Wall Street: Demand to Delist

Don Smith is a very meticulous man. At the plant of his Wolverine Aluminum Corp. in Lincoln Park, Mich., where aluminum corners, gutters and sills for houses are made, he rides about in a small electric cart, making sure that workers use ashtrays and do not throw gum wrappers on the floor. When Smith listed his growing firm (1964 sales: $7.2 million) on the American Stock Exchange last month, he traveled to Manhattan to get the usual VIP treatment: a tour of the exchange, lunch with the officers, the chance to buy the first shares of...

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