Wall Street's flood of red ink (see above) has sloshed over into many a side street where dwell firms catering to the stock-market and the market's customers. One flood victim: the publishers of financial statistics and advice.
Poor's Publishing Co., oldest of them all (1849), went bankrupt in 1933 and had to be rescued by wealthy Paul Talbot Babson, who now owns practically all the stock. The reorganization failed to create any important profits; early this year the company announced it would be unable to pay on its notes. Standard Statistics Co., biggest of them all, began an expansion at the time...
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