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By: Wallace E. Sarran,Jr

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I was chairman of the Cincinnati Stock Exchange in the early 1970′s. Charlie Steffens was President and Rosemary Goodrich was Secretary and managed daily operations. As I recall some other board mebers were Bud Ault, