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Show REFORM IN STOCK GAMBLING METHODS New York, March 30 Recent occurrences oc-currences on the New York stock exchange ex-change notably the collapse of tho Hocking pool caused the governors to adopt a number of new rules today, to-day, effective April 4. Tho first sets forth "taking or carrying car-rying of a speculative account or the making of a speculative transaction in whloh a clerk of the exchange or a member of tho exchange or of a bank, truat company, banker, insurance company or moneyed corporation. Is directly or indirectly interested unless un-less the written consent of tho employer employ-er ha3 been obtained will be doomed detrimental to the Interest nnd welfare wel-fare of the exchange." Another resolution sets forth: "Every "Ev-ery member ot the exchange Is required re-quired to use due diligence to learn the essential facts relating to ovory acoouut accepted by himself or by his clerks or representative and also re-lotlng re-lotlng to the possible use of a name of the account other than that of the party interested." A third resolution sets forth the recognized quotation on stock, '"shall be public bids and offers on lots of 100 shores " and buyers of otock are compelled to buy any or all of-small lot offered at tho head of a bid for a larger lot, up to tho price offered for the larger lot. In other words, the governors have decided to prevent pre-vent a broker's purchasing a stated amount of stock while smaller lots offered at a lower figure are refused. Tho so-called specialist on the exchange ex-change Is limited In his activities by another resolution and other safeguards safe-guards and reforms are Inaugurated. The general b"liof Is that tho stock exchange Is drawing n lesson from 11' ascos of Into and l "reforming." |