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Show Capper Tries Again With Grain Bill gress to regulate interstate commerce Instead of the taxing power, which was the basis of the present law and which, the Supreme court held, could not be exercised In that respect. The bill, like the present law, provides for designation and regulation of "contract "con-tract markets" by the secretary of agriculture and for admission to grain exchanges of farmers' co-operative associations, as-sociations, the latter a provision opposed op-posed vigorously by the established boards of trade. The "contract market" provision Is designed to give the secretary of agriculture agri-culture power to deal with the question ques-tion of grades that may be delivered on contract?, premiums and discounts, inadequate elevator capacity and any other conditions that may have similar Importance in relation to the prices and executions of contracts. The packer control law, Senator Capper said, was In part the model for the new bill to reach the grain exchanges. Similar to the original law, the new bill declares purely speculative specula-tive grain contracts unlawful and against the public Interest. Violation of clauses of the bill would entail fines of $10,000 and on year's Imprisonment. 7ASHINGT0N. A new bill for " " regulation of future trading on grain exchanges, designed to meet the recent decision of the Supreme court holding the present trading act Inoperative Inop-erative In part, has been Introduced by Senator Capper of Kansas, chairman chair-man of the unofficial senate agricultural agricul-tural bloc and author of the original act. In presenting this new measure Senator Capper said It had the support sup-port of the agricultural bloc and Secretary Sec-retary Wallace and others of the Department De-partment of Agriculture. It was referred re-ferred to the agriculture committee. The bill la similar to the act declared de-clared Inoperative by the Supreme court except that Its fundamental principle prin-ciple Is based upon the power of con- |