1. Wall Street drowns in paper.
- Subjects
STOCK exchanges ,STOCKBROKERS ,FINANCIAL crises ,STOCK price indexes - Abstract
The article discusses how U.S. stock exchanges and brokerage houses are dealing with backlogs and searching for measures to prevent another crisis in 1968. The author reports that for a period of two weeks, the important stock market indexes have been slipping with the Dow-Jones industrial average dropping to 901.41 from a high of 935.6 on May 3, 1968. The author says that the most pressing problem is the large amounts of paper that brokerage houses have accumulated during the crisis. INSET: 'Fails' get stuck in broker pipelines.
- Published
- 1968