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 26
... respect to the matter of margins , and that we had to sell futures to hedges against that cotton . Mr. WYLLIE . So you are of the opinion that some of the sales were made at the request of the sellers to you ; others were made for your ...
... respect to the matter of margins , and that we had to sell futures to hedges against that cotton . Mr. WYLLIE . So you are of the opinion that some of the sales were made at the request of the sellers to you ; others were made for your ...
Page 31
... respect of the offer of the Farm Board in October 1929 to advance 16 cents a pound on cotton . This offer had even a more restricted application than the 12 - cent loan , since the 16 - cent loan was made available only to members of ...
... respect of the offer of the Farm Board in October 1929 to advance 16 cents a pound on cotton . This offer had even a more restricted application than the 12 - cent loan , since the 16 - cent loan was made available only to members of ...
Page 47
... respect to that contract . The first question I will ask you in that connection is , What is your opinion regarding the present form of the New York Cotton Exchange contract ? Mr. CLAYTON . In what respect do you wish my opinion ? Mr ...
... respect to that contract . The first question I will ask you in that connection is , What is your opinion regarding the present form of the New York Cotton Exchange contract ? Mr. CLAYTON . In what respect do you wish my opinion ? Mr ...
Page 52
... respect to each delivery of 100 bales ? Is that not true ? Mr. CLAYTON . That is correct , within those points named . Mr. WYLLIE . Within the points named . So that the buyer at the time he enters into the contract not only does not ...
... respect to each delivery of 100 bales ? Is that not true ? Mr. CLAYTON . That is correct , within those points named . Mr. WYLLIE . Within the points named . So that the buyer at the time he enters into the contract not only does not ...
Page 53
... respect of time of delivery , in respect of quality which may be delivered at the option of the seller , and in respect also to a certain extent of places of delivery which may be chosen at the option of the seller , follows very ...
... respect of time of delivery , in respect of quality which may be delivered at the option of the seller , and in respect also to a certain extent of places of delivery which may be chosen at the option of the seller , follows very ...
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Common terms and phrases
12-cent loan American cotton amount of cotton Anderson average bales of cotton basis 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 fixed futures contracts futures exchanges futures market Galveston give Government grades Houston issued notices January July 31 liquidation 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 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.