New-York tribune., 1909-05-21
tiH<AT CONSOLIDATED
cboek Earhahge Resolutions Also
Strike Bloc at Curb Market.

ming committee Of the New York Stock
&c has adopted resolutions WHICH prohlbit
--7crion of business between members OF
1Ae -. york., stp k Exchange and active mem
iAe .l-.co1 sbja;ed: Stock Exchange. empha-
pe'7 I[+erd the existing rule against relations
E1s s.c.ar sl,rs and foreshadow the possible
'sssg%ssS5I of the privilege granted to Stock EX-
49, members Of having dealings in the curb
market = =. " zz,,.,-. ,,,,+
-o- made pl-5ic until yesterday morning. An
~ s,ecial meeting Of the governing committee
y ts,5- Yesterday afternoon, and disciplinary
- AGAINST son e member Of the exchange is eX-
- soon u be announced.
S-fs- -~esolution affecting the Consolidated Stock
-,a,ge is understood TO be an immediate out
- ~ 7the disclosures in the Ennis & Stoppani
- that firm, = large Consolidated Exchange
-. l-s wing been found to have had close rela-
stg5Tf'l two or three Stock Exchange firms.
- s5nce January. 1855 connection with or COM
.s,yscsts6u between the Stock Exchange building
- ,bs consolidated Exchange building by wire.
ee.eneer or other means has been prohibited by
s5sck. Exchange authorities but members Of the
- ,--rxr71ange have been allowed to have wire
Sss-f5on between their Offices and the offices Of
.-nhers q the other exchange, subject 10 -ap-
ro,-z1 bv ihe committee of arrangements, ana
e. baen perr1iitted to do business for all parties
=. members ot the exchange which classihca-
-, includes members Of the Consolidated EX-
.s.rqs .5n-yavnle1r by the, non-unember customers
! -bs regular commission OF one-eghth of per
- charged all customers not members Of the
Sock F,xclls snge.-
srbe new rule reafirnls the prohibition OF com
,,1-nicstion Between the Stock Exchange and Con-
sslisates stock Exchange buildings. and also for
hrs co-7muricaton. of any sort between the Office
4 stock Exchange member and member of the
cs7soidared who is engaged in business on the
Isttsr exchange. Il goes even further, providing
.ksr any member who transaCts business. directly
a-s-, for pT19fpT nf
sSl5sted engaged in business on that exchange
sasu l,pon- conviction thereof he deemed TO have
c5nmitted an act detrimental TO the inter
ss and welfare Of The Stock Exchange. an offence
rsalshaIa-Iy suspension expulsion
E--6e new rule. IL Will he noticed. forbids Stock
.F,ychsgse members TO execute commissions for
u Tarsof5ate Exchange members engaged in bust
ness Iron said Consolidated Stock Exchange" and
therefore does not apply to inactive members,
among whom are such men Anthony \. Brady,
John . Archbold and ex-senator William A Clark.
f0r is the prohibition Of communication 10 the Of
eses Of Consolidated members extended TO the case
C men Of that class
The rlale against hucketshops Is little dinerent
from thar which has been in force since March,
.S.sxoeFt t-ar-it Is nowsmade unlawful TO trans
az business directly indirectly with or Tor
sny organization firm individual engaged in the
business Of dealing in differences or quotations
tcomraonly called bucketshopl.' while hitherto
only association with such concern or communica-
ton with il had been forbidden.
The governing committee at its meeting on
"Wednesday also referred back to the special com
rtee for report on or before October 10 the ques-
1ion whether or not the members Of the exchange
snsn -he- rr6hihited after certain date say De
osm5er g., lsy2, from dealing in the curb mar
ket Il Is generally believed in the Street that no
ssc4l rrehiibrion VIII be enforced. many Stock
Exchange Houses have their Individual REPRESENTA-
afIEes IN the curb crowd, and as curb securl-
Ties are dealt in on the New York Stock Exchange