Kansas City daily journal. [volume] (Kansas City, Mo.) 1892-1897, 1896-08-14

"Tho confederate council Ibundesrath Is
empowered IL forbid time contracts on cN-
change Tor certain goods. stocks or bonds,
or to allow them only under certain condi'
tons The Borsen time delivery contracts
In mining shares and shares of manufnct-
uring establishments are forbidden. The
Bursen time contracts IN shares Of other
companies shall only be allowed Il thcir
capital is at least 2c"no.Opo marks Gi,I6o O'O.
The ilorsrn time contracts in grain and
mill products are forbidden.
Each court OF justice, keeping register
Of mercantile Arms, shall also have Bor,-
sugar etr.i, and one for stocks and bonds.
Every person or firm wishing 20 transact
time deliveries on exchange shall there en-
ter his name domicile aud profession, pay
ing n fee of $50 marks tfSj.IOD FOR the fret
year and p marks $3.50 for each subse-
Inspection. Each entry shall be at once
published for the benefit Of those con-
cerned, in the Reichsanzeiger (OriciIl Ga
2ette) and shch newspaper as the, official
court notices are inserted in, on January
] each court shall make q list Of all per
song and firms entered, which shall be sent
to the court for the district of the city OF
Berlin, and on January ~ OF each. year, tn"
latter shall publish cory of the whole
register In the ReichsanLeiger
~ TWO parties, on transactlng time
delivery contract, were not both entcrel
IN one Of The reEisters above. described,
lproduce or stocks and bonds, contract
between them is not considered to exist,
and It's settlement cannot be effected by
recourse TO courts of law. The same IL
the case ii the contract is made abroad
or Is TO be delivered abroad
Punishment and Fines.
ANY person who. with fraudulent intent,
uses means calculated 10 deceive. for the
purpose Of influencing the exchange or
market value OF goods or bonds and stocks
or who, with fraudulent intent. makes
false statements In prospeGtuses or public
purchase or sale of, bonds and stocks; or
who, with tho object OF gain, induces 9TH
prOiitiug by their inexperience: or who, in
order to procure proht to himself or n
third person, causes causes loss 70 a person by
concerning exchange transactions. shall be
subject 10 Imprisonment and lines OF from
a.CD To l5,C00 marks tsIli to $500, accord
ing TO the nature of the ease.
THE law goes into effect on January J.
lssl, eNcepting the, ,pnrasraph in which the
one years existence and the publication OF
the proht and loss account is forbidden.
lssi, IN order TO prevent large quantity
Of new stock being thrown upon the mar
ket before the enforcement Of the law.
THE father of the law Is. ms already In
tmatcI the Agrarian party in the reichs-
iaE, whose leaders are ut the head of
the tGnd der Lanlwlrthe, "A union of So :
900 farmers throughout Germany. and their
cEiei aim l. TO get higher prices for their
produce and be less dependen, upon the
dc! cries facilitate imports and hence de-
press prices, allowing the large speculate
ots 70 exercise complete control or the
market They say that the speculator
makes a plaything of the principal food
of man. and that much more grain Is sold
than Is grown on the earth.
German Agriculture Depressed.
There is no doubt that German agri-
culture is severely depressed, owing to the
prevailing low prices. which render any
remuneratlve return from the cultivation
o. the soil very uncertain Ia profit of TO
NEST that can be looked for. But 1t is
doubtful whether the bill viii have the
effect anticipated l. e.. amelioration OF the
contrary, a falling off of prices and great
er fluctuations. as the selling facilities will
be restricted and the time delivery con-
tracts will no longer compensate for the
fluctuations.
"The way in which grain merchants view