 243,500 52,900 45,100 38,aJO 59,100 37,aJO 37,aJO 75,4oo

s..j)tembcr 15 286,300 46,100 45,700 66,900 66,900 28,500 28,500 95,4oo 30 310,8oo 49,300 45,700 43,4oo 4o, 700 33,900 33,900 T/,300

October 15 357,aJO 74,900 37,500 54,300 38,300 ~,700 ~,700 84,000 31 4111,6oo 90,700 44,1~ 92,200 12,aJO 34,4oo 34,4oo l26,6oo

November 15 475,6oo 88,4oo 54,100 U9,8oo 16,4oo 4o,100 4o,100 159,900 30 491,700 98,4oo 53,700 l21,4oo 18,100 4o,6oo 4o,6oo 162,000

De .-e. 15 4119,500 104,300 49,500 lll,6oo 15,100 36,4oo 36,4oo 148,000 31 422,500 98,900 46,4oo 1.04,1.00 4,000 36,500 36,500 14o,6oo

JtlllUJlrY 15 391,= 95,8oo 48,900 116,500 1,300 31,4oo 31,4oo 147,900 31 434,aJO 125,100 74,6oo 141,6oo 12,100 20,8oo 20,8oo l62,4oo

Februn.ry 15 427,300 124,000 63,700 152,2)0 21,000 21,6oo 21,6oo 173,8oo 28 388,900 lll,OOO 57,6oo 153,900 19,8oo 30,500 30,500 184,4oo

March 15 354,300 107,6oo 70,500 14o,300 ~,6oo ~,aoo ~.aoo 170,1.00 31 325,700 91,700 67,4oo 121,500 32,a:x> 28,300 28,300 149,8oo

April 15 316,500 83,700 55,700 lD1,4oo 36,900 30,300 30,300 131((00 30 288,700 70,l.OO 54,700 85,4oo 45,4oo 28,900 28,900 u4,300

~y 15 268,900 64,6oo 54,8oo 103,6oo 65,aJO 10,8oo 10,8oo U4,4oo 31 265,500 68,500 60,100 86,8oo 52,300 21,700 21,700 108,500

June 15 262,700 61,900 49,300 57,500 51,6oo 37,6oo 37,6oo 95,100 30 255,700 61,300 42,700 54,aJO 4o,ooo 37,300 37,300 91,500

Averae;e 345,171 83,163 52,221 92,925 34,521 32,4oo 32,4oo 125,325

ij Reporting tradero are peroono subject to reportlne requ.i.remento under the Cormnodity Elcchange Act. gj Dc:ri ved by GUbtracting reporting tradl!ro 1 commitments f'rom total open contracts.

95,000 96,900 89,4oo 96,300 95,4oo 74,6oo 68,000 46,6oo 56,500 58,700 51,500 4o,500 32,700 33,aJO 42,6oo 50,300 59,4oo 60,500 67,= 74,300 76,000 74,000 89,aJO T/,300

66,921

90,8oo l6o,8oo 009,100 lll,100 132,6oo 199,700 102,500 U9,900 190,300 115,200 102,1.00 190,6oo 1411,8oo 145,aJO 24o,aJO 184,a>O 190,500 261,500 198,300 251,700 282,300 224,3'X> 350,6oo 350,900 227,300 365,000 387,aJO 231,300 379,300 393,300 197,aJO 348,500 345,aJO l.83,000 335,6oo 323,6oo 147,500 309,6oo ~5,4oo 146,700 326,4oo 309,100 ~.500 321,000 303,300 93,500 281,000 2T/,900 76,6oo 224,4oo 246,700 84,aJO 197,8oo 234,000

1.01,1.00 193,6oo 232,8oo 104,300 159,700 2l.8,6oo 89,900 138,100 204,300 88,500 lll,4oo 197,000

105,700 124,= aJ0,8oo 102,900 135,700 194,4oo

136,683 226,0~ 262,oo8

~On november 21•, 1956, reporting requiremento on cottonsacd oil £Lnd soybaWl oll cho.nged trom 900,000 poundo to 1 1 500 1000 powlda; on lord CUld tal.J.ov from C.OO,ooo pounda to 1,000,000 poundo.

'1J 'l'radlng re&wned AU(..'twt ~~ 1956. (Dlacontlnued June 5, 1941.)

NCYrE: llo tro.derz in re-portlne: atatuo in butter dur lng the yeex 1 JuJ.y 195G to Ju.nc 1957.

255,8oo 229,500 009,300 19B,4oo 24o,6oo 265,100 319,700 397,aJo 421,500 438,000 4oo,ooo 376,100 342,300 359,6oo 363,6oo 331,300 283,8oo 258,300 260,8oo 234,000 214,100 205,4oo 213,4oo 213,000

~2,950

COI~«JDI'l"f !"UWRES

'l'a.bla 19.~~AnrruaJ.. o.verl.l.go of midtnonth and month-ond. long ond ahort comrn11:.mento or reporting and. nonreportlng tro4ero1 exprocoed u.o percentage of totlll oyJCn contracto, on ull contract mt.u'keto combined 1 1947-48 to 19%·57

--------)=-~ tca.r contracts

----- _______ ~~~L_a~or:_, 'AIIEAT

~---- -----··-r -----·-- --------19'17-li!l 100.0 9·9 2.5 !7·9 17.9 <f7.iJ 20.4 2J..7 4o.9 l,'j.)

1;148~1~9 100.0 8.1 y.4 17.4 17.4 25·5 24.8 30-9 35.8 56.4 1~119-50 100.0 lfu,8 IJl.l. 16.5 3.1 15.9 15·9 32.1• 19.0 20.8 39·9 53.2 19i0-51 100.0 118.9 27·5 ll.9 3·0 18.3 10.3 30.2 2J..3 20.9 51.2 51.1 l;J51-52 100.0 48.2 27·5 13.2 4.1 19-·~ 19.6 32.8 23-7 19.0 48.8 51.8 1952-53 100.0 46.7 24.3 12.8 3.1 2J..O 2J.,O 33.8 24.1 19.5 51.6 53·3 1953-511 100.0 53.6 . 31.5 12.7 3-0 2J..8 2J..8 34.5 24.8 11.9 43.7 46.4 VJ5'1-55 100.0 48.4 37·5 14.4 4.0 2J..8 21.8 36.2 25.8 15.4 36.7 51.6 lY55-5G 100.0 44.7 39.0 9·0 4.2 22.5 22.5 31·5 26.7 23.8 34.3 55·3 1?5G-57 100.0 49.5 2fJ.y y.6 5.2 3),1, 20.4 2fJ.o 25.6 22.5 45.7 50·5

67

61.3 6o.& 58·9 72-5 72.5 -15·7 68.5 62.5 61.0 71.3

~' J ~l -- ---- -~~ --- -·-------------

CORN -.8 .3 .6

19'17-48 100.0 54.3 56.6 10.2 3·5 20 1948-49 100.0 6o.o 46.5 13.3 4.7 16 19'19-50 100.0 58.5 38.0 15.3 6.3 16

.2 ·5

1950-51 100.0 52.4 31·9 20.9 6.6 15 1951-52 100.0 57.6 36.6 16.5 6.6 16

·9 .2 ·3

1952-53 100.0 57.2 36.7 15.3 8.9 14 1953-511 100.0 47.2 38.1 21.7 4.1 21 1954-55 100.0 50.9 2iJ.Ii 18.5 5·3 11 1955-56 100.0 57.2 31.6 19.7 5-1 15 .5 1956-57 100.0 53·7 30·3 16.2 5.6 13 ·9

OATS --,--·-

1947-48 100.0 65.3 46.9 lO.l 5.3 19-3 1948-49 100.0 75.6 46.8 3·7 6.1 16.9 1949-50 100.0 71.4 4o.8 14.8 3.8 10.8 1950-51 100.0 10·9 35.0 11.3 4.9 l5.2 1951-52 100.0 75.8 30.2 9·4 3·7 13.4 1952-53 100.0 76.8 26.2 9·0 2.1 12.9 1953-54 100.0 71.7 31·5 12.2 3.1 14.6 1954-55 100.0 66.7 49.7 10.2 4.8 10.8 1955-56 100.0 75.6 31.8 u.4 4.2 9.1 1956-57 100.0 73-7 29·0 13.5 5.6 10.8

R'tE

1947-48 100.0 84.4 54.8 2.1 0 0 1948-49 100.0 84.8 61.1 6.1 3.0 5·7 1949-50 100.0 84.4 :J4.6 3·7 3.5 U.1 1950-51 100.0 82.7 42.9 5-7 4.5 10.0 1951-52 100.0 74.9 57·0 9·1 6.7 12.8 1952·53 100.0 81.8 46.0 4.5 5·6 13.2 1953-54 100.0 81.3 30·8 3.4 4.0 14.9 1954-55 100.0 81.0 42.5 3.6 4.5 15.3 1955-56 100.0 82.8 6o.1 5-5 5.2 10.5 1956-57 100.0 77·8 58.4 6.3 3·7 15.2

1950-51 100.0 97·6 94.8 0 0 0 1951-52 100.0 92.9 48.5 2.0 0 0 1952-53 100.0 73·9 48.2 6.5 8.7 {3) 1953-54 100.0 6o.1 76.4 U.5 9.1 0 1954-55 100.0 99·8 90·1 0 1.1 0 1955-56 100.0 70.8 62.7 10.5 ·3 0 1956-57 100.0 95.1 95·6 4.9 0 0

-. ---·- 90Yl!EAII8

1947-48 100.0 49-7 72.8 0.9 0 0.1 1948-49 100.0 56.3 71.4 8.4 3.4 8.2 1949-50 100.0 58.0 46.7 U.2 2.0 19.2 1950-51 100.0 53·7 59·2 7.1 4.6 21.9 1951-52 100.0 58.1 52.8 8.2 8.7 17.8 1952-53 100.0 57.0 56.2 9.3 3.2 18.9 1953-54 100.0 52.9 44.7 u.o 4.3 25.6 1954-55 100,0 51.2 49.8 7.2 8-7 21·8 1955-56 100.0 52.1 41.7 8.9 4.7 23.3 1956-57 100.0 53.5 45.5 4.9 9.2 25.6

20.8 16.3 16.6 15.2 16.5 14.9 21.2 11·3 15.5 13.9

19.3 20.4 12.9 21.4 19.5 20.4 10.5 12.2 9·1

12.2

0 8.2

17.1 13.1 14.1 21.2 17.2 16.0 u.6 17.7

0 0 4.3 0 0 0 0

0.1 8.2

19.2 21-9 17.8 18.9 25-6 <f7.8 23·3 25·6

31-0 29·6 31.9 36.1 33.0 30.2 42.9 35.8 35.2 30.1

29·4 20.6 25.6 26.5 22.8 21.9 26.8 29.0 20.5 24.3

2.1 u.s 14.8 15.7 22.5 17.7 10.3 10.9 16.0 21.5

0 2.0 6.5

U.5 0

10.5 4.9

1.0 16.6 )0.4 29·0 26.0 26.2 36.6 35.0 32.2 30·5

24.3 14.7 2J.,O 10.4 22.9 9.6 21.8 11.5 23.1 9.4 23.8 12.6 25.3 9·9 22.6 7·3 20.6 y.6 19.5 16.2

~--~·

4.6 2 26 16 26 2 22 21 1 1 1

.5 ·1 ·3

3.2 ·5 .6

7.0 3.3 7·8

0 U.2 20.6 17.6 20.8 26.8 2J..2 20.5 16.8 21.4

0 0

13.0 9.1 1.1

-3 0

0.1 U.6 21.2 26.5 26.5 22.1 29·9 36.5 26.0 34.8

5·3 3.8 3.0 2.6 1.4 1.3 1.5 4.3 3·9 2.0

13.5 3.4

.8 1.6 2.6

·5 .4 .1

1.2 ·1

2.4 5.1

19.6 26.4

.2 18.7 0

49·3 <r/.1 u.6 17.3 15-9 14.8 10.5 13.8 15.7 16.o

--,----19.1 45.7 43.4 32.5 4o.o 53·5 39.1 41.5 62.0 46.3 47.6 68.1 4o.3 42.4 63.4 39·5 42.8 63.3 36.6 52.8 61.9 49.0 43.1 71.6 47.8 42.8 68.4 50.2 46.3 69.7

