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...staples ever since clipper ships poked their prows across its cobblestones in the time of George I. The Commodity Exchange was formed there in May 1933 by a merger of the Rubber, Silk, Metals and Hide Exchanges. All four had been sponsored by the same group of commodity traders??? Francis Robinson Henderson, who made and lost fortunes in rubber; Lawyer Julius B. Baer; Jerome Chester Cuppia, partner in E. A. Pierce & Co.; and Jerome Lewine, partner in H. Hentz & Co. A fifth venture, the Burlap & Jute Exchange, was a failure. One year ago the Commodity Exchange moved to its present...

Author: /time Magazine | Title: Business: Slabs & Pigs | 7/16/1934 | See Source »

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