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Small Investors Deserting Wall Street Deepens Confidence Blow
The closure of DuPont Walston Inc amid a 1973 market slump signals shrinking small investor participation on Wall Street. NYSE data show a drop to 31.7 million individual shareholders, while institutions control about one third of stocks and 70 percent of trading volume. Fee changes looming may shift commissions toward parity, yet overall stock values fell to 721 billion with average share price 29.10. Critics cite a credibility crisis as many small investors abandon the market.
MENTIONED IN THIS ARTICLE
Deborah M
Rankin
News York (Ap
Wall Street
DuPont Walston, Inc
Stan West
New York Stock Exchange
NYSE
American Stock Exchange
Securities and Exchange Commission
duPont Walston
Merrill Lynch
H. Ross Perot
Louis Harris
Harris
America Corp