BROKERS’ INCOMES
Big Stock Exchange Profits WASHINGTON, May 1. The Senate banking committee published a report showing that the gross income of the 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 that these huge profits are revealed to show the necessity for passing the President’s bill strictly regulating the exchanges. Officials of the New York Exchange made a counter charge that tho figures did not truly represent the situation. They admitted that brokers had made large profits in 1928-29 when their customers were making large profits, but subsequently their earnings were greatly reduced.
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Hawke's Bay Tribune, Volume XXIV, Issue 118, 3 May 1934, Page 9
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112BROKERS’ INCOMES Hawke's Bay Tribune, Volume XXIV, Issue 118, 3 May 1934, Page 9
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