Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1917-01-24
New York Stock Exchange
Board Is Brought to Time
After It Decides Not to Give
Information Required.
TWO WITNESSES ARE
QUESTIONED ON LEAK
Admit Methods of Spectators
Are Calculated to Bull or
Bear Market on Official
information.

10y MORNING. JOURNAL SPECIAL tuhsEp WIREl
New York, Jan. 23.-Confronted by
a threat of the house rules committer
in charge of the leak, inquiry, to
force the production of brokers' rec
ords If not produced voluntarily, the
board of governors of the New York
stock exchange tonight requested ev-
cry member of the exchange to make
available for the committee the de-
sired data. The records sought cover
the period from December 10 to De
cember %, during which time, it is al
legged, persons in possession of id
vance information on the president S
peace note made huge profits in tho
stock market.
The action of the board followed
notice given to the rules committee
during its session today that action
on the committees request for the
production of the brokers' accounts,
including the real names" of custom
ers who dealt in the market during
the period mentioned and the extent
of their operations on either side OF
wv teNNSu'tt litiu bSti poSlppiitNs
Brings Exchange to Time.
Surprised and indignant at the ac-
ton of the board, the committee ad-
vised II. G. s. Noble, president of the
sci, brought news of the postpone
ment, that it would not modify its re-
quest in any manner. IL the board
had any suggestions OF modification,
Noble was told, the committee would
receive them, but if it failed to obtain
the production of the desired accounts,
the committee would exercise its
power and force each broker individ-
ually to produce them.
Noble explained the reasons for the
postponement were that the produc-
ton of accounts would prove a great
hardship to many brokers who are
not mixed up in this Natter and
that the board was in doubt as to it's
power to compel the members of the
exchange to produce their records
Mobiles counsel, Samuel l.. Taylor
also explained that the brokers were
greatly averse to submitting their rec
ords to the committee through fear
that many innocent" purchasers
names would be made public. Rela-
tions between broker and client were
regarded in Wall street, he said quite
as confidential as those of lawyer and
client.
To Protect innocent Purchasers.
1t was explained that it was not the
committees desire to make public the
names of anyone whose transactions
would not tend to throw light on the
leak" rumors.
An offer to receive, the names in
sealed envelopes apparently appealed
to the board of governors, for in a set
of resolutions adopted at their hur-
riedly called second meeting, the sug-
gestion virtually was Incorporated.
The resolutions asked especially
that the members furnish the chair
man of the clearing house committee
with statements showing on what
stocks customers were long and short
at the end of each day between De-
cember 10 and December 23, the real
names of the customers, the stocks
they dealt in, and the number OF
shares each. What clearing house
stocks were borrowed, and when re-
turned, also are to be included.
Members are further requested IN