Wall Street: Simplifying the Issue

Whatever they may be worth on the market, stock certificates have always had a certain value just hanging on the wall. Christmas shoppers have been known to frame a particularly handsome, ornately engraved share of stock for the man who has everything. Unfortunately, the beauty of certificates lies only in the eye of the holder. To those who buy, sell and keep them in trust, they are a constant headache.

Not only are the large sheets difficult to file, but every time a broker places a buy or sell order, the actual certificates must be sorted out manually and delivered...

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