SPECULATION IN COMMODITIES

Press, Volume LXXXIII, Issue 25380, 31 December 1947, Page 5

SPECULATION IN COMMODITIES

NAMES REVEALED IN UNITED STATES

PRESIDENT’S PHYSICIAN INCLUDED

(N.Z. Press Association—Copyright) WASHINGTON, December 29. The names of 99 Federal and State Government employees appear in a further list of commodity speculators issued to-day by the Secretary of Agriculture (Mr Clinton P. Anderson). The list includes the names of Briga-dier-General Wallace H. Graham, President Truman’s personal physician, and the Governor of Utah (Mr H. B. Maw). Both traded in grain in September.

The list is one of a series being issued by Mr Anderson in accordance with the direction of Congress after a Congressional committee was told that Government Officials were using inside knowledge to speculate in commodities. The only public official in the previous lists was Mr Edwin Pauley, the Assistant-Secretary of the Army. Brigadier-General Graham later issued a statement explaining that neither he nor his family now had any commodity holdings. He had given money to his broker and asked him to invest it as he thought best. It was not until October 7,- two days after President Truman’s denunciation, that he discovered that he had small holdings. He immediately instructed his broker to sell, whether at a loss or a gain.