ROOSEVELT WANTS 'TEETH' IN STOCK EXCHANGE BILL; SEEKS SPECULATION LIMIT; SUPPORTS PENDING DRAFT It Meets Minimum Requirements of Strict Regulation, He Says. LARGE MARGINS REQUESTED President Asserts Protests Are 'Highly Organized' From a 'Common Source.' FLOOR TRADERS SEE HARM Bill Is Introduced for Stringent Regulation of Commodity Exchanges. ROOSEVELT BACKS THE EXCHANGE BILL
Roosevelt, in lrs to Sen Fletcher and Repr Rayburn, calls for high margin requirements, to curb speculation and give Govt power to supervise it