U.S.A. AFFAIRS

Greymouth Evening Star, 18 June 1936, Page 14

U.S.A. AFFAIRS

COMMODITY MARKETS. [BY CABLE —PRESS ASSN. —COPYRIGHT.] WASHINGTON. June 16. President Roosevelt to-day signed the so-called Commodity Exchange Act. It is designed to extend Government regulation to the commodity markets, i as regulation is now enforced on the security exchanges. A commission will be appointed to administer the Act, which provides for the fixing of trading limitations in order to curb excessive speculation. i Under the Act, the various sorts of fictitious transactions that commonly, are employed to manipulate market! prices, are prohibited. All of the brokers and commission merchants dealing in commodity futures must register with the Commission and must' supply periodical reports of their acti-i vities. , _____ I

i The banker was questioning the negro applicant for a chauffeur’s job. ! “Are you married?” the banker :asked. “Nawsah, boss,” replied the applicant, “nawsah; Ah make mah owne livin.’ ” !