Financial Markets, Hearings Before the Subcommittee on Financial Markets ... 93-1 ... |
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accounts American American Stock Exchange assets average bank by bank believe BIGLER billion broker brokerage CALLAWAY Chairman classification ¹ Classification by SIC commission rates common stocks concentration concern Corp Corporation disclosure dollar earnings economic Employee benefit executives going growth stocks holdings impact income increase individual investor inflation institutional investors institutional trading insurance companies interest investment issues KOLTON large institutions limited liquidity major marketplace member firms ment Merrill Lynch Morgan Guaranty mutual funds National NEEDHAM NYSE order by standard ordinary income panies participation pension funds Percent of outstanding portfolio price-earnings ratios problem question ratios recent REGAN securities industry securities markets sell Senator BENNETT Senator BENTSEN Senator BYRD Senator ROTH shares common small investors standard industrial classification statement stock market Subcommittee tier tion transactions trust departments two-tier market volume Wall Street York Stock Exchange
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Page 142 - Still one thing more, fellowcitizens — a wise and frugal government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities.
Page 107 - My name is James J. Needham. I am Chairman of the Board of Directors and Chief Executive Officer of the New York Stock Exchange, Inc.
Page 141 - The only part of the so-called national wealth that actually enters into the collective possessions of modern peoples is — their national debt.
Page 255 - It shall be unlawful for a member of a national securities exchange who is both a dealer and a broker, or for any person who both as a broker and a dealer transacts a business in securities through the medium of a member or otherwise, to effect through the use of any facility of a national securities exchange or of the mails or of any means or instrumentality of interstate...
Page 270 - At the close of each quarter of the taxable year (A) at least 50 per centum of the value of its total assets is represented by cash and cash items (including receivables), Government securities, securities of other regulated investment companies, and other securities for the purposes of this calculation limited in respect of any one issuer to an amount not greater in value than 5 per centum of the value of the total assets of the...
Page 270 - Government securities; and (B) Not more than 25 percent of the value of It8 total assets Is represented by securities (other than those includible under subparagraph (A) ) for purposes of this calculation limited In respect of any one Issuer to an amount not greater in value than 5 percent of the value of the total assets of the trust and to not more than 10 percent of the outstanding voting securities of such Issuer.
Page 295 - ... alternative tax/' which taxes the entire excess net long-term capital gain at 25 percent. Since the corporate tax structure is not graduated (as in the case for individuals) but is computed on the basis of a normal tax of 22 percent of taxable income and a surtax of 26 percent of that part of the taxable income which exceeds $25,000, usually only those corporations with taxable incomes in excess of $25,000 (on which the tax rate would be 48 percent, apart from the effect of the surcharge) use...
Page 195 - Chairman of the Board of the New York Stock Exchange, said: The Exchange welcomes the new Committee of Publicly Owned Companies to the ranks of those who are willing and prepared...
Page 90 - The Securities and Exchange Commission and the New York Stock Exchange have collaborated in the practice of interrupting trading in securities without thorough investigation.
Page 325 - Corp 1 2 5. 1-P Federal Paper Board Co., Inc. 1 1 Printing and allied industries — SIC 275: American Bank Note Co 1 1 Industrial inorganic and organic chemicals, plastic materials and synthetic resins, synthetic rubber and other manmade fibers except glass — SIC 281 : Union Carbide Corp 1 Celanese Corp 1 Agricultural chemicals — SIC 287 : International Minerals & Chemical Corp 1 See footnotes at end of table, p.