Magazine content is available exclusively for TIME subscribers.Business & Finance: Berlin Buys
Chicagoans marveled at an order for May rye telephoned to the Chicago Board of Trade by Henry Hentz & Co. of Manhattan. The amount was not so stupendous—30,000 bushels. The bid price was not so unusual—$1.19.* But when Chicago said, "All right, we'll fill your order," Manhattan replied, "Please execute it at once and confirm. It's an order from Berlin, and Berlin is holding the wire." Chicago executed and confirmed. Manhattan told Berlin. Berlin hung up, pleased by efficiency. . The entire transaction had occupied nly three minutes, cost $53.25
Henry Hentz &...
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