THE ECONOMY No Cause For Alarm?
To a mournful harmonica rendition of Hearts and Flowers, a group of traders marched across the paper-strewn floor of the New York Stock Exchange one afternoon last week. At Post No. 9 they stopped, laid down a wreath to the memory of an old friend.
With such mock solemnity Wall Street marked the passing of Commonwealth & Southern Corp., the giant utility holding company now finally dissolved under the Holding Company Act. For years. C. & S.'s low price (generally about $5 ) and large amount of common shares outstanding (more than 33...
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