Josef Lex (El buen soldado Švejk)
Wien, 2. Bezirk, Art of Facades of Vienna (Börse für Landwirtschaftliche Produkte), Bolsa de Productos Agrícolas, Bourse pour des Produits Agricoles, Stock Exchange for Agrarian Products, Borsa per Prodotti Agricoli (Taborstraße)
Stock exchange for agricultural products
(Pictures you can see by clicking on the link at the end of the site!)
Vienna, 10 Tabor Road, stock exchange for agricultural products, 2008
Picture from 1900
The Attic inscriptions
The back side of the Great Mohrengasse
Interior, adapted as Odeon Theatre 2010
The market for agricultural products in Vienna, in short, Commodity Exchange, is a in 1869 founded produce exchange, without time bargain. It is located since 1890 in a 1887-1890 specifically created building in Tabor street in Vienna's Leopoldstadt.
During National Socialism in Austria (1938-1945) as well as because of market organisation act, from 1949 to 1994 the stock market possessed no power. With Austria's EU accession in 1995 the stock market was reactivated and resumed the function of the finding of the target price (Richtpreisfindung) for the Austrian market by the major market participants. Stock exchange listings are taking place on a weekly basis.
In addition, the Vienna Commodity Exchange has a tribunal that is responsible for all members and trading partners in the event of disputes.
History
Since 1812, the grain trade is a free business in Austria, therefore, therefore, corn a commodity. With the development of trade in 1853 arose the Viennese fruit and flour stock exchange. This was for the moment subordinated under the Vienna Magistrate and was only on 24 June 1869 independent. This was the birth year of the Vienna Commodity Exchange. Whose trade for the moment took place in the café Commodity Exchanges in Vienna's Leopoldstadt (2nd district). With the increase of trading volume and the trading participants, the construction of a separate stock exchange building was decided. The contract for this got in 1887 the architect Karl König, who built the Stock Exchange building in Tabor street, near the café in the Neo-Renaissance style. The completion and the start of trading took place on 23 August, 1890. In Latin letters the motto of the stock market was walled in: in usum negotiatorum cuiuscumque Nationis ac linguae ("the merchants of all nations and all languages dedicated").
Until the First World War, the Stock Exchange was the most important market for agricultural products of the Austro-Hungarian monarchy. After its demise, and the years of inflation, stock exchange trading experienced a large decline, of which the stock market not recovered until the mid-20s.
In 1938, after the annexation of Austria to Germany, the stock market was closed. During the Second World War, the stock market was hit in air raids on Vienna, the trading hall burned down . After the war was began with the rebuilding. On 10 November 1948 followed the reconstitution of the Stock Exchange Chamber and on Wednesday, the 29th July 1949, the first stock exchange meeting was held in Taborstraße in the repaired stock exchange building. The stock market was now, however, because of market regulation law determining the fixing of prices by the social partnership largely meaningless. It merely served as a weekly meeting place of key market participants. From the 1980s on, the great hall was used by the Odeon Theatre.
With the accession of Austria to the EU market in 1995, the Market Organsation Act had to be abrogated. The Commodity Exchange sat together again and took up again its function as place of target price finding of the key market participants.
The Vienna Commodity Exchange was decisively involved in the making of a unified Italian-Austrian-German model agreement for the grain trade.
Stock exchange dealing
Merchandises
Actual trading does not take place at the Produce Exchange. However, there are business transactions from a certain minium dimension for the purpose of target price finding of the traded commodities - depending on traded good, differently high, as a rule, not less than 100 tons - recorded. The exchange traffic includes substantially all in the region grown agricultural raw materials and semi-finished products which are used for human and animal consumption. Excluded from the exchange traffic are forestry products, spices, herbs as well as raw materials serving for the production of fabrics and spun yarns, such as jute. Also excluded are almost all "colonial goods", ie sugar, coffee, tea, chocolate, cocoa, and the like.
Trade practices
As binding basis of the in business occurring terms, business conditions, deadlines, settlement procedures and trade practices are serving the practices of the stock exchange for agricultural products Vienna. They should prevent misunderstandings and misinterpretations and thus facilitate domestic and international trade.
In addition, special provisions specify what requirements quality or brand denominations must fulfill - such as, "quality" or "Premium Wheat".
Quotation
The quotations occure on the basis of actual having taken place trade, hence, without contracts such as options and futures, which are not traded in Vienna, once a week on Wednesday at 13.30 clock. For assessment used are only large trades from a certain minimum quantity at wholesale price. Fixed are the prices ultimately by the Price Determination Commission, which is under the supervision of the Exchange Commissioner. The publication of the prices takes place in the official list.
