SUGAR: Ineffectual Agitation

The Government lost its suit to enjoin the New York Coffee ant Sugar Exchange. Four Federal judges refused to grant the requested injunction against trading in sugar futures, on the ground that no conspiracy in violation of the Sherman Act or the Wilson Tariff Act was revealed. Attorney General Daugherty announced his intention of appealing the decision to the U. S. Supreme Court. Meanwhile U. S. District Attorney Hayward has issued subpoenas upon sugar brokers to produce their books before the Federal Grand Jury, with the implication that a Grand Jury...

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