2fJ.5 34.7 53·1 26.7 24.4 53-2 42.5 2fJ.6 59·2 38.7 29.1 65.0 46.6 24.2 69.8 51.3 23.2 73·8 46.9 2fJ.3 68.5 33·3 33·3 50·3 54.9 24.4 68.2 53.2 26.3 71.0

45.2 15.6 45.2 <r/.7 15.2 38.9 44.8 15.6 65.4 39·5 17.3 57·1 22.2 25.1 43.0 <r/.2 10.2 j4.0 48.0 18.7 69.2 37.0 19-0 57·5 23.1 17.2 39·9 20.2 22.2 41.6

5·2 2.4 5.2 51.5 1·1 51·5 38.8 26.1 51.8 14.5 39·9 23·6 8.2 .2 9·3

37·0 29.2 37·3 4.4 4.9 4.4

<ti-l 50.3 <f7.2 17-0 43.7 26.6 32.1 42.0 53·3 14.3 46.3 4o.8 20.7 41.9 47.2 21.7 43.0 43.8 25.4 47.1 55·3 13-7 48.8 50·2 30.3 47·9 58·3 19.7 46.5 54.5

68 OOMI>DDITY F1111JRES

Table 19.--Annu.o.l average of :nidmonth ond month-end l.ong and ohort commitments ot reporting end nonreporting tradera, expressed ae percentage of total open contracts, on all contract markets combined, 1947-.48 to 1956-57--Continu.ed

-------,------,------------~---------------------------------------------------------

Nonreportins (......u) I-------------R--=epo_r:t_1~~~0r~...._:_..""lllili~-ts-r!/~re--'po'--rte-d_aa_: ----,-------­traders• speculative Speculative

wmhedgins 1-----------,--------.-------~ Hodgins Total Year commitments gj long or Long and short Total

____ __l ____ ;_ -_ --Lo~ns~~~: ~~~~Sh~o~r-t:_ --j;_ ----Lo~:~o~r_t_ ·-'ol_nl,y __ -_--=-~------'-·--_-Lo_-_:_-_~_ri_-1_: __ )_or_~_-__.._--_Lo __ -ns_-_-_---...~ r· _-_Sh_o_rt _ __J -,_-_-Lo_-_ns_-_--_T_,__--_-Bh_o;_t--_ _!!__Lo_ns _ __..I __ Bh_o_rt_

Tote.l. open contracts

1950-51 1951-52 1952-53 1953-54 1956-57

1~47-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

1954-55 1955-56 1956-57

1947..loa 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

lOO,O 63.3 lOO.O 39.0 lOO.O 50.0 lOO.O 66.7 lOO.O lOO.O

lOO.O 59·7 lOO.O 54.4 lOO.O 55.4 lOO.O 48.4 lOO.O 53·9 lOO.O 62.6 lOO.O 6o.2 lOO.O 59.8 lOO.O 54.3 lOO.O 45.4

lOO.O 59·0 lOO.O 6o.7 lOO,O 72.5 lOO.O 88.1 lOO,O 68.7 lOO,O 53-7 lOO.O 49.2 lOO.O 59-2 lOO.O 72.2 lOO.O 74.4

lOO.O 59·3 lOO.O 63.2 lOO.O 86.8 lOO.O · 83.0 lOO.O 69.6 lOO.O 64.6

--------·

lOO.O 76.3 lOO.O 67.2 lOO,O 62.8 lOO,O 64.3 lOO.O 76.3 lOO.O 74.3 lOO.O 75.1 lOO.O 76.4 lOO.O 71.9 lOO.O 75·7

lOQ,O 49.4 lOO.O 64.6 lOO.O 70·3 lOO.O 84.6 lOO.O 63.1 lOO.O 6o.4 lOO.O 63.8 lOO,O 62.0 lOO.O 62.3 lOO.O 61.7

21·3 26. 20.5 213. 75·0 29·

lOO.O 0 78.3 0 ---~-

--------51.9 6.2 62.7 7.2 57.1 5·7 44.4 8.7 55.0 3.9 50.5 4.5 45.3 8.0 45.1 8.5 59.6 6.6 54.5 7.1

39-5 26.4 45.7 213.o 42.2 7·3 52.6 -7 31.2 7·5 2'/.6 8.1 29.4 6.6 26.0 10.7 30·3 4.5 213.4 4.6

58.3 10.2 45.5 4.4 34.8 9·7 53·7 8.5 30.0 13.0 29·0 6.9

-

53-7 10.5 51.1 15.1 49.6 l8.6 51.1 ll.2 54.8 ll.5 63.2 15.3 66.3 14.3 6o.6 12.4 65.3 17.5 57·5 ll.1

36.2 23.6 48.4 13.4 42.5 2.4 76.8 ·5 58.6 7·4 45.6 15.2 45.8 17.6 42.5 l4.1 37.1 2J..7 34.0 19.8

GRAIN SORGHUMS

4.7 4.7 1.0 1.0 0 0 0 0 0 0

-~------

OOT'.OON ------,-l.5 12.3 l2.3 2.0 13.8 13.8 1.7 15.1 15.1 2.8 14.7 l4.6 2.3 15.0 14.9 1.3 12.8 l2.8

·5 14.6 14.7 .6 ll.4 ll.8 ·5 8.6 8.7

1.0 12.6 l2.6

1/00L

WOOL TOPS

0 0.2 0.2 5.0 2.7 2.7 1.9 4.3 4.3 2.3 l.1 l.1

·3 5.8 5·8 .3 4.9 4.6 .1 9-7 9·7 .6 ll.9 ll.6

(3) 8.8 8.9 0 ·1 .6

BU'lTER

l.O 2.2 2.2 1.0 1.4 1.4 (3) .6 .6 -5 m p)

(3) 3) 2.6 5·9 5·9

4.0 6.6 6.6 9.1 3.2 3.2 4.8 6.3 6.3 3.8 13.8 13.8 5.3 6.4 6.4 5·9 9.6 9·6

15.4 9·7 9·7 13.5 10.8 10.8 9·4 9·8 9.8

14.9 ll.7 ll.7

POTAroES

6.2 4.1 4.1 1.8 4.0 4.0 1.5 4.4 4.4 4.7 8.5 8.5

14.9 6.7 6.7 14.4 ll.O ll.O 6.4 6.3 6.3

14.5 8.6 8.6 15.0 8.8 8.8 l8.2 6.8 6.8

--~----~-

31.2 .1 5·5 29.5 ·9 3L5 29.2 ·3 20.8 0 33.3 0 0

l8.5 13.8 2J..8 2J..O 15.8 24.6 20.8 l6.8 23.8 23.4 17.4 :!6.2 18.9 17.2 27·2 17.3 14.1 20.1 22.6 15.2 17.2 19.9 l2.4 20.3 15.2 9·2 30·5 19.7 13.6 34.9

26.6 0.2 14.4 30·7 1·1 8.6 ll.6 6.2 15.9 1.8 3.4 10.1

13.3 6.1 l8.o 13.0 4.9 33·3 16.3 9.8 34.5 22.6 l2.2 l8.2 13.3 8.9 14.5

5·3 .6 20.3

12.4 3.2 :!6.3 5.8 2.4 31.0

10.3 .6 2.9 8.5 ·5 8.5

13.0 (3) 17.1• 12.8 8.5 22.6

17.1 10.6 6.6 l8.3 12.3 14.5 24.9 ll.1 l2.3 25.0 17.6 10.7 17.9 ll.7 5.8 24.9 15.5 .8 24.0 25.1 ·9 23.2 24.3 .4 2'/.3 19.2 .8 22.8 26.6 L5

2'/.7 10.3 22.9 17.4 5.8 l8.o 6.8 5·9 22.9 9.0 13.2 6.4

14.1 2J..6 22.8 26.2 25.4 13.4 23.9 12.7 l2.3 22.7 23.1 15.3 30.5 23.8 7·2 26.6 25.0 ll.7

. ······- ----- ---------- ------

65.6 36.7 76.6 61.0 16.7 50.0 0 33·3

2J.,7 0

34.3 40.3 2J.,5 45.6 26.1 44.6 38.2 51.6 2'/.8 46.1 35·4 37.4 39·5 39·8 42.5 40.2 3L2 45.7 31.9 54.6

6o.3 41,0 46.6 39·3 51.6 21·5 44.0 ll.9 62.7 31.3 67 ·5 46.3 6o.8 50·8 61.8 40.8 6o.8 2'f.8 71.0 25.6

38.5 40.7 52.1 36.8 64.6 13.2 45.8 17.0 70.0 30.4 62.5 35.4

35·7 23.7 36.6 32.8 39·3 37·2 31.3 35·7 33.5 23·7 2J..3 25.7 8.6 24.9

15.1 23.6 15·5 :!6.1 15·9 24.3

53·5 50.6 45.8 35.4 51.6 29·7 10.0 15.4 19.8 36·9 29·0 39.6 41.5 36.2 34.4 38.o 39.1 37·7 41.0 38.3

7.2.7 79·5 25.0 0

21.7

48.1 37.3 42.9 55.6 45.0 49.5 54.7 54.9 40.4 45·5

50.1 52.2 48.6

6o.5 54.3 57.8 47.4 68.8 72.4 70.6 74.0 69.7 71.6

41.7 54·5 65.2 46.3 70.0 71.0

46.3 48.9 50·4 48.9 45.2 )6.8 33·7 39·4 34.7 42.5

63.8 51.6 57·5 23.2 41.4 54.4 54.2 57·5 62.9 66.0 -

Ye ar

COM>lODITY FU'l'URES

Table 19.--Annu.aJ. average ot midmonth and month-end long end short commitments o'f reporting and nonreporting troders, expressed as percentage ot total. open contracta, on oJ.J. contract markets combined, 1947-48 to 1956-57--Contiau.ed

Nonreporting (Bm8ll) Reporting (l.aree) traders• commitments !/ reported as: ·------~~---~~

