Business: No Pools for Specialists

Every stock on the New York Exchange has at least one specialist, a man who jots in a book and executes buying and selling orders other than those which are to be executed "at the market." He often can tell at a glance whether a stock is likely to be supported if it sells off, whether it is likely to encounter big selling should it rise. This information is obviously of value to pools.

In the Senate investigation last spring much adverse comment was caused when it was revealed that red-haired Michael ("Mike") Meehan,...

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