The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-10-19
ReUie7V
Initiation BUgaboo
Again Reaches
Wall Street.
by FREDERICK MATSON-
Times Financial Writer

A FTER a lapse of more than two
L N years, trading in privileges
was resumed Wednesday on the
Chicago Board Of Trade. In anoth-
or attempt to broaden trading on
the nations leading grain futures
market its membership also voted
reduction in margin requirements
Transactions in privileges are
called such because they give the
buyer certain right, privilege or
option. They also are identified as
'indemnities,' since they are used
as means Of inSuring against Sc
we're loss on grain market commit
ments. Bids and offers puts
and calls" and ups and downs are
other synonymous terms.
The new margin requirements
provide that the present Board of
Trade clearing house stipulations
Of 4 cents a bushel on wheat, rye
and barley, 3 cents on corn and 2
cents on oats are mandatory on
spreading and hedging trades.
On other transactions in futures,
minimum margin is $50 per cent of
the clearing house requirement.
A new all-time peak in electricity
production in the United States was
was reached in the week ended
Oct. II, at 1867 1877 900 kilowatt
hours. This was 1877 per cent in
crease over the same week last
year.
A CALL to American business to
"A resume its pre-depression re-
sponsibilities toward the nations
workers was issued by Daniel c.
Roper, Secretary of Commerce. He
also announced fiat opposition to
further attempts by the govern
ment to NEEDLE with" or "regi-
ment" industry,
Mr.. Roper made his demand as
officials admitted the works relief
program had fallen 100000 jobs
short of its goal that The dole"
could not be ended Nov /, as
planned, and as the American Fed
Grafton of Labor warned that it
would attack the unemployment
problem by seeking to jam through
Congress a 30-hour work week.
Alfred p. Sloan, president of
General Motors Corp, declared that
much depression thinking" re-
mains to be liquidated. Speaking
at a session of the New York Her
aid Tribune's fifth annual forum on
CurTcn' affairs, he made the follow
ing statement:
"AS returning prosperity becomes
more widespread we can count def
nitcly upon a realignment of gov
eminent economic policy in the di-
rection of accelerating rather than
retarding industrial progress
Mr.. SlOan'S remark was regarded
as particularly reassuring, when it
was recalled that throughout the
depression his prOnunCiamentOS on
governmental activities have been
distinctly peSsimisuc.
CURRENT crack down" on some
~ of the countrys largest con-
Germs by the Federal Trade Com
mission was revealed this week
Since the Supreme Court held MIRA
invalid, the commission has issued
complaints against several major
organizations.
One of the largest to he cited is
the California Packing Corp. The
complaint alleges an attempt to re-
strain competition in interstate,
Coastwise and foreign trade and an
effort to create a monopoly in San
Francisco Bay shipping terminal
business.
Special interest is attached to
the commissions activities because
the Commerce Department has in
Dictated that expansion of the
boards powers was under consider
alton for a reconstructed NRA.
The Bank of the Netherlands on
Wednesday reduced the discount
rate of the guilder from 6 to per
cent. The unstable position of
Dutch currency, with strong ship
ping and export interests demand
ing devaiuation of the currency de-
spite opposition of the queen, has
been marked by II changes in the
banks discount rate since April a.
This most recent action took
place when fear regarding devalua-
ton was dissipated with the forma-
ton of new cabinet by Premier
Hendrix Collin