Word: katzenberg
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Dates: during 1929-1929
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...More than 2,000,000 pounds of hide futures, with a money value of about $350,000 changed hands during the first day's trading. August hides sold from 16.78? to 16.82? a pound, with the sale unit 40,000 pounds. President of the Exchange is Milton Robert Katzenberg. vice president of Andreson Stern, Inc., Manhattan hide establishment...
Said President Katzenberg: "Abrupt price fluctuations are most devastating to dealers, tanners and importers. With the Exchange in operation there will be a ready market, and while the trend will be governed by actual conditions prevailing in the trade, fluctuations will be reasonably regulated and [traders] will have an opportunity to make hedge sales whenever they feel inclined...