SURVIVAL OF THE FITTEST
STRAIN TELLS ON BROKERS. ALL RECORDS BROKEN. Received March 25, 11 p.m. (A. & N.Z.) NEW YORK, March 24. The usually well-groomed Wall Street broker is undergoing a remarkable change as a result of the stock market’s record-breaking rally. | He has been pushed about the trading ! floor for 13 days in a frenzy to execute ian unprecedented volume of orders, 1 and the pressure is beginning to tell. Many of those less fit have already ! dropped out and left the city for vacations, making the work even harder for those remaining. These made an appeal for mercy from the floor of the exchange to-day and petitioned the governors for a ! holiday, asking them to close the doors lon Good Friday and Easter Saturday, but no action has yet been taken. The records disclose that since foundation of the exchange in 1797 uut.il January 1 this year there wor< only eleven 3,000,000 dollar share days. Thus tho present boom has broken all records. Each broker’s commission has averaged 830 dollar! a day during the boom, with the total sales approximately 44,000,000 chares.
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Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 20105, 26 March 1928, Page 7
Word Count
184SURVIVAL OF THE FITTEST Wanganui Chronicle, Volume LXXXIII, Issue 20105, 26 March 1928, Page 7
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