Business & Finance: Cheap Seats

The New York Stock Exchange seats of Henry E. Cone and George L. Loft (son of George W. Loft, candy man) were sold to W. A. Beaver and Arnold Wood, Jr., respectively, for the low price of $80,000 apiece —a decline of $2,000 from the last sale. Secretary Cox of the Exchange said: “These sales nail the lie that memberships are being offered at $75,000 and less.”