Davis County Clipper | 1922-09-22 | Page 6 | Harding Signs Grain Trading Act

harding signs grain trading act washington abe ca bill providing for or regulation ol of trading in futures on grain markets was signed thursday by president hard in ing the new act which becomes effective november 1 wits passed by congress as a substitute lor for the regulatory provision pi of 0 the futures trading net act of ITI 1921 which provisions were declared inoperative by the supreme court it follows along the same lines as the net act of 1921 except that it Is based on the power ot of congress to regulate interstate commerce flifle hile the statute to which the supreme court found objection was predicated on the taxing power of congress grain exchanges coming under the new act are those at chicago minneapolis duluth kangas city st louis toledo 1111 it waukee walkee san francisco los angeles and baltimore