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Show Stock Exchange Is Beard From Arguments Against Government Regulations Reg-ulations of Speculative Operations Made Before Senate Washington, D. C.'Fob. 7. New ' t York stock exchango officials and bankers, appearing before tho senate committee on banking and curreno, estcrdny resumed their arguments against tho Owen1 bill proposing government gov-ernment regulation of stock exchau ces. This was the third successlvo day allotted by tho commiteo for a hearing on tho meiisuro nnd both ad vocatcs of and thoso opposed to the enactments of tho bill said thoy would require considerably additional tlmo to present their arguisonts . J. n. Mabon, president of the ox-chnnge ox-chnnge invites 'tho committeo to Now York to seo the operations. Henrj G. Noblo, a member of tho exchango defended speculative transactions on the dny's fluctuations In any security. secur-ity. Short soiling ho snld, created n positive market for stock. Prohibitions Prohibi-tions of tho pending bill as to lending lend-ing of securities by brokers with whom they are pledged by customers would restrict the freo market for the small Investors he said. |