traders• specul.ative SpeculAtive

~~~~a~run and hedging Hedging ~tments?/ Long or U>ng and short Total.

short on.t,y (Spreading)

Long J Short Long I Short ~~~~- Long -r---~ort Long -~t U>ng ---------·-··----·- -- L__

ONIONS

69

Tot&J.

I Short

~19~55~.56 I 100.0 lj(J.8 26.7 32.2 8.;;-T--;::J:;-!;::;~1--;~7-l-~:411.5 T- .46_~;1 51.2 73-3 1~:!!__J__100 __ .o _ _L__6_2._6 _ _,__21_.9 _ _L__2_5_.2 _ _L_ __ 9_·_:__j__,____9_.8 1 9.8 J 35.0 19~ 2.4 58.6 -'-'---3_7_.4 _ __,__7_8_.1 __

1947-48 1948-49 19'•9-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

19'•9-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

1947-48 l?'Kl-49 1949-50 1950-51 1951-52 1952-53 1953-54 1954-55 1955-56 1956-57

1955-56 1956-57

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

32.1 35-1 57-0 45-5 62.0 35.8 42.3 39-7 45.4 50-9

65.6 51.8 65.5 lj(J.5 46.4 26.2 32.9 39·5

10.8 58-9 66.3 6o.8 67-5 76-9 66.9 6o.4 67-7 59-5

24.7 25.6 46.3 34.o 54.6 55-9 51.3 50-6 82.1 95.8

30.2 31.9 47.0 39-0 52.1 35-5 70.8 34.6 91.7 98-9

a:>.8 18.4 24.4 17.2 17.8 22.1 26.7 23.0 18.0 18.9 18.5 26.5 19.8 21.2 13-7 25.6 10.8 a:l.3 25.1 12.1

17.4 18.5 13.3 22.6 14.3 13.0 11.0 23.8 13.2 21.1 18.0 22.5 11.1 23.2 18.3 17.8

17-7 17.9 28.1 12.9 30-9 17-5 38.2 13.4 31.3 9.2 13.1 16.7 59-1 11.5 43.3 16.3 24.9 2:).6 36.4 23-2

25.4 o.3 19.3 ·9 24.5 7-2 19.1 -5 32.4 9.4 36.9 2.0 33-7 19-9 36.5 10.8 57.8 0 87.1 0

24.3 3-5 31.1 3-4 29-7 8.7 19-3 .8 ,.._2 6.3 33-5 6.7 lj(J.9 3.1 36.9 3-7 69.6 0

100.0 0

OOTroNSEED OIL

6.4 11.4 11.4 12.4 12.0 12.0

3·" 9.0 9-0 7-8 22.5 22.5 5-2 12.1 12.1

11.4 18.0 18.0 8.1 13-9 13-9 2.1 21.1 21.1 1.9 15.6 15.6 8.1 23.4 23.4

SOYBEAN OIL

1.0 10.2 10.2 4.2 13.2 13.2

2:).1 7-2 7-2 19-2 9-6 9.6 4.4 11.3 11.3 3-7 22.5 22.5 5-5 15-3 15-3

10.3 a:>.8 2:).8

LARD

2.8 1.8 1.8 14.9 6.5 6.5

3.1 1.8 1.8 15.4 3.0 3.0 13.4 4.1 4.1

4.0 3-2 3.2 11.9 8.2 8.2 19.0 11.9 11.9 11.1 8.1 8.1 14.9 12.4 12.4

-~'-------- '-----

BRJ\N

(3) 4.0 0.8 1.1 2.6 2.4

-5 3-5 3-5 0 (3) (3)

·9 ·1 -7 -3 -3 -3

5-5 3.0 3.0 .6 1.0 1.0

0 0 0 0 0 0

SHORTS

0 1.2 6.7 -5 1.2 1.6

5.1 1.2 1.2 -3 .1 .1 ·3 -3 -3

0 .4 .4 5-9 2.5 2.5

19.2 0 0 0 0 0 0 0 0

29-8 17.8 29-2 24.4 31.1 12.8 45.5 30-3 31.0 17-3 44.5 29-4 35-1 22.0 46.7 23.2 35-9 17-5 35-5 31.5

28.7 11.2 35.8 17.4 2:).2 27-3 33.4 28.8 32.4 15-7 45.0 26.2 38.5 2:).8 38.6 31.1

19-7 4.6 19.4 21.4 19-3 4.9 16.4 18.4 13-3 17-5 19-9 7-2 19-7 2:).1 28.2 30-9 28.7 19-2 35.6 27·3

4.3 0.8 3-5 3-5

10-7 4.0, -5 (3)

10.1 1.6 2.3 .G

22.9 8.5 11.8 1.6 0 0 0 0

4.7 6.7 4.6 2.1 9-9 6.3

G:~ .4 .6

7-1 .4 5.6 8.4 3-7 19.2 0 0 0 0

38.1 61.4 35-7 51.2 11-9 69.4 9-0 43.0 7-0 64.7

19-7 52-1 22.6 58-2 13 . .; 63.1 18.7 71.7 13.6 43.4

5-7 71.4 12.4 69-3 14.3 58.4 18.1 6o.2 21.2 71.1 28.8 55.8 28.6 68.1 21.9 50.6

9-5 17-1 21.7 50-5 14.4 64.2 22.8 43.4 19.2 51.2

3-2 79-7 13.4 2:).8 11.4 25.8

3.6 55-9 4.9 36-3

71.0 73.8 70-9 77-2 43.0 71.5 65.5 8o.9 35-3 66.0 41.8 62.5 25.8 57.8 37.6 61.9 17-9 42.2 4.2 12.9

65.1 69.0 63.5 66.8 43.1 64.0 6o.1 8o.3 41.3 59-2 57-4 66.1 23.6 42.7 61.7 43.9 8.3 30.4 1.1 0

67.9 G4.9 43.0 54-5 38.0 64.2 57-7 6o.3 54.6 49.1

34.4 lj(J.2 34.5 51.5 53.6 73.8 67.1 6o.5

29-2 41.1 33-7 39-2 32-5 23-1 33-1 39.6 32.3 40.5

75-3 74.4 53-7 66.0 45.4 44.1 lj(J.7 49.4 17-9 4.2

69.8 68.1 53-0 t>l.O 47.9 64.5 29-2 65.4 8.3 1.1

79-2 75.6 82.2 73-3 82.0 81.5 8o.2 86.3 89-2 74-9

82.6 86.7 85.7 89-0 86.8 82.0 88.9 81.7

82.3 71.9 69.1 61.8 68.7 86.9 40.9 56.7 75-1 63.6

74.6 8o.7 75-5 8o.9 67.6 63.1 66.3 63.5 42.2 12.9

75-7 68.9 70-3 8o.7 59-8 66.5 51.1 63.1 30-4 0

19-7 1.3

70 COMJ.DDI'r:t' FUTURES

Table 19.--Anmlal. avero.ge of midmonth and month-end long and ohort COl'llllitmento of reporting and nonreporting trodero 1 expreooed o.o percentage of total open contracts, on all contract marketo combined, 1947-48 to 1956-57--Continuod

Reporting (largo) tradero' con:mi tments Y reported a.o: Nonroporting (emo.ll) traders' apecul.ative SpecuJ.D.tivo

Total open e.nd hedging Year commi tmento gj

wngor ~ long and nhort contrncto short only _ (Spreading)

wng I Short wne I Short wng I Short wng

COTTONSEED MEAL

1947-!Kl 100.0 37.2 1<8.2 7.1 1.9 8.1 7.8 15.2 191Kl-49 100.0 41.0 54.7 2.1 9·1 7.0 1·0 9·1 19'•9-50 100.0 '•6.4 40.8 22.7 12.2 15.2 15.2 31·9 1950-51 100.0 !Kl.3 53·7 6.4 33·7 7.6 7.6 14.0 1951-52 100.0 24.0 47.4 18.8 26.5 11.1 11.1 29·9 1952-53 100.0 53.5 71.9 15.5 11.3 9·0 9·0 24.5 1953-54 100.0 52.3 37-6 24.0 2.0 5·6 5.6 29.6 1954-55 100.0 52.6 53.0 28.2 4.8 5·1 5.1 33·3 1955-56 100.0 1Kl.5 42.2 10.9 2.3 5·3 5·3 16.2 1956-57 100.0 67.7 49.4 1.3 ·1 3.6 3.6 4.9

SOYBEAN MEAL

1~47-'<8 100.0 38.6 40.1 11.3 2.9 6.2 6.5 17.5 19'<8-'•9 100.0 49.0 36.3 12.4 2.3 6.9 6.9 19·3 19"9-50 100.0 31·3 25.7 10.5 7·5 22.2 22.2 32.7 1950-51 100.0 38.5 11.2 35·7 ·9 6.9 6.9 42.6 1951-52 100,0 25.2 3().6 25·7 10.2 16.0 16.0 41.7 1952-53 100.0 31.2 29-9 17·5 16.1 15.2 15.2 32.7 1953-5" 100.00 22.2 16.4 27.4 6.7 3().5 30-5 57·9 1954-55 100.0 00.9 16.8 17.1 10.4 26.2 26.2 43.3 1955-56 100.0 23.5 10.6 24.7 5·6 11.8 11.8 36.5 1956-57 100.0 24.1 15.1 26.9 10.0 9·" 9·4 36.3

!/ Reporting tradero o.re persona subject to reporting requ.irements under the Ccm!Dodity EKchange Act.

gj Derived by subtracting reporting traders' commitmento from totoJ. open contracts. J/ Less than 0.05 percent.

!!edging

Totnl

I Short wns I Short

9·1 47.6 42.1 16.7 49.9 26.6 21·4 15.7 31.8 41.3 31·1 5.0 37.6 46.1 15.0 00.3 22.0 1·8 1·6 18.1 54.8 9·9 11,.1 37.1 1·6 35·3 50·2 4.3 27.4 !,6.3

9·4 43.9 50·5 9·2 31·1 54·5

29·7 36.0 J,J,.6 7.8 18.9 81.0

26.2 33.1 '•3·2 31-3 36.1 38.8 37.2 19·9 46.4 36.6 35.8 46.6 17.4 4o.o 72.0 19.4 39-6 65.5

wng

62.8 59.0 53.6 51.7 76.0 46.5 47·7 47.4 51.5 32·3

61,1, 51.0 68.7 61.5 74.8 68.8 77-8 19.1 76.5 75·9

To till

I Short

51.8 45.3 59.2 46.3 52.6 28.1 62.4 47.0 57.8 50-6

59·9 63.7 7"-3 88.8 69.4 70.1 83.6 83.2 89·" 84.9

NOTE: Omiosion of data for a year in the 10-yeo.r period (1947-48 to 19%-57) indicates there were no traders in reporting status during the year. For data. on tal.lo'.ol' 1 oec Table a>.

Table a:>.--Long 8lld abort coumitment& o'! reporting end nonreporting traders,. expressed e.e percentage ot total open contro.cts, on o.ll contract markets combined, eem1monthly, Jl1l,y 1956 to JUne 1957

Reporting (lArge) trader•' ,_ -nts !/ reported as: --llonreporting (ema.U)

tra4era 1 apecul.at1 ve Bpeoulati ve

71

--.]~ Toto.J. om hed8ing l!edging To tal

__ :to contr

open .. t.

,JuJ.Y 15 31

/\UgUDt 1.5 31

September 15 30

October 15 31

November 15 30

DecCJJiber 15 31

JOllUIU'Y 15 31

Februlll'Y 15 213

l'arch 15 31

April 15 30

JoiJy 15 31

Juno 15 30

Average

JU].y 15 31

fluBuat 15 31 15 30

October 15 31

llovcmbor 15 30

l:lecembcr 15 31 15 31 15 213 15 31

April 15 30 15 31

June 15 30

Aver "80 ---

1 31

fluBuat 1 31

ScptemlJor 1

5

5

5 30

October 1 5

llovombor i1

l>ocamber r 5

5 3

Jfll!uary 1 1 5

February i1

213 1 31 April

5

5

1 30 1 3 1 30

5

5 1 5

Avoruge

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.o 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

100.0

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.C· 100.0 100.0 100.0 100.0 100.0 100.0 100.0

100.0

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

100.0

commi-nts y Long or short only

