BIG PROFITS
NEW YORK BROKERS Press Association—By Telegraph—Copyright. 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 aggregated 2,153,000,000d0l during the past six ypars, of which 833,000,000d0l was .net income.' It is understood that these huge profits were revealed to show the necessity for passing the President’s Bill strictly • regulating exchanges. Officials of the New York Exchange made a counter-charge that the figures did not truly represent the situation. They admitted that brokers made large profits in 1928-29 when their customers were making large - profits, but subsequently earnings were greatly reduced.
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Bibliographic details
Evening Star, Issue 21710, 3 May 1934, Page 9
Word Count
108BIG PROFITS Evening Star, Issue 21710, 3 May 1934, Page 9
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