in may be likewise received in evidence and marked for identification.

(The several volumes of original replies submitted, being answers received from members of the New York Stock Exchange in response to its questionnaire under date of Mar. 3, 1934, was marked, "Whitney Exhibit No. 7 for identification, Mar. 12, 1934 ", and the data is to be turned over to Mr. Pecora.)

The CHAIRMAN. Now the question arises: What will the committee do with this data? It seems to me that all of this data ought to be referred to Mr. Pecora, general counsel to the committee, for his examination and report. And it is now for the committee to decide whether this material should be made public or await a report on it from our general counsel.

Senator KEAN. I move that it be made public.

Senator GOLDSBOROUGH. I see no objection to it.

The CHAIRMAN. We haven't the data in shape to be made public. Mr. PECORA. This portion now introduced represents the returns made by the members of the New York Stock Exchange as to transactions in United Aircraft & Transport Corporation stock. There are seven other issues involved. I see no objection to making this public, Mr. Chairman.

The CHAIRMAN. Very well, this will be made public.

Mr. WHITNEY. Mr. Pecora, I have forgotten whether there were seven or eight requested, but we have and will have whatever they

are.

Mr. PECORA. I believe there were eight different issues, but two of them referred to securities of one company.

Mr. REDMOND. Two of them were Curtiss-Wright issues.

Mr. PECORA. There were seven companies, but a total of eight stock issues.

Mr. WHITNEY. What I want to say is, that whatever your request was, you will receive compilations covering those stocks, this compilation now presented being only for the one stock.

Mr. PECORA. It would be a matter of great convenience to me if I might have two copies of this compilation instead of one, so that I might send one to New York to be worked on by the committee's staff up there.

Mr. REDMOND. Here is another copy of the compilation for you, Mr. Pecora.

Mr. PECORA. I find there are eight corporations, with two issues n the case of one corporation, being the Curtiss-Wright Corporaion, making nine issues in all.

Mr. REDMOND. Very well. Whatever the questionnaire shows I am sure is right.

Mr. PECORA. All right. If this may now be marked.

The CHAIRMAN. That will be received in evidence and appropriately marked for identification.

(The compilation for the United Aircraft & Transport Corporaion stock was marked "Whitney Exhibit No. 8 for identification, Mar. 12, 1934 ", and the data was turned over to Mr. Pecora.)

Mr. PECORA. Now, Mr. Whitney, have you the minute books of the various committees of the New York Stock Exchange called for about a week ago?

Mr. WHITNEY. Mr. Redmond says they are here.

Mr. PECORA. May they now be produced and marked for identification, and made available to me so that I may examine them?

Mr. WHITNEY. I wish to stress again, Mr. Chairman, the very confidential nature of some of the matter contained in these minute books, relating to outsiders as well as to members of the New York Stock Exchange. I therefore desire very earnestly to request that that fact be fully realized.

Mr. PECORA. I am going to say, Mr. Whitney, that full heed will be given to the situation you have in mind and now call the attention of the committee to. That is why I am now asking that these records may merely be marked for identification and not actually placed in evidence. I will go over them with the members of my staff, and we will only utilize for the committee record such portions thereof as are pertinent to the inquiry.

The CHAIRMAN. They will be marked for identification and referred to the general counsel of the committee as they are now produced.

Mr. REDMOND. Mr. Chairman, I produce first the report submitted to the committee on publicity of the New York Stock Exchange and dated April 21, 1931, which was covered by your subpena.

The CHAIRMAN. That will be received and appropriately marked

for identification.

(The report of the Committee on Publicity of the New York Stock Exchange, dated Apr. 21, 1931, was marked "Whitney Exhibit No. 8-A for identification, Mar. 12, 1934 ", and will be referred to Mr. Pecora.)

Mr. REDMOND. I now produce the minute book of the Conference Committee of the New York Stock Exchange for the period from the inception of that committee in June of 1925 down to date. I might explain that there have been held a number of meetings by this committee subsequent to June 14, 1933, the minutes of which have not been included in this book but still are in draft form, it being the practice to write those minutes up only periodically.

The CHAIRMAN. The book will be received and marked for identification.

(The minute book of the conference committee of the New York Stock Exchange from June of 1925 to date was marked "Whitney Exhibit No. 9 for identification, Mar. 12, 1934," and the same will be turned over to Mr. Pecora.)

