Business: Commodity Compromise

The Chicago Board of Trade is one of the nation's last untamed financial frontiers, where fortunes are often won and lost in a week of frenzied commodities dealing. Last week the board got a new president, quiet, methodical Warren W. Lebeck, 52, an officer of the C.B.T. for the past 19 years. Lebeck was picked by the board of directors after a divisive five-month manhunt. He is a compromise candidate, who lacks the charisma and political clout of his $110,000-a-year predecessor, Henry Hall Wilson, a well-connected Democrat who returned home to North Carolina last June to challenge Sam Ervin for his...

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