Supervision of Cotton Futures Exchanges: Hearings Before ..., 70-1 on S. 3871 ..., April 10 and 13, 1928 |
Common terms and phrases
$6 a bale active months amendment American Cotton Shippers artificially influencing prices bales of cotton believe BENNETT bill BILLINGSLEA board thereof provides bought bucket shop buyer cents a pound Chairman committee concentration contract market Cotton Association cotton business Cotton Co cotton futures act cotton market cotton merchant cotton trade cotton-futures exchange deliver effect firm future contracts future market futures exchange governing board thereof grain futures act growers hedges Houston indorse interest interstate commerce legislation limit manipulative straddle mills notices of delivery Orleans Cotton Exchange present price insurance price of cotton producers profit provisions purpose of artificially question RANKIN record retendering SAFFORD Secretary of Agriculture Senator CARAWAY Senator HEFLIN Senator KENDRICK Senator RANSDELL Senator SMITH shipped short selling Smith-Lever Act South southern deliveries speculation spinner statement stock of cotton tendered thing tion transaction VINSON violation York market
Popular passages
Page 51 - When the governing board thereof does not exclude from membership in, and all privileges on, such board of trade, any duly authorized representative of any lawfully formed and conducted cooperative association of producers...
Page 3 - ... all persons who act in the capacity of a clearing house, clearing association, or similar institution for the purpose of clearing, settling, or adjusting transactions mentioned in section...
Page 4 - ... business, if such association has complied, and agrees to comply, with such terms and conditions as are or may be imposed lawfully on other members of such board : Provided, That no rule of a contract market shall forbid or be construed to forbid the return on...
Page 45 - It shall be unlawful for any person to deliver for transmission through the mails or in interstate commerce by telegraph, telephone, wireless, or other means of communication any offer to make or execute, or any confirmation of the execution of, or any quotation or report of the price of, any contract of sale of grain for future delivery...
Page 3 - contract market," as hereinafter provided, and if such contract is evidenced by a record in writing which shows the date, the parties to such contract and their addresses, the property covered and its price, and the terms...
Page 4 - When the governing board thereof provides for the prevention of dissemination by the board or any member thereof, of false or misleading or knowingly inaccurate reports concerning crop or market information or conditions that affect or tend to affect the price of any commodity in interstate commerce.
Page 3 - ... (a) Where the seller is at the time of the making of such contract the owner of the actual physical property covered thereby, or is the grower thereof, or in case either party to the contract is the owner or renter of land on which the same is to be grown, or is an association of such owners, or growers of grain, or of such owners or renters of land ; or (b) Where such contract is made by or through a member of a board of trade which has been designated by the Secretary of Agriculture as a
Page 45 - ... any offer to make or execute, or any confirmation of the execution of, or...
Page 45 - ... which is or may be used for (1) hedging any transaction in interstate commerce in such commodity or the products or byproducts thereof, or...
Page 43 - State to another, or to a foreign country, shall be forfeited to the United States, and may be seized and condemned by like proceedings as those provided by law for the forfeiture, seizure and condemnation of property imported into the United States contrary to law.