Business: Stott's Scheme

The New York Stock Exchange tried out a new scheme to get more business last week, and it worked. The scheme: "special offerings," by which big blocks of listed stocks, ordinarily sold off the exchange floor, can be lured back to the ticker.

Off-the-floor sales became a problem after Britain began selling her $950,000,000 worth of U.S. stocks in 1940. Because the regular market looked too weak to handle these huge selling orders, British agents went to syndicate groups, set a style. Last year, known off-the-board sales of listed stocks were 8,420,577 shares-one month's business for the entire exchange.

But young Robert L....

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