Senate Banking Group Votes to Study Market
The Senate Banking Commit-1 tee yesterday unanimously! voted a full committee ÛÏstudyÛ! of stock market movements,1 with special attention focused on any ÛÏextremeÛ price fluctuations.</br></br>Senate Banking Chairman J. William Fulbright (D-Ark.) said* the study probably will get under way on February 21 ÛÏbut there is no reason for anyone to gel excited.Û ÛÏWe plan no Û÷investigationÛª of the market at the present time in the meaning often at-1 tached to that term,Û Fulbright told a news conference.</br></br>ÛÏHowever, the remarkable rises in market prices over the past 15 months, and especially! the past two-and-a-half months,! certainly warrant the Commit-j teeÛªs concern and study.Û j ! Sen. Homer E. Capehart find.), ranking Republican member of the Committee, I.said Republican committeemen ÛÏwent alongÛ with the Demo-' era tic move and will be ÛÏvitally interestedÛ in the study. He said the results could be ÛÏmost educational.Û</br></br>ÛÏ1 want to make it clear that we shall avoid this to the maximum extent possible,Û he said in a statement. ÛÏWe shall proceed with the utmost caution. ÛÏOne of the main propaganda points used by the Kremlin is the claimed instability of the capitalistic system. Thus we must strive to minimize violent fluctuations in our economy.Û</br></br>He said the only stock he personally owned is in a Coca-Cola bottling works in Bcrryville, Ark., which isn't listed on the ÛÏbig board.Û