HIGH INCOMES
Stock Exchange Brokers in New York REPORT PUBLISHED Reply That Warnings Have Greatly Fallen By Telegraph.—Press Assn. —Copyright. (Received May 2, 5.5 p.m. I Washington, May 1. The Senate Banking Committee published a report to-day’ showing that the gross income of 519 brokers belonging to the New York Stock Exchange had aggregated 2,153,000,000 dollars during the past six years, of which 833,000,000 dollars was net income. It is understood that these huge profits were revealed to show the necessity for passing the President's Bill strictly regulating stock exchanges Officials of the New York Exchange made a counter charge that the figtues did not truly represent the situation. They admitted that brokers made large profits in 1928-29 when their customers were making large profits, but said that subsequently their earniugs had been greatly reduced.
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Dominion, Volume 27, Issue 184, 3 May 1934, Page 9
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135HIGH INCOMES Dominion, Volume 27, Issue 184, 3 May 1934, Page 9
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