Operations
Trading was conducted in an "Itayose" auction-like system. There were four sessions each day, in which a single price was established for each contract month for each commodity.
Commodities traded were
- Potatoes — Japanese produced Dansyaku size "L"
- Japanese raw silk — 27 denier 3A produced in Japan
- Vegetables — cash settled average of several vegetable prices
In the past dried cocoons were traded.
Read more about this topic: Yokohama Commodity Exchange
Famous quotes containing the word operations:
“Plot, rules, nor even poetry, are not half so great beauties in tragedy or comedy as a just imitation of nature, of character, of the passions and their operations in diversified situations.”
—Horace Walpole (1717–1797)
“It may seem strange that any road through such a wilderness should be passable, even in winter, when the snow is three or four feet deep, but at that season, wherever lumbering operations are actively carried on, teams are continually passing on the single track, and it becomes as smooth almost as a railway.”
—Henry David Thoreau (1817–1862)
“You can’t have operations without screams. Pain and the knife—they’re inseparable.”
—Jean Scott Rogers. Robert Day. Mr. Blount (Frank Pettingell)