Saturday, June 18, 2011

NYMEX butter certificate

Presented above is a NYMEX butter inspection certificate from 1919 which is actually a tribute to the origins of NYMEX even though we know of it as an energy exchange now.  From wikipedia:
"In 1872, a group of Manhattan dairy merchants got together and created the Butter and Cheese Exchange of New York. Soon, egg trade became part of the business conducted on the exchange and the name was modified to the Butter, Cheese, and Egg Exchange. In 1882, the name finally changed to the New York Mercantile Exchange when opening trade to dried fruits, canned goods, and poultry."
* I'm going on a mandatory trip w/my inlaws which will also be a digital detox for me so no posts for the next week. 
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