Business: Forthright and Realistic

Besides main plot, many a great drama has at least one subplot. Main plot in the dramatic reform of the U. S. market place reached its climax when the New York Stock Exchange reorganized. Last week the subplot reached its climax as the nation's second biggest securities market, the New York Curb Exchange, finally produced a thoroughgoing plan of reorganization. This followed a behind-the-scenes fencing series much like that which occurred behind the Big Board.

On the Stock Exchange, the Old Guard was finally humbled by the Richard Whitney incident after a long battle...

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