Annual Report of the Trade and Commerce of Chicago Volume 63 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 edition. Excerpt: ...for the sole purpose of obtaining members' rates, such corporation shall be thereafter, and so long as such member shall remain such officer and stockholder, entitled to members' rates provided in this rule; provided, that for the purpose of this rule, not more than one corporation can be represented by the same member of this Association as its executive officer. Whenever any such corporation shall be so found entitled to members' rates, it shall, whenever requested by the Board of Directors, or such committee, make a full disclosure of the then existing relations of such member to such corporation. If it shall refuse so to do, its right to members' rates shall thereupon cease. B. On all transactions for the account of any officer, agent, employe or stockholder of any such corporation, not a member of this Association, such corporation must exact non-members' rates of commissions. C. No firm or corporation shall enjoy members' rates by virtue of a membership in the Chicago Board of Trade in the name of one of its members, if a firm, or in the name of one of its executive officers. If a corporation, if said member of the Board shall at the same time be a member of a firm, or an executive officer of a corporation, represented in the membership of the Clearing House of the Board of Trade. One membership shall only secure members' rates to one firm or one corporation. CONSTRUCTIONS. Sec 9. A. On all transactions where the purchase or sale of cash grain is made contingent on the price ruling for future delivery, and where the purchase or sale of the future delivery is at once accomplished, fixing by such transaction the value of the cash grain so bought or sold, it shall be construed that the purchase or sale of the future delivery shall be a...