Word: exchangees
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Dates: during 1950-1959
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"The town dump is just a nice place for people to meet, leave trash, vow eternal friendship and go their ways." So spoke Northeastern University's Professor Everett Marston of Duxbury, Mass, one day last week. Duxbury (pop. 4,280), like many upper-middle-income bedroom communities that sprawl...
On the American Stock Exchange last week, the frenetic trading almost swamped the tickers. In one day, trading boiled to 3,520,000 shares, highest since 1929 and equal to 93% of that day's volume on the New York Stock Exchange. So far this year, volume has equaled...
In with the Young. Why the trading avalanche? The bull market has attracted many novice investors who aim for the moon but set a $10 limit on the trip. They shun stocks that sell for more, which means virtually all those on the New York Stock Exchange. They figure, often...
Yearling companies often go on the AmEx for "seasoning," hope to graduate to the New York Exchange. Last week, for example, Desilu Productions Inc., of TV's Desi Arnaz and Lucille Ball, joined the AmEx ranks. Even after they grow big and strong, some companies prefer to stay on...
Out with the Old. Despite its frenzied week, the AmEx (the New York Curb Exchange until 1953) has mellowed since its raucous youth. From its founding, around 1850, until 1921, the exchange operated outdoors, as a noisy swarm of brokers and traders crowded Wall, Broad and Hanover Streets from 8...