Mr. REDMOND. I now produce minute book no. 10 of the governing committee of the New York Stock Exchange, containing the minutes of said committee from June 27, 1929, to May 3, 1933. This book covers a longer period than was referred to in the subpena, but I produce the volume because the minutes of 1930 are included in it.

The CHAIRMAN. The same will be received and marked for identification.

(The minute book of the governing committee of the New York Stock Exchange from June 27, 1929, to May 3, 1933, was marked "Whitney Exhibit No. 10 for identification, Mar. 12, 1934," and the same will be turned over to Mr. Pecora.)

Mr. REDMOND. I produce minute book no. 11 of the minutes of the governing committee of the New York Stock Exchange, covering

he minutes of said committee from May 9, 1933, up to and including February 20, 1934. I might explain that I believe there have been one or more meetings of the committee since that date which have not been recorded in the minute book due to the fact that these ninute books have either been in transit between Washington and New York or were being held here awaiting production before this committee.

The CHAIRMAN. Let the book be received and appropriately marked for identification.

(Minute book no. 11 of the governing committee of the New York Stock Exchange was marked "Whitney Exhibit No. 11 for identification, Mar. 12, 1934," and will be turned over to Mr. Pecora.)

Mr. REDMOND. I produce the minute book of the committee on business conduct of the New York Stock Exchange, containing the minutes of said committee from December 29, 1930, to September 21, 1931.

The CHAIRMAN. Let the same be received and appropriately marked for identification.

(The minute book of the committee on business conduct of the New York Stock Exchange from Dec. 29, 1930, to Sept. 21, 1931, was marked "Whitney Exhibit No. 12 for identification, Mar. 12, 1934 ", and will be turned over to Mr. Pecora.)

Mr. REDMOND. I produce another minute book of the committee on business conduct of the New York Stock Exchange, containing the minutes of said committee from September 22, 1931 to June 30, 1933.

The CHAIRMAN. The same will be received and appropriately marked for identification.

(A minute book of the committee on business conduct of the New York Stock Exchange for the period from Sept. 22, 1931, to June 30, 1933, was marked "Whitney Exhibit No. 13 for identification, Mar. 12, 1934 ", and the same will be turned over to Mr. Pecora.)

Mr. REDMOND. I produce another minute book of the committee on on business conduct, containing the minutes of said committee from February 2, 1933, to February 21, 1934. I might explain that the minutes of the committee from February 8 to February 21, 1934, appear in this volume in draft form only, because they have not yet been approved by the committee on business conduct, and that there have been several meetings of this committee since February 21, 1934, which have not been recorded in this minute book because these books have been under subpena here in Washington.

The CHAIRMAN. The same will be received and appropriately marked for identification.

(The minute book of the Committee on Business Conduct of the New York Stock Exchange for the period from Feb. 2, 1933, to Feb. 21, 1934, was marked "Whitney Exhibit No. 14 for identification, Mar. 12, 1934", and the same will be turned over to Mr. Pecora.)

Mr. REDMOND. Mr. Pecora, the same subpena under which I am producing these various minute books called for a certain financial statement of the New York Stock Exchange, or rather certain financial statements. Do you wish them produced at this time?

Mr. PECORA. If you will.

175541-34—PT 15—51

Mr. REDMOND. I now produce an envelope containing reports of the finances of the New York Stock Exchange for the years 1931. 1932, and 1933. The report for 1932 includes comparable figures for the year 1931, and therefore that single report covers 2 years. Do you want these now, Mr. Pecora?

Mr. PECORA. If you will just have them marked for identification. Mr. REDMOND. Do you wish each report separately?

Mr. PECORA. Yes; if you will.

Mr. REDMOND. I produce first the report of finances for 1931 and

1932.

The CHAIRMAN. The same will be received and appropriately marked for identification.

(The financial report of the New York Stock Exchange for 1931 and 1932 was marked "Whitney Exhibit No. 15 for identification. Mar. 12, 1934 ", and will be turned over to Mr. Pecora.)

Mr. REDMOND. Next I produce the report of finances for the year ended December 31, 1933.

The CHAIRMAN. The same will be received and appropriately marked for identification.

(The financial report of the New York Stock Exchange for the year ending Dec. 31, 1933, was marked "Whitney Exhibit No. 16. for identification, Mar. 12, 1934 ", and will be turned over to Mr Pecora.)

