Business: More Seats

Last week the Board of Governors of the New York Stock Exchange approved an increase in the number of "seats" from 1,100 to

1,125. This action is said to have been taken as a result of the terrific demand for more memberships created by recent record breaking dealings on the Exchange. And it is confidently expected that each of the new seats can be disposed of at the record price of $135,000, paid for a membership sold a fortnight ago. This would give the Exchange $3,375,000 new working capital; a sum which the Governors probably...

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