Regulation of Coffee Futures Trading: Hearing Before ..., 83-2 on S. 1386 ..., February 2, 1954 |
Common terms and phrases
1953 In thousands 50 pounds amendment Anglo-Egyptian Sudan average Bahrein Island Belgium believe Brazil Brazilian British Malaya calendar CHAIRMAN Coffee & Sugar Coffee and Sugar coffee producer Commodity Exchange Act Commodity Exchange Authority Continent and country contracts of coffee country of destination economics of coffee estimates of foreign Foreign Agricultural Service foreign countries Foreign Service officers futures contract Gillette committee Green-coffee exports January-June Less than 50 LOBO MACKEY MEHL million bags Netherlands Oceania office research Official estimates price of coffee production of coffee question regulations reports from U. S. results of office SCHOEPPEL Senator ANDERSON Senator ELLENDER Senator HOEY Senator HOLLAND Senator SCHOEPPEL speculation straddle interest Sugar Exchange supply of coffee Sweden Switzerland tion Total Africa Total Asia Total North America Total West Europe trading in coffee trading in futures transactions U. S. Foreign Service United Kingdom West Europe word coffee World total York Coffee
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Page 2 - Solanum tuberosum (Irish potatoes), wool, wool tops, fats and oils (including lard, tallow, cottonseed oil, peanut oil, soybean oil and all other fats and oils), cottonseed meal, cottonseed, peanuts, soybeans, soybean meal, livestock, livestock products, and frozen concentrated orange juice...
Page 40 - NEW YORK COFFEE & SUGAR CLEARING ASSOCIATION, INC., New York, November S3, 1949. To the Members of the New York Coffee & Sugar Clearing Association, Inc. GENTLEMEN: In accordance with section 15 of the bylaws, and until further notice, members shall be required to maintain an additional original margin of $1,000 per contract of coffee upon their interest in the current month. This ruling to take effect on clearance sheets filed on the afternoon of Friday, November 25, 1949. By order of the board...
Page 4 - MAY 27, 1953. Hon. GEORGE D. AIKEN, Chairman, Committee on Agriculture and Forestry, United States Senate. DEAR SENATOR AIKEN: This is in reply to your letter of March 21 with which you referred S.
Page 2 - by the Senate and House of Representatives of the United States of America in Congress assembled, That the third sentence of section 2 of the Commodity Exchange Act, as amended, is amended to read as follows: "The word 'commodity...
Page 4 - Mr. MOORMAN. Would you read that part of the letter again from the Secretary that referred to the doubt about coffee? Mr. MEHL. It just simply says: And while there may be substantial doubt as to the justification for trading in coffee futures on an American exchange. Mr. MOORMAN. There is a doubt — Mr. MEHL. He says: And while there may be substantial doubt as to the justification for trading in coffee futures on an American exchange, enactment of S. 1386 would enable the Department to maintain...
Page 29 - ISRAEL JR., VICE PRESIDENT; AND CHARLES F. SLOVER, MEMBER, COFFEE COMMITTEE, NEW YORK COFFEE & SUGAR EXCHANGE, INC. Mr. LOBO. Thank you, Senator. My name is Gustavo Lobo, Jr. I am president of the New York Coffee & Sugar Exchange, in which capacity I am here. I am also president of Olavarria & Co., Inc., sugar importers, and partner of Lobo & Co., commodity brokers. I am accompanied by Mr. Leon Israel, Jr., vice president of the New York Coffee & Sugar Exchange, president of Leon Israel & Bros.,...
Page 26 - ... upon the transmission of power, but would have power near their project. That, of course, as you know, was recommended as the beginning of the Ice Harbor project of the Army engineers as an alternative solution for the supply picture there. Now, you pointed out that there may be another alternative. I do not want to be in the position of saying that this is the only thing that can be done.
Page 5 - ... Subcommittee on Futures Trading in support of H, R. 7920, as well as on a companion Senate bill to ban futures trading on onions, you had inserted in the Congressional Record of May 22, 1956, several statements on this matter, including a copy of my letter of May 16, 1956, to Mr. Rodger R. Kauffman, Administrator of the Commodity Exchange Authority of the United States Department of Agriculture, Washington, DC The statements included in that letter apply as well today as they did then, and I...
Page 6 - ... be substantial doubt as to the justification for trading in coffee futures on an American exchange. Mr. MOORMAN. There is a doubt— — • Mr. MEHL. He says: And while there may be substantial doubt as to the justification for trading in coffee futures on an American exchange, enactment of S. 1386 would enable the Department to maintain surveillance of such trading and -at the same time afford opportunity to evaluate the services provided by the coffee futures market. Senator BEALL. Thank you,...
Page 30 - CP]A — would bring in its wake a score of major difficulties, disruptions, maladjustments and, international complications. With the CEA having supervision over coffee and controlling the violations and breach of fiduciary relationships and the practices on the exchange as to ex-pit transactions, how could that cause any international complications? Maybe the question is unfair. It couldn't, could it? Control by CEA of...