LONDON STOCK EXCHANGE

Evening Post, Volume LXXXVIII, Issue 153, 26 December 1914, Page 7

LONDON STOCK EXCHANGE

NEW RULES STRINGENT, BUT . EFFECTIVE. LONDON, 24th December. The newspapers consider the _ Stock Exchange regulations very stringent, especially that compelling a broker to give the name of the person to whom inscribed stocks are transferred, but they will have the effect of safeguarding the London market against forced realisations, and absolutely close the market to the enemy. The Financial Times says that the bulk of the naturalised members and their clerks have not been denationalised by 'their country of birth, and are therefore banned re-entry to the Stock Exchange. One estimate is that seven hundred are affected. [The Stock Exchange opens on the 4th January. The Treasury has ordered that the minimum prices fixed during the closure shall be enforced until the end of January, but subject to revision by the committee, with the Treasury's approval. The committee is empowered to fix the minima for shares dealt with on t]}& American market. These are generally the prices ruling oa 50th July.

AH bargains must be cash, and no dealings will be allowed in new issues made after 4th January unless with the Treasury's approval. Members will not !>o allowed to bid openly or deal in securilies which have been in the enemy's possession since the outbreak of the war. All securities must be supported by a declaration that they have remained in physical possession in the United Kingdom since the 30th September. Only British-born members and clerks will be admitted, or naturalised members and clerks who can prove that they have been denaturalised in the country of origin.] i I 1 '