Business & Finance: Ins & Outs

Lorenzo E. Anderson & Co. was formed in St. Louis in 1913 as a brokerage house. In 1927 it was admitted to the New York Stock Exchange. Last week the firm was suspended from the Exchange, marking the first such action of the year, the eighth since the Bear Market began. Partner Arthur C. Hilmer, as president of St. Louis Stock Exchange, had to order his firm suspended from that market as well. One of the house's biggest troubles is said to have been caused by its financing the new St. Louis Arena.


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