Friday, January 23, 2009

PIT the trading game

Board games company Parker Brothers developed a game called Pit in 1904 based upon the action of the open outcry trading pit. The premise of the game is to 'corner a market' through a participant trading cards with others in hopes to hold every card issued for a particular grain. The edition photographed below is the 1919 edition but new additions are still manufactured and available for roughly $10-15. The best description of the history and method of playing is available at this wikipedia link:

Monday, January 12, 2009

CBOT hand signal instructional sign from old visitors gallery

This piece was obtained by a former CBOT member who received it when the old visitor's gallery was torn down. I'm not sure when the quoting of grains went from 1/8th of a cent to 1/4ths of a cent so please inform the blog by emailing tradingpithistory 'at' or writing in the comment box if you know so. Thanks!

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