• U.S.

Business: World Stock Market

1 minute read
TIME

Two months ago the New York Stock Exchange after long hesitation decided to admit trading in foreign stocks. The chief restrictions were that such stocks and securities have first rights to their company dividends and that those dividends be regular. There was a flourish of expectations among Manhattan stock brokers. They thought that foreign concerns would swarm to list their stocks. However, foreign investors are amply able to buy their own sound securities. So last week the stock of only one outlander company, the Austrian Credit Anstalz, stood on the Manhattan Exchanges’ list, and only one other, the Trading Company of Amsterdam, had even applied for listing during the two months.

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