Trading Standards Abused or Commodity Exchange Unit Under Fire
Washington AP reports scrutiny of the Commodity Exchange Authority over alleged trading abuses this year as soy futures rose to 12.90 a bushel and wheat futures topped 44 a bushel. Critics say weak regulation and speculators disrupt supply demand balance. Caldwell defends current forms but seeks more powers to curb violations, impose penalties, and enforce orderly liquidations and multiple delivery points.
MENTIONED IN THIS ARTICLE
Washington
Commodity Exchange Authority
CEA
Chicago Board of Trade
Congress
House Select Small Business
Alex C. Caldwell
Securities and Exchange Commission
Agriculture Department
Caldwell
U.S
Earl L. Butz
Risks and thrills of treasure hunting off Florida Keys
In Islamorada, Florida, experts warn treasure hunts can be exciting yet costly. Marine archaeologists Carl Clausen and Robert Marx caution on risks, scams, and legal limits, noting many divers lose money while a few find valuable wrecks. Underwater archaeology offers history, not quick riches, with reef life and clear visibility adding appeal.
MENTIONED IN THIS ARTICLE
Eric Sharp
Associated Press
Islamorada, Fla
Isles of the Caribees
Carl Clausen
Clausen
State of
Florida
Texas Marine Archaeologist
Sunshine State
Florida Keys
Keys
Robert Marx
Melbourne
Fla
Marx
Hollywood
Cockrell
Las Vegas
Stock Market Falls After July Rally Wanes
The New York stock market slipped for a second consecutive week wiping out most of July gains. The Dow fell 17.16 to 892.38 as rates and political uncertainty weighed on investors. Volume reached 62 million NYSE shares with 1,270 decliners to 487 advancers. The Treasury issued a 2 billion tax-anticipated bill to record highs, and CitiBank-led banks boosted prime rates to 9.4 percent, drawing mixed reactions from traders and officials.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Ralph Acamra
Harris, Apam & Co
U.S
Maryland
Spiro Agnew
Treasury
Also Mentioned on This Page
Indochina
Cambodia
Phnom Penh
Commodity Exchange Unit
SEC
Commodity Exchange Commission
Justice Department
Shorts Committee
U. S
Port Royal
Europe
Americas
W.A
Sonny” Cockrell
Iam
First National City Bank
Wall Street
George P. Shultz
Citibank
Gould Barker
King of the Sea
KING
Park Avenue
E First Federal Savings and Loan Association of
Danville
Main Street
Virginia