New-York tribune., 1910-05-01

OF the western Union that that company
accepted no customers for quotations
until they had been approved by the
Stock Exchange management. Just as il
required the consent OF the New York
Cotton Exchange or the Chicago Board
Of Trade before making a contract with
ans individual or firm for cotton or grain
quota tons
The Stock Exchange authorities
showed resentment at the assertion that
the Western Union furnished stock que
tationg only on the approval Of the Stock
Exchange itself, and at the office Of the
Western Union it was said that that
company was responsible for only Mr.
Brooks's formal statement.
In the absence OF President Charles
II. Badeau, who is in Washington, an
official OF the Consolidated Stock Ex-
change said last night:
"It is true that the Consolidated for a
long time has had two tickers giving
Stock Exchange quotations, one of which
supplied the blackboard in our board
room, The object OF having Two vas
to be able 20 check the figures OF one
against those OF the other. and 1t was
also an advantage in case the service
from either one might from any cause
fail
''It is an outrage, however, to connect
the Consolidated Stock Exchange with
the bucket shops In the matter Of the
quotation service. The Consolidated was
the instigator Of the campaign against
bucket shops, and for years has been
spending money on the fight, which for
the last two years has been especially
strenuous, Through its counsel, Sullivan
& Cromwell, the exchange showed the
government agents, who at first were ar
sea in the matter. how to get their evil
dence against bucket shop men into tan
gible shape The Consolidated has
waged war upon the Haight & Freese
Company and many other bucket shop
concerns
The governing committee oS the New
York Stock Exchange or May 10, 1909,
made more stringent and conpreh ensive
the long standing prohibition OF inter
course with the Consolidated Stock Tx
change by adopting the following reso-
luton
'Resolved, That any connection, direct
CT indirect, by means of public or pri-
vate telephone, telegraph wire or any
electrical or other cuntriVance or device
or pneumatic tube or other apparatus or
device whatsoever, or any cornnlunica-
tion by means Of messengers or clerks,
or in any other manner, directly or in
directly, between the New York Stock
Exchange Building. or any part thereof.
or any office Of any member Of said New
York Stock Exchange and any building
any part thereof, or any room, place,
hallway or space occupied or controlled
by said Consolidated Stock Exchange.
o. any Office OF any member OF said Con
soiidated Stock Exchange. who is en-
"a ged IN business upon said Consol-
dated Stock Exchange, or any transmits
sion, direct or indirect, OF information
from said New York Stock Exchange
Building. or from the office OF any mem
Der Of said New York Stock Exchange. 10
the said Consolidated Stock Exchange.
or 10 the Office OF any member OF said
Consolidated stock Exchange who is en-
gagged in business upon said Consoll-
dated Stock Exchange, through any
means. apparatus. device or contrivance
az above mentioned. is detrimental 10
the interest and welfare or this eX-
cnange and is hereby prohib!ted~