In order to win a wager a Cambridge undergraduate, fully dressed in <;ap and gown, and using an umbrella as a parachute, jumped from the Great Bridge in Magdalene street into the river. The New York Stock Exchange handles immense sums, both in securities and loans, and thus a mistake of one figure in a column means a good deal when it is made in the ten million column. This appears to be the explanation of a dinerenco of over £1(3,000,000 in tho report of brokers' loans from New York banks for OctoImt, as given out by tho Stock Exchange and clearing-house banks. When the matter was brought to the attention of the Stock Exchange authorities various ingenious theories advanced to explain this discrepancy. Finally, however, an expert went over tho figures with a couple of clerks having a computation chart for the Stock Exchange, and the mistake was discovered in the Stock Exchange issues. A correction was accordingly issued, reducing the amount of brokers' loans by £16.000,000. -
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Press, Volume LXIII, Issue 18924, 12 February 1927, Page 8
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168Page 8 Advertisements Column 2 Press, Volume LXIII, Issue 18924, 12 February 1927, Page 8
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