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...

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!