New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-02-16
THE ANTI OPTION BILL.
LITTLE LIKELIHOOD OF CONGRESSIONAL INTER
FERENCE WITH LEGITIMATE TRANSACTIONS.

LITTLE LIKELIHOOD OF CONGRESSIONAL INTER
FERENCE. WITH LEGITIMATE TRANSACTIONS.
Washington Feb Is (spcciaN- Chairman Hatch, OF
tbc Uou., Committee or Agriculture hopes that every
holy who de,cs to he heard on the Ant-uptloh Dill
Will apnrar th, week in order that tho committee
may n,,.eed to consider the several provisions OF ta
measure. II j. apparent as heretofore rE'''n '
these II patches. that member of the commi"c INV
fond reason 10 m0diy their views since the h'arlhs
No., add that II f.. moi now probable that bill VIII
10 f,v.rablv rcp,rcd which VIII attempt 10 Interfere
,,ith legitimate dealers dealings In AGRICULTURAL
product.. In conversation with Tribune CORE
pondc.t today. Chairman Hatch said in substance
III man -cll- wheat today for delivery IN JhN' J"
ma, q right T. DO 20 and there ought to be no attempt
hv Con.rcs, 10 interfere with the Transaction now
,,.,,nc he ind, To morrow that the same "hcat i
rri I cent or > cents bushcl more for July delivery
than II ,.i, today, and, being satisfied WIN ,i''
much profit. he sells IT Has Congress any r-h. :"
interfere with that transaction thnR not Inv
ans. wheat NAV De odd and over acin bci"''
Juv conc. but do not SOC how the l"g-EtV' p"".'
can Boz invoked to prevent ~uch sae-. ,',
.a ;,at the original transaction T. legitimate "h"
f. to draw tie line tcyord which such tTan'a't"h''
,, ., the transfer II title 10 a commodity when j
IN actual existence. shall not 80 do ho' Done''
that II is within the province oi Congress 10 q" 90 Al"
cr one I never will cou-cnt 4" report or SupiT'' d"
,r which win Interfere either with the producer
go t..i,i,,.. dctlrrs AID which might be Injurious !"
b0tt Bat there a sort " trading OF 'P''u'''''' ~
farm prolu,t- which. - PRECEDENT Hun'l'' ." -.
CHICAGO Board Of Trade today odmitcd' i h"'i'"H
. r..r ,..- than gambling. pure aud ''n'p'' q
.,,tuc in which the producer b. hcc'cd IN ''"'.''
lao. ,..,r.l a, - the principles II ho'c'f ana I"'''
,., dealing In Choa-o. after open d"i"h'> '''
,l,. "a b. tie IoitA ~ Trade. n'hb'T7 "' 'i'' ~ "
.,c-..,t. ll o room from Nhi ev'r1'"F VA .''
rr,s is excluded. and there Indulge III pr"'u,o
tcb f., at-,mr,t.d in the oicn Board ""nid r'h''l
and, al I'm .ltlu' pl
u. l,v.. Of the state. Contracts are ue'' maui
, Gould mol b. 81 forced IN any court ~ IN" state
,, ,rt,cee ought to be- stopped If there Is any WAY
,r'. clic,,, Board Of Trade had hearing before
che committee to-day Oh the Anu opu'h W. w
through it, president Charles '" liami' oppO' ,,.",
80. - fine bin on the ground that II promotc"
20 ~ d, t,,,rcs The system Of future delverleN'
v I,,iu .old grew mp I'm response 70 demhhu I'''"
c i,r-i. for A continuous open market "hi'h "'iN
ir,o,-lhle without future buying ana Se"'"F' "
believed the sale ~ future was IN the ih"re>' VI P
dnce,. speculation. In hi opinion. had n 'c'''"
a. .r.t,lu values \ put or CALI was h'l 'o
,,,, 10. ia. roaid of Trade. II purely a gam
,,'. ,,..,.,,tlou and the board would wccom" any
thing which prohibited IT, .-.a
r. answer TO Mr. Hatch. MIR. Hamlll said there was
q scttline o. room In the Board OF Trade Dn'iu'ne "
mt and calls were frequently bought ana so'" i,
,,- o.cI,ck the time the Exchange closed uh'l
.,.i,.1 \, record was kept OF these tilsa'uo''
In hi, opinon tlc-c dealings had no apprec'"oo ~
! an pricc, I'm the open market The difference o''"..
- f,t,,ro and an option was that one vas contract u
| " ,,., ,,lv q nri,flcgc 10 make contract. 10
Wr iIatch. Mr Hamu aid that duplication o, cyl .
tracts would not have any erect "m''''r VI" W.
: ". Aierton and Mr., Norton OF inc '"'"s'
| pon.d ~ Trad. also opposed g." BILL a., -. Donro
U ny, Iii irtroduced in the House today by heplc
sentative Hatch of Missouri ly redng, yo,v q" farm
| spD,nrt and ON dealers therein. wn' prepares, Wy
II Maltullah Of s. Paul who made the hisu"' Mr.
tr,r ,ic corntnttcc recently on the siuJe',. 49,
nr,dmcod the bin simply ms matter OF -
| -, vr Nalulhth His action, he says docs h'' '
| mif lam I'm any way TO its PROVISIONS