The sun. [volume] (New York [N.Y.]) 1916-1920, 1917-01-25
Demand for Data Modified
to Save Trouble and
Expedite Work.
SYMBOLS TO SHOW
CLIENTS ACCOUNTS
Names Not to Be Disclosed
Except Those House Res
OlutiOn Covers.

In searching for evidence of leak
on the Presidents note the House Rules
Committee modified yesterday its previ-
Gus demand on the members Of the New
York Stock Exchange for data concern
ing stock transactions.
While to some the changing Of the
form Of the call for facts concerning
stock dealings at the time the prospect
Of peace caused a break on the ex-
change seemed like a backdown on the
part Of the committee, Chairman Robert
J.. Henry insisted that the new plan
provided means for more speedily get
ting the information desired.
At the request Of the Rules Committee
The governors of the Stock Exchange
adopted yesterday afternoon q new set
OF resolutions in which they told the
members to defer action on the original
request sent them on Tuesday and in
which they asked the members to fur
nish the following data:
a complete trial balance in detail on,
the ledsers of the brokers Of their gem
erai ana customers accounts at the close
OF business on December last, specify
ing under each account long and short
stocks and including only accounts of
100 shares or multiples thereof.
a copy OF the purchase and sales
BOOKS from December 10 to 20 ipclu.
siSe' and statement of the transfers of
securities from one house to another
where no sale has been made. exclud.
inS loans Of stocks.
symbols to Each Account.
The new request calls upon the
brokers' to submit the above data bv as
signing symbols to each account, the
smaii lot traders being excluded from
ths inquiry. The key TO these symbols
-, oe turnished in another envelope
"nicn is to be filed with the chairman
OF the clearing house COMMITTEES NJ ,I,n
-xehange That envelope is to be open,d
! investigation of the accounts suy
9oo.o ciue to some one dealing in
s'ocks upon advance information
n aho'her envelope is to be nut tho
smes OF all customers having accounts
on the books OF the brokers at tho clos.
y. business on December 2, or any dav
ta. o. up 10 and including Decem-
oer 20. The promise is made nv ,ha
board of governors and the Con,,ass sSs
committee that the name of no individnaI
o'her than the person or persons defined
the congressional resolution will be
made public. VIII DC
inc congress committee, having made
engagements with the board OF GOV
erhors to send these requests to the
hrrnoers or the exchange suspended
,,,e satihes until next week Sherman I,
"h'pple' counsel to the committee, said
,, .s 10 meetings probably would be held
uhtil tuesday unless there were signs
,nat the brokers would refuse to comply
NY, I'm the call for data. Both Chairman
nenry and Mr.. Whipple said emphati-
ally that they would compel the brokers
10 furnish the facts specified under
penalty OF contempt
Members of the committee believe that
oy eliminating the small traders and by
ASKING the brokers to furnish the trial
naiances on December and then copies
II the purchases and sales for the period
under scrutiny they have reduced the
amount OF work that would be required
of the brokers' Office forces
Early Returns Expected.
The committeeman were moved 10
modify their original demand by the
testimony given before the hearing yes
'erday morning of Samuel +. STREET,
chairman of the exchange clearing
mouse committee. that 1t would require
small houses two weeks and large firms
month to compile the statistics desired
oy the committee. The Representatives
believe that they will get the new line of
information within a few days.
Among the brokers the optimism of
The Congressman, however. was not
shared. There were many reasons Of
tered to indicate that the new demand
OF the Investigators will not hasten the
time at which the desired facts will be
forthcoming. First of all Is the point
suggested by careful reading Of the
new request. namely. that no time is
set for an answer from the brokers
whether they will comply with the re-
quest-the governors insist they have no
authority to make them comply.
Though the Congressman hurried to
washington Counsel Whipple remained
IN the city TO keep in communication
with the officials Of the Stock Exchange
and ascertain to-day and Tomorrow
whether any answers to the request are
Being received. Mr.. Whipple Is deter
mined that there shall be no delay.
The hearing OF the committee yester-
DAY was brief. being confined to
Two hour session in the mornng. 1t
was brought to quick end by the
testimony OF Mr.. Strcl; that long time
would he needed to gather the facts de-
sired from the brokers. secret ses-
SION was then held to try to remedy that
situation,
Noble Continues to Testify.
when the Rules Committee rcconvened
" " 'ne morning President Noble OF the
New York stock Exchange was recalled
the witness chair. The first purpose
VI Mr. Whipple was to have him submit
,or the committees records copies OF the
requests sent out by the Stock Exchange
governors to the brokers on the preyiouY
evening to furnish statements OF the
sceounts Of their customers at the close
VI each day from December 10 to De-
seHner 20. inclusive, and to state
whether they had received advance in
tnornation from abroad concerning the
residents note to the belljgerents. !
'opies OF the resolutions were furnished. /
Mr' Whipple and the Representatives
seemed anxious to know when the mem
ooers OF the exchange would he able TO
lnurnish tho Information desired. I'resl- |
n' Noble said that the governors of
Conttnusd oa Gioth P00e