Business: No Casino

The 358 members of the Chicago Stock Exchange have lately had to content themselves with trading only 50,000 shares a day. * Hence the Chicago Exchange ranks behind the New York Stock Exchange, New York Curb and the Boston Stock Exchange as a securities market. Last week to prove that it ranks behind no U. S. market in progressiveness, the Chicago Exchange beat the New York Stock Exchange to a major reform proposal by 24 hours.

Two months ago Chairman William O. Douglas of the Securities & Exchange Commission ticked off the "club" aspects...

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