THE PROBLEM OF SPECULATION.
A NEW YORK REPORT.
(United Press Association.—Copyright.)
Received June 17,. 9.45 p.m
NEW YORK, June 17
The Committee appointed, by Mr Hughes, Governor of New. York.*, to investigate matters relating totSspeculation in securities '.■ and commodities in 'New' York has issued a« moderate report,, declaring that speculation in some form is a necessary incident in the pro- ' ductile operation of the country; tending to steady prices for merchants and manufactures,' and was practically. tantamount to insurance. .The Commission recommends that the Governors of Exchanges be empowered to fix the price of auy cornered commodity,1 and also legislation to prevent the , pretended purchase or sale of securities for a customer or the sellingiof a customer's'securities for a broker's, own benefit.
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Bibliographic details
Wanganui Chronicle, Volume L, Issue 12244, 18 June 1909, Page 5
Word Count
122THE PROBLEM OF SPECULATION. Wanganui Chronicle, Volume L, Issue 12244, 18 June 1909, Page 5
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