Agriculture, U: Trade in Cotton Futures, Vol. 1

Excerpt from Trade in Cotton Futures, Vol. 1: March 1940Cotton was added to the list of commodities supervised by the Commodity Exchange Administration by an amendment to the Grain Futures Act which was approved June 15, 1936. One of the reasons for that amendment was the need for accurate and detailed informa tion on cotton futures transactions. Prior to the enactment of that law current information relating to cotton futures transactions 'was unavailable.For a number of months the Commodity Exchange Administration has been publishing daily the volume of trading CL each contract market and the amount of open contracts. It has been publishing 'weekly the volume of unfixed call sales and call purchases outstand ing on the books of merchants With futures contracts of bales or more in a single future. At the end of each fiscal year it pub lishes figures on the volume of trading, open contracts, position of traders having bales or more in any one cotton future, deliveries and prices.In an endeavor to increase the usefulness of the statistics on cotton futures trading compiled by this Administration and facilitate their use, the issuance of a monthly summary of such statistics is being inaugurated. This is the first issue. It gives detailed daily figures by markets on the volume of trading, open contracts and prices. From time to time other items of current interest Will be included.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.