WALL STREET: The Securities Snatchers

One of the great bank robberies of all time was pulled off early this month without a hint that it was happening. The loot was not cash but $15.3 million in negotiable Treasury bills. The certificates simply vanished from a locked and guarded room at headquarters of the Chase Manhattan Bank during normal business hours. Last week the FBI and New York City detectives were still looking for the bills and for clues.

The Chase job made 1973 a banner year for Wall Street's outlaw satellite, the market in hot stocks, bonds and...

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