I’m a size buyer of cash Hendricks and Tanqueray Ten

From CME trader Ryan Carlson’s excellent Trading Pit History blog, here is a photo of possibly the greatest open-outcry exchange ever: the American Liquor Exchange. Sadly defunct now, it thrived in the mid-1930s, with this Pittsburgh Press article from 1933 reporting heavy buying interest in forward-dated Scotch ahead of the repeal of Prohibition.

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