New York, Oct. 19.
Representative John O'Connor, Demjcrat of New York, to-day requested the Federal Reserve Board to take immediate action to halt the decline of security prices by lowering margin requirements, on pür-chases of stocks and greatly increase margin required on short sales.
A spokesman of the Securities and Exchange Commission issued a statement that "The Securities and Exchange Commission is not looking for scapegoats or seeking to pick any one class of trader on whom to lay the whole blame for the present Stock Market situation."—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.