Mr. REDMOND. I produce the financial statements of the New York Stock Exchange Building Co., an affiliated company of the exchange. for the year ended December 31, 1932. This report contains in a separate column comparable figures for the year 1931, so, in effect. it covers both years.

The CHAIRMAN. It will be received and appropriately marked for identification.

(The reports of the financial condition of the New York Stock Exchange Building Co. for the years 1931 and 1932 were marked "Whitney Exhibit No. 17 for identification, Mar. 12, 1934", and the same will be turned over to Mr. Pecora.)

Mr. REDMOND. I produce the financial statement of the New York Stock Exchange Building Co. for the year ended December 31, 1933. and with that statement, and I ask that it may be marked as a part of the same exhibit, the balance sheet of No. 39 Broad Street Corpora tion, a subsidiary of the New York Stock Exchange Building Co. The CHAIRMAN. That will be done, and they will be received an appropriately marked for identification.

The financial statement of the New York Stock Exchange Building Co. for the year ended Dec. 31, 1933, together with a balance sheet of No. 39 Broad Street Corporation, a subsidiary of the New York Stock Exchange Building Co., were marked "Whitney Exhibit No. 18 for identification, Mar. 12, 1934 ", and the same will b turned over to Mr. Pecora.)

Mr. REDMOND. I produce the financial statement of the Stock Clearing Corporation for the year ended December 31, 1931.

The CHAIRMAN. The same will be received and appropriately marked for identification.

(The financial statement of the Stock Clearing Corporation, a sub sidiary of the New York Stock Exchange, for the year ended Dec.

31, 1931, was marked "Whitney Exhibit No. 19 for identification,
Mar. 12, 1934". and the same will be turned over to Mr. Pecora.)
Mr. REDMOND. I produce the financial statement of the Stock
Clearing Corporation for the year 1932.

The CHAIRMAN. The same will be received and appropriately marked for identification.

(The financial statement of the Stock Clearing Corporation, a subsidiary of the New York Stock Exchange, for the year 1932 was marked "Whitney Exhibit No. 20 for identification, Mar. 12, 1934 ", and the same will be turned over to Mr. Pecora.)

Mr. REDMOND. I now furnish the financial statement of the Stock Clearing Corporation for the year ended December 31, 1933. The CHAIRMAN. The same will be received and appropriately marked for identification.

(The financial statement of the Stock Clearing Corporation, a subsidiary of the New York Stock Exchange, for the year ended Dec. 31, 1933, was marked "Whitney Exhibit No. 21 for identification, Mar. 12, 1934", and the same will be turned over to Mr. Pecora.)

Mr. REDMOND. I produce the financial statement of the New York Quotation Co., an affiliate of the New York Stock Exchange, for the year ended December 31, 1931.

The CHAIRMAN. The same will be received and appropriately marked for identification.

(The financial statement of the New York Quotation Co., an affilate of the New York Stock Exchange, for the year ended Dec. 31, 1931, was marked "Whitney Exhibit No. 22 for identification, Mar. 12, 1934 ", and the same will be turned over to Mr. Pecora.)

Mr. REDMOND. I now produce the financial statement of the New York Quotation Co. for the year ended December 31, 1932.

The CHAIRMAN. The same will be received and appropriately marked for identification.

(The financial statement of the New York Quotation Co., an affiliate of the New York Stock Exchange, for the year ended Dec. 31, 1932, was marked "Whitney Exhibit No. 23 for identification, Mar. 12, 1934 ", and the same will be turned over to Mr. Pecora.) Mr. REDMOND. I now produce the financial statement of the New York Quotation Co. for the year ended December 31, 1933. The CHAIRMAN. The same will be received and appropriately marked for identification.

(The financial statement of the New York Quotation Co., an ffiliate of the New York Stock Exchange, for the year ended Dec. 1. 1933, was marked "Whitney Exhibit No. 24 for identification, Mar. 12, 1934 ", and the same will be turned over to Mr. Pecora.) Mr. REDMOND. I now produce the financial statement of the New York Stock Exchange Safe Deposit Co. for the year ended December 1. 1931, this company likewise being an affiliate of the New York Stock Exchange.

The CHAIRMAN. The same will be received and appropriately marked for identification.

(The financial statement of the New York Stock Exchange Safe Deposit Co., an affiliate of the New York Stock Exchange, for the ear ended Dec. 31. 1931, was marked "Whitney Exhibit No. 25 for dentification, Mar. 12, 1934 ", and the same will be turned over to fr. Pecora.)