CORPORATIONS: Out of the Mattress

At 11:30 one morning last week, the New York Stock Exchange was swamped by a sudden deluge of orders to buy Curtiss-Wright.

Trading in the stock was suspended for two hours and six minutes to give clerks and traders a chance to catch up. Six minutes after trading was resumed, another time-out had to be called. By the end of the session the volume had reached a whopping 146,000 shares, nearly 10% of all shares traded that day. And Curtiss-Wright common was up 2¼ points to 10⅜ a share. Next day, despite the market's general decline (see below), Curtiss-Wright edged up...

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