COMMODITIES: Odorous Onions

On the Chicago Mercantile Exchange, the giddy fluctuations in onion prices seemed very suspicious to the Commodity Exchange Authority. Beginning at $2.75 per 50-lb. bag last August, the price skidded t010¢ by mid-March. Last week the Commodity Exchange Authority formally charged that it had sniffed out—as it suspected—a price manipulation plot.

CEA said that the market-rigging had been directed by a New York onion grower, Vincent W. Kosuga, and a Chicago produce distributor, Sam S. Siegel, in a deal with 13 onion growers. But partway through, said CEA, the city slickers seemed...

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