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Wall Street Paper Jam Settles Down
AP report notes Wall Street’s paper jam easing with calmer prices and resumed normal hours. Brokers updated equipment as New York Telephone expanded lines after a 13 foot wall breach to install gear. Analysts blame misestimates by exchanges and institutions for the prior surge in activity. A separate Maine item reports a 1950 Royal Canadian Navy plane wreck search paused until spring.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
New York Telephone
Broad Street
Wall Street
New York Stock Exchange
Staceyville
Maine
Here
Cmdr
Leslie Rosenthal