188 SIXTY·SEVENTH CONGRESS. Sess. I. C11. 86. 1921. §§{}"§,},‘}‘{§f,"· 0, Sec. 5. That the Secretary of Agriculture is hereby authorized and ¤¤¤r¤¤<>f¤¤d¤¤¤~ directed to designate boards of trade as "contract markets? when, °°”‘““°“°‘· gud only wihen, such boards of trade comply with the following conrtrons an requirements: m,I}°k°§:'iZZ-Y umm] (a) When located at a terminal market upon which cash grain is solid in iufiicienltalvolaulmes under sucg cgndétlipns as fairly;] to reectte ene v ueo te ainan te `erenceinv ue betwlggn thi various grades of grgr, and having recognized official _ wei an inspection service. ,,,,°§{';*’?,,"}‘,,'QP,,”,,Q’,,T tit? gpgaelrging board thI:r·eogprow;ides fpr gehe making ¤¤¤¤¤;·¢¤*¤¤¤¤·an ing, y e oranymem rtereo,aste cretaryo u°°°’ t°' Agriculture may direct, of reports in accordance with the rules and regulations, an in such manner and form and at such times as mal; be °bed by the Secretary of Agriculture, showing the deta' and terms of all transactions entered mto by the board, or the members thereof, eithm· in cash transactions consummated at, on, or in a. board of trade, or transactions for future delivery, and when such governinfg board provides in accordance with suc rules and regupltaions, oréttheageepinghgf S;) record by the cblgard or thedmembegs of t tr e, as retary o ture may irect, s owing the details and terms of all cash an future transactions entered into gy theegn, consummatedf at, cnf, orcin zhgoard of tradaaii sugk recor to m permanent orm, s ow1ng` parties to ·su transactions, any assignments or transfers thereof, with the parties an mw theretgi and the marirpder iré whlich salig are fulfillteél, ¤,¤,m,,m.,,:,.d,, c arg , or termina . uc reco s to pt for a period of three years from the date thereo , or for a longer period if the Secretary of Agriculture shall so direct, and shall at all times be open to the inspection of any representative of the United gtates Department of Agriculture or United States Department of _ _ ustice. ,,§,'§;?§t0}’”fs¤l§'}(i‘E€ (0) When the governing board thereof firevents the dissemination, P'**‘°»°“`— by the board or any member thereof, o false, misleading, or inaccurate report, cro& or market information or conditions _ that affect or tend to act e price of commodities. m,TQ°i’$§ E§·'°°,,,,¤”§ (d) When the governing board thereof provides for the prevention tm- of arlnanipulation of prices, oril tgre cprnering of any gram, by the _ _ e ers or operators upon suc oar . ,,,,,,"°m{ F °°°’°"""`° (e) When the vernrg board thereof admits to membershi tions of uc mw ¤¤¤¤¤¤¤gii>i thereof and all priéileges thereon on such boards of trade any dnl; authorized representative of any lawfully formed and conducted _ cooperative associations of producers having adequate financial re- §{§{",,’,'§;,,,,,,, ,,,,,,,,.,,_ spgnsibilityz Provided, gahlxft nolrule ofha clcgrtrzct markiet against i¤¤¤¤<>¤¢· re atrng commissions s app to the tri ution o earnings _ amongvéllnre bona Ede members ofy 1131 such cooperative association. ,,,,{.‘,”,’,‘{E,°,,,’,§‘,‘j§,‘§f"“ ‘° (f) en the governing board s provide or making effective the Hnal orders or decisions entered pursuant to the provisions of
- ’·>*#· P- *89- paragraph (b) section 6 of this Act.
$,°,§",?§,§§$}‘§§§,,_ Sec. 6. That may board of trade desiring to be designated a "con-
- s¤¤¤ii>¤¤· tract market" sh make application to the Secretary of Agriculture
for such designation and accompany the same with a showing that it complies with the above conditions, and with a sufficient assurance that it will continue to complly with the above reciuirements. agi°°f·i°i:d§;!i¤ix°it$°£iQ (a) A commission compose of the Secretary o Agriculture, the gymsfjgmjjs 22;}% fa Secretary of Commerce, and the Attorney General is authorized to ’ suspend for a period not to exceed six months or to revoke the designation of any board of trade as a "contract market" upon a showing that such board of trade has failed or is failing to comply with the above re31uirements or is not enforcing its rules of government made a con tron of its ion as set forth in section 5. H"'i”"*°°°‘ Such suspension or revocation only be after a notice to the
