Monday, Apr. 26, 1948

Peaceful Curb

After 16 days of tumult and picketing, striking clerks, pages and elevator operators returned to their jobs on the New York Curb Exchange. The members of Local 205, United Financial Employes, A.F.L. had won little: the Curb agreed to change its pre-strike offer of a temporary 10% cost-of-living bonus to a straight 10% wage raise, but it did not grant demands for a union shop and it insisted on a two-year contract.

The union continued its strike against the New York Stock Exchange. Some 700 Exchange workers were still out. But the brokers who pinch-hit for them had no trouble handling its booming business. In one day, 2,140,000 shares were traded, the biggest since April 14, 1947. By week's end the Dow-Jones industrial average stood at 180.38, up 0.90 from the week before and only 0.66 from the year's high.

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