U. S. speculators took it easy last week. Brokers cleaned up the litter left by the July Crash (TIME. July 31). Stock and grain prices rebounded, then shuffled off in a secondary reaction as exchange offi cials prepared for resumption of normal trading. The Chicago Board of Trade retained limits on daily fluctuation but removed the minimum prices established when Edward A. ("Doc") Crawford was suspended for insolvency. Banned from the pit forever were all dealings in in demnities (options on grain futures contracts, generally regarded as pure gambling). The New York Stock Exchange voted...
To continue reading:
or
Log-In
