Business & Finance: Index: Jan. 28, 1929

Seat. A seat on the New York Stock Exchange has appreciated in value from a 1927 high of $305,000 to a 1928 high of $595,000, to a current 1929 quotation (last week) of $620,000.

Fruits, vegetables. Trading in futures (raw silk, rubber, cocoa, not yet harvested) permits the producer and buyer to protect himself against unforeseen crop disasters. The Chicago Mercantile Exchange offers this hedging-by-speculation privilege in butter and eggs only. Last week its members considered new commodity admissions—other milk products, vegetables, fruits, canned foods. Cheesemakers, potato and apple growers, canners would, they...

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