Evening star., 1947-12-22
Others to Follow;
Three Men From
District Named

The name of Ralph K. Davies,
former deputy petroleum ad-
ministrator for war, appeared on
q partial list of TIL so-called big
traders in the commodity futures
markets released today by Sec
retary of Agriculture Anderson,
Mr.. Davies, one of the best-known
figures of New Deal Washington, re-
signed his position with the Gov
ernment on December 81, 1916. To-
days list was made up of traders
who held commodities on the fu-
lures market on october 81, 1916,
October 81, 1947 or both.
None of the trading is unlawful,
but President Truman has asserted
that speculation has tended to run
up the price of commodities. Some
exchange men dispute that.
Mr. Davies was listed under the
Speculative and spreading column
of the list for cottonseed oil and
oats futures. He was listed as hold
ing 100000 pounds of cottonseed Oil
futures on October 81, 1947, and
100000 bushels of oats futures on
October 81, 1916.
Three Listed From District.
Mr.. Davies name and that of
Edwin Pauley, details of whose
trading were revealed in a
Senatorial hearing last week, were
the only widely known ones of
today's list. Mr.. Pauley is serving
as a special assistant to the Secre-
tary of the Army Royal His was
the only name of government en-
ploye on the list.
There were, however, names of
three. VINO gave Washington ad-
dresses. They were: Dyke Cullum
Louis Schwartz and Ray A. Graham,
jr.
Mr. Cullum, who was identified to
neWspapermen by Secretary Ander-
son as representing several grain
concerns in this city, was listed as
holding 250000 bushels of wheat
futures and 100000 pounds of cot
tonseed oil futures.
Mr.. Cullum Is president of the
National Commodity Corp with Of
fees in the Hibbs Building. He Is
out of the city. but his secretary said
the corporation was set up in Febru
airy, 1947 for the purpose of export
ing commodities.
With the difficulties of export"
the secretary said. I'VE have been
trying to sell to the Army and to
the Government for feeding over
seas. The corporation also is in
terested in purchasing and selling
commodities.
296 Engaged in Speculation.
Mr.. Schwartz was listed as hold
ing 470000 bushels of wheat in
long position and a $4,000 bushels
in short position. total of 985,0 900
bushels. He was also listed as hold
ing 495 900 bushels of oat futures in
a long position and 355,000 bushels
of oats in a short position, total
of $4,000 bushels. He was further
listed as holding 435,000 bushels Of
corn in a long position and 10000
bushels in short position, total
of 745000 bushels.
Mr. Graham was listed as holding
42,30O bales of cotton futures in
long position and $4,000 bales in a
short position, total of 85 300 bales
Secretary Andersons list was COM
posed of traders who are required
to report their holdings to the Com
modify Exchange Administration,
agency which has limited super
visory powers over the markets.
Mr.. Anderson said the list in
cluded 296 persons who engaged in
speculative operations. The others
engaged in hedging, nonspecula-
tive type of operation, and in
spreading" a semispeculative type
of operation.
Secretary Anderson, when asked
II any Government employees may
turn up on subsequent lists to be
made public, said a number of
spectators or traders. which he es-
timated at under 100," had listed