Mohave County miner., 1917-01-27
Confronted With Threat By
 House Leak Investigators to Force Production of Records, N. Y. Stock EX- change Governors Advise Members to Furnish Data
WALL STREET NOT
 AT ALL PLEASED
House Rules Committee De- sires Statements Showing on What Stocks CustO- mers Were Long and Short Each Day Between December 10 and g

NEW YORK, Jan. 23.-Confronted with a threat by the house rules com mittee 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 every member of the exchange to make available for the committee the desired data. The records sought cover the period from December'1O to December 23, during which time, it is alleged, persons in possession of ad- vance information on the presidents peace note made huge profits in the stock market.
 The action of the board followed mo- tice given the rules committee dur ing it's session today that action on the committees request for the pro- duction of the brokers accounts, in- cluding the "real names" of customers who dealt in the market during the period mentioned and the extent of their operations on either side of the account, had been postponed.
 Surprised and indignant at the ac- tion of the board the committee ad- vised H. G. S. Noble, president of the exchange, when he accompanied by counsel, brought news of the postpone ment, that it would not modify it's re- quest in any manner. If 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 it's power, and forced each broker individually to produce them.
 Noble explained the reasons for the postponement that the productions of accounts would prove a great hard ship to many brokers "who are not mixed up in this matter" and that the board was in doubt as to it's power to compel the members of the exchange to produce their records. Noble's coun- sel, Samuel L. Taylor, also explained that the brokers were greatly averse to submitting their records to the committee through fear that many "ln- nocent" purchasers names would be made public. Relations between broker and client were regarded in Wall street, he said, quite as confidential as those of lawyer and client.
 It was explained that it was not the committees desire to make public the names of anyone whose liens would not tend to throw light on the "leak rumors.
 An offer to receive the names ID 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 accepted.
 The resolutions asked specifically
 that the members furnish the chair
 man of the clearing house committed
 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 req names of the customers, the stock F they dealt in, and the number of shareI , each. What clearing house stock ? were borrowed, when, and from whom [ borrowed, and then returned also ar
 to be included.
 Members further are requested i
 resolution to advise the secretar ! of the exchange if they received an, O cable or wireless communications iron abroad with reference to the presi s dents peace note before it was mad b public. The request was in keepin j. with a motion adopted by the rule
 committee today. The committee, ad 2 vised by telephone of action taken b
 the board of governors at their secon
 meeting, expressed satisfaction.
 Notwithstanding the action of tn 9 board, doubt still exists in some qual ters as to whether the members wi . furnish the desired information . Whether the board would have powt - to punish members who failed to con
 ply is a moot question. When tn