Salt Lake Telegram | 1933-10-19 | Page 1 | Stock Pool Deals of Wiggin Bared

y STOCK POOL DEALS OF WIGGIN BARED Learn How Financier Cold Gold Bank Stock Dr Dy Associated Press WASHINGTON 0 Oct 1 19 A 19 A complicated com com- story of how Albert H. H Wiggin Wig Wig- gin In as chairman of the Chase National Nation Nation- al bank and the Chase Securities corporation cor cor- oration disposed of large blocks of stOck tock in the bank through a pool pooi in 1929 1920 29 was unfolded today before senate sen sen- ate le investigators The story told jointly by Ferdinand Pc Pecora ora committee counsel and Wiggin Wig Wig- gin In showed the securities corporation passed assed on on to the bankers banker's personal company the most f favorable prices for or the stock st and a share of the profits from rom the p pooL ol This was one of the series of pools in inthe inthe the he banks bank's stock disclosed at today's sc session ion Two previous pools in 1927 and 1928 managed by Chase officials netted profits aggregating more than that 00 and Involved transactions of more than nan I In the third pool the Chase Securities ties les corporation gave an option to the managers Dominick Is Dominick to sell ell shares at prices ranging from Cram rom to The banker objected to the use of the ic word pool in connection with the ic asserting erting they should but be called trading accounts agreed greed the chief difference was one of size p