The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1917-01-23
LEAK INQUIRY
To Ascertain
WHO PROf'IIED
Attorney Whippls Of Boston, lays
This May Give Light on Who
Obtained Tips
PRESIDENT OF NEW ,.a,
YORK EXCHANGE CALLED
Activities of Wall Street During
Week Of December Is
Probed ..... ]

New York, Jan. 23.-The leak in
vestigation was resumed by the house
rules committee at the customs house
here today, with H. G. s. Noble, proSt'
dent of the New York Stock Ex.
change, as the first witness. =,
Searchlights Of the house rules CON.
mittee in the leak" inquiry are to b.
turned Immediately on all the short"
deals which took place on the stock
exchange between December 10 and
December %. It was on such specula'
tion. If any, that profits were made on
advance information, regarding the
presidents recent peace note. it u
averred.
List Of Transactions. ~
That this feature Of the inquiry may
be expedited the committee at its drst
session today ordered H. G. s. Noble.
president of the stock exchange. to
request" the governing board OF the
exchange to ask the members to sup.
ply the committee forthwith q list Of
all transactions between December 10
and December %, designating all Gus
toners by their real names, and not
numbers and appellations. s-
The statements requested also ara
to show the number Of stocks borrow
ed, by whom. and to whom loaned, and
the date returned.
Short Pools.
Noble, the first witness, was ques.
toned particularly as to the operation
Of short" pools and the propriety of
spectators accentuating unfavorable
news by selling stocks in order to Do.
press the price, and COVER at .
profit. He said he saw no impropriety
In such operations. ,@@3 .s..,
Samuel r. STREET. chairman of thu
stock exchange clearing house. tho
second witness, explained its opera
tiol. -" z,
Mr.. Noble was called, .as explained
by Sherman l.. Whipple. counsel Tor
tho committee. to detail the workings
OF the. Stock Exchange and to. aid In
determining the possibility under its
rules OF engineering deals for large
profits" &,r'D@#
"Leak," Main Inquiry. u, !, o.
The investigation, according to
Whipple's outline, will seek to deter
mine, first Of all, three things: #5fy1l4
What were the activities on tho
exchange during the week Of Decen.
Der Is, when the leak" is said to hRvo
occurred, and the possibilities for
causing losses?
for the transactions during this per1'
cd?
Who made the profits?
The second inquiry, Whipple said,
should extend both to profits and loss.
es. W
Who Profited. -s.5.
AFTER that" he said, "the commit
tee may feel that 1t is In a position
where it may intelligently inquire
about those who profited and 1t seems
likely that those who prof1ted may
be those who obtained advance infor'
nation" -
Mr.. Noble first was asked to do
scribe for the benefit Of the commit
tee the organization of the Steel ex'
change, the personnel of its manage 4
ment, and its rules and regulations.
With the base of operations near
=.
the financial center of the country
Wall street.-The house rules commit
tee investigating the leak in diplomat
ic information got down to business
here again today.
In the face of the examination, It
was believed that there was a leak In
the presidents speech to the senate
yesterday. However, it was thought
that little time of the present session
would be devoted to this leak investi-
cation. Instead, the entire time here
will be taken up with the technicali-
ties of how Wall street gamblers
make their money. The committee IN.
ticipated by ascertaining what news
profited Wall street most, it would
find the source of the leak. Some
Washington witnesses may be called
(Continued on PAGE Three.)