Long l Short Long l Short

·-- --------IJ6.6 29·6 u.s 2.2 44.0 20.1 ).0.1 2.4 45.2 19·5 9.4 1.7 45.9 20.4 10.0 1.2 49.4 19.9 9·5 1.4 50.4 19.0 9.6 2.3 51.7 21.1 8.4 1.7 49.7 20.6 8.0 2.6 49.1 23.2 6.9 2.1 50.4 25.0 6.6 3.1 50.0 26.0 6.1 3.2 51.0 26.4 7.4 5·2 54.1 213.6 7.4 6.5 54.1 31.4 6.7 9·6 51.7 34.1 5·4 8.0 55·5 35·1 6.0 8.7 55.1 39·3 5·5 8.9 54·7 4o.2 4.0 12.3 49·9 41.0 6.1 10.9 48.0 44.1 6.9 8.7 IJ6.5 114.1 7·4 a.o IJ6.5 4o.9 5.8 12.0 42.7 36.6 6.2 9.6 IJ6.4 35·3 8.1 6.2

49·5 26.7 7.6 5·2

55.8 41.8 18.9 ).0.1 57·1 43.4 13.4 13.4 56.0 45.7 14.3 14.9 53.4 IJ6.o 18.2 17.7 48.3 44.2 14.2 17.7 50.8 IJ6.1 13.0 19.7 53.4 39.8 12.0 15.5 57·0 27·1 13.7 6.0 61.1 21.9 16.6 2.6 57·3 21.4 15·9 2.6 58-7 23.7 16.5 2.5 57.2 23.0 18.6 1.3 56.7 20.2 19·7 ·3 54.6 22.0 16.2 1.3 53.8 23.8 12.8 3·7 51.8 23.2 14.1 1.8 50·8 23.4 17.2 ·9 53.2 23.7 16.1 2.2 53.3 27·6 15.6 3-9 51.6 27·5 14.8 4.4 49-3 31.2 19.5 3.6 48.8 35·3 18.8 3.8 47.9 39.8 19.5 3.4 48.3 38.1 18.3 3.0

53·7 30·3 16.2 5.6

63.8 37.2 25.2 8.7 70·9 213.3 17.7 4.3 73·5 24.5 17.2 3.6 72.1 21.3 16.8 3·3 75.6 23.3 14.7 3·3 75.2 22.2 14.7 1.9 73.4 22.1 15.6 1.2 71·7 23.6 l.5.9 ·9 73.8 25.6 l.2.3 .2 73.l. 25.5 10.9 ·9 75·7 25.2 10.1 3.5 75·5 26.7 U.3 3-5 75.8 27.0 l0.8 4.6 71.8 30.4 14.7 6.7 68.9 32.3 15.0 9.0 67.7 30-9 15.5 8.7 71·2 31.1 l.4.9 14.9 75·9 30·9 11.2 19.8 83.5 41.2 6.4 18.7 85.4 47.7 2.2 l.7.2 86.6 6l..8 2,2 12.9 81.2 57.6 3.2 11.3

. 76.0 48.5 2.4 l.4.3 69.9 IJ6.4 8.2 9·1

73·7 29.0 13.5 5·6

Long and short (Bpreoding)

Total

Long I Short Long I Short Long I Short L_Lo_~_j_ '-- ----···-"'-

20.0 20.0 31.8 22.2 21.6 48.2 53.4 70.4 18.8 18.8 26.9 21.2 27.1 58-7 56.0 19·9 19.6 19.6 29.0 21.3 25.8 59·2 54.8 8o.5 18.9 18.9 26.9 20.1 25·2 59-5 54.1 79.6 19.3 19.3 26.8 20.7 21.8 59·4 50.6 8o.1 20.0 20.0 29.6 22.3 20.0 58.7 49.6 81.0 21.8 21.8 30.2 23·5 18.1 55.4 48.3 78-9 22.0 22.0 30.0 24.6 -20.3 54.8 50·3 79-4 22.8 22.8 29.7 24.9 21.2 51.9 50·9 76.8 21.8 21.8 26.4 24.9 21.2 5Q.1 49.6 75.0 21.6 21.6 27-7 24.8 22.3 47.2 50·0 72.0 20.1 1!0.1 27.5 25.3 21.5 IJ6.3 49.0 71.6 18.1 18.1 25.5 24.6 20.4 IJ6.8 45·9 71.4 15.8 15.8 22.5 25.4 23.4 43.2 45.9 68.6 17.0 17.0 22.4 25.0 25·9 4o.9 48.3 65.9 15·9 15·9 21.9 24.6 22.6 4o.3 44.5 64.9 15.1 15.1 20.6 24.0 24.3 J6.7 44.9 6o.7 14.4 14.4 18.4 26.7 26.9 33.1 45.3 59.8 17.1 17.1 23.2 26.0 26.9 31.0 50.1 59·0 19.7 19.7 26.6 26.4 25.4 27·5 52.0 55·9 24.4 24.4 31.8 32.4 21.7 23·5 53·5 55·9 25.2 25.2 31.0 37·2 22.5 21.9 53-5 59.1 31.4 31.4 37.6 41.0 19·7 22.4 57·3 63.4 213.2 26.2 36.3 34.4 17.3 30.3 53.6 64.7

20.4 20.4 26.0 25.6 22.5 45.7 50·5 71·3

OOJIII

18.0 18.0 36.9 213.1 1·3 30.1 44.2 58.2 21.7 21-7 35.1 35.1 7·8 21.5 42.9 56.6 20.2 20.2 34.5 35.1 9.5 19.2 44.0 54.3 17-9 17.9 36.1 35.6 10.5 18.4 IJ6.6 54.0 19·3 19.3 33.5 37.0 18.2 18.8 51·7 55.8 15.1 15.1 26.1 34.8 21.1 19.1 49.2 53·9 20.0 20.0 32.0 35·5 14.6 24.7 IJ6.6 6o.2 17.9 17·9 31.6 23-9 11.4 49.0 43.0 72·9 12.7 12.7 29.3 15.3 9.6 62.8 38.9 78.1 14.5 14.5 30.4 17.1 12.3 61.5 42.7 78.6 12.9 12.9 29.4 15.4 11.9 6o.9 41.3 76.3 11.5 11.5 30.1 12.8 12.7 64.2 42.8 11·0 10.0 lO.O 29.7 ).0.3 13.6 69-5 43.3 79.8 10.5 10.5 26.7 u.s 18.7 66.2 45.4 78.0 10.6 10.6 23.4 14.3 22.8 61.9 IJ6.2 76.2 13.8 13.8 27·9 15.6 20.3 61.2 48.2 76.8 12.4 12.4 29.6 13.3 19.6 63.3 49.2 76.6 12.1 12.1 26.2 14.3 18.6 62.0 IJ6.8 76.3 u.6 u.6 27.2 15.5 19.5 56.9 IJ6.7 72.4 12.4 12.4 27.2 16.8 21.2 55·7 48.4 72.5 U.1 11.1 30.6 14.7 20.1 54.1 50·7 68.8 11.5 11.5 30.3 15.3 20.9 49.4 51.2 64.7 12.7 12.7 32.2 16.1 19-9 44.1 52.1 6o.2 13.0 13.0 31.3 16.0 20.4 45.9 51.7 61.9

!------- - ---- ----- ------- -~--·

13.9 13.9 30.1 19·5 16.2 50·2 IJ6.3 69.7

A.a 12.9 33.0 21.6 3.2 41.2 36.2 62.8 ·5 9.0 26.2 13.3 2.9 58.4 29·1 71·7

7.0 7·7 24.2 U.3 2.3 64.2 26.5 75.5 8.4 l0.8 25.2 14.1 2.7 64.6 27·9 78·7 8.7 U.6 23.4 14.9 1.0 61.8 24.4 76·7 9.2 10.2 23.9 12.1 ·9 65.7 24.8 77-8 9·7 l0.6 25.3 11.8 1.3 66.l. 26.6 77-9

).0.5 l.4.8 26.4 l.5.7 1.9 6o.7 213.3 76.4 U.2 15.2 23.5 15.4 2.7 59.0 26.2 74.4 12.1 13.8 23.0 14.7 3·9 59.8 26.9 74.5 11.6 11.9 2l..7 15.4 2.6 59.4 24.3 74.8 U.5 u.s 22.8 l.5.3 l..7 58.0 24.5 73·3 12.4 13.6 23.2 18.2 l..O 54.8 24.2 73.0 U.1 13.0 25.8 19.7 2.4 49·9 26.2 69.6 12.6 12.5 27.6 2l..5 3.5 IJ6.2 31-1 67·7 13.4 13.3 26.9 22.0 3.4 47.1 32·3 69.1 12·7 l.3.6 27.6 26.5 1.2 4o.4 213.8 68.9 11.7 10.4 22.9 30-2 1.2 38.9 24.l. 69.l. 9.4 10.2 l.5.8 26.9 ·1 29·9 l.6.5 58.8

u.6 u.6 l.3.8 26.8 .8 23·5 l.4.6 52-3 ).0.4 9·8 12.6 22.7 .a 15·5 l.3.4 38.2 l.5.0 13.9 18.2 25.2 .6 l.7.2 18.8 42.4 20.8 17.6 23.2 31.9 .a l.9.6 24.0 51.5 20.6 18.2 26.8 27·9 l..3 25·7 30.l. 53.6

10.8 12.2 24.3 l.7.8 2.0 53.2 26.3 71.0 -- --

72

---~---

,July 15 31

Auguct 15 31

Scptmnbcr 15 30

Octobor 15 31

Novcmb~r 15 30

December 15 31

Jomw.ry 15 31

Febnw.ry 15 20

Mo.rch 15 31

April 15 30

J.fay 15 3l

June 15 30

Average

J\JJ.y 15 31

Auguot 15 31

September 15 30

October 15 31

November 15 30

December 15 31

Jomw.ry 15 31

February 15 28

March 15 31

April 15 30

l~y 15 31

JUM 15 30

Avernse

----July 15

31 August 15

31 September 15

30 October 15

31 November 15

30 December 15

31 JBlllUl.l"/ 15

31 February 15

28 March 15

31 April 15

30 May 15

31 June 15

30

Average

COI-!MODI'l'Y FUTUilDl

'rabJ.e 20. --Long Wld. ohort conmi t.rnento of reporting and nonreporting trader a, axpreoaed o.o porcentaao ot totol open contracts, on oJ.l contract mo.rketo combined, oemimont.hly, July 1956 to June 1957--Continued

·--------·-------1.00.0 88.2 61.1 6.0 1.00.0 83.7 59.1 6.4 1.00.0 71•·9 511,6 9·5 1.00.0 74.3 51.9 7-l 1.00.0 75.8 54.3 8.4 1.00.0 75·5 51.3 9·3 1.00.0 74.7 52.4 ll.O 1.00.0 74.9 51.7 9.4 1.00.0 76.5 51.2 6.3 1.00.0 74.6 51.0 5.5 1.00.0 77-7 52.7 5.4 1.00.0 77 ·5 56.7 6.9 1.00.0 78.8 54.8 6.5 1.00.0 76.2 54.1 3·9 1.00.0 77-6 55·3 2.1 1.00.0 8o.7 59.4 3.8 1.00.0 79.6 62.5 6,0 1.00.0 82.4 63.7 2.5 1.00.0 86.9 66.1 .8 1.00.0 83.6 66.5 2.5 1.00.0 78.5 65.9 5·7 1.00.0 77-2 71.9 7-l 100.0 74.0 76.5 8.4 1.00.0 78.4 ao.o 5·7

1.00.0 77.8 58.4 6.3

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

1.00.0 63.5 1.00.0 36.5 1.00.0 63.1 1.00.0 36.9 1.00.0 1.00.0 1.00.0 0 1.00.0 100,0 1.00.0 0 100.0 1.00.0 1.00.0 0 1.00.0 1.00.0 1.00.0 0 1.00.0 1.00.0 67.1 0 1.00.0 1.00.0 63.0 0 1.00.0 1.00.0 1.00.0 0 1.00.0 100.0 1.00.0 0 1.00.0 100.0 1.00.0 0 1.00.0 1.00.0 100.0 0 1.00.0 100.0 1.00.0 0 1.00.0 1.00.0 1.00.0 0 1.00.0 1.00.0 1.00.0 0 1.00.0 1.00.0 1.00.0 0 1.00.0 1.00.0 1.00.0 0 1.00.0 1.00.0 1.00.0 0 1.00.0 1.00,0 1.00,0 0 1.00.0 100.0 1.00.0 0 1.00.0 1.00.0 1.00.0 0 1.00.0 1.00.0 100.0 0 100.0 100.0 100.0 0 100.0 100.0 100.0 0

100.0 95.1 95.6 4.9

1.8 3·3 (3) 1.6 1.8 4.3 2.1 2.0 4.1 3.6 5.0 3-5 7.0 5.1 5·3 r,,7 5.2 s.4 4.8 2.8 6.0 4.1 4.1 l.O

; 3-7

-·------0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0

RYE

3.4 11.5 8.5 16.7

15.0 21.1 17.4 21.2 14.8 18.7 15.0 19.0 14.3 17.8 14.3 18.5 15.6 19.8 19.4 22.4 16.9 20.0 15.6 17-7 14.7 16.7 18.8 20.4 20.2 20.5 15.4 16.2 14.4 15.2 15.1 17.1 12.3 14.7 13.7 16.4 13.6 14.1 15.7 13.6 16.1 14.5 14.4 12.4

FLAXBI!Ell

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0

BOYBEAIIB

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0

------ ------- ----9.4 13.3 2.4 25.6 u.s

