Salt Lake Telegram | 1902-02-18 | Page 6 | Favor Law Against the Stock Brokers

FAVOR LAW AGAINST THE STOCK BROKERS Two gentlemen of ot influence t today day announced their In of ot drafting bills for presentation to the next Legislature for the fhe purpose of ot restricting restricting- the power of ot stock brokers to reduce the actual value of stocks by manipulation n or or more snore particularly by shorting The bill will provide for the doing away kway away with trading and will make a it criminal offense of or the brokers selling stocks which they themselves or their customers do n not tori ow i. The gentleman gen gen- who who proposes the measure sa says s that that the stock board boari has board has not t only destroyed destroyed destroyed de de- de- de public confidence In mining securities but by bearing the values of meritorious stocks has served to scare away the Investment of ot In un- un mines l ii j The other bill proposed has more to do with the mining Ilen a an anS should serve fo 0 o legitimatize the stock business ss Its author calls cans It the compulsory compulsory com corn report bill and It contemplates compelling every wh whose se stock Block Is listed on the board to maKe maxe periodically a full and fair fall rep t of ot the physical and financial condition of the mine v- v