After a two-week recess to allow Counsel William A. Gray and his investigators to prowl around Wall Street for more data, Senator Peter Norbeck's Banking & Currency Committee last week resumed hearings on the buying & selling practices of U. S. stock exchanges. Having heard a lot about post-crash short-selling (TIME, April 25. et seq.), the Committee now went back to the great pre-crash bull pools.
Pools. Any Wall Streeter knows, but few Senators do, how pools are run. Because the risks are great, the pool's sponsor usually invites only his richest friends to...
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