Umted rates. Congress. House, Committee

on Agriculture

COMMODITY FUTURES TRADING COMMISSION

ACT OF 1974

31-091

COMMITTEE ON AGRICULTURE

HOUSE OF REPRESENTATIVES

NINETY-THIRD CONGRESS

SECOND SESSION

ON

H.R. 11955

JANUARY 23, 24, 29, 30, AND 31, 1974

Serial No. 93-TT

Printed for the use of the Committee on Agriculture

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1974

H.R. 11955, a bill to amend the Commodity Exchange Act to strengthen

the regulation of futures trading, to bring all agricultural and other

commodities traded on exchanges under regulation, and for other

purposes--

Statements of:

Abbott, Lester M., founder, Clayton Brokerage Co. of St. Louis,

Inc., St. Louis, Mo...

Agriculture, U.S. Department of

Aitken, Thomas P. H., vice president, New York Cocoa Exchange,

Inc., and president, Gill & Duffus, Inc., New York, N. Y

American Board of Trade, American Association of Common Traders.

American Feed Manufacturers Association__.

Association of Commodity Exchange Firms, Inc.-

Bache & Co., Inc., New York, N. Y

Bianco, Joseph, Yale Legislative Services, Law School, Yale Univer-

sity, New Haven, Conn.

Page

333

171

12

246

124

312

264

37

187

Bradley, Carlos, president, Board of Trade, Kansas City, Mo..

Brooks, William F., president and general counsel, National Grain

Trade Council.

116

49

Cargill, Inc.__.

41

Carpenter, L. C., vice president, Mid-Continent Farmers Association,

Columbia, Mo.-

259

Chapin, Charles W., New York Coffee & Sugar Exchange, Inc.;

Commodity Exchange, Inc.; New York Cocoa Exchange, Inc.;

managing partner, The Lamborn Co., New York, N.Y_

Chicago Board of Trade.

Clagett, John W., president, Association of Commodity Exchange

Firms, Inc., New York, N. Y..

264

Clark, Hon. Dick, a U.S. Senator from the State of Iowa--

237

Clark, Glenn Willett, superintendent of securities, State of Iowa;

professor of law, Drake University, Des Moines, Iowa.

Clayton Brokerage Co. of St. Louis, Inc.-

Donahoo, Alvin W., executive vice president, Minneapolis Grain

Exchange.

95

Economou, Arthur N., president, American Board of Trade; president,

American Association of Commodity Traders - -

124

Frazier, Charles L., director, Washington staff, National Farmers

Organization..

30

Haw, C. L. William, executive vice president, Commerce Bank of

Kansas City, Mo.

129

Hutton, E. F., & Co. Inc..

132

Incomico, Inc., New York, N. Y..

International Commodities Clearing House, Ltd., London, England..

Jackson, Judy, information director, Consumer Federation, Washing-

ton, D.C..

284

176

272

Jarecki, Dr. Henry G., chairman of the board, Mocatta Metals Corp.,

New York, N. Y.

190

Association, Omaha, Nebr

Johnston, David T., senior vice president, E. F. Hutton & Co., Inc. -

Jones, B. H., executive vice president, National Livestock Feeders

Kansas City, Mo., Board of Trade___.

132

68

116

(III)