Show E TRYING TO MAKE I MARKET LIVELY I Matched Orders Operated in inWall inWall inWall Wall Street to Catch the Unwary AGAINST EXCHANGE RULES THREAT THAT SEVERE DISCIPLINE DISCIPLINE DISCIPLINE PLINE MAY BE APPLIED New York Aug 21 A special commit committee tee of ot five members of ot the stock exchange will conduct an Investigation of the tho trans transaction transaction action which took place on the floor of tho exchange Saturday when more than thana i a million shares skates were wore bought and sold In enormous cn blocks and d In tn such a manner r to arouse suspicion that the sales were so matched as to create c Bate cate a fictitious im impression Impression of activity The governing com committee committee of ot the exchange took to k up the mat matt I t r after atter trading had closed today and In Ina Ina a IL brief session authorized the president of or tho the exchange R It B Thomas to ap appoint appoint appoint point the investigating committee Proof by Comparison George Georgo II If Ely secretary of at the ex exchange exchange exchange change said It was the Intention of the governors to have a IL thorough investigation tion at once The members of at the Investigating Investigating investigating committee probably will be an announced announced flounced tomorrow The great volume of ot trading during the two hours session of ot the tho stock market on Saturday Is shown by comparison with that of at today The Then number n of shares sold Saturday as 1099 1019 1 while In the five hours of or trading today shares were traded In InThe inThe The rhe belief bellet that Saturdays sales w were pre re manipulative had its origin In the fact tact that shares were bought and sold In tre tremendous tremendoUs blocks without greatly affecting the market prices but the real purpose underlying the sales has not been ascer as cor t if It It be as suspected by bythe bythe bythe the brokers Some of or the more conser conservative conservative members refused to accept the or orders orders ders when they became convinced that the sales were matched an order to sell lIell a IL block of given stock being followed Call owed by lly an order to buy bu given through a dif dlf different ferent broker broket Small Broker Some Som of at the smaller brokers who trade on the floor for the other members of ot the exchange e accepting a reduced com eom commission commission mission of 2 for tor every ever shares bought boughtor or sold solO were reported today to have bave given the names ot of three or four Cour firms as a hav having havIng having ing done practically pr all rill of oC Saturdays enormous business Through them the thel committee l may ma be able to trace the tho source of ot the alleged simultaneous order to sell and buy bu A single firm finn was reported to have handled transactions amounting to shares harN so great a business that its sheet did dill not reach the exchange clear clearing ing In nn house until Sunday morning The Tho main question before be fort the investigating Investigating gating committee will be the Identity of at atthe the prime mover In Saturdays extraordinary market markL If It Is found that the orders were matched severe discipline may be applied as It t is a violation of or orthe the rules of the exchange e |