Organs
Exchange Chamber
The management of the stock exchange for agricultural products behooves the chamber of the market for agricultural products in Vienna. This is composed of 30 stock exchange councilors called members, who are elected or appointed for a term of four years. They are appointed in equal numbers by the Ministry of Agriculture from by the Austrian Chambers of Agriculture proposed persons. More, in all, three members are appointed by the Chambers of Agriculture of Vienna, Lower Austria and Burgenland. The remaining 17 members are elected by the stock exchange members six of which must be coming from the milling industry or the milling craft, one from the flour processing industry or sector, six from the grain trade. The other four may belong to other professional groups participating in the exchange market. A further condition on the 30 trading councils is, that at least half of them reside in Vienna.
Out of the stock exchange councils, as well for four years are elected a governing body, the executive of the stock exchange plus the chairman of the stock exchange with his three vice-presidents and the treasurer.
As supervising organ acts the commissioner of the stock exchange with his two deputies, which are provided by the Ministry of Agriculture and Ministry of Economy.
Also appointed by the stock exchange chamber are the four-member panel of arbitrators and the three-member college of experts.
Former Presidents of the Exchange Chamber:
1869-1872: Konstantin Dora
1872-1875: Roman Uhl
1876-1894: Wilhelm Naschauer
1895-1916: Paul Ritter von Schoeller
1917-1925: Fritz Mendl
1926-1928: Hugo Hauser
1929-1931: Hermann Reif
1932-1933: Jakob Handl
1934-1938: Josef Zwetzbacher
1948-1958: Josef Rupp
1959-1963: Alfred Fromm
1963-1976: Leopold Holzschuh
1976-1977: Hermann Grün
1978-1993: Ernst Polsterer
1994-1997: Kurt Engleitner
since 1998: Rudolf Kunisch
Arbitration
Members of the Exchange are legally bound by the trade practices. These fixe also the recognition of the Arbitration Court of the Vienna Stock Exchange for agricultural products as competent tribunal in the event of disputes or disagreements. This is not bound by procedural requirements of the ordinary courts, and therefore against judgments of the tribunal also can not be appealed. The procedures usually last less than a month and the sayings of the tribunal on the Vienna Stock Exchange are, in contrast to many other European stock exchanges, immediately enforceable executory titles.
de.wikipedia.org/wiki/B%C3%B6rse_f%C3%BCr_landwirtschaftl...
Wien, 2. Bezirk, Art of Facades of Vienna (Börse für Landwirtschaftliche Produkte), Bolsa de Productos Agrícolas, Bourse pour des Produits Agricoles, Stock Exchange for Agrarian Products, Borsa per Prodotti Agricoli (Taborstraße)
Stock exchange for agricultural products
(Pictures you can see by clicking on the link at the end of the site!)
Vienna, 10 Tabor Road, stock exchange for agricultural products, 2008
Picture from 1900
The Attic inscriptions
The back side of the Great Mohrengasse
Interior, adapted as Odeon Theatre 2010
The market for agricultural products in Vienna, in short, Commodity Exchange, is a in 1869 founded produce exchange, without time bargain. It is located since 1890 in a 1887-1890 specifically created building in Tabor street in Vienna's Leopoldstadt.
During National Socialism in Austria (1938-1945) as well as because of market organisation act, from 1949 to 1994 the stock market possessed no power. With Austria's EU accession in 1995 the stock market was reactivated and resumed the function of the finding of the target price (Richtpreisfindung) for the Austrian market by the major market participants. Stock exchange listings are taking place on a weekly basis.
In addition, the Vienna Commodity Exchange has a tribunal that is responsible for all members and trading partners in the event of disputes.
History
Since 1812, the grain trade is a free business in Austria, therefore, therefore, corn a commodity. With the development of trade in 1853 arose the Viennese fruit and flour stock exchange. This was for the moment subordinated under the Vienna Magistrate and was only on 24 June 1869 independent. This was the birth year of the Vienna Commodity Exchange. Whose trade for the moment took place in the café Commodity Exchanges in Vienna's Leopoldstadt (2nd district). With the increase of trading volume and the trading participants, the construction of a separate stock exchange building was decided. The contract for this got in 1887 the architect Karl König, who built the Stock Exchange building in Tabor street, near the café in the Neo-Renaissance style. The completion and the start of trading took place on 23 August, 1890. In Latin letters the motto of the stock market was walled in: in usum negotiatorum cuiuscumque Nationis ac linguae ("the merchants of all nations and all languages dedicated").
Until the First World War, the Stock Exchange was the most important market for agricultural products of the Austro-Hungarian monarchy. After its demise, and the years of inflation, stock exchange trading experienced a large decline, of which the stock market not recovered until the mid-20s.
