New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-03-16
TREACHERY In POOL
MEMBERS SOLD OUT. "
Wcnf Short on Columbus and
Hooking STOCK.

Tae afh6aNiis filed rs some % .ie ono
hundred and sixty brokers who have heen
sahQo-naed an connection rith the hank
Fuptcy proceedings against J. "a Eiske a
60. before United States COlrmissiOner
Alexander. il Was learned yesterday. SAP
that several members 81 the Two pools ia
columbus and Hooking stock had been sell
iGE the stock short from about Dccember
l. loo9. up 20 tho time 81 tie collapse o.
fhe second pool. on January y.
The names Of the members who sold
cut on their associates could not be ob-
tsined yesterday. but il is said that there
are some prominent Stock Exchange houses
among them. Their identity VIII be- re-
vealod in she course OF the hearing. which
viii he resumed az . O'Clock to-day
Whether or not the members Of the pool
who sold short were acting Independently
on under the instructions OF the pool man
sger' James r. Keene. IL not known. The
lstter, n has been alleged. sold OUT on
the pool members hut so far no evidence
has been produced 20 establish that he did
%. Two 81 Mr.. keene's clerks. il was
brought out during his examination. sold
several hun 1red shares OF the stock CA the
day of the collapse. but this stock. accord
fng 10 the testimony ~ Mr. Keene. Was
owned by them individually, and they used
their own judgment IN disposing Of il one
AZ the clerks. Billy Roman. said when
asked why he had sold out his stock: 81
felt che stock was weak. and I thought IL
was time to ny the COOP"
Nr. keene, Il was said yesterday. had
recovered from his recent indsposition and
would take the stand again to-day. n is
understood that counsel for Receiver Ernst,
az tho bankrupt firm OF J. n. Fiske g. Con,
VIII question him closely in regard 10 the
short selling by members OF the pool.
The extent OF the short selling INDUCED
IN By certain members OF the pool could not
he learned. but there is said 10 be little
douht that IL was this selling that caused
the collapse Of the pool.
II became known yesterday that Post e.
Flagg, who were members OF pool No. T..
took their profits. amounting 10 approx
mstely Sls.5eo. on August 81. lss and ap-
psnently dropped out az thar time. as they
did nat figure IN the second pool, which
was formed on september I. Day. Adams
a Co. another OF the pool members. also
took their profits on August 81. amounting
in round figures 10 sl2,7eO. hut when pool
No. ? was formed they continued az MEM
hers Of that also.
Referring 20 this second pool IL was said
yesterday BY a man in position 10 know
what he was talking about that there was
nothing 20 show that the original pool had
ever been closed out
only about half a dozen Of the one hun
dred and sixty brokers subpornaed IN the
bankruptcy proceedings against J. Nj. Fiske
& 90. win have 10 appear before Commis-
Eloncr Alexander this afternoon, tho others
having taken advantage of the permission
accorded them 10 submit sworn statements
showing all the transactions in Hooking
stock that had gone through their hands
during the existence Of the two pools n
is said. however, that several 81 these
brokers. whose afidavits show that they
had sold tho stock short, will have 20 APP
pear later and testify a. 10 these transac-
llonS