No changes in duties were made in 50 percent of the reports.

A little over half of the other reports involved reductions; the balance provided for increases.

Work on 29 other surveys and investigations is also proceeding as rapidly as possible consistent with the careful study and analysis which the Commission gives each topic.

The cases brought before the Commission are being handled expeditiously.

It has come to my knowledge that certain persons are selling short in our commodity markets, particularly in wheat.

It has but one purpose and that is to depress prices.

It tends to destroy returning public confidence.

I do not refer to the legitimate grain trade.

Even though the effect may be temporary, it deprives many farmers of their rightful income.

But in these times this activity has a public interest.

If these gentlemen have that sense of patriotism, which outruns immediate profit, and a desire to see the country recover, they will close up these transactions and desist from their manipulations.

I refer to a limited number of speculators, and I am not expressing any views upon the economics of short selling in normal times.

The intent is to take a profit from the losses of other people.

The confidence imposed upon me by law as a public official does not permit me to expose their names to the public.

I do not refer to the ordinary hedging transactions, which are a sound part of our marketing system.

It is my sincere hope and expectation that this proposal which has been presented to and accepted by the nations of the world will revive confidence and promote prosperity among all peoples.

Your accomplishment is striking testimony of the advancement which has been made during the last few years by American pilots and American engineers.

Their presence is another indication of the interdependence of the various countries in the world's business.