WALL STREET’S WINGS.
Reforms That Would Clip Them Considered. NEW YORK, April 10. The New York Stock Exchange scored a smashing victory before the Banking Committee of the Senate today, when it was considering reforms that would clip Wall Street’s wings. The committee decided to create an entirely new commission for regulating stock exchanges, instead of giving this jurisdiction to the hard-shelled Federal Reserve Board. Under this amendment of the original scheme of control, a new commission of three members, appointed by President Roosevelt, and confirmed by the Senate, would exercise a regulation not too unfriendly to the exchange system. Silver and copper company shares enjoyed a brief boom in Wall Street today, otherwise the market was unusually quiet. Sales totalled less than a million shares, with industrial averages absolutely unchanged. Wheat fluctuated within an extremely narrow range in the principal markets.
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Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20283, 18 April 1934, Page 1
Word Count
142WALL STREET’S WINGS. Star (Christchurch), Volume LXVI, Issue 20283, 18 April 1934, Page 1
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