Business: Life Among the Brokers

A procession of grimy trucks and creaky wagons bearing big placards wound slowly through the deep, dim streets of downtown Manhattan one lunch hour last week. Wastepaper dealers were holding a parade against their luckless lot. Under contract at 15¢ per cwt. to empty the trash baskets of Wall Street's tall towers, they were unable to sell their wares for any price at all. Whereas a year ago they could get as much as 70¢ per cwt. for this waste they were now having to pay a big...

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