Salt Lake Tribune | 1913-12-09 | Page 2 | Amends Its Rules to Stop Crooked Work

AMENDS ITS RULES TO STOP CROOKED WORK Now York Stock Exchango Takes Action Ac-tion as the Result of Recent Re-cent Complaints. NEW YOEK, Dec. 8. Tho listing committee of the New York stock ox-change ox-change voted today to amend the listing list-ing requirements to provide that each corporation tho stock of which ia listed on the oxchango must "publish promptly prompt-ly to bond and shareholders tho declaration dec-laration of any dividends on shares, interest in-terest or income bonds, and allotments of rights for subscriptions to securities, with notice thereof to tho stock exchango; ex-chango; and to give notice in advance of the closing of tho transfer books or the taking of a record of stockholders for any purpose." The action was taken as tho result of complaints mado about a month ago when tho directors of a company delayed de-layed for moro than a month tho announcement an-nouncement of a dividend on preferred stock. Tho liquidation of stockholders who believed no dividend had been declared de-clared caused a drop of 16 points in tho stock. Immediately after the announcement announce-ment a sharp advance resulted.