uch
stocks as it may designate under restrictions prescribed by it. That
the Committee of Five is hereby authorized to enforce stock loan
contracts whenever in its judgment it may deem best so to do, and that
the resolution of July 31st, 1914, be modified in this respect."

A list of minimum prices was fixed upon that averaged some two or
three points below the closing prices of July 31st, and on December
11th the Committee issued a ruling prescribing the conditions for the
partial resumption of stock dealings on the Exchange. We here present
it in full:

"The Special Committee of Five rules that Rule 13 be rescinded,
in so far as it applies to stocks admitted to dealings in the
Exchange from time to time by the Committee of Five, said
rescission to take effect at the close of business on Friday,
December 11, 1914.

"Beginning on Saturday, December 12, 1914, dealings in certain
specified stocks listed on the Exchange will be permitted on the
floor of the Exchange between the hours of ten and three o'clock
each day except Saturday, when dealings shall cease at twelve
o'clock noon.

"Dealings in such stocks as shall be specified by, and be under
the supervision and regulation of the Committee, shall be for
'cash' or 'regular way' _only_ and not below the minimum prices
authorized by the Committee from time to time. Transactions at
prices below those allowed by the Committee, or in evasion of its
rules are prohibited.

"A list of stocks to be admitted to dealings on the Exchange
accompanies these rulings. Minimum prices on same will be
announced on December 11, 1914.

"All stocks quoted on July 30th at or below 15 per cent., or $15
per share, may be dealt in without restriction as to price, but
are included in the list for your guidance, and will be marked
'Free' in the price column.

"All stocks admitted to dealings as above, which were being
cleared through the Stock Exchange Clearing House at the close of
business on July 30, 1914, will be similarly cleared from the
opening of business on the 12th day of December, 1914.

"All stocks admitted to dealings, which were being dealt in
'Ex-Clearing House' at the close of business on July 30, 1914,
will be similarly dealt in from the opening of business on the
12th day of December, 1914.

"Stocks admitted t