14.9 20.0 1.4 20.9 16.3 24.5 21.1 .6 24.3 25.1 24.5 22.8 1.2 25.3 25-7 23.2 20.5 l.O 25.2 24.2 24.3 23.3 .2 25.4 24.5 25-3 19-9 0 21·7 25.3 23-7 20.5 1.4 21·8 25.1 21.9 23-9 1.6 24.9 23-5 24.9 26.0 ·5 23.0 25.4 22.3 25.0 0 22.3 22.3 22.5 21.2 0 22.1 22.5 21.2 23-7 0 21.5 21,2 22.7 25-5 l.l 20.4 23.8 22.3 25.8 .l 18.9 22.4 19.2 20.9 .l 19-7 19.3 20.4 20.4 0 17.1 20.4 17.6 22.5 0 13.8 17.6 13.1 19·5 0 14.4 13.1 16.2 19.2 .2 14.3 16.4 19-3 20.1 2.2 14.0 21.5 22.8 17-7 0 10.4 22.8 24.5 18.6 1.5 4.9 26.0 20.1 __ 13.4 1.5 6.6 21.6 -- -·

21.5 21.4 ·7 20.2 22.2

36.5 0 0 0 36-5 36-9 0 0 0 36-9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32·9 0 0 0 0 37.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

4.9 0 0 4.4 4.9

---------38.9 4o.y 45.4 48.1 45.7 48.7 47.6 48.3 48.8 49.o 47.3 43-3 45.2 45.9 44.7 4o.6 3?.5 36.3 33.9 33.5 34.1 28.1 23.5 20.0

41.6

0 32-9 37.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

4.4

-- ----·- -- ------100.0 47.3 43.6 5·3 10.2 29 100.0 42.7 47-5 4.4 8.1 29 100.0 43.3 47.1 3·5 7-l 30 100.0 4o.8 44.3 4.3 11.3 3 100.0 36-7 42,0 3.0 9-3 100.0 42.0 41.0 6.1 6.3 3 100,0 48.1 38.4 6.4 6.0 30 1.00.0 51-5 36.5 4.5 7-3 30 100.0 56.0 39-7 4.6 7-7 100.0 58.8 42.4 3.8 5.2 100.0 59.0 42.8 4.0 7-2 2 100.0 59·9 43.4 5·3 8.1 25 100.0 62.6 45.3 5-7 6.8 1.00.0 68.6 44.9 4.3 6.7 l 100.0 66.7 49-9 4.1 4.9 l 100.0 64.7 48,6 4,6 6.8 100.0 63.6 51.4 s.o 7·7 1.00.0 63.8 52.6 4.9 8.7 100.0 63.9 53·9 3.7 u.4 100,0 57.8 53.0 5·5 13.3 1 100.0 54.4 53-3 6.1 14.7 100.0 48.8 50.0 4.9 17.2 1 100,0 45.5 50.0 5·5 18.0 100.0 45.5 45.8 7-4 15.6 23

.4 29.4

.8 29.8 ·7 30-7

2.5 32.5 36-3 36.3 4.8 34.8 .2 30.2 .4 30.4

28.1 28.1 26.8 26.8 5-7 25.7

.4 25.4 21.5 21.5 7·9 17-9 9·2 19.2

21.7 21.7 21.1 21.1 20.8 20,8 18.7 18.7 9·3 19-3

18.4 18.4 9·9 19-9

20.7 20.7 .l 23.1

34.7 39.6 18.v 16.8 52-7 56.4 34.2 37-9 23.1 14.6 57·3 52-5 34.2 37.8 22.5 15.1 56.7 52-9 36.8 43.8 22.4 U.9 59·2 55·7 39-3 45.6 24.0 12.4 63.3 58.0 4o.9 41.1 17-l 17-9 58.0 59·0 36.6 36.2 15.3 25.4 51.9 61.6 34-9 37-7 13.6 25.8 48.5 63-5' 32-7 35.8 U.3 24.5 44.0 6o.3 30.6 32.0 10.6 25.6 41.2 57·6 29·7 32.9 U.3 24.3 41.0 57·2 30-7 33-5 9.4 23.1 4o.l 56.6 27-2 28.3 10.2 26.4 37-4 511.7 22.2 24.6 9·2 30-5 31.4 55-1 23-3 24.1 10.0 26.0 33-3 50·1 26.3 28.5 9·0 22.9 35·3 51.4 26.1 28.8 10.3 19.8 36.4 48.6

25·7 29·5 10.5 17·9 36.2 47.4 22.4 }0.1 13-7 16.0 }6.1 46.1 24.8 32.6 17.4 14.4 42.2 47.0 24.5 33-l 21.1 13.6 45.6 46-7 24.8 37-l 26.4 12.9 51.2 :;o.o 26.2 38-7 28.3 U.3 54-5 50·0 30-5 38-7 24.0 15-5 54-5 54·2 ----- ------ --

100.0 53·5 '•5-5 4.9 9·2 25 30·5 34.8 16.0 19-7 54-5 ----

----·-July 15

31 August 15

31 September 15

30 October 15

31 November 15

30 December 15

31 Jrunw.ry 15

31 February 15

28 March 15

31 April 15

30 May 15

31 June 15

30

Avo rage

July 15 31

August 15 31

September 15 30

October 15 31

November 15 30

Doc ember 15 31

Jwruary 15 31

February 15 28

1.WOch 15 31

April 15 30

l"'y 15 31

J\me 15 30

Averoge ----·

COI~c()DITY I'U'J.'UREB

To.ble a:>.~ -long and. short con:mi tmento or reporting and nonreport1ne tra<l.era 1 expressed as percentage or total open contracts 1

on all contract marketo comb1ned1 semimont~ Ju:Ly 1956 to June 1.957--Contiz:iucd

.-----~

0 0 0 0

100.0 100.0 100.0 100.0 100.0 100.0

0 0 0 0 0 0

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

100.0

100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

100.0

,--0 0 0 0

100 100 100 100 100 100

0 0 0 0 0 0

.o

.o

.o

.o

.o

.o

0 0 0 0

100.0 1()().0 100.0 100.0 100.0 15-5

0 0 0 0 0 0

100 .o 100.0 100 100 100 100 100 100 100

100

:g i::g t .o 100.0 .o 100.0 .o 100.0

-::-+~~~-36.3 6o.6 35.4 59-3 33-7 58.2 33.0 56.1 33.8 55-3 35-9 52.1 34.7 52.4 38.3 54.7 45.8 55.6 46.6 53-9 47.7 51.1 53.1 51.0 56.1 52.5 57-7 53.8 5$.1 52.5 55.2 51.7 56.5 55.1 51.1 52.8 48.3 53.0 51.4 55.0 55-7 54.0 57·9 56·7 56.4 53.6 :;8.8 53.6

45.4 54.5

-~-~

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

-·~

0 0

6.8 0.3 8.0 ·7 8.0 -7 6.6 .6 5-8 .4 5-5 .2 6.1 1.0 6.4 ·9 8.2 .8 7·7 ·9 6.6 1.6 6.2 1.1 7-6 ·5 7·3 .6 6.8 ·7 6.9 1.0 6.4 .8 7-5 2.2 B.o 1.8 8.2 2.3 8.1 2.5 8.1 1.4 8.2 1.7 9.0 2.6

7-1 1.0 '----

GRAIN SORGHUMS

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 c 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

-~-- ----·~-- ---- ----0 0

12-9 12-9 12-7 12.7 11-7 11.7 12.7 12.6 12.6 12.5 11.8 11.8 12.8 12.9 14.1 14.1 13.8 13.8 14.8 14.8 12.6 12.6 12.6 12.6 10.6 10.6 9.4 9-5 9.2 9.2

10.2 10.2 9.8 9.8

11.4 11.4

J 13-2 13.2 14.6 14.6 14.1 14.1 14.0 14.0 14.8 14.8 15.5 15.6

12.6 12.6

0 0 --

9·7 1 20 1 1 18 1 18

-7 9.7 9-3

.4 7-3

·9 20.5 22.0 22.5 19.2 18.8 18.2 16.7 16 .o 17.1 16.2 18.9 21.2 22.8 22.2 22.1 23.0 24.5

1 9-7

,---· 13.2 13.4 12.4 13.2 12.9 12.0 13.9 15.0 14.6 15-7 14.2 13-1 11.1 10.1 9·9

11.2 10.6 13.6 15.0 16.9 16.6 15.4 16.5 18.2

13.6 -~-~~

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 84.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

~ -------0 21.7

44.0 26.2 43.9 27-3 46.6 29.4 47.7 30-7 47.8 31.8 46.8 35·9 46.4 33-7 41.2 30-3 32.2 29.8 30-9 30.4 33-1 34-7 28.1 35-3 25.7 36.4 25.6 36.1 26.9 37-6 27-7 37-1 27-3 34-3 30.0 33.6 30-5 32.0 25.8 26.1 22.1 29.4 20.0 27-9 20.6 29·9 16.7 26.2

34.9 31-9

---~-- ---WOOL

July 15 100.0 87-3 22.3 2.8 0 3-1 3.1 5-9 3.1 6.8 74.6 31 100.0 78.9 29-6 5-9 0 2.7 2.7 8.6 2.7 12.5 67.7

Auguot 15 100.0 76.6 28.3 5.6 0 2.6 2.6 8.2 2.6 15.2 69.1 31 100.0 75.4 )6.4 3.4 0 2.6 2.6 6.0 2.6 18.6 71.0

Boptember 15 100.0 83.4 28.3 3.2 0 2.4 2.4 5.6 2.4 11.0 69.3 30 100.0 83.2 30.6 3.2 0 2.4 2.4 5.6 2.4 11.2 67.0

October 15 100.0 ~-1 32-7 3.2 0 2.8 2.8 6.0 2.8 6.9 64.5 31 100.0 .6 38.2 3-3 0 2.4 2.4 5-7 2.4 5-7 59-4 November 15 100.0 88.9 4o.o 3.2 0 2.8 2.8 6.0 2.8 5.1 57-2

Do camber 30 100.0 83.3 46.7 8.2 0 3-5 3-5 11-7 3-5 5.0 49.8 15 100.0 84.3 52.3 3.8 0 3-6 3.6 7.4 3.6 8.3 44.1

Jwruary 31 100.0 90·5 59-0 3.3 0 0 0 3.3 0 6.2 41.0 15 100.0 9Q.O 56.9 3.3 0 0 0 3.3 0 6.7 43.1

Psbruary 31 100.0 ao.o 52.5 0 0 0 0 0 0 20.0 47.5 15 100.0 83.4 57-4 0 0 0 0 0 0 16.6 42.6 28 100.0 69.6 72-5 0 0 0 0 0 0 30.4 27-5 ~ch 15 100.0 68.6 72·9 0 0 0 0 0 0 31.4 27-1

Apru 31 100.0 76-7 74.3 0 0 0 0 0 0 23-3 25-7 15 100.0 89.6 72-7 0 1.6 ·7 ·7 -7 2.3 9·7 25.0

Ms.y 30 100.0 84.5 6o.2 0 2.2 4.1 4.1 4.1 6.3 11.4 33.5 15 100.0 77-6 61.5 0 0 4.0 4.0 4.0 4.0 18.4 34-5

Jbne 31 100.0 ao.8 63.7 0 0 3·5 3-5 3-5 3-5 15-7 32.8 15 100.0 8o.9 62.2 0 3.2 1.6 1.6 1.6 4.8 17·5 33.0 30 100.0 79-6 63.8 0 0 1.6 1.6 1.6 1.6 18.8 34.6 -

Avel"fl.ge 100.0 81.8 51.4 2.0 -3 - 2.0 2.0 4.0 2.3 14.2 46.3

73

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 84.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 21.7

63.7 39.4 64.6 4o.7 66.3 41.8 67.0 43.9 66.2 44.7 64.1 47.9 65.3 47.6 61.7 45.3 54.2 44.4 53.4 46.1 52.3 48.9 46.9 49.0 43.9 47 ·5 42.3 46.2 44.9 47-5 44.8 48.3 43.5 44.9 48.9 47.2 51.7 47.0 48.6 45.0 44.3 46.0 42.1 43.3 43.6 46.4 41.2 46.4

54.6 45.5

12.7 77-7 21.1 70.4 23.4 71.7 24.6 73.6 16.6 71-7 16.8 69.4 12.9 67.3 11.4 61.8 11.1 6o.o 16.7 53-3 15.7 47.7 9-5 41.0

10.0 43.1 20.0 47-5 16.6 42.6 30.4 27-5 31.4 27-1 23·3 25-7 10.4 27.3 15.5 39.8 22.4 38-5 19.2 36.3 19.1 37.8 20.4 36.2

18.2 48.6

74 OOMIIlDITY FU'l'URES

'!'able 00.--I.ong and short commitmento of reporting Olld nonreporting traders, expreased as percentage or toto.l open contracts, on o.ll contract markets combined, aem:l.JOOnthl.y, J'uly 1956 to June 1957--Contiuu.ed.

