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Commodity Futures Trading Commission 

CEA CASES 

NAME: GLENN L. MARTIN AND HENRY L. T. ULLRICH 

DOCKET NUMBER: 35 

DATE: JULY 10, 1945 

DOCUMENT TYPE: COMPLAINT 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re Glen L. Martin 3703 Greenway Baltimore, Maryland and Henry L. T. Ullrich 

Delaware Trust Building Wilmington, Delaware Respondents 

CE-A Docket No. 35 

Complaint and Notice of Hearing under Section 6(b) of the Commodity Exchange 

Act 

There being reason to believe that the respondents have violated the 

Commodity Exchange Act (7 U.S.C. Secs. 1-17a), and the rules and regulations 

promulgated pursuant thereto, this complaint is issued alleging the following: 

1. 

The respondents did on June 9, 1945, make purchases of rye futures contracts 

on the Board of Trade of the City of Chicago, a duly designated contract market 

under the provisions of the Commodity Exchange Act, as follows: 

July 1945 rye futures contracts 600,000 bushels

September 1945 rye futures contracts 1,100,000 " December 1945 rye futures contracts 1,100,000 " May 1946 rye futures contracts 800,000 "

 Total 3,300,000 "

2. 

The transactions set forth in paragraph 1. were made through the brokerage 

firm of Laird, Bissell and MEEDS on orders given by Henry L. T. Ullrich, acting 

as agent for Glenn L. Martin, under trading authority given him by Glenn L. 

Martin. 

3. 

The purchases set forth is paragraph 1, did ot represent spreading or the 

closing of spreads and were not bona fide hedging transactions as defined in 

paragraph (5) of Section 4a of the Commodity Exhange Act. 

4. 

The purchases set forth in paragraph 1. exceeded by 1,800,000 bushels the 

daily trading limit fixed on December 22, 1938, by the Commodity Exchange 

Commission under authority of Section 4a of the Commodity Exchange Act. 

Therefore, the respondents are hereby notified to be and appear at a hearing 

to be held at 10:00 a.m., Eastern War Time on the 9th day of August, 1948, in 

Room 2367, South Building, Department of Agriculture, Washington, D. C., before 

a referee designated by the Secretary of Agriculture to conduct such hearing, 

and then and there show cause, if any there be, why an order should not be made 

directing that, until further notice of the Secretary of Agriculture, all 

contrast markets refuse all trading privileges to respondents. 
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The respondents will have 20 days after the receipt of this notice of hearing 

in which to file with the Secretary of Agriculture an answer in triplicate, 

fully and completely stating the nature of the defense and admitting or denying 

specifically in detail such material and relevant allegation of this complaint. 

Any allegations that are not answered may be deemed admitted for the purpose of 

this proceeding. 

It is ordered that this complaint and notice of hearing be served on the 

respondents by delivery of a true copy hereof to each of them by an employee of 

the Department of Agriculture or by registered mail at least 20 days prior to 

the date herein set for hearing. 

Done at Washington, D. C., this 10th day of July, 1945. 

/signed/ Clinton P. Anderson 

Secretary of Agriculture 

LOAD-DATE: January 14, 2009 
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