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BARES OIL POOL PROFITS Says He Obtained $3,000,000 Without Putting Up Explains. Page.) syndicate formed to prevent stock the County Trust Co. from pressed after what described James Riordan, its president. Bought 3,794 Shares. The syndicate. Raskob said purchased total Raskob the syndicate was cluded November 1932, when the and Smith said statement New York last night that the syndicate was directors borrowed money simply to 'buy the trust Cutten said the Sinclair and and in addition from company and his varying 1,702,760 testified Harry wealthy oil operaSinclair appear his testimony was postponed until next on account illness. began his testimony today stories He statements that the still open and the obligation true. Raskob said, with story of the death Riordan. News the death was withheld until the next Raskob said, of the bank and others means to prevent run the bank said take the syndicate prevent the being depressed when the market Monday He the bank might cause the price 100 points reason, the formed the directors except 230 Raskob find out why did that.' Lists Pool Participants. Listing the and had Raskob Michael Meehan. he said, Other 500; Pulleyn, 100, and Peter Carey, 100. Later, Raskob the bank managereorganized Edward take the tion, Raskob on shares. the but never the stock, voice, Testifying Raskob "unfair" the that the syndicate operations. He added were particularly unfair Raskob stand for only was few minutes expresto the committee for hearing Cutten Tells of Deal. Cutten asked the pool in SinPecora stock. over the table, Cutten that ble that Sinclair others called him in August, and suggested shares the the purchase Sinclair Cutten the stock $30 share. said, offering trader he had replied and pointed out the price was high market price was then the handle to for less than $30 and refused was and the details. not the matter had been "Did he say directors? Pecora Cutten replied. Wiggin Listens Closely. listened closely to the tesChase Bank, timony from seats back Cutten. trader was settled The Hutton Co., acting Ruloff member of the Hutton witness Cutten then submitted statement attorney, Millard Tompkins New York. statement the Pecora. Sinclair, Cutten said, wanted raise ditional made plain he did Cutten said not want take large block. Others Took Balance. To replied that shares
