Word: duvel
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Dates: during 1937-1937
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...became apparent that shorts could not cover their obligations in time except at the longs' terms. Farmers National Grain Corp., leading U. S. grain co-operative and a leading short, formally complained to the Commodity Exchange Administration, charging "major manipulation." C.E. A. Chief J. W. T. Duvel cracked back with a stinging rebuke : "Every time there is a price rise or fall, there is an outcry from those who lose money." Two days later, however, having already tripled margins and taken the unusual step of ordering traders to reveal their market positions without easing the strain, the Chicago Board...