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Show ' o WILL HEAR ARGUMENTS ON PRODUCE EXCHANGES WASHINGTON. Jan. 8 Schedul. for hearings on the proposed regulation regula-tion of futures transactions on ex-! Changes In agricultural products by; eliminating speculation were an-i jnounoed today by tho house agriculture agricul-ture committee. The hearings will cb.se Saturday when tho committee will proceed to draft a measure. Representatives of the Pacific coat Cotton exchange will be heard Tuesday, Tues-day, and South Dakota bankers will be among thos,. to bs heard Thui- : Four bills are pending before tl.t Committee. Two purpose to bar future speculative transactions from Inter-j s. nt. oin mer. . ,md t he ol her t v. o Would impose h prohibitive tax. TWO deal With future transactions Jr.; groin, and two with cotton. Defenders of the future exchanges have told ihe committee elimination, ol ill speculation would hamper busl-ni busl-ni SS and be detrimental to the proline pro-line rs Proponents or the measures have replied exchanges were Intended as th common meeting places of legltl-l mato sllrs and buyers of farm pro-; . liners, whereas the "speculator" has Intruded himself and "manipulated the market to the detriment of both the producers and consumers." |