Margin requirements fixed by the governmental agencies in many cases fare lower than the margins which cading stock market operators at present carry and are practically the fame te the present requirements of the New York Stock Excha Loans are limited to a maximum of 85 per cent. of the market value of the stock constituting the security, or, alternatively, to 100 per cent. of the lowest price at which the parteular stock issue has sokt since uly 1, 1933, 90 long as the total does: hot exceed 75 per cent. of the cur rent market value, The full margin requirements become effective with respect to all purchases, but old positions will continue to "be carried without change, even though under margined, thut subject to a restriction making it impossible for the owner of account to weaken his relative mai 'The Securities Exchange Commission also announced that the period allowed for registration of Manila and Honolulu stock exchanges had been extended to November 1, in order to allow sufficient time' for the necessary forms to make the long, ocean journeys through the mails.
Members of the commission were interested to-day in New York dispatches reporting the appointment by the New York Stock Exchange of non-member advisory commillce of {en persons, including bankers, indus-Arialists, a" railroad. president and partners in five Exchange member firms, who will attend meetings of the [board of governors.—United
Text read from the printed page and cleaned; old type leaves the occasional error.