In 1938, after the annexation of Austria to Germany, the stock market was closed. During the Second World War, the stock market was hit in air raids on Vienna, the trading hall burned down . After the war was began with the rebuilding. On 10 November 1948 followed the reconstitution of the Stock Exchange Chamber and on Wednesday, the 29th July 1949, the first stock exchange meeting was held in Taborstraße in the repaired stock exchange building. The stock market was now, however, because of market regulation law determining the fixing of prices by the social partnership largely meaningless. It merely served as a weekly meeting place of key market participants. From the 1980s on, the great hall was used by the Odeon Theatre.
With the accession of Austria to the EU market in 1995, the Market Organsation Act had to be abrogated. The Commodity Exchange sat together again and took up again its function as place of target price finding of the key market participants.
The Vienna Commodity Exchange was decisively involved in the making of a unified Italian-Austrian-German model agreement for the grain trade.
Stock exchange dealing
Merchandises
Actual trading does not take place at the Produce Exchange. However, there are business transactions from a certain minium dimension for the purpose of target price finding of the traded commodities - depending on traded good, differently high, as a rule, not less than 100 tons - recorded. The exchange traffic includes substantially all in the region grown agricultural raw materials and semi-finished products which are used for human and animal consumption. Excluded from the exchange traffic are forestry products, spices, herbs as well as raw materials serving for the production of fabrics and spun yarns, such as jute. Also excluded are almost all "colonial goods", ie sugar, coffee, tea, chocolate, cocoa, and the like.
Trade practices
As binding basis of the in business occurring terms, business conditions, deadlines, settlement procedures and trade practices are serving the practices of the stock exchange for agricultural products Vienna. They should prevent misunderstandings and misinterpretations and thus facilitate domestic and international trade.
In addition, special provisions specify what requirements quality or brand denominations must fulfill - such as, "quality" or "Premium Wheat".
Quotation
The quotations occure on the basis of actual having taken place trade, hence, without contracts such as options and futures, which are not traded in Vienna, once a week on Wednesday at 13.30 clock. For assessment used are only large trades from a certain minimum quantity at wholesale price. Fixed are the prices ultimately by the Price Determination Commission, which is under the supervision of the Exchange Commissioner. The publication of the prices takes place in the official list.
Organs
Exchange Chamber
The management of the stock exchange for agricultural products behooves the chamber of the market for agricultural products in Vienna. This is composed of 30 stock exchange councilors called members, who are elected or appointed for a term of four years. They are appointed in equal numbers by the Ministry of Agriculture from by the Austrian Chambers of Agriculture proposed persons. More, in all, three members are appointed by the Chambers of Agriculture of Vienna, Lower Austria and Burgenland. The remaining 17 members are elected by the stock exchange members six of which must be coming from the milling industry or the milling craft, one from the flour processing industry or sector, six from the grain trade. The other four may belong to other professional groups participating in the exchange market. A further condition on the 30 trading councils is, that at least half of them reside in Vienna.
Out of the stock exchange councils, as well for four years are elected a governing body, the executive of the stock exchange plus the chairman of the stock exchange with his three vice-presidents and the treasurer.
As supervising organ acts the commissioner of the stock exchange with his two deputies, which are provided by the Ministry of Agriculture and Ministry of Economy.
Also appointed by the stock exchange chamber are the four-member panel of arbitrators and the three-member college of experts.
Former Presidents of the Exchange Chamber:
1869-1872: Konstantin Dora
1872-1875: Roman Uhl
1876-1894: Wilhelm Naschauer
1895-1916: Paul Ritter von Schoeller
1917-1925: Fritz Mendl
1926-1928: Hugo Hauser
1929-1931: Hermann Reif
1932-1933: Jakob Handl
1934-1938: Josef Zwetzbacher
1948-1958: Josef Rupp
1959-1963: Alfred Fromm
1963-1976: Leopold Holzschuh
1976-1977: Hermann Grün
1978-1993: Ernst Polsterer
1994-1997: Kurt Engleitner
since 1998: Rudolf Kunisch
Arbitration
Members of the Exchange are legally bound by the trade practices. These fixe also the recognition of the Arbitration Court of the Vienna Stock Exchange for agricultural products as competent tribunal in the event of disputes or disagreements. This is not bound by procedural requirements of the ordinary courts, and therefore against judgments of the tribunal also can not be appealed. The procedures usually last less than a month and the sayings of the tribunal on the Vienna Stock Exchange are, in contrast to many other European stock exchanges, immediately enforceable executory titles.
de.wikipedia.org/wiki/B%C3%B6rse_f%C3%BCr_landwirtschaftl...