To this end, approaches have been made to the Bank of England by the New York Quotations Syndicate for a specific ruling on the point. The official reaction, however, was that no ruling could be given.
This reaction has failed to satisfy many American houses, more particularly in the case of one or two representatives of New York offices who are now visiting London and who wish to obtain a clear-cut impression of the official attitude to the activities of the American brokerage houses.
Further conversations have thus taken place between Syndicate members with a view to a fresh approach to official quarters. These conversations, however, have resulted in opposition to any further move of this nature.
Text read from the printed page and cleaned; old type leaves the occasional error.