In Wall Street, the common stock of the Brooklyn Trust Co.,* founded 84 years ago, kicked up its heels like any speculative two-year-old last week. In six weeks the stock galloped from $139 to $228, on the rumor that Brooklyn Trust would soon be bought by a larger bank. Last week it jumped $1 7 in one day as the rumor turned out to be true. Brooklyn Trust announced it will merge with Manhattan's Manufacturers Trust Co.
The merger will move Manufacturers up from sixth to fifth biggest U.S. bank.† with more than...
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