Salt Lake Telegram | 1934-05-23 | Page 4 | Market Regulation

MARKET 1 REGULATION WITH the securities act likely to remain inU intact intact in in- U tact as far as amendments at nt this session of congress are concerned and with stock market regulation enacted there has lIas been accomplished accomplished ac ac- a great piece of mending fence on the part of members hailing from what NewYork NewYork New NewYork York likes to call the provincial areas of the United States But even before the next elections roll around congressmen and aud senators whose constituencies con con- are predominantly bucolic may have occasion to feel that hat they overlooked ove a abet abet abet bet in the field of government repression and regulation It is of course hoped that congress recurrently recurrently recurrently re re- re- re currently sighing for more worlds to conquer will vill not take up the matter at t this session session- or the president will not get them off his hands until long after the time when the whole country hopes they will have wound up their balls of yarn arn and gone back home to look after aftel the highly important matter of putting their theiry y getting yote-getting machinery ery in opera operation tio Market experts say that the drouth this year is likely to cause a l lOss ss of at least to the wheat growers of the country They also point out that the system of dealing in grain futures will permit the smart boys in the pit to take advantage of this temporary situation a a transient economy of scarcity it itis itis itis is greatly to be bo hoped hoped so so that they may enrich themselves by three times the amount of the thc farmers' farmers losses There are few y indeed whether they oppose government regulation of business on principle pie or not who will not agree that there is something wrong here Drouth or no 10 drouth A AAA A A or no AAA A A A American farmers will never get set on their feet until the fixing of prices for farm produce is in the hands of some agency of more social and economic value to the country than the Chicago commodity exchanges