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Show BID OF WE. IFJ CHICAGO TO TESTip LAVJ Validity of Statute Will Be Attacked Along Same - Lines as Capper-Tincher Act Which Preceded It CHICAGO. Oct. II. J. Osdeii"" Armour, Ar-mour, Joeeph P. Griffin and other leading lead-ing figures In the worid s grain trsde, were called 40 test'fy tod ay before the federal trade commission In It a Investigation Inves-tigation of trading In futures. The Chicago board of trsde haa launched an attack on the validity of t the Capper-Tincher act placing the regulation M grain exchangea In the hands of the secretary of agriculture. Test of the validity of the future trading art will be made before the tTnlled States supreme cour: on the lame grounds on which the court held the former Capper-Tincher law iineon-atltutionaf, iineon-atltutionaf, according to Henry 8. Rob-bins, Rob-bins, attorney for the board. The new act was adopted to become effective November 1. Intricate details of wheat trading are being unfolded to the commission In the sessions here by leading operators. opera-tors. ' ilehri -HHr -r nd PsmTrer-KTInrer, ' veteran members of the board of trade, asserted that but for the speculators, farmers durlnia heavy movement sea-.sons sea-.sons wosld receive bottom prices for their grain.' Mr. Hill, a member of the board for forty-five years, declared the sreateat. problem In the Chicago market waa the lack of etnrsge. "Kverybodv would he doing business If they would Increase the 14.000,000-buahcl 14.000,000-buahcl raparitv to Ril.000,000." he said. A II 60.000.000 appropriation, with which It could enter fhs market at any time, waa suggested by Arthur R. Roberts Rob-erts aa ins government's most effective means of stahlling grain markets. With this perpetual fund to hold the market mar-ket steady, wheat prices would remain between 11.25 and fl.sv constantly, ho - declared. |