Wall Street: Taxing the Tape

Because of the Northeast's blizzard, the New York Stock Exchange held an abbreviated session one day last week, with the result that trading for the day amounted to only 6,400,000 shares.

Even that would have been unusually brisk as recently as 1965, but not any more. In the early weeks of 1967, Wall Street has seen Big Board stocks change hands faster than ever before.

Trading, merely hectic last year, has turned almost frantic. So far this year, market volume has averaged 9,900,000 shares a day v. last year's record daily average of 7,500,000 shares. In all, volume has reached 10 million...

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