Wall Street: Bob Cratchit Hours

On Wall Street, 1967 may well be remembered as the year of the brokerage-house Bob Cratchits. Responding to brokers' cries that their clerical ranks were folding under the paperwork generated by this year's unprecedented pace of trading, governors of the New York Stock Exchange last week held an emergency Monday meeting, ordered a "temporary" shortening of daily trading sessions from the normal 51 hours to four hours. The shorter hours, which are scheduled to continue through this week, were matched by the Big Board's smaller Manhattan neighbor, the American Stock Exchange, as well as the nation's seven regional exchanges.

As...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!