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, 1939U.S. Government Printing Office, 1939 - 102 páginas |
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Página 2
... hedgers . Because of the objections stated herein the Department's report upon bill S. 831 is unfavorable . Upon reference of this matter to the Bureau of the Budget , as required by Budget Circular 344 , the Director thereof advised ...
... hedgers . Because of the objections stated herein the Department's report upon bill S. 831 is unfavorable . Upon reference of this matter to the Bureau of the Budget , as required by Budget Circular 344 , the Director thereof advised ...
Página 15
... hedgers on the long and short side of the market . Now , I want to say that no such division should be made . A hedger is just as much a speculator as anybody else . Supposing he is a mill man and he has got a lot of wheat that he ...
... hedgers on the long and short side of the market . Now , I want to say that no such division should be made . A hedger is just as much a speculator as anybody else . Supposing he is a mill man and he has got a lot of wheat that he ...
Página 36
... hedger ? Senator FRAZIER . Of course , if we could get rid of these gamblers in the market , we could undoubtedly stabilize the price of wheat . Then , of course , they would not need to hedge . When the subcom- mittee of this committee ...
... hedger ? Senator FRAZIER . Of course , if we could get rid of these gamblers in the market , we could undoubtedly stabilize the price of wheat . Then , of course , they would not need to hedge . When the subcom- mittee of this committee ...
Página 47
... hedger or speculator , making and / or holding commitments in excess of a stipulated amount and / or within or during a specified time , it follows there may be times when a legitimate transaction will be interfered with , resulting in ...
... hedger or speculator , making and / or holding commitments in excess of a stipulated amount and / or within or during a specified time , it follows there may be times when a legitimate transaction will be interfered with , resulting in ...
Página 49
... hedger and the speculator . Mr. SMYTH . Well , what I said was the futures trading , and then there should have been a comma , hedger and speculator . Senator GILLETTE . Then is it not a fact , as you stated , that in the futures market ...
... hedger and the speculator . Mr. SMYTH . Well , what I said was the futures trading , and then there should have been a comma , hedger and speculator . Senator GILLETTE . Then is it not a fact , as you stated , that in the futures market ...
Términos y frases comunes
actual wheat amendment amount ARNOT average believe bill Board of Trade BRENCKMAN broker BROOKHART BURDICK buyers cash market cash prices cents a bushel Chairman Chicago Board committee Commodity Exchange Act Commodity Exchange Administration contract markets Cotton Exchange court depression domestic Duvel economic elevator fact farm products farmers figures fix the price flour fluctuations future delivery futures market futures trading gamblers gambling transactions grain futures Grain Futures Act hearing hedger hedging interest July Liverpool MACDOUGALL margin requirements ment mill miller months operation present system price level price of wheat provision purchase question quotations regulations sellers Senator BULOW Senator CAPPER Senator GILLETTE Senator NORRIS short selling SMYTH sold speculative market statement supply and demand thing tion United volume of futures volume of trading wheat futures contracts world price yesterday York Cotton Exchange
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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...
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