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Show FARM BLOC PLANS NEW FUTURES LAW WASHINGTON, May 17 Members I of the senate agricultural bloc Tues day began study of measures to meet tho supreme court decision today virtually vir-tually nullifying the craln futures act. Senator Capper. Republican. Kansas, chairman of the farm group, and Senator Sena-tor McNary, Republican. Oregon, had i an informal conference and predicted 'that new legislation would be developed devel-oped to meet at least In part the I court s ruling. Under consideration. It was said, j was a bill to license grain traders and provide penalties for violation of regu lations to be prescribed by the depart 1 iuent of agriculture, restricting future train trades. Senators said they be-lei be-lei ed that a smaller penalty than that of 20 cents a bushel, prolded in the law before the court ruling might b- as feH |