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Show N. Y. Stock Exchange Denies Comer in Stock NEW YORK. April 16. The New' York stock exchange. In an exhaustive review of the circumstances leading to its suspension in the Stutz motor stock, tonight Issued a statement denying de-nying that such action "was dictated by a desire to benefit the short interests," inter-ests," or that it had been "influenced by the personal interests of its members." mem-bers." The committee knew there was a "corner" in tho stock which the public pub-lic did not know, tho statement said, and "knowing that there was no longer a free and open market, it was bound to suspend dealings In It for the protection pro-tection of the public." When Allan A. Ryan, chairman of the board of directors of the Stutz mo-tor mo-tor car company, went before the business bus-iness conduct committee of the exchange, ex-change, he declared Stutz motor stock was cornered, tho statement said, and gave corroborative details "which, if true, indicated he owned eightv thousand thous-and shares of Stutz stock and that he and his family, friouds and immediate associates owned, or had contract for, tho delivery to them of ptock aggregating aggre-gating 110,000 shares; or 10,000 shares more than the total capital stock of the company." Ho was then informed ,lt adds, that "the situation must not I continue; that he alone was in a position" po-sition" to put an end to the corner and must take whatever steps wero ncces-I ncces-I sary to do1 so." |