To Investigate the Causes of the Decline of Cotton Prices: Hearings, Seventy-fourth Congress, Second Session, Pursuant to S. Res. 103, 125, 172, and 182 |
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Page 81
... certificated and delivered on contract . Mr. WYLLIE . The only persons that are primarily interested in deliveries are the cotton merchants . Is that not true ? Mr. CLAYTON . That is right , in making deliveries and receiving deliveries ...
... certificated and delivered on contract . Mr. WYLLIE . The only persons that are primarily interested in deliveries are the cotton merchants . Is that not true ? Mr. CLAYTON . That is right , in making deliveries and receiving deliveries ...
Page 106
... certificated , and this adds to all these charges involved there 25 points . You have to deduct that . Mr. WYLLIE . That is all incidental to certification ? Mr. CLAYTON . But , it is 25 points . Deduct that from 61 and you have an ...
... certificated , and this adds to all these charges involved there 25 points . You have to deduct that . Mr. WYLLIE . That is all incidental to certification ? Mr. CLAYTON . But , it is 25 points . Deduct that from 61 and you have an ...
Page 109
... certificated for delivery , and certification charts would have to be prepared . I think we are in agreement on that , are we not ? Mr. CLAYTON . Yes , sir . Mr. WYLLIE . This morning you testified that there was some charge for putting ...
... certificated for delivery , and certification charts would have to be prepared . I think we are in agreement on that , are we not ? Mr. CLAYTON . Yes , sir . Mr. WYLLIE . This morning you testified that there was some charge for putting ...
Page 115
... certificated stock at that time , with the pull that was exercised on them by that spot demand , were constanly declining at a very rapid rate . For instance , at the beginning of the 1934-35 season the certificated stocks were 200,000 ...
... certificated stock at that time , with the pull that was exercised on them by that spot demand , were constanly declining at a very rapid rate . For instance , at the beginning of the 1934-35 season the certificated stocks were 200,000 ...
Page 116
... certificated stocks all the time , until at the end of the 1934-35 season there was practically no cotton left in certificated stocks . There was some there but it was largely owned by people who bought it as a hedge against inflation ...
... certificated stocks all the time , until at the end of the 1934-35 season there was practically no cotton left in certificated stocks . There was some there but it was largely owned by people who bought it as a hedge against inflation ...
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Common terms and phrases
12-cent loan American cotton amount of cotton Anderson average bales of cotton basis BEANE bought buyer carrying charges cents a pound certificated cotton certificated stock CHAIRMAN CLAYTON clearing house committee correct cotton business cotton market cotton merchant CREEK CREEKMORE crop December decline deliver delivery month delivery points difference Ellison D fact farmer Federal Farm Board figures firm futures contracts futures exchanges futures market Galveston going Government grades HARRISS Houston issued notices January July 31 liquidate Liverpool March 11 MCFADDEN Middling seven-eighths mill million bales notice day October operations Orleans percent period producer profit purchases qualities question record season sell seller Senator NORRIS Senator POPE Senator Smith short position sold southern delivery speculative spot cotton spot market spot price statement straddle tender thing thousand bales tion transactions transfer warehouse WEIL York contract York Cotton Exchange York market
Popular passages
Page 696 - By preventing inefficient and wasteful methods of distribution. 3. By encouraging the organization of producers into effective associations or corporations under their own control for greater unity of effort in marketing and by promoting the establishment and financing of a farm marketing system of producer-owned and producer-controlled cooperative associations and other agencies.
Page 3 - Congress, to employ such clerical and other assistants, to require by subpena or otherwise the attendance of such witnesses and the production of such books, papers, and documents, to administer such oaths, to take such testimony, and to make such expenditures, as it deems advisable. The cost of stenographic services to report such hearings shall not be in excess of 25 cents per hundred words. The expenses of the committee, which shall not exceed $5,000, shall be paid from the contingent fund of...
Page 2 - For the purposes of this resolution the committee, or any duly authorized subcommittee thereof, is authorized to hold such hearings, to sit and act at such times and places during the sessions, recesses, and adjourned periods of the...
Page 871 - Someone once said that there are three kinds of lies: "lies, damned lies, and statistics.
Page 524 - Of let him take who has the power, And let him keep who can, the Boers now proceeded to possess themselves of as much territory as they wanted.
Page 248 - futures " are divided into three classes: first, those who use them to hedge, ie, to insure themselves against loss by unfavorable changes in price at the time of actual delivery of what they have to sell or buy in their business; second, legitimate capitalists who, exercising their judgment as to the conditions, purchase or sell for future delivery with a view to profit based on the law of supply and demand; and, third, gamblers or irresponsible speculators who buy or sell as upon the turn of a...
Page 2 - The joint committee shall select a chairman and a vice chairman from among its members. (d) The joint committee, or any duly authorized subcommittee thereof, is authorized to hold such hearings, to sit and act at such places and times, to require, by subpena or otherwise, the attendance of such witnesses and the production of such books, papers, and documents, to administer such oaths, to take such testimony, to procure such printing and binding, and to make such expenditures as it deems advisable.
Page 3 - That when any duty is imposed upon a committee of the Senate involving expenses which are ordered to be paid out of the contingent fund of the Senate, upon vouchers to be approved by the chairman of the committee...
Page 844 - ... 2 o•clock pm) AFTER RECESS. (The committee reassembled at 2 o•clock pm, pursuant to the taking of recess.) The CHAIRMAN.
Page 248 - Hedging, for instance, as it is called, is a means by which collectors and exporters of grain or other products, and manufacturers who make contracts in advance for the sale of their goods, secure themselves against the fluctuations of the market by counter contracts for the purchase or sale, as the case may be, of an equal quantity of the product or of the material of manufacture.