Business: Jam Breaking?

Addressing their stockholders last week the chairmen of the two biggest banks of the U. S. both saw fit to make pointed references to one poignant topic. Said Chairman Winthrop Aldrich of Manhattan's Chase National Bank: "Since 1933 the volume of new issues, and especially of stocks, has been a fraction of what it ought to be, and, indeed, of what it was in our last normal financial year, 1923, or 14 years ago."

Said Chairman James H. Perkins of Manhattan's National City Bank: "I know of no corporation of size in the...

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