Show STOCK MART Bill PASSED BY SENATORS a Vote Is 62 to 13 King and Thomas Cast Ballots Favoring Act MEASURE SENT TO HOUSE Opposition Weakens at Last Moment WASHINGTON May 11 UP- UP The s senate passed the so stock k market control bill today assuring that for forthe the first time in h story history the nations nation's securities exchanges will be subject to rigid regulation and control The vote was 62 to 13 Senators King and Thomas of oC Utah voted for forthe the bill The measure now goes to conference confer conter ence with the house which has passed a similar measure There important di differences a affecting the choice of an administrative body to supervise exchange exchange ex ex- change operations and es establishing abl shing the method of controlling margin speculation will be ironed out As passed the bill carried with it veral amendments to the securities act of 1933 that often critIcised crit crit- law The hoUse bill had no such amen amendments and the exact form of these a aLso o will be settled d in con con- Th The slight opposition tion which had prevailed pre against St the bill biU crumpled in the closing hours hours- of debate when Re publican Floor Leader Charles L. L McNary McNary Mc- Mc Nary Ore Oregon on announced he would support the bill and oppose any move action on n it Few outright attacks were vere made on the measure iri In debate Attention was directed chiefly nt at amendments amendment seeking to meet critIcism particularly particular particular- ly that leveled at requirements fore fore- ing lIsted corporations to make periodic pee pe- public disclosure of cial condItion and the status of their business affairs Inspired b by disclosures or of the senate sen sen- ate banking committee investigation which started as a hunt stock ex cx change bears and extended into a thorough probe of practices and mal mal- practices of Well street and the banking bank bank- ing world the issue of stock exchange regulation came to a climax at the present session of congress Against Jt It was directed what was described as one of oC the most powerful powerful power power- ful lobbies in the capital in r recent ent years Public feeling was apparently so insistent on passage however r. r that I th sc lObbying activities were scarcely scarce scarce- Ily ly reflected on the floors of congress congressI I |