Prohibit Trading in Irish Potato Futures on Commodity Exchanges: Hearings, Ninety-second Congress, Second Session, on H.R. 7287 ...U.S. Government Printing Office, 1972 - 272 pages |
Common terms and phrases
acres of potatoes ALBAIR areas Aroostook County average bargaining bill brokers BULL buyer CALDWELL cars cash market cash price Chairman Chicago Mercantile Exchange committee Commodity Exchange Act Commodity Exchange Authority CONGRESS THE LIBRARY consumer cost crop Danny Baldwin dealers delivery DENHOLM economic eliminate farm favor FOLEY Fort Fairfield futures contracts futures exchange futures prices going Growers Association Hathaway hearings hedgers hedging hundredweight Idaho potatoes Irish potatoes legislation LIBRARY OF CONGRESS Maine farmer Maine Potato Council Maine potato futures MELAMED modity National Potato Council onion operation orderly marketing percent potato futures market potato futures trading potato growers potato market potato producers president Presque Isle problems processors profit question reason sell shippers SISK speculators statement supply and demand testify testimony Thank tion trading in Irish trading in Maine trading in potatoes USDA WATTS witnesses York Mercantile Exchange ZWACH
Popular passages
Page 3 - Agriculture, or shall fail or refuse to keep such books and records open to inspection by any representative of the United States Department of Agriculture...
Page 60 - Government is by the people, for the people, and of the people.
Page 35 - Entomologists; the National Association of Commissioners, Secretaries, and Directors of Agriculture; the American Farm Bureau Federation; the National Grange; the National Council of Farmer Cooperatives; the...
Page 1 - Except where otherwise distinctly expressed or manifestly intended, terms used in this Act shall have the same meaning as when used in the Internal Revenue Code...
Page 117 - Chairman, gentlemen, my name is TA Hieronymus. I am a professor of agricultural economics at the University of Illinois. I have been employed there since 1946.
Page 56 - you are hindered by stronger restraints than my persuasions; yet, if your determination is fixed, I do not counsel you to despair. Few things are impossible to diligence and skill.
Page 141 - Sales for future delivery are necessary to assure producers an outlet, and processors and consumers supplies throughout the marketing year. The futures market evolved because of the recognized need for a better mechanism for pricing these forward sales.
Page 268 - In conclusion we wish to state that the Maine potato industry can ill afford the elimination of this valuable market. Its aid in obtaining short-term financing, its ability to transfer price risks, its great source of market information, and its integrity as an open public market with iron-clad contracts can only result in benefit to the Maine potato industry.
Page 132 - Chairman and members of the subcommittee, my name is Llewellyn Watts, Jr. I am chairman of the board of the New York Mercantile Exchange.
Page 220 - A gambling contract may be disguised in the form of a legitimate transaction, the ordinary form being by dealing in futures. The validity of such a contract depends on whether the intentions of the parties at the inception is to deliver or receive the goods bargained for, or to settle on the basis of difference in price.