The sun., 1919-07-10
MAY HOUSE CURB T:
IN STOCK EXCHANGE
Governors Discuss Giving 9Th
Floor Over to Use Of the
- Outside Market.
COMMITTEE rs APPOINTED
Project Practically Means the
' Revival of Exchanges Old
Unlisted Department.

Another new plan has been worked. to
New York Curb Market. Under the
--latest idea To- be developed. the Curb
market may, find itself doing business
under the same roof as the New York
Stock Exchange members. as the Cover
inors of the Exchange at their regular
Asemi-monthly meeting yesterday after
, noon took up the question Of placing the
Curb in the Stock Exchange Building.
IL this plan be finally carried out 1t
will mark the elimination of a long
campaign on the part OF the Stock Ex-
change to exercise regulatory powers
over the outside market and Will be, IN
substance, n return of the old unlisted
department of the Stock Exchange on
larger scale.
After discussing the matter thor
oughly at their meeting yesterday the
governors decided TO appoint a commit
tee TO look into the matter more closely.
The committee was named. but the
members who comprise it were not made
public. They were charged with the
Job Of looking into the feasibility Oh
housing the New York Curb Market
Association In the building owned ano
occupied. by the New York Stock E1-
8 change in accordance with the recon-
mendations of the Hughes commission
which Investigated securities markets III
New York some ten years ago.
Under the tentative plan, details OIL
which remain to be worked out the gov.
: ernors Of thes- Stock Exchange would
give up their room on the sixth nooi
OF the present exchange building TO the
Curb market TO 1t would be- added the
sixth floor ofrthe new building, when
the Stock Exchange Will construct OF
the east corner of Wall and New streets
isis soon as the stFuct ure there shall have
is6een RACED, This would give, 1t Is be-
-lieved, ample space for the operations
of the Curb market, and would place II
where 1t was constantly under the super
vision of the bigger exchange.
Pending the findings of this new COM
nittee. appointed YES terday the. commit
tee which was appointed previously to
loolss into ways. and means, for ,regula-
ton of the Curb market will abandon its
work If the plan be adopted the Curb
Association will have separate ex'
. change in the Stock Exchange building
which. will correspond to some extent tc
the unlisted market conducted by the
exchange prior to 1911 and abandoned
Tickers would be Installed and ofhcia
quotations made ,-,r.-.
II. X. MfSIOT1ndCK, hCndlrIldH Oh lii'
New York Curb Market Association. re
fused yesterday TO comment at any
length on the latest action of the Stool
Exchange governors. He. said that j
might be possible that the plan woult
be acceptable to tho Curb Mayket Asso
citation. but that the Organization would
take no action until, after thorough
Investigation ."
This represents the second step takeI
by the governors of the exchange within
the last fortnight in their efforts to regu
fste the Curb market. The other an
pouncemelt, ma de q couple of weeks ago
was that all members or the View fori
Stock Exchange who transacted any
business in Curb securities, must repor
such dealings to the exchange, wher'
they. would be tabulated and filed. ant
could be used for fixing some sort o
an official quotation list
What effect this latest move Will haN
on the New York Curb Market Realt!
Associates, Inc. could not be Learned
Yesterday This Organization wa
formed a short time ago with capital
xation of $3.50, 900 10 acquire site ant
construct a building to be used by tn
Curb association. II the new plan o
the Stock Exchange goes through 1t !
not unlikely that that organization vii
be dissolved and all subscriptions to ~
stock returned.