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Show CHICAGO GRAIN PIT SIGN LANGUAGE BACK AGAIN ' (By International News Service) CHICAGO Sifc-n language with Its mystery to the lay mind and Its vital i Importance to the trader, came back Into the grain pit with the recent resumption re-sumption of deullng In wheat for fu ture delivery on tho C'hicugo lioard 'of Trade. By the simple movement of the fln- Igers buyers and sellers In the world 'open market where supply anil de-mand de-mand are the dominating Influence I make transactions involving thousands of dollars within tho limits of a few .seconds. "There is seldom an error despite I the volume of business each day. said I Israel P. Humscy. who became a mem-Iber mem-Iber of the board just sixty years ago !this month. I'ndcr the board's rigid 'rules no contract, oral or written. Is (more binding than the contracts to i-whlch a board nu mber is a party. I "Kalso u clenched fist, palm turned outward, and vou are signalling that 'you'll sell at an even price of, aay, A finger extended means , cent, two fingers spread .ipart t cent, ami so on Turn the palm Inward and If Islgnlfies a desire to purchase. When the fingers are held vertically the quantity is Indicated, each finger representing rep-resenting 5000 bushels. To the on-I on-I looker It Is confusing to see a bun-Idred bun-Idred arms and several hundred fingers in th: air ut one time Rut to the Df-IflClal Df-IflClal reporters who record each transaction trans-action there is no doubt or misinterpretation." |