BROKERS’ BIG INCOMES
4, AMERICAN INVESTIGATION. OFFICIALS DISPUTE FIGURES. (Uniteo Press Association—By Electrio 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 2,153,000,000 dollars during the past six years, of which 833,000,000 dollars was ’net income. It is understood these huge profits have been revealed to show the 'necessity for passing the President’s Bill which aims at strict regulation of exchanges. Officials of the New York exchange made a counter-charge that the figures did not truly represent tlio situation. Thev admitted the brokers made large profits in 1928 and 1929, -when their 'customers were making large profits, but claimed that subsequently their earnings were greatly reduced.
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Bibliographic details
Hawera Star, Volume LIV, 3 May 1934, Page 5
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126BROKERS’ BIG INCOMES Hawera Star, Volume LIV, 3 May 1934, Page 5
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