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Press Telegram in Long Beach, California

27 Mar 1973

Page 11

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Press Telegram March 27, 1973 Page 11 old newspaper archives

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Articles on This Page

This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Press Telegram

Location

Long Beach, California, United States of America

Date

Mar 27, 1973

Page

11

Mercantile seat costs more than Big Board trade

New York broker paid 95 000 for Big Board seat while Mercantile Exchange seat fetched 420 000 illustrating soaring speculation in commodity prices. Michael Weinberg Jr cites about 500 000 traders in commodities vs 50 000 years ago with projections to 3 million by 1980.

MENTIONED IN THIS ARTICLE

New York Chicago Mercantile Exerdire New York Stock Exchange General Motors Mercantile Exchange Chicago Chicago Board of Trade The Michael Weinberg Jr Board of Trade
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Profit and Risks of Commodity Trading Amid Market Swings

An article explains how traders profit from price movements in commodities by leveraging forecasts of supply demand and weather to buy low and sell high. It highlights a $11,870 profit by Feb 16, 1973 with no commission, and cautions that disciplined timing is required to avoid losses in falling markets.

MENTIONED IN THIS ARTICLE

Boweht Fed
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Also Mentioned on This Page

Clie Mercantile John Cunniff NEW York Stock CK Exchange Transac Etna Sodarin Manet Patelie Amin Abu Moy Ieee Ceara Streiaig Marco Armad Maren ETS Umwarery Alana Wuchtestes 2d Totoaegay Bos Tnt Mielsen EagmarsHel Sisal NERC Horacetann Sealy Hi Blan Bea Ae i Oraebean HyarWestn Lifette Uae Teliaues Houy Gallien Trent California Hyba Ava Lee Mayera Hevreara Enanly Sarge Iain Bag Elias Wi Sonptiusios Sr Reali Ike Wheats & Haken Warnovese Sony Abs Asia Ernstawig Aish Masia Halunel Titan York Wbanares Westall Iene
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