Authorize Commodity Exchange Commission to Regulate Margin Requirements: Hearings Before a Subcommittee of the Committee on Agriculture and Forestry, United States Senate, Seventy-sixth Congress, First Session, on S.831, a Bill to Amend the Commodity Exchange Act, as Amended, to Authorize the Commodity Exchange Commission to Regulate Customer Margin Requirements. June 14, 16, and July 12 and 13, 1939

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U.S. Government Printing Office, 1939 - 102 páginas

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Página 23 - No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time.
Página 23 - ... business of the world. The requirements of existence have passed beyond the standard of necessity into the region of luxury. Enlarging production is consumed by an increasing demand at home and an expanding commerce abroad. The country can regard the present with satisfaction and anticipate the future with optimism.
Página 1 - ... limits on the amount of trading under contracts of sale of such commodity for future delivery on or subject to the rules of any contract market which may be done by any person as the commission finds is necessary to diminish, eliminate, or prevent such burden.
Página 98 - ... this seems to be what is the underlying problem. I think that had this action not been taken and had the hearing been held as is, I am sure, the position of our chairman, Mr. Aspinall — he always wants to make certain that everyone has a fair opportunity to present their points of view, and then let the chips fall where they may — I believe that that is the underlying problem and I am hopeful we can go forward from this meeting and I guess stating it in the President's terms, maybe we can...
Página 2 - Upon reference of this matter to the Bureau of the Budget, as required by Budget Circular 344, the Acting Director thereof advised the Department of Agriculture under date of March...
Página 1 - ... causing sudden or unreasonable fluctuations or unwarranted changes in the price of such commodity, is an undue and unnecessary burden on interstate commerce in such commodity. For the purpose of diminishing, eliminating, or preventing such burden, the Commission shall...
Página 71 - ... practice. There are at least four principal differences between speculation and gambling, which deserve careful consideration by the student : 1. Speculation involves the purchase or sale of some form of property, while gambling does not. 2. The risks entailed by the speculator arise fundamentally from risks inherent in the property which he buys or sells, while the risks of gambling are created by the gambler and are based upon future events without any necessary relation to ownership of property....
Página 1 - Hon. ELLISON D. SMITH, Chairman, Committee on Agriculture and Forestry, United States Senate. DEAR SENATOR SMITH : This is in reply to your letter of April 9 requesting a report on S.
Página 43 - Senator. STATEMENT OF HON. ARTHUR CAPPER, A UNITED STATES SENATOR FROM THE STATE OF KANSAS Senator CAPPER. Mr. Chairman, I am...
Página 102 - ... from so many people from so many States relative to the work not only of the Army engineers but also to the finances involved in building this program while preserving the stability and economy of this country. Mr.

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