Wall Street Fear Over Paper Mess Hits Public Confidence
A year end review cites brokerage bookkeeping failures and public trust erosion as the market faces a paper jam. Chief concerns involve five day delivery limits, midweek closings, and the Central Certificate Service moving to vaults to record ownership while exchanges upgrade systems.
MENTIONED IN THIS ARTICLE
Wall Street
John Canninf
New York
Thejeal
Wee Rang
Securities and Exchange Cambe
Angetion
Ely
the Stock Exchange
Clerl
Chicago Turns to Large-Scale Tests for Garbage Handling
Chicago faces a labor shortage and antiquated systems as City Purchasing Agent Ward begins a three month series of tests to handle garbage amid plant closures and layoffs. Brokers report firm demand for boxes, paper, tins, and other recyclables while stakeholders weigh merging and worker displacements. The exchange expects volume increases to affect markets.
MENTIONED IN THIS ARTICLE
Chicago
UPI
John
Ward
Bartons
Investor's Guide on Brokerage and Mutual Funds Advice
The guide discusses choosing brokers and stock or mutual fund investments for a single woman near retirement age. It cautions against high risk picks, notes commissions are similar across stocks, and suggests mutual funds for diversification. It emphasizes personal control over investments and avoiding impulsive trading.
MENTIONED IN THIS ARTICLE
Fang
Social Security Tax Rise Edges Up Again in 1969
Sylvia Porter warns that the 1969 first paycheck marks another rise in social security taxes. The wage base increased last year to 7800, and the 4.4% rate becomes 4.8% this year, boosting taxes for workers, employers, and self employed, with long term revenue and spending implications amid broader tax hikes.
MENTIONED IN THIS ARTICLE
New York
Washington
Also Mentioned on This Page
Robert Haack
New York Stock Exchange
TGQ Yeon
Haack
Sam Shulsky
Anuar UO
Ee Ag
Victoria Barkley
Herj
Yalley
Kcrg-Tv
Inj
Conserva
Joe Fische
By Sylvia Porter
Merchants National Bank
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