New-York tribune., 1919-07-10
May Take Curb
Market into the
Stock Exchange
Board Appoints Committee
to Consider Plan for
Housing Outside Market
Under Its Own Roof

New York Stock Exchange authori
ties have taken under consideration
the advisability and feasibility of hous
ing The New York curb market under
its own roof, making the present out
oc-doors market a department of the
cXs hange and subject to it's rules and
regulations.
This development, announced yester
day after meeting of the governing
committee of the Stock Exchange, is
beilcved to be the most important step
tn.t has yet been taken toward "clean-
ing up" the curb and eradicating many
of the abuses Of trading on the out
size market
Cooperate With Curb Officials
Acting on the authority granted by
the governors of the exchange, a COM
mlttec of seven members Of the govern
iEg board is to be appointed by Sey-
mour l.. Cromwell, acting president of
the Stock Exchange. This committee
VII take up the problem from all
angles, with a view to making COM
r:ehensive report of it's findings, with
recommendations to the governing
beard at a later date. The committee
VIII, 1T is stated. in the course of it's
investigation work in co0pe ration with
the officials of the Curb Association,
who, it is believed, will be friendly
to any move to house the curb in the
exchange building that may be found
practicable.
Members Of the governing committee
OF the Stock Exchange, in announcing
their decision yesterday, said they
recognized the difficulties of the prob
lens involved, and expressed doubt
as to whether the scheme could be
We kcd out satisfactorily.
It was stated that there were MANY
questions involved, such as the matter
Ct reports on the financial standings
,ot corporations whose securities would
be allowed to be traded in on the curb
within the exchange. Another ques-
tl'n, it was stated, that would arise
INN edlately would be with regard to
what members of the Curb Association
would be admitted to the indoors mar
ket.
Would Require Separate Ticker
In the event that it should be found
feasible for the curb to be taken into
the exchange as a separate department
1T is considered likely that a separate
ticker system would be operated to
record the individual transactions in
III the exchange building that could be
utilized as the trading floor for the
cub, should it be decided to take the
msrket indoors, as the present room
u:ed by the governing committee could
be sufficiently enlarged to accommodate
this market.
With the plan for taking in the curb
ndrket under consideration, the Stock
exchange authorities have abandoned
thflr plan, announced a week ago, to
undertake to issue daily list of curb
quotations as furnished by Stock Ex-
change houses transacting business in
the outside market. 1t had been pro-
losed to issue such list in order to
10 away as far as possible with the
Irregularities that exist in the curb
quotations. as issued at present. On
investigating this plan. the exchange
authorities found th>s the. issuance Of
such a list, while helpful would not
go very Tar toward eliminating the
ABUSES on the curb
Recommended by Hughes Committee
In undertaking to work out plan
for taking in the curb market as a de-
rartment of the big board the Stock
Exchange is doing what the Commit
tee on Speculation in Securities and
commodities appointed in 1909 by