Regulating Transactions of Cotton Exchanges: Hearings Before the Committee on Agriculture, House of Representatives, Seventieth Congress, First Session, on H.R. 11017, by Mr. Vinson of Georgia, April 11, 12, 13, 16, and May 7 and 8, 1928U.S. Government Printing Office, 1928 - 202 páginas |
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Palavras e frases frequentes
actual cotton ADKINS amendment American Cotton Shippers artificially influencing prices ASWELL bales of cotton Board of Trade bushels buyer cents CHAIRMAN CLARKE CLAYTON commodity Congress contract market Cotton Association cotton futures exchange cotton market cotton merchants Cotton Shippers Association crop dealer delivered Department of Agriculture farmer Federal Trade Commission firm fixed FULMER future trading futures contracts futures market Galveston going GOUGH grade of cotton grain futures act hedging Houston HUBBARD interest JONES KETCHAM KINCHELOE legislation limit manipulation mill MILLER month notices of delivery number of bales operations Orleans Orleans Cotton Exchange present producer purpose of artificially retendering SAFFORD Secretary of Agriculture sell seller shipped short selling Smith-Lever Act sold South southern delivery speculation spinner spot cotton spot markets staple tender TENNY thing tion to-day transactions wheat York Cotton Exchange York exchange York market
Passagens conhecidas
Página 171 - ... are sent from one State with the expectation that they will end their transit, after purchase, in another, including, in addition to cases within the above general description, all cases where purchase or sale is either for shipment to another State, or for manufacture within the State and the shipment outside the State of the products resulting from such manufacture.
Página 172 - ... products and by-products thereof in interstate commerce, and that such fluctuations in prices are an obstruction to and a burden upon interstate commerce in grain and the products and by-products thereof and render regulation imperative for the protection of such commerce and the national public interest therein.
Página 186 - Provide that cotton that, because of the presence of extraneous matter of any character, or irregularities or defects, is reduced in value below that of...
Página 15 - Exactly, and they fought the law and it went to the Supreme Court of the United States and the Supreme Court of the United States held it constitutional, and now they see it is a beneficial measure.
Página 80 - 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...
Página 193 - ... or values of middling cotton and of other grades of cotton for which standards shall have been established by the Secretary of Agriculture: Provided, That if there be not sufficient places, in the markets of which are made bona fide sales of spot cotton of grades for which standards are established by the Secretary of Agriculture to enable him to designate at least five spot markets in accordance with section...
Página 171 - contract of sale" shall be held to include sales, agreements of sale, and agreements to sell. The word "person" shall be construed to import the plural or singular, and shall include individuals, associations, partnerships, corporations, and trusts.
Página 190 - Subject to Internal Revenue Code, section 4863.'" (c) Delivery allowances. For the purpose of this section, the differences above or below the contract price which the receiver shall pay for cotton of grades above or below the basis grade in the settlement of a contract of sale for the future delivery of cotton shall be determined by the actual commercial differences in value thereof upon the sixth business day prior to the day fixed, in accordance with...
Página 171 - Act, shall be construed to import the plural or singular, as the case demands, and shall include individuals, associations, partnerships, and corporations. When construing and enforcing the provisions of this Act, the act, omission, or failure of any official, agent, or other person acting for or employed by any association, partnership, or corporation within the scope of his employment or office, shall, in every case, also be deemed the act, omission, or failure of such association, partnership,...
Página 190 - Contracts." The provisions of this section shall be deemed fully incorporated into any such contract if there be written or printed thereon, or on the memorandum evidencing the same, at or prior to the time the same is signed, the phrase "Subject to Internal Revenue Code, section 4864.