GRAIN FRAUDS
PIG SPECULATOR PUNfSHED
BANNED FROM TRADING IN
AMERICA FOR TWO YEARS
(U.P.A. by Elec. Tel. Copyright.)
(Received Feb. Id, 5.5 p.m.)
WASHINGTON, Feb. 14
A speca! Cabinet Committee composed of Air Wallace, Secretary of Agriculture, Air Roper, Secretary of Conimed.ce,' and Air Cummings, At-torney-General, found Arthur C'utten one of the largest speculators on the Chicago Board of Trade, guilty of violation of several provisions of the no-ca kyl Grain Futures Act. and he was prohibited from trading on any exchange in the nation for two years.
The committee declared that he frequently failed to report holdings in excess of -300,000 bushels as required by law, operated through eight firms and disguised his dealings to manipulate prices.
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Bibliographic details
Gisborne Times, Volume LXXXII, Issue 12480, 16 February 1935, Page 5
Word Count
118GRAIN FRAUDS Gisborne Times, Volume LXXXII, Issue 12480, 16 February 1935, Page 5
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