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Show oiinriEr LEAK KNOWLEDGE Describes Stock Market Transactions Trans-actions and Tells Why Me Sold Short. Washington, Jan. 9. Bernard Bar- ! uch of New York, denied before the I house rules committee today that he had any advance information regarding regard-ing President Wilson's recent pea ., not. Harurh said he first learned of the president's peace note on the morning' that it was Issued. At the time of! the market Hurry, he said, he had ' been buying United States Steel "The thing that affected the mar. ket." said Raruch. "was first, von; Bethmann-Hollweg's peace note from Germany. That was followed by Lloyd George's speech In parliament which, at the very outset, tended to strengthen the market on December' 19. The first cable bulletins said that Lloyd-George refused to consider' peace at all. iater as the full speech oame through. Lloyd-George went on to say 'but' and left the! door open to possible peace negotia Hons. That caused a decline on the' market. It yvas a notice to the world that there was no final bar to peace and whether it yvas coming at once or not, we had to turn our minds to I Its effect on the market. Bearing this I .-( iiddun oemre me, i sold the marker ! short on Tuesday before the speech and during the next day particularly .when Lloyd George uttered the word but." Sabln on Stand. , Charles H Sabin, president of the Guaranty Trust company of Now York, went on the stand at the opening of the afternoon session. He testified he was in no way connected with the stock exchange and said he did not know in what connection he yvas called. call-ed. "It has been said." Representative Chiperfield told him, 'ihat you called the financial writers of New York to, your bank and outlined to them that you felt if your duty to suggest to the countrv that there were to b. ne gotiations for peace and that you felt 1 they would affect the price of stocks ' If there was anything of that kind suggested please outline n 1 "I shall be glad to." said Mr Sabin "In October, I said to newspapermen that I had information that the German Ger-man government had instructed the president to approach the allies on i the subject of peace." "Did you make any statement in this connection to the effect that it j might have on stocks?" 1 talked to only one man on that He asked me what effect it would have I did not venture any opinion " . Evidently you w-ere in possession of some information not generally known " "I think I was." He added that the source of his information was in no 1 way connected with he United States government. "Would you object to stating for what purpose you made this state-I inent ?" "Purelj mj personal judgment that it should be knovwi," Sabin replied Atto Kahn Denies Leak. Otto Kahn of Kuhn Loeb & Com panv, New York, followed and read into the record a statement denving all connection with any "leak." He was excused. Allen Curtis of Boston followed .Mr. Kahn and denied authorship of the A. Curtis letter upon which Repre sentative Wood based his charges. He wrote hi6 name for the committee' to show it was not the signature on the letter |