Business: The Government's Week: Jun. 6, 1938

Last week the U. S. Government did the following for and to U. S. business:

¶ Secured sweeping indictments in its auto-finance, anti-trust case (see col. 3).

¶Accepted, subject to court's approval, nolo contenders pleas in its oil profit-fixing, anti-trust case (see p.48)

¶Approved the New York Stock Exchange's extension of SEC's rules on short-selling to odd as well as round lots. In January, SEC forbade short sales except at a price at least | of a point above the last transaction; odd lots—less than 100 shares—were specifically exempted. Before long almost a third of all odd-lot business was in short sales. The seven...

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