Publicity in Grain

The Capper-Tincher bill, which in theory placed American grain exchanges under the supervision of the U. S. Department of Agriculture, has never produced any practical change of importance in the rules and practices of the Chicago Board of Trade. Recently the Federal Trade Commission has, in compliance with a Senate resolution, conducted an investigation of that market, and in its report makes several recommendations regarding desirable changes in the present mode of operation.

First of these is that the total volume of each day's trading be made public, as on the Stock Exchange, as well as the open trades in each option. Another suggestion is that delivery of grain on future contracts be allowed at other markets, in order to lessen the danger of technical corners at Chicago. Lastly, the Trade Commission advocates the prohibition of trading by a broker on his own account.