Business & Finance: Downtown

¶ When Ferdinand Pecora got through with Wall Street there were only two secrets left—the partnership agreement of the House of Morgan and the wealth of the New York Stock Exchange. Last week, with the reluctant consent of the governors, the Securities & Exchange Commission released the Big Board's figures. A consolidated balance sheet of the Exchange and its five subsidiaries revealed total assets of $43,846,054.86.

Because some $13,000,000 of that represented deposits held by Stock Clearing Corp. and because, like any big business, the Stock Exchange has bills payable, the equity...

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