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Salt Lake Telegram | 1932-04-14 | Page 17 | Shorts Trade on after 300 Yr. Fight

Type issue
Date 1932-04-14
Paper Salt Lake Telegram
Language eng
City Salt Lake City
County Salt Lake
Rights No Copyright - United States (NoC-US)
Publisher Digitized by J. Willard Marriott Library, University of Utah
ARK ark:/87278/s6n59v9x
Reference URL https://newspapers.lib.utah.edu/ark:/87278/s6n59v9x

Page Metadata

Article Title Shorts Trade on after 300 Yr. Fight
Type article
Date 1932-04-14
Paper Salt Lake Telegram
Language eng
City Salt Lake City
County Salt Lake
Page 17
OCR Text SHORTS TRADE ON AFTER YR FIGHT By Br FRANK FRA K II I. I McCONNELL Associated Press Financial Writer Wrier NEW YORK April Apri 14 The 14 The fIght over short selling now much in i th the news has ha raged for more than tha three thre centuries Financial historians have dug up a record on short selling extending back bac to 1610 when the Dutch East India Indi company complained that bear raiders raiders raiders raid raid- ers were clawing cawIng the value out o otheir of their company's securities A Dutch law was passed forbidding anyone t to sell sel securities or ownership certificates cates cales unless uless they actually owne owned them Later Lter it was revoked revoke In 1720 the South Sea bubble burst burs burt which led after an orgy of wild wid speculation spec spec- in London over get et nc rich quick investments investment in i South Sout Sea enterprises enterprises en en- to a temporary ban on short shor selling in the London exchange In 1812 the New York market camin came cam i in for its it first treatment by lion lon jon designed to abolish short selling but put the te le legislation was eventually found ineffective In 1896 1806 Germany abolished a all al speculation on the Berlin Berl berse short selling included In 1908 the Hughes investigation o of stock exchange e activities W was launched here but resulted in i no important im important im- im changes The Te present senate hearing is th the first American legislative inquiry dl dl- dl reeled principally into ito the subject o obear of bear speculation I The record further furher shows that in inthe inthe i the 1610 1720 1812 and 1896 episodes episode short selling was wa placed under ban banut but ut in each case this thi ban was later late lifted The Te 1908 investigation in in New NewYork NewYork NewYork York state resulted In a clean cean bill bi o of health for short selling
Reference URL https://newspapers.lib.utah.edu/ark:/87278/s6n59v9x/15834115