This paper is devoted in part to clarifying some aspects of the relation between quantum field theory and infinite Grassmanians, and in part to pointing out the existence of a close analogy between conformal field theory on Riemann surfaces and the modern theory of automorphic representations. Along the way we develop a multiplicative analog of the usual additive Ward identities of current algebra. We also reformulate the additive Ward identities in a way which may be useful, in terms of the residues of operator-valued differential forms. A concluding section is devoted to some remarks on string field theory. In an appendix, we attempt to clarify the recent construction by Beilinson, Manin, and Schechtman of what might be called global Virasoro algebras.