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.
More Must-Reads from TIME
- L.A. Fires Show Reality of 1.5°C of Warming
- How Canada Fell Out of Love With Trudeau
- Trump Is Treating the Globe Like a Monopoly Board
- Bad Bunny On Heartbreak and New Album
- 10 Boundaries Therapists Want You to Set in the New Year
- The Motivational Trick That Makes You Exercise Harder
- Nicole Kidman Is a Pure Pleasure to Watch in Babygirl
- Column: Jimmy Carter’s Global Legacy Was Moral Clarity
Contact us at letters@time.com