SECURITIES: Over the Counter & Far Away

The New York Stock Exchange tape lazied along: about 120,000 shares an hour, 610,000 shares for the full session. The 3 o'clock gong found members shrugging their shoulders at the end of one more lackadaisical, profitless day. But in the offices of Manhattan's Dillon, Read & Co., the gong was the signal for a burst of activity. Dillon, Read headed a group of investment bankers and brokers with 500,000 shares of Standard Oil Co. (New Jersey) common to sell (for the estate of Oil Heir Edward Stephen Harkness). The bankers got busy on telephone and wire. Two hours later the...

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