Business: Reports v. Reports

A familiar ghost stalked the corridors of the New York Stock Exchange last week—the question of corporate publicity. Though attacked for years for not showing more gumption in demanding full and frequent reports from listed corporations, the fact remains that, until the New Deal, the Stock Exchange was the only U. S. body, public or private, that consistently and effectively strove to raise the standards of stockholders' statements.

In what it considered another forward step, the Stock Exchange last month suggested that listed companies issue interim earnings reports on a twelve-month basis...

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