Although P.D. Armour didn't want high wheat because he was short... he did deliver the Dec. wheat in spite of frozen lakes and Joe Leiter laughing in his face. Wheat actually kept rising and hit $1.85 the following May. Leiter incredibly still hung on till June when the huge surpluses arrived.
Seems like all the rogue traders have that audacious type of personality as well as that one major "what if" moment.
That screengrab was taken from the book- Life and Character of William Taylor Baker: President of the World's Columbian Exposition and of the Chicago Board of Trade
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Great cartoon! How do you find this stuff?
Although P.D. Armour didn't want high wheat because he was short... he did deliver the Dec. wheat in spite of frozen lakes and Joe Leiter laughing in his face. Wheat actually kept rising and hit $1.85 the following May. Leiter incredibly still hung on till June when the huge surpluses arrived.
Seems like all the rogue traders have that audacious type of personality as well as that one major "what if" moment.
That screengrab was taken from the book-
Life and Character of William Taylor Baker: President of the World's Columbian Exposition and of the Chicago Board of Trade
http://books.google.com/books?id=y_RYAAAAMAAJ&printsec=frontcover&dq=Life+and+Character+of+William+Taylor+Baker&source=bl&ots=vtvNurJjOT&sig=RqmOk1BB1WfQpgyUwM0eLxeeTEA&hl=en&ei=p_wYTPGlEpP0NYa49fAE&sa=X&oi=book_result&ct=result&resnum=1&ved=0CBIQ6AEwAA#v=onepage&q&f=false
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