Show sars s standard Trea treasury sary stock Is not rot being sold relative to the rumor that the standard company has been selling treasury stock lor for the pur lose of increasing its working capi tal W I 1 snyder one of 0 the diorec toi tois s says As one of the directors of the company I 1 wish to deny emphatic ally the rumor being circulated to the elect that the company is selling any of its treasury stock at the last meeting of the board and before the present activity in the stock began a resolution was passed to the et ef feet that no treasury stock should be sold there is in the treasury shares some time ago the company increased its i to 1 shares it was capital iced for 1 shares before the increase was voted upon ii I or the purchase ot additional ground the company used shares of the and th the remainder was placed in the treasury the shares in the treasury trea sary will never be issued I 1 |