Skolnik, Richard (contributor) - In: New York economic review : journal of the New York … 33 (2002), pp. 42-51
. Benefiting from weak harvest forecasts he built up a
considerable long position in the cash grain and in futures contracts in …
the storage capacity in Chicago from around 8 million bushels to 5.5 million. An important wheat
merchant, John Lyon … the Chicago price
was high enough to make shippers transport wheat from Buffalo back to Chicago to sell it to Lyon.
In …