| Show URGE LAW LAW ON GRAIN DEALS Require Board of Trade To Publish Prior Days Day's Futures WASHINGTON July 30 lation 30 l to th the Chicago o ot of trade to make public dolI the total volume of ot the preceding days day's day operations In futures and open trad s rade In n each option ot of each ln gr was wae Included d in recommendations made Sunday by the federal federa tra e commission In the tho concluding elec election tion ot of It Its report on the metho s sand and operations of ot grain erain r The report In compliance witha ltha a senate Introduced by Senator Ladd Republican of North Norh Doll Da Ai ota also alo recommended that tI board of ot trade bo be r re required qui red to permit delivery of grain cn future contracts at other Im- Im market markets market's under and equitable term necessary to prevent pre a 3 c or corner at t ChicagO PRICE I s b Another proposal by hy the corn com commission mission was tb il all brokers nil ani commIssIon men or officers officer or large stockholders of companies do doing I log ing a or commIssion In tn futures for tor custom be pro prohibited from speculating ll itt rAin futures tures for their thelt own ac- ac account account ac account count t iier present conditions It wis said abuses and are pos pos- pos possibly sibly due to the santo same person act act- line act tog ling as agent and as aa l In InI I trading on the exchange Thc The re report ort con contained detailed al- al allegatIons al allegations legations of the tho efforts of certain large rt grain Brain merchants In the Kans City territory and the Pa- Pa Pa Pacific northwest to agree upon s slid bId for wheat It also described as unsatisfactory the present of f grain erain and suggested dOfer federal supervision of Can Cant Cant- dian Cani-dian than lr grain ln in bond In o o I der i forestall complaints froM Bu n nd that grown In tn the th States was mixed with the theIr theD ajl Ir tc st c product ex n this country on n certificates cf ct Inspection PRICE DECLINES The Ion s on found that the decline In prices o of ot the contract Grade of wheat at Chicago from troman froman froman bushI an aHr average e of about a July 17 1920 to a fraction traction over I 1 September 14 1922 1322 was as as jue chiefly to various arlous adverse IId factors th in the general situation of the orld market such as large crops at home homo and abroad business de- de unfavorable r and limited purchasing pow pow- power pow tr er Cr and credit In to foreign reign markets rather than to speculation or manipulation Speculators and hedgers the able to torun torun torun report said arc aro especially run up prices durin during the delhery months and when shen hen this occurs art after r their future Interests are arc closed out Inevitably fell tell In n genera generl howe however er it appe appears rs that I Ithe the frequent and temporary ry flue flue- fluctuations in grain prices may be at- at attributed at largely to speculation Infrequent but long time may be attributed al- al I most entirely to other causes In- In Including including In Including actual supply and demand I conditions The heavy heay In wheat prices from July to Decem- Decem 1320 1920 occurred In a I period oi Ot light t futures futules tad s1- t It Is questionable the commission declared whether any definition to toI I distinguish between the speculator nad alid the gambler is susceptible to Practical administrative 0 application application application tion and added that It seems clear that It If futures trifling trading Is permitted to continue the government should regul regulate tc It In order to prevent abuses ft In view of the influence of tutu futures res quota quota- quota quota- quotations quotations quotations on cash prices and the Iho ftc ftc- frequency fre frequency quency of ot artificial price conditions In the futures market go 00 goThe The Spanish Inquisition was sup sup- suppressed suppressed sup suppressed pressed In 18 1808 0 8 and nd abolished In 1820 00 00 More Moro than children committe commit commit- te tel I 1 suicide In this country last sear ar |
