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Commodity Futures Trading Commission 

CEA CASES 

NAME: WALTER D. FARMER, WINFRIED M. FARMER, AND W. D. FARMER 

DOCKET NUMBER: STIPULATION 67 

DATE: NOVEMBER 19, 1964 

DOCUMENT TYPE: STIPULATION OF COMPLIANCE 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Walter D. Farmer, Winfried M. Farmer, and W. D. Farmer, a futures 

commission merchant 

Stipulation of Compliance under the Commodity Exchange Act No. 67 

The Secretary of Agriculture has reason to believe that Walter D. Farmer, 

Winfried M. Farmer and the firm of W. D. Farmer have violated the provisions of 

the Commodity Exchange Act (7 U.S.C., Chapter 1) and the regulations of the 

Secretary of Agriculture promulgated thereunder. No complaint with respect to 

such violations has been issued and Walter D. Farmer, Winfried M. Farmer and the 

firm of W. D. Farmer are desirous of disposing of the matter by entering into a 

stipulation of compliance as authorized by section 0.4(a) of the Rules of 

Practice under the Commodity Exchange Act (17 CFR, 0.0-0.28). Therefore, Walter 

D. Farmer, Winfried M. Farmer and the firm of W. D. Farmer stipulate the 

following facts are true: 

(1) Walter D. Farmer and Winfried M. Farmer are and were at all times 

mentioned herein registered floor brokers under the Commodity Exchange Act, and 

members of the Kansas City Board of Trade, a duly designated contract market. 

(2) W. D. Farmer is and was at all times mentioned herein registered as a 

futures commission merchant under the Commodity Exchange Act with an office and 

principal place of business at 439 Board of Trade Building, Kansas City 5, 

Missouri. 

(3) During the period January 2, 1964, through June 4, 1964, acting upon 

instructions received from Uhlmann & Co., Inc., Walter D. Farmer entered into 

transactions in wheat futures on the Kansas City Board of Trade in the amount of 

555,000 bushels purchased and 555,000 bushels sold. Such transactions were for 

the purpose of enabling Uhlmann & Co., Inc., to pay commissions to Bates Grain 

Company. During the same period, Walter D. Farmer entered into transactions in 

wheat futures on the Kansas City Board of Trade in the amount of 700,000 bushels 

purchased and 700,000 bushels sold with Winfried M. Farmer for the purpose of 

assisting Winfried M. Farmer to enter into transactions to enable Uhlmann & Co., 

Inc., to pay commissions to Bates Grain Company. 

(4) During the period January 2, 1964, through June 4, 1964, acting upon 

instructions received from Uhlmann & Co., Inc., Winfried M. Farmer entered into 

transactions in wheat futures on the Kansas City Board of Trade in the amount of 

1,600,000 bushels purchased and 1,600,000 bushels sold for the purpose of 

enabling Uhlmann & Co., Inc., to pay commissions to Bates Grain Company. During 

the same period, Winfried M. Farmer entered into transactions in wheat 

futures on the Kansas City Board of Trade in the amount of 200,000 bushels 

purchased and 200,000 bushels sold with Walter D. Farmer for the purpose of 
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assisting Walter D. Farmer to enter into transactions to enable Uhlmann & Co., 

Inc., to pay commissions to Bates Grain Company. 

(5) The Secretary of Agriculture has advised Walter D. Farmer, Winfried M. 

Farmer, and the firm of W. D. Farmer that the transactions enumerated in 

paragraphs (3) and (4) were, or were the character of, wash trades in violation 

of section 4c(A) of the Commodity Exchange Act. 

Walter D. Farmer, Winfried M. Farmer and the firm of W. D. Farmer agree to 

desist from such acts and practices in the future. They further understand and 

agree that this stipulation shall be admissible as evidence of such acts and 

practices in any future proceeding based upon acts or practices other than those 

referre[ILLEGIBLE TEXT] to herein which may be brought by the Secretary of 

Agriculture against any of them under the provisions of the said act. They also 

understand that it is the practice of the Commodity Exchange Authority to make 

stipulations of compliance a matter of public record. 

Done at Kansas City, Missouri, this 

19th day of November, 1964 

Witnesses: 

[SEE SIGNATURE IN ORIGINAL] 

W. D. FARMER 

By [SEE SIGNATURE IN ORIGINAL] 

[SEE SIGNATURE IN ORIGINAL] 

[ILLEGIBLE TEXT] 

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