THE GOVERNMENT: Tips on Tipsters

An oft-repeated expression of naïve Secretary of Agriculture Henry A. Wallace is "I was astonished." Last week, Secretary Wallace "was astonished at the number of speculative accounts controlled by so-called commodity counselors or 'tipsters.' " His astonishment was conveyed in a letter to a unique Washington meeting that marked the opening of a campaign to squelch such tipsters. Present were officers from most of the important U. S.

commodity exchanges.* In Secretary Wallace's absence, leathery-faced Assistant Secretary Harry Lowrance Brown presided. On the driver's seat with him sat such Government officials as...

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