------···------,----------.------------------------------------------

Date

.July 15 3l

August 15 3l

September 15 30

October 15 31

November 15 30

December 15 31

January 15 31

February 15 88

March 15 31

A~U 15 30

May 15 31

June 15 30

Average

-----July 15

31 August 15

31 September 15

30 October 15

31 November 15

30 December 15

31 Jarnw.ry 15

31 FebruD.ry 15

88 !!arch 15

3l A~il 15

30 May 15

31 June 15

30

Average

July 15 3l

August 15 3l

September 15 30

October 15 31

november 15 30

December 15 31

J&DU.Ol'Y 15 3l

February 15 88

March 15 31

A~il 15 30

May 15 31

June 15 30

Average

Total open contracts

100.0 lOO.O 100.0 100.0 lOO.O 100.0 lOO.O lOO.O 100.0 lOO.O lOO.O lOO.O 100,0 lOO.O lOO.O 100.0 lOO.O lOO.O 100.0 100.0 100.0 100.0 lOO.O 100.0

lOO.O

lOO.O lOO.O 100.0 lOO.O lOO.O lOO.O lOO.O lOO.O 100.0 100.0 lOO.O lOO.O lOO.O lOO.O lOO.O 100.0 lOO.O lOO.O lOO.O lOO.O lOO.O lOO.O 100.0 100.0

lOO.O

--lOO.O lOO.O lOO.O 100.0 lOO.O 100.0 100.0 lOQ,O lOO.O lOO.O lOO.O lOO.O lOO.O lOQ,O lOO.O lOO.O lOO,O lOO.O 100.0 lOO.O lOO.O lOO.O lOO.O lOO.O

lOO.O

Nonreportiog (omall) 1--------Reporting (lo.rge) traders' COlllll1.tments Y reported as:

tro.d.ers' speculative Specul.ative rumoo~~ ~-------~--2----~-------~

cornmi tmcnto gj !.on~ or Long o.nd short Total 'l'otal

oho"t o~~-----~-~(~S~~·~~==ng~)--·l----.---~-----r---~---,---IA>~_I~~~==~~-_] __ Bllo~t-· _ IA>ns_j_~~-'--~ns_l_Sho __ rt_l__r.o_~ __ __.I __ Short __ JL_Lo_~ __ L_I_Sho_;_;_---

----- ----·--·--Tf.5 19-3 4.5 78.4 19.4 4.2 76.0 19.2 4.3 78.0 20.1 l.8 Tf.3 2l.7 l.8 72-7 24.8 5-9 74.2 25-9 5-9 62.8 24.0 10.0 72-9 27.6 6.9 74.1 2l.6 2.4 78.1 29-8 3.6 78.2 25-7 5.4 74.1 25.8 7·7 69.0 31.3 5·5 66.8 32.6 4.4 70.9 4o.1 2.7 78.1 43.4 2.8 73.2 33.7 2.7 75-1 24.0 2.5 75.4 29·0 2.5 76.1 32.0 2.3 73-7 38.9 6.5 78.4 39-5 6.5 73-8 110.6 6.5

74.4 88.4 4.6

72-3 58-6 13.9 74.4 54.1 12.6 78.8 57-9 7.4 75·3 61.2 10.9 75.0 67.9 10.9 80.2 67.0 1·1 84.4 64.3 4.4 87.5 69.5 5.0 86.0 67.8 3.6 83-9 6o.9 3.2 87.8 75·1 4.5 86.8 69.0 5.0 85.1 66.5 7-1 67.0 62.3 18.5 68.5 58.o 16.5 69.8 ,0.6 15.0 69-5 54.7 17.8 67.7 45.0 13.7 64.3 49.9 17.0 66.3 54.9 2l.4 72.9 48.7 14.3 72-9 47.8 u.6 75-3 48.6 10.9 70.4 44.8 13.0

75·7 57-5 ll.1 ----~~-

··----.-----,--62.2 46.9 14.7 61.4 38.1 18.1 63.5 4o.o 19.1 61.1 34.1 2l.5 62.7 32.4 17.6 68.4 88.2 15.4 61.9 26.6 19.1 6o.6 24.5 16.5 58.3 25.6 16.2 61.9 29.0 19.0 6o.7 88.6 18.2 55.8 32.5 20.6 61.4 39-7 20.1 6o.5 41.3 23.3 62.1 39·0 19.2 6o.7 41.4 23.0 61.9 37·5 88.9 6o.6 31.7 20.2 64.2 32.4 20.4 65.2 27.2 22.1 50·3 36.7 36.3 73-3 43.3 9.8 68.4 43.1 12.9 Tf,O 37.8 6.2

61.7 )4.0 19.8 --'------'------

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0

13. 18. 14. 14. 10. 13. 17. 17. 17. 22. 15. 2l. 22. 16. 19. 2l. 13. 13. 7· 7-

ll. 11. 13. 14.

14.

\IOOL 11>PS

0 0 0 0 0 0 0 0 0 0 0 0

·3 ·3 ·3 .3 .4 .4

1.4 1.4 1.4 l.4 0 0 0 0 0 0 0 0 l.3 .6 1.8 ·9 2.7 ·9 3-2 l.4 l.6 1.6 l.5 1.5

·9 ·9 ·9 ·9 -9 l.5

·1 .6

2 ll.6 11.6 3 11.8 ll.8 2 13.2 13.2 5 13·7 13·7 0 14.1 14.1 5 12.1 12.1 9 ll.2 11.2 2 7·5 7.5 8 10.4 10.4 7 12.9 12.9 3 1·1 7-7 0 7-5 7·5 6 5-5 5·5 1 10.4 10.4 0 11.5 11-5 5 12.0 12.0 6 10.2 10.2 8 16.3 16.3 9 16.3 16.3 5 10.1 10.1 3 10.4 10.4 9 13.4 13.4 3 10.9 10.9 6 14.0 14.0

i---9 ll.7 ll.7 -'----- ----

FOTMOES -

1·3 7-3 9·5 9-5 8.3 8.3 6.1 6.1 7.6 7.6 5.1 5-1 5·3 5-3 7.6 7-6 8.2 8.2 6.8 6.8 8.6 8.6 9-0 9·0 6.3 6.3 5-4 5·4 7.1 7·1 6.7 6.7 2.6 2.6 9·3 9·3 5-9 5-9 2.1 2.1 8.5 8.5 7·7 1·7 7·3 7-3 5·9 5-9

6.8 6.8 ---- ----·---·

4.5 0 18.0 80.7 22.5 80.7 4.2 0 17.4 80.6 2l.6 80.6 4.3 0 19.7 80.8 24.0 80.8 1.8 0 20.2 79·9 22.0 79-9 1.8 0 20.9 78-3 22.7 78.3 5-9 0 2l.4 75-2 27-3 75.2 6.2 ·3 19.6 73-8 25.8 74.1

10.3 ·3 26.9 75-7 37.2 76.0 7-3 .4 19.8 72.0 27·1 72.4 3.8 l.4 22.1 77.0 25·9 78.4 5.0 1.4 16.9 68.8 2l.9 70.2 5.4 0 16.4 74.3 2l.8 74.3 7·7 0 18.2 74.2 25·9 74.2 5·5 0 25.5 68.7 31.0 68.7 4.4 0 88.8 67.4 33.2 67.4 4.0 .6 25.1 59·3 29.1 59·9 4.6 ·9 17.3 55·7 2l.9 56.6 5·4 ·9 2l.4 65.4 26.8 66.3 ~·7 1.4 19.2 74.6 24.9 76.0

.1 1.6 20.5 69.4 24.6 7l.O 3.8 1-5 20.1 66.5 23.9 68.0 7.4 ·9 18.9 6o.2 26.3 61.1 7.4 ·9 14.2 59.6 2l.6 6o.5 7.4 1.5 18.8 57·9 26.2 59.4 -5-3 .6 20.3 71.0 25.6 71.6

25-5 24.8 2.2 16.6 21·1 41.4 24.4 30-1 1.2 15.8 25.6 45.9 20.6 27-4 .p 14.7 2l.2 42.1 24.6 88.2 .1 10.6 24.7 38.8 25.0 24.1 {3) 8.o 25.0 32.1 19.8 25.6 0 7.4 19.8 33.0 15.6 29-1 0 6.6 15.6 35·7 12.5 24.7 0 5.8 12.5 30.5 14.0 88.2 0 4.0 14.0 32.2 16.1 35-6 0 3-5 16.1 39-1 12.2 23.0 0 1.9 12.2 24.9 12-5 88.5 -7 2.5 13.2 3l.O 12.6 88.1 2.3 5.4 14.9 33-5 88.9 26.5 4.1 11.2 33.0 37·7 88.o 30-5 3·5 11.5 31.5 42.0 27.0 33·5 3-2 15.9 30.2 49.4 88.o 23.8 2.5 2l.5 30-5 45.3 30.0 30-l 2.3 24.9 3:1.3 55-0 33-3 24.2 2.4 25-9 35·7 5Q.l

31·5 17.6 2.2 27·5 33·7 45.1 24.7 2l.7 2.4 29.6 27-1 51.3 25.0 25-3 2.1 26.9 27·1 52.2 2l.8 24.2 2.9 27-2 24.7 51.4 27.0 88.6 2.6 26.6 29·6 55-2

22.8 26.6 1.5 15.9 24.3 42.5 --·--

22.0 13·7 15.8 39.4 37·8 53-1 27.6 19·7 11.0 42.2 38.6 61.9 27.4 14.7 9·1 45.3 36·5 6o.o 27·6 14.8 11.3 51.1 38.9 65.9 25.2 19.0 12.1 48.6 37·3 67.6 20.5 18.8 11.1 53.0 3l·6 71.8 21,,4 17.7 13.7 55·7 38.1 73·4 24.1 25.4 15.3 ,0.1 39.4 75·5 24.4 24.6 17.3 49.8 41.7 74.4 25.8 25.7 12.3 45.3 38.1 71.0 26.8 88.4 12.5 43.0 39·3 71.4 29.6 88.6 14.6 38.9 44.2 67.5 26.4 26.6 12.2 33·7 38.6 6o.3 88.7 88.3 10.8 30.4 39·5 58-7 26.3 30.8 11.6 30.2 37·9 61.0 29·7 26.1 9.6 32.5 39·3 ,a.6 3l.5 27·8 6.6 34.7 38.1 62.5 29·5 41.5 9·9 26.8 39.4 68.3 26.3 35.8 9·5 3l.8 35.8 67.6 24.2 36.7 10.6 36.1 34.8 72.8 44.8 25.8 4.9 37·5 49·7 63.3 17.5 20.7 9·2 36.0 26.7 56-7 20.2 16.5 11.4 4o.4 3l.6 56-9 12.1 23.1 10.9 39.1 23.0 62.2

26.6 25.0 11.7 41.0 38.3 66.0

COMIIlmTY PUTURBS 75

N=-zotiD& (IIIIIAU) Roport1D& (lArge) tJ'84ero' comitmenta y reported ao:

traders' speculative Speculative

'l'ot&l. open - hedaiD& lledg1JJ& Total.

Date contracts --·?! Loll& or Loll&- short Total. short ODl.y (Spread1JJ&)

Loll& I Sllort Loll& I Sllort Loll& l Sllort Loll& 1 Sbort Loll& 1 Sbort Lolli! I Sllort

OBI OilS

July 15 100.0 54.4 24.0 28.8 e.o 15.3 15.3 114.1 23.3 1.5 52.7 45.6 76.0 31 100.0 5SJ.l 21.1 25.6 6.6 13.7 13·7 39·3 20.3 1.6 58.6 40.9 78.9

AusU•t 15 100.0 53.1 J.8,4 29·8 3.1 15.0 15.0 44.8 l.B.l 2.1 63-5 46.9 81.6 31 100.0 52.4 16.0 28.7 3.2 14.1 14.1 42.8 17·3 4.8 66.7 47.6 84.0

September 15 100.0 54.5 13.7 24.0 .3 17.4 17.4 41.4 17-7 4.1 68.6 45.5 86.3 30 100.0 55·9 15.2 26.4 3·1 13.8 13.8 40.2 17-5 3·9 67.3 114.1 84.8

October 15 100.0 58.0 16.2 24.7 4.1 13·3 13.3 38.0 17.4 4.0 66.4 42.0 83.8 31 100,0 61.3 17.3 23.8 6.7 12.0 12.0 35.8 J.8,7 2.9 64.0 38·1 82.7

lfovember 15 100.0 67.0 24.2 20.4 5·1 9·1 9·1 29·5 14.8 3-5 61.0 33-0 75.8 30 100.0 67.8 22.6 20.9 U.2 8.6 8.6 29·5 19.8 2.7 57.6 32.2 77.4

Dec- 15 100.0 64.5 19.2 22.1 17.2 10.3 10.3 32.4 21·5 3.1 53-3 35-5 80.8 31 100.0 62.5 16.5 26.7 21.8 8.8 8.8 35·5 30·6 2.0 52.9 37·5 83.5

January 15 100.0 64.0 24.2 21·5 25·5 5·5 5·5 33.0 31-0 3-0 44.8 36.0 75.8 31 100.0 62.1 34.0 33.4 21.6 3.2 3.2 36.6 24.8 1.3 41.2 31·9 66.0

Feb:ruaz'Y' 15 100.0 74.7 32.2 24.8 32.3 ·5 ·5 25·3 32.8 0 35.0 25·3 67.8 28 100.0 74·7 46.9 24.8 16.6 .l .1 24.9 16.7 .4 36.4 25.3 53.1

March 15 100.0 67·5 55·7 32.4 ·7 .l .1 32.5 .a 0 43-5 32-5 44.3 31 100.0 74.2 42.6 25.6 0 .2 .2 25.8 .2 0 57.2 25.8 57-4

