PROFIT OF BROKERS.
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 was net income. It is understood that these huge profits are revealed to show the necessity for passing the President’s Bill for the strict regulation of stock exchanges. Officials of the New Y’ork Exchange have made the counter-charge that the figures do not truly represent the situation. They admit that the brokers made large profits in 1928 and 1929 when their customers were making large profits, but subsequently the earnings were greatly reduced.
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Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20295, 3 May 1934, Page 5
Word Count
113PROFIT OF BROKERS. Star (Christchurch), Volume LXVI, Issue 20295, 3 May 1934, Page 5
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