The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-01-26
wall street Gossip.

.,e New York Stock Exchange was
suspended for the ostensible reason
that he had accepted speculative
account from a clerk of another STOCK
Frchange house. 1t never has been
Suliv demonstrated that this was the
reason for the suspension of the frn.
for the governors OF the exchange may
euspend or expei anybody for any
th;no whatever They suspended lsa-
dor wormser for indelicate language.
and there is a provision In the constl-
tuition and rules making that an onense.
but apart from that there rs a genera
Welfare clause under which the govern
ing committee may suspend anybody
only within the last week. FOR instance
q nncn,ber of the exchange has been
told that he must sell his seat and go
avay. and no broker and no customer
ever complained against him in rela-
t,on 20 business transactions But
this broker appeared in the public
nrinte. and his demeanor therein was
not appealing Thus it Is obvious that
tbe governing committee OF the New
york Stock Exchange has authority.
SO far as it's laws go. over any men,
Der whatever. whether ne takes or
docs not take. or knows or does not
know. that ne is the recipient OF stolen
goods. The governing COMMITTEES
OF the New York Stock Exchange will
make a promulgation TO that effect
the latter part of next week.
The specuIators in woolworth stock
Rad nothing to say. although they
had expected that the adjournment
OF the Pujo committee would leave
nromoters immune. Samuel Inter
myer, they had been told. was one of
the persons who capitalized the good
will of that company and they hoped
that when the PuJo committee took
a recess the good will would be as
valuable as that Of the United states
Steel Corporation. for instance But
the stock went below par and when
the examination of Wall Street is
resumed under a new counsel he Is
going to ask about Woolwortb- At
the same time the committee will try
to bring not only William Rockefeller
but Daniel Ousgenheim 70 the stand
to tell about copper deals and will
insist that Mr.. Untermeyer himself
be nut on the stand and examined
by Mr.. Choste- The ghost OF Russell
Sage looms up az the only objection
to such procedure
weIls-Fareo stock cold at fn, which
IL the lowest price in fifteen years. IL
was wclis-Fareo that William Nelson
Cromwell, defending the managers
against the complaints of stockholders.
aid that Mr. Hartman lived in higher
world. where stockholders must not
enter. Mr.. Hartman then controlled
Weils-Fargo. for he controlled the
Union Pacific. which controlled the
southern Pacific. and which held stock
control in Wclls-Fsrgo. Since Mr.. Hsr-
rirnan's death the Welie-Fsrgo stock
owned By Southern Pacific. and con-
s~ouensly under the control OF thu
Union Pacific people. has been disposed
Of.
Frank p. Hayns and william p.
Brown, the New Oriesne men. Who.
according 70 the allegations OF the adj
rnfnistrafion. were associated with
james A. Pettcn. IN the alleged cotton
corner Of two OF three years ago. we're
IN town to-day for the frst time In
many weeks. Neither one Of them
has been any more active IN the market
lafteriy than has Mr.. Pstfeo- ts far
as il known. they have done nothing
st an Neither Mr.. Brown nor Hsyne
cared 70 tan. but 70 vas obvious that