• IdentificationMSCBT0013
  • TitleChicago Board of Trade Records: Series III - James J. Fones secretary correspondence MSCBT0013
  • PublisherSpecial Collections
  • LanguageEnglish
  • RepositorySpecial Collections
  • Physical Description44.0 Linear feet
  • Date1920-1929

Processed by Cory Davis, John Rosen, Lindsay Menard and Kit Fluker August-November 2010-2011. Finding aid by Kit Fluker. Edited and encoded by Jae Lurie April 2012.

[Collection Title], Special Collections and University Archives, University of Illinois at Chicago

The records of the Chicago Board of Trade at the University of Illinois at Chicago are closed for 50 years from the date of record creation. Please contact Special Collections before visiting to ensure that the materials are available to the public.

The Chicago Board of Trade records were received by Special Collections and University Archives in numerous accessions between 1968 and 2000.

Materials from accessions 1968-113, 69-11, 72-44, 72-48, 74-16, 74-33, 75-68, 76-115, 77-53, 77-89, 78-91, 79-42, 81-21, 81-22, 81-23, 81-49, 81-110, 82-46, 83-50, 83-51, 84-28, 84-41, 84-42, 85-29, 86-3, 86-4, 86-5, 86-16, 86-17, 86-18, 91-11, 91-24, 92-11, 92-19, 93-1, 93-21, 93-30, 95-28, 97-2, 97-14, 97-32, 98-2, and 2000-37 were merged into one collection. Materials from each accession may be described in this finding aid.

Files are arranged alphabetically by year, with some years combined. Boxes 665 to 667 contain some files from 1922 and 1923 that were not integrated with the bulk of the files from those years. Files from 1927 to 1928 (boxes 717 to 747) are missing files for A through D.

Boxes 642-667 and 717-747 are also listed in the container lists for John R. Mauff's and Fred H. Clutton's secretary correspondence, respectively.

Most file headings are letter ranges (e.g. Sti-Sto). Some file headings that occur in the record group are listed below:

US Department of Agriculture (USDA) (also under US)

Adkins, Charles - speaker on a CBOT "educational campaign"

Arnot, Samuel P - CBOT executive vice president

Badenoch, J.J.

Bartlett Frazier Co.

K.R. Beak and Co.

Begg, James A.

James E. Bennett and Co.

Broomhall, J.D. - Corn Trade News

Brosseau, P.C.

Decrees in bucket shop cases

Carey, Frank L. - CBOT president

Central Seed Wheat Association

Chamber of Commerce [of the United States]

Chicago Association of Commerce

Clippings

Duluth Board of Trade

Fenner and Beane

Flour stocks

Gates, L.F.

Grain Exchange Legislative Committee

Griffin, J.P.

Illinois

Kansas City Board of Trade

Lamson Bros. and Co.

Legislative file

Lewis, Fred S. - CBOT vice president

MacMillan, P.W. - reports from Washington DC

McNary-Haugen bill (HR 5563)

Milwaukee Chamber of Commerce

Minneapolis Chamber of Commerce

New Orleans Board of Trade

New York Cotton Exchange

New York Stock Exchange

Philadelphia Commercial Exchange

Theo. H. Price bulletins

Professors interested in the Chicago Board of Trade

Press Tickets

Radio programs

Robbins, Townley, and Wild

St. Louis Merchants Exchange

Townley, Morris - Townley, Wild, Campbell and Clark

United States (US)

-- Department of Commerce

-- senators and representatives

-- Department of Agriculture (USDA)

Western Union Telegraph

Winnipeg Grain Exchange

The Chicago Board of Trade (CBOT) was started in 1848 by a small group of Chicago businessmen. The exchange was formed to help structure the grain trade in the Midwest. Before the Chicago Board of Trade came into being, the market for grain was extremely volatile with prices high in the winter and low in the summer, resulting in poor economic conditions for farmers. The early Board of Trade helped to create stable economic conditions for regional farmers and also worked to create standards and grades for various grains along with inspection processes to help ensure buyers received the goods for which they had paid. In 1859 the Illinois legislature granted the Chicago Board of Trade a charter allowing self-regulation. By 1865 the CBOT had a permanent location in the Chicago Chamber of Commerce Building and about 150 members. The Chicago Board of Trade was governed by its members and an elected Board of Directors. Rules and Regulations regarding day-to-day activities of the exchange were amended frequently as the organization responded to the issues of the time. The established organization of the Board of Trade in its early years was mostly maintained over time with revisions to rules and additions and subtractions to the organization based upon the economic, political, and technological climate at the time.

This record group consists of the files of James J. Fones from 1923 to 1928, when he served as secretary of the Chicago Board of Trade. The material is mostly correspondence, but also includes newsletters, notices, clippings, booklets, warehouse records, commentary on legislation, and texts of congressional bills. Correspondence includes notices to CBOT members and staff regarding decisions made by the Board of Directors, rules and practices, and commodity prices, as well as notices regarding delivery and storage of commodities. The record group includes correspondence with local exchanges, local chambers of commerce, and national organizations, including the US Chamber of Commerce. Also present is correspondence with government agencies and legal counsel, including attorneys Henry S. Robbins and Morris Townley. The record group includes materials related to the McNary-Haugen farm bill, as well as material related to bucket shop investigations.

The record group contains files from 1922 and 1923, which include records of Fones' predecessor, John R. Mauff. Files from 1928 include records of Fones' successor, Fred H. Clutton. Assistant secretary Walter S. Blowney was also responsible for some correspondence.

  • Names
    • Chamber of Commerce of the United States of America.
    • Chicago Board of Trade.
    • Clutton, Fredrick
    • Fones, James J.
    • Mauff, John R.
    • United States. Capper-Tincher Act of 1922.
    • United States. Department of Agriculture.
    • United States. Grain Futures Administration.
  • Subject
    • Commodity exchanges--Law and legislation.
    • Commodity exchanges.
    • Commodity futures.
    • Futures.
    • Grain.
  • Geographic Coverage
    • Illinois--Chicago.
    • United States.