SPECULATORS ATTACKED
WALL STREET RECESSION. Received Nov. 24. 11.23 p.m. WASHINGTON. Nov. 24. _ The Securities Exchange Commission, in a long report ostensibly answering Mr. Gay, announced the collapse of negotiations conducted with the New York Stock Exchange in an effort to secure voluntary regulation. The report contains a charge that members of the Exchange, trading on their u zn account, made very heavy short sales during the September break in the market, further depressing prices, and goes on to warn that speculative groups have utterly disregarded the public interest, thus increasing the public distress to a point of demoralisation. The report declares that the Exchange membership is too large and demands a voluntary revision of the administrative and functional techniques throughout the county’s exchanges, otherwise the Securities Exchange Commission will compel this step to be taken.
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https://paperspast.natlib.govt.nz/newspapers/WC19371125.2.78
Bibliographic details
Wanganui Chronicle, Volume 80, Issue 280, 25 November 1937, Page 7
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136SPECULATORS ATTACKED Wanganui Chronicle, Volume 80, Issue 280, 25 November 1937, Page 7
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