• IdentificationMSCBT0007
  • TitleChicago Board of Trade Records: Series III - President Warren W. Lebeck correspondence MSCBT0007
  • PublisherSpecial Collections
  • LanguageEnglish
  • RepositorySpecial Collections
  • Physical Description55.5 Linear feet
  • Date1973-1978

Processed by Sarah McMahon and Mike Hartge April 2011-May 2012. Finding aid by Kit Fluker and Jae Lurie. 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.

Warren W. Lebeck’s presidential files are arranged alphabetically and roughly chronologically. However, some correspondence, including speeches, legislation, and Board of Directors materials, are arranged by month and in a few instances only by year. Some correspondence was arranged by certain topics and filed at the end of the collection.

Warren W. Lebeck was secretary of the Chicago Board of Trade from 1957 to 1973, and Board of Trade president from 1973 to 1977. Prior to joining the Chicago Board of Trade in 1954 as an assistant secretary, Lebeck worked as a secretary to Sewell Avery, chairman of Montgomery Ward & Co. With secretary Robert C. Liebenow's appointment as president in 1956, Lebeck became acting secretary, then secretary in 1957. In 1965, he was named executive vice president while continuing to serve as secretary. The position of executive vice president allowed Lebeck to take on greater administrative responsibilities during the period from 1965 to 1967, when CBOT did not have a president. After his retirement from the position of president in 1977, Lebeck continued to be involved with the Chicago Board of Trade as senior executive vice president until 1979.

In addition to his duties as an officer of the Board of Trade, Lebeck gave frequent talks and seminars on various commodities and issues affecting commodity trading. He was a member of the board of directors of the Tuberculosis Institute of Chicago and Cook County, and he was also on the board of directors of the Union League Club of Chicago, where he helped create the South Loop Improvement Project. He died in 2007.

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 Warren W. Lebeck's presidential files ranging from 1973-1978. Lebeck was president from 1973-1977. The record group largely consists of correspondence, but also includes Lebeck's speeches. Boxes 126 to 133 are secretarial files created in 1973 before Lebeck became president.

See also Chicago Board of Trade records: Warren W. Lebeck secretary correspondence.

  • Names
    • Chicago Board of Trade.
    • Lebeck, Warren W.
  • Subject
    • Commodity exchanges--Law and legislation.
    • Commodity exchanges.
    • Commodity futures.
    • Futures.
  • Geographic Coverage
    • Illinois--Chicago.
    • United States.