April 15 100.0 81.3 29·7 J.8.6 .4 .1 .l l.8.7 ·5 0 69.8 l.8.7 70·3 30 100.0 78-7 24.8 J.8.9 9·3 2.4 2.4 21.3 U-7 0 63-5 21.3 75-2

!lay 15 100.0 76.6 28.2 20.8 5o5 2.6 2.;:, 23.4 8.1 0 63.7 23.4 11.8 31 100.0 78-5 26.~ 20.2 4.8 1.3 1.3 21.5 6.1 0 67.6 21.5 73-7

June 15 100.0 11·7 24. 23-5 3-l 4.8 4.8 28.3 7-9 0 67.7 28.3 75.6 30 100.0 11·9 19-5 22.4 2-7 5-7 5-7 28.1 8.4 0 72.1 28.1 80.5

Averas;e 100.0 62.6 21.9 25.2 9·7 9oS 9.8 35·0 19-5 2.4 58.6 37-4· 78.1

COTTONSEED OIL

July 15 100.0 49.4 15.4 10.0 8.9 26.2 26.2 36.2 35-l 14.4 49.5 50.6 84.6 31 100.0 ~-5 19.8 u.a 10.7 23.3 23·3 35.1 34.0 14.4 46.2 49-5 80.2

AusUot 15 100.0 5.6 17-9 9-8 U-7 29.8 29.8 39·6 41.5 14.8 40.6 54.4 82.1 31 100.0 39.5 16.5 12.5 10.2 33-7 33-7 46.2 43-9 14.3 39.6 6o.5 83.5

September 15 100.0 41.7 19.5 U.9 7·9 31·9 31.9 43.8 39.8 14.5 40.7 58-3 80.5 30 100.0 46.1 19.8 u.s 6.9 29.0 29.0 40.8 35·9 13.1 114.3 53·9 80.2

Oetober 15 100.0 45.4 22.4 J.8.5 U.5 23.2 23.2 41.7 34-7 12.9 42.9 54.6 77-6 31 100.0 42.4 20.6 20.5 10.7 23.2 23.2 43.7 33·9 13-9 45.5 57.6 79.4

Novembar 15 100.0 41.8 17.1 20.3 8.9 24.8 24.8 45.1 33·7 13-l 49.2 58.2 82.9 30ljj 100.0 48.3 21.1 21.8 6.3 l.8.7 l.B-7 40.5 25·0 U.2 53·9 51-7 78.9

December 15 100.0 46.1 25.4 J.8.8 5.2 21.3 21.3 40.1 26.~ 13.8 48.1 53·9 74.6 31 100.0 50-3 21.4 13-3 7-8 24.3 24.3 37·6 32.1 12.1 46.5 49-7 78.6

JIUlllllry 15 100.0 50.6 23.0 14.9 6.0 24.6 24.6 3~-5 30.6 9-9 46.4 49.4 n.o 31 100.0 53.8 24.0 u.s 4.5 25.2 25-2 31.0 29·7 9.2 46.3 46.2 76.0

Febl"UAl"Y 15 100.0 54.3 29.6 12.6 5-l 21.2 21.2 33.8 26.3 U-9 114.1 45.7 70.4 28 100.0 55-7 30-2 U.2 4.9 21.6 21.6 32.8 26.5 U.5 43.3 114.3 69.8

March 15 100.0 56-9 30.6 8.8 6.4 22.0 22.0 30.8 28.4 12.3 41.0 43.1 69.4 31 100.0 55-2 27ol 4.8 7·7 27.8 21·8 32.6 35·5 12.2 37-4 04.8 72.9 April 15 100.0 53.4 21·9 5.1 9-3 26.2 26.2 31-3 35·5 15.3 36.6 46.6 72-l 30 100.0 52.8 32.4 7oO 8.7 20.3 20.3 21·3 29-0 19-9 38.6 47.2 67.6

!lay 15 100.0 53-9 35.0 8.6 1·1 19.6 19.6 28.2 21·3 17-9 37-7 46.1 65.0 31 100.0 56.1 33·7 8.4 6.8 19.3 19.3 21·7 26.1 16.2 40.2 43.9 66.3

June 15 100.0 59.0 31.4 7-8 9.6 17.5 l7o5 25.3 27ol l5o7 41.5 41.0 68.6 30 100.0 62.7 27.4 10.3 J.8.2 12.5 12.5 22.8 30-7 14.5 41.9 37-3 72.6

Averap 100.0 50-9 25.1 12.1 8.1 23.4 23.4 35.5 31·5 13.6 43.4 49.1 74.9

SOli!IWI OIL

Jul,y 15 100.0 36-~ l3o9 15.4 7.8 33.2 33.2 48.6 41.0 14.5 45.1 63.1 86.1

Auauot 31 100.0 35· 15.6 14.3 4.2 30.4 30.4 114.7 34.6 19.9 49.8 64.6 84.4 15 100.0 34.6 14.2 21.0 3.0 30.8 30.8 51.8 33-8 13.6 52.0 65.4 85.8 31 100.0 32.9 12.8 19-5 4.1 30.6 30.6 50-l 34-7 17.0 52.5 67.1 87.2

~tomberl5 100.0 30.2 12.6 J.8.9 4.0 29-6 29-6 48.5 33-6 21.3 53.8 69.8 87.4 October

30 100.0 32.2 9·4 1!0.4 4.1 21·9 21·9 48.3 32·0 19.5 58.6 67.8 90.6 15 100.0 31·9 10.2 21.4 4.8 22-7 22.7 44.1 21·5 l.B.o 62.3 62.1 89.8

November 31 100.0 39.1 10.4 20.2 3-7 24.2 24.2 04.4 21·9 16.5 61.7 6o.9 89.6 15 100.0 36-3 U.7 24.9 6.9 22-7 22.7 47.6 29-6 16.1 58.7 63.7 88.3

December 30ljj 100.0 42.3 14.5 24.2 10.0 1!0.9 1!0.9 45.1 30-9 12.6 54.6 57-7 85.5 15 100,0 37·3 18.6 21.3 U.7 J.B.o l.B.o 39-3 29·7 23.4 51-7 62.7 81.4

J......-y 31 100.0 41.1 1!0.3 15.6 14.0 l.8.7 18.7 34.3 32-7 24.6 47.0 58.9 79·7 15 100.0 35·9 J.8.3 21.7 U.l 1!0.8 1!0.8 42.5 31·9 21.6 49.8 64.1 81.7

Pebruoey 31 100.0 37-4 l.B.l 21.3 10,8 19.6 19.6 40.9 30.4 21-7 51-5 62.6 81.9 15 100.0 33-9 21.2 20.5 u.4 l.B.o J.B.o 38-5 29-4 27-6 49-4 66.1 78.8

March 28 100.0 33.6 22.0 21.1 12.1 l.B-7 l.8.7 39.8 30.8 26.6 47.2 66.4 78.0 15 100.0 45.5 24.0 10.6 10.8 16.8 16.8 27.4 21·6 21-l 48.4 54-5 76.0

Apru 31 100.0 48.2 24.5 5.8 13.5 15.8 15.8 21.6 29·3 30.2 46.2 51.8 75-5 15 100,0 46.9 26.6 9.6 13·7 14.7 14.7 24.3 28.4 28.8 45.0 53.1 73.4

!lay 30 100.0 50.1 22·7 8.5 21.5 12.0 12.0 1!0.5 33·5 29.4 43.8 49·9 11·3 15 100.0 ~·1 28.2 1·3 24.6 9·8 9-8 17.1 34-4 31.2 37.4 48.3 11.8

J\mo 31 100.0 9·6 21·8 10.7 19·1 12.6 12.6 23-3 32·3 27.1 39·9 50.4 72-2 15 100.o 48.4 28.7 11.7 15.6 14.1 14.1 25.8 29·7 25.8 41.6 51.6 11·3 30 100,0 44.6 25.3 23·7 U.1 13.2 13.2 36.9 24.3 J.8.5 50.4 55.4 74.7

- ....... 100.o 39·5 J.8.3 17.8 10.3 1!0.8 1!0.8 38.6 31·1 21.9 50-6 6o.5 81.7

76 COIHJDI:rY FUWRES

' Table 20.--Lons and short commitments ot reporting ODd nonreporting traders, expressed aa percentage ot total open contracts, on aJJ. contract markets combined, oemimonthly, July 1956 tc JUne 1957--ContiiN8d

Dote Total open contracts

------ ---.. ---·--

--July 15 100.0

31 100.0 August 15 100.0

31 100.0 September 15 100.0

30 100.0 October 15 100.0

31 100.0 November 15 100.0

30!!/ 100.0 December 15 100.0

31 100.0 JllllUBry 15 100.0

3l 100.0 February 15 100.0

28 100.0 March 15 100.0

31 100.0 April 15 100.0

30 100.0 May 15 100.0

31 100.0 June 15 100.0

30 100.0

Average 100.0 --

August 15 21 100.0 31 100.0

S<>rtember 15 100.0 30 100.0

October 15 100.0 31 100.0

November 15 100.0 30!!/ 100.0

December 15 100.0 31 100.0

JllllUBrY 15 100.0 3l 100.0

February 15 100.0 28 100.0

March 15 100.0 31 100.0

April 15 100.0 30 100.0

May 15 100.0 31 100.0

June 15 100.0 30 100.0

Average 100.0

July 15 100.0 3l 100.0

August 15 100.0 31 100.0

September 15 100.0 30 100.0

Octcbsr 15 100.0 31 100.0

N~ 15 100.0 30 100.0

December 15 100.0 31 100.0

JllllUBry 15 100.0 31 100.0

February 15 100.0 28 100.0

March 15 100.0 31 100•0

April 15 100.0 30 0

May 15 0 31 0

June 15 100.0 30 100.0

Averase 100.0

Report1ns (largo) traders' commi-nts y reported as: Nonroportins (omal.l.) 1------------=---='-'--=:...:-------'--T--..::..:.--'-;:__.:::___ ---y--------tradera' speculative Speculative

c:!~~~:;s?/ ----~ ~l ~~~T-- ~-1------,--- -!--s-hort onl,y fSpreadiilg) ·----t----.--~~---.----.. u-~-J Short __ ~_"~ ~-~r_t__ -~~-1 -~ Lons _.T_~-Sho--rt--"--Lo-ns __ ._l_-_•_t_"--_Lo_ns __ L.._I_Bbo_r_t_

Hedg1"1! Total.

LARD -

67.3 16.3 23.4 4.6 8.1 8.1 31·5 12.7 1.2 71.0 32.7 83.7 69.2 14.5 22.8 9.8 1·3 1·3 30.1 17.1 ·1 68.4 30.8 85·5 64.0 19.2 31.1 14.6 4.7 4.7 35.8 19-3 .2 61.5 36.0 Bo.8 66.3 16.2 19·5 13.0 13.4 13.4 32.9 26.4 .8 57-4 33·1 83.8 6o.5 22-9 22.1 10.1 15.6 15.6 37-7 25-7 1.8 51.4 39·5 77-1 55·9 22.2 20.7 12.2 22.9 22.9 43.6 35.1 ·5 42.7 44.1 77.8 54.4 22.1 19.2 13.2 25·9 25·9 45.1 39.1 ·5 38.8 45.6 77-9 48.2 17-3 19-5 25.0 25·3 25·3 44.8 50-3 r.o 32.4 51.8 82.7 4o.4 31.5 33.4 10.5 15·9 l5o9 49.3 26.4 10.3 42.1 59.6 68.5 44.1 41.7 33-2 6.1 21-9 21-9 55-1 28.0 .8 30·3 55-9 58-3 54.0 47.6 21.4 8.9 22.1 22.1 43.5 31.0 2.5 21.4 46.0 52.4 58-9 44.3 22.1 15-9 15.4 15.4 37.5 31.3 3.6 24.4 41.1 55·1 54.5 47.7 28.3 15.3 10.7 10.7 39.0 26.0 6.5 26.3 45-5 52-3 61.0 114.7 29·3 14.3 4.3 4.3 33.6 18.6 5.4 36.7 39.0 55·3 58.8 52.2 30·1 11.6 5·9 5·9 36.6 17-5 4.6 30-3 41.2 47-8 56.8 53-8 36.3 10.1 3.6 3-6 39·9 13-7 3-3 32·5 43.2 46.2 62.9 62.7 28.3 10.5 4.3 4.3 32.6 14.8 4.5 22-5 37.1 37-3 71-5 64.0 11.3 11.6 9·9 9-9 21.2 21.5 1·3 14.5 28.5 J6.o 66.0 59-5 16.4 11.0 10.9 10.9 21·3 21.9 6.7 18.6 34.0 4o.5 58•6 44.7 16.9 23.8 13.1 13.1 30.0 36·9 11.4 18.4 41.4 55-3 55.4 54.3 24.6 28.8 10.0 10.0 34.6 J8.8 lO.O 6.9 44.6 45-7 64.5 51.6 15.3 29.2 8.1 8.1 23.4 37-3 12.1 11.1 35-5 48.4 67.6 56.2 13.0 21·5 6.1 6.1 19.1 33.6 13.3 10.2 32.4 43.8 55-3 45.3 19.9 26.8 10.0 lO.O 29·9 36.8 14.8 11·9 44.7 54·7

59-5 36.4 23.2 14.9 12.4 12.4 35.6 21·3 4.9 36.3 4o.5 63.6 -- ·--------

