New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-05-06
JUST USED A TICKER
So Says Marin of His Quotation
Sales to Little Board
DENIES SERVICE WAS FAST"
Explains Why the Consolidated
Wanted News of Transactions
That He Furnished.

The source from which the Marin
wire service obtained the Stock EX-
change quotations which for years until
II was put out of business last Saturday
IN the raid conducted by the federal
authorities. il sold TO the Consolidated
stock Exchange. and. according To the
government officials. 10 bucket shops as
well. was revealed yesterday by Thomas
Marin He said that there was no mYs-
terry about il. that the quotations he
sent out were derived from the Gold and
Stock Telegraph Company's ticker which
no mad i'm his office. at Nc as Mont
gomery street. Jersey City.
Anybody outside of New York, he
-dded, ''can get the Gold and Stock
Telegraph Company's service without
much trouble. and all this talk that has
been going on regarding the mysterious
source of my service is ridiculous. IT
vas even limited that the wires of the
Stock Exchange had been tapped to get
the quotations ] furnished Such
thing is an impossibility.
"AH the wires down here are under
ground and are incased in heavy
-ahle. and could not be reached; and
a,en had il been possible. tapping the
Stock Exchange wires was not at all
necessary for my business. AS / have
said. I had no difficulty in getting quota
lions from the Gold and Stock Tele-
,raph Company. and ] did not need TO
ook elsewhere"
Mr.. Marin was asked to whom he
furnished quotations outside Of the Con-
solidated Stock Exchange. and replied
hat he supplied them to anybody that
ganted them" adding: That was my
business. selling quotations. There was
10 mystery about il.
He said that his was not a fast ser
,ice. thus corroborating the. statement
made by President Badeau of the Con-
solidated Exchange last Sunday, that 1T
Mas not as fast as the ticker service on
he floor"
The reason his service was slower than
he ticker service. Mr.. Marin explained,
Uas because he had TO take his quota
lions off the Gold and Stock ticker in
MS office in Jersey City and then relay
7 back here, while the Gold and Stock
rlrkPTS on the IetT thl llit NIUE A''eAA -
# course. received their quotations
simultaneously with the one in his office.
He managed TO save some time how
ever. he added. "by picking off only
what was wanted''-that was to say, he
eft out lets and sent through prices
only.
Asked why the Consolidated Exchange
cantef his service when it had the
raster direct service OF the Gold and
stock Telegraph Company, he said:
They used my figures as the basis for
radins. Under the injunction obtained
years ago they could not use the Gold
and Stock ticker quotations for this
purpose. but they could use mine, and
that is why they took the service
Mr.. Marin. who has been member
# the Consolidated Stock Exchange
since March. 1850 was summoned To APP
aear Yesterday before the ways and
means committee of the exchange to eX-
,lain the service he has been furnishing
ia the little board for upward OF
twenty wears The exchange author
ties would not say whether or not his
-Nplanation had been satisfactory or
make any statement in regard To the
Marin wire"