World Stock Market. The New York Stock Exchange last week made itself a world stock market by providing for deals in foreign snaresunder restrictions. Those restrictions provide: 1) The foreign corporation wanting its shares listed in Manhattan must be "well known" and must have a reliable New York agent or correspondent. 2) Foreign shares must be deposited and against them issued certificates of deposit. 3) Such certificates will be the actual documents sold on the exchange.
By a stretching of old exchange rules the governing committee has for some time permitted dealing...
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