64.3 27-1 0 12.9 35·7 35·7 35-7 48.6 0 24.3 35·1 72·9 70.4 32.4 0 12.7 29·6 29·6 29.6 42.3 0 25-3 29·6 67.6

100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100,0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100,0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0

92.6 84.1 0 2.9 7.4 7.4 7-4 10.3 0 5.6 7-4 15·9

100,0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 . 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100,0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100,0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 l.Oo.o 100.0 0 0 0 0 0 0 0 0 0 0 100,0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 33-3 0 0 0 0 0 0 0 66.1 0 66-7 100.0 25.0 0 0 0 0 0 0 0 15·0 0 75·0 100.0 28.6 0 0 0 0 0 0 0 71.4 0 11·4 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0 100.0 100.0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

100.0 100.0 0 0 0 0 0 0 0 0 0 0 21.4 100.0 0 0 0 0 0 0 78.6 0 78.6 0

95·8 87.1 0 0 0 0 0 0 4.2 12.9 4.2 12·9 -

Date

rul; 15 31

ueuot 15 31

ptcmber 15 30

ctobcr 15 31

1/ovetnber 15 30

December 15 31

JWluary 15 31

February 15 28

March 15 31

April 15 30

Hay 15 31

,June 15 30

~erf16e

.ely 15 31

IIU/JUOt 15 31

September 15 30

October 15 31

1/ovcmber 15 30

December 15 31

January 15 31

February 15 28

!olo.rch 15 31

April 15 30

Hay 15 31

June 15 30

Aver£l6e

-'"ly 15

l1uguat 31 15 31

September 15

October 30 15

November 31 15

December 30 15

Jrunmry 31 15

Pobruo.ry 31 15

March 28 15

April 31 15

'"" 30 15

,J\JJU) 31 15 30

Average - ---

COMII:lDITY l'U'l'IJRm

Table 20.--I.ong and ohort commitments of reporting and nonreporting troders~ exprosBed o.a percentage of total. open contracts, on all contract marketo comb.lned, semimontbl.y 1 July 1956 to June 1957 --Continued

Reportill8 (ls.rgc) traders' comrnl ~~t.e !J reported o.s: Nonrcportlll8 (omoll) -----trollers' lpeculative Speculative

Total. open and bedg1!18 Hedging commitments ?/ Lone or Long and short Total contracts short only (Sprcadlll8)

I -- . --~;~ ·--I··--~~;t- --

1 I J Long Short Long Short Lo!18 Short Loog Short

SHORTS

100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 ~ 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 J 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 50.0 100.0 0 0 0 0 0 0 50.0 0

- ~-

100.0 98.9 100.0 0 0 0 0 0 0 1.1 0

MIDDLINGS ··- -------- --~- ---·----

100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 =·o 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 100.0 100.0 0 0 0 0 0 0 0 0 100.0 88.9 77·8 0 0 0

------1--·------ ·---· ----· 100.0 99.4 98.7 0 0 0 tt_~

0 0 11.1 22.2

0 0 .0 1.3

COTI'ONSEED MEAL

100.0 83.2 90·3 7·1 0 9·7 9·7 16.8 9.7 0 0 100.0 82.2 66.4 1.0 0 16.8 16.8 17.8 10.8 0 16.8 100.0 83.0 57.0 0 2.0 17.0 17.0 17·0 1.9.0 0 24.0 100.0 78.4 58.6 5·2 0 100.0 67.4 47.1 3·7 0 100.0 58.1 29·3 0 0 100.0 59·7 41.4 0 0 100.0 66.7 66.7 12.1 0 100.0 72.3 57.8 0 0

16.4 16.4 2l.o 1£>.4 0 13.0 13.0 16.7 13.0 15.9

0 0 0 0 41.9 0 0 0 0 40.3 4.2 4.2 16.3 4.2 17.0

10.2 10.2 10.2 10.2 17 ·5

25.0 39·9 70.7 58.6 29.1 32.0

100.0 75.2 64.1 0 0 100.0 71.6 65.8 0 0

0 0 0 0 24.8 0 0 0 0 213.4

35·9 34.2

100.0 100.0 53.1 0 0 100.0 100.0 100.0 0 0

0 0 0 0 0 0 0 0 0 0

46.9 0

100.0 6".1 70.5 0 25.6 100.0 39.0 52.4 0 0 100.0 35.8 46.0 0 0 100.0 41.7 22.7 0 0 100.0 411.1 22.1 0 0 100.0 41.11 19.5 0 0 100.0 71.0 29.0 0 0 100.0 100.0 47.6 0 0 100.0 100.0 42.7 0 0 100.0 71.7 32.1 0 0 100.0 71.1 37 ·7 0 0

0 0 0 25.6 35·9 0 0 0 0 61.0 0 0 0 0 64.2 0 0 0 0 58.3 0 0 0 0 55.9 0 0 0 0 58.6 0 0 0 0 2<).0 0 0 0 0 c 0 0 0 0 0 0 0 0 0 28.3 0 0 0 0 28.9

3.9 47.6 54.0 77·3 77·9 8o.5 71.0 52.4 57 ·3 67.9 62.3

·-~-----· -------- -- ·-·------- -

77

Toto.l

Looe 1 Short

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

50.0 0

1.1 0

. ~ ~---

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

U.1 22.2

.6 1.3

16.8 9·7 17.8 33.6 17.0 43.0 21.0 41.4 32.6 52.9 41.9 70.7 40.3 58.6 33.3 33.3 27.7 42.2 24.8 35·9 28.4 34.2 0 46.9 0 0

35.9 2~).5 61.0 47.6 64.2 54.0 58.3 77·3 55·9 77·9 58.6 8o.5 29.0 71.0 0 52.4 0 57 ·3

28.3 67.9 28.9 62.3

------- ------ -----100.0 67.7 49.4 1.3 ·7 3.6 3.6 4.9 4.3 27.4 h6.3 32.3 5().6

---·-·----- -- ·------- -· -. - ~- .. ----- --- -------

78 Table 20.--Lone: and short commitments of' reporting and nonreporting traders, expressed as percentage ot total open contracts,

on all contract markets combiood, aemimonthl,y, July 1956 to,JUne l957--Continued

Reportllll; (larso) tradero 1 commi tmenta 1/ reported o.s: Nonreportine (small) trCLdera• epeculo.tive Speculative

Total open lllld hedging Do.te comm:l tments .2/ !Qng or long o.tld short contracts ehort only (Spreadine)

Loiii! I Short Lolli; I Short Lolli; I Short La Ill!

SOYBEAN MEAL

July 15 l.OO.O· ~·7 14.0 23.7 15.9 16.1 16.1 39·8 3l l.OO.O 27·2 16.4 16.2 19.2 l6.1 l6.1 32.3

August 15 lOO.O 25.0 17.5 19.1 19·7 15·5 15.5 34.6 3l 100.0 21.7 18.5 15.7 24.3 15.3 15.'3 31.0

September 15 l.OO.O 16.1 16.0 23.4 23.4 9·9 9·9 33·3 30 l.OO.O 15·9 14.7 14.0 13.1 10.9 10.9 24.9

October 15 100.0 21.0 10.5 15.2 10.7 8.3 8.3 23-5 31 100.0 20.5 10.0 20.9 2.8 7-8 7-8 28.7

November 15 100.0 18.6 u.4 25-2 3.5 8.4 8.4 33.6 30 l.OO,O 20.0 10.9 24.7 3·7 8.3 8.3 33·0

December 15 l.OO.O 23.2 n.o 24.8 3.4 8.1 8.1 32·9 31 l.OO.O 23.4 n.o 24.7 1.0 8.6 8.6 33·3

J""""'7 15 100.0 24.5 l2.5 29·8 .4 8.o 8.o 37.8 31 l.OO.O 28.8 17.2 32.6 2.8 4.8 4.8 37.4

February 15 100.0 29·0 14.9 35.6 4.9 5.1 5·1 40.7 28 100.0 28.5 14.8 39.6 5·1 7·8 7·8 47.4

MB:rch 15 l.OO.O 30.4 19.9 39.6 8.4 8.4 8.4 48.o 31 l.OO.O 28.2 20.7 37.3 9·9 8.7 8.7 46.0

April 15 100.0 26.4 17.6 32.0 u.6 9.6 9·6 41.6 30 100•0 24.3 19.0 29.6 15-7 10.0 10.0 39.6

May 15 100.0 21 •• 0 20.4 38.5 24.3 4.0 4.0 42.5 31 100.0 25.8 22.6 32.7 19·7 8.2 8.2 40.9

June 15 l.OO .o 23.6 18.8 21.9 19.6 14.3 14.3 36.2 30 l.OO.O 24.0 16.7 21.2 15.6 14.6 14.6 35.8

Average l.OO .o 24.1 15.1 26.9 10.0 9·4 9·4 36.3

!} Reporting traders are persons Sllbjeet. to reporting requirements under the CoDrnod.ity Exchrulge Ac:t.

gj Derived by subtract1D8 reporting traders' comm1 tm.ente trom total open contracts o

}/ Less· than 0.05 percent o

Jledgiiii! To tel.

l Short Lo116 l Short

32.0 30·5 54.0 35·3 40.5 48.3 35.2 40.4 47.3 39.6 47 ·3 41.9 33-3 50-6 50-7 24.0 59·2 61.3 19.0 55·5 70·5 10.6 50.8 79.4 ll-9 4?.8 76.7 12.0 47.0 77·1 11.5 43.9 77·5 9.6 43·3 79.4 8.4 37·7 79.1 7.6 33.5 75.2

10.0 30·3 75.1 l2.9 24.1 72.3 16.8 21.6 63.3 18.6 25.8 Go.? 21.2 32.0 61.2 25.7 36.1 55·3 2CJ.3 33·5 51.3 27·9 33·3 49.5 33.9 40.2 47.3 30.2 40.2 53.1

19.4 39.6 65·5

y On November 24 1 19561 reporting requirements on cottonseed oil and soybean oil changed trom 9001 000 pounds to 1,500,000 pounds; on l.a.rd and tallow f'rom 6001 000 pounds to 1 1 000 1000 pounds.

'2f Trading resumed August 1, 1956. (Discontinued June 5, 1941.)

NOTE: No traders in reporting status in butter during the year, July 1956 to June 1957.

'' ll. ~. GOVEHNMENT PRINTING OFF!C'E: 1957 0- 441660

Loll8

70·3 72.8 75.0 78·3 83.9 84.1 79-0 79·5 81.4 ao.o 76.8 76.6 75·5 71.2 71.0 71·5 69.6 71.8 73.6 75·7 76.0 74.2 76.4 76.0

75·9

TotoJ.

I Short

8 8 8

8

86.0 3.6 2.5 1.5

84.0 5.3

8 8 8 8 a

139.5 90.0 88.6 89.1 139.0 g.o 7·5 2.8 j.l 5.2

80.1 7 8 8 7

8

9.3 2.4 l.O 9.6

77-4 1.2

f ·3 -,_

I .. 9