" No Broadcasting "

The severe regulation imposed by the New York Stock Exchange upon its members with respect to their firm advertisements, as well as its strict control over its ticker price quotations, have been endangered through the sudden perfection of radio broadcasting. By a recent resolution, the Board of Governors has forbidden the use of the wireless by its members either for advertising or publicity purposes, or for promiscuous relaying of Stock Exchange quotations. The latter will, however, be permitted in the case of broadcasting stations approved by the Exchange. The aim of the restrictions upon member advertising is to prevent undesirable public speculation; the Exchange's control of its prices is exercised to prevent their use by bucketshops.