Last week the Senate raised its great blunderbuss of investigation and prepared to fire a $50,000 broadside upon the buying and selling practices of all U. S. stock exchanges. Broad though the range of the inquiry was, most Senators realized that its real target was short sales on the New York Stock Exchange. From President Hoover down, many a U. S. citizen has long believed that such sales maliciously depress the market, add to hard times.
The investigation starting this week will be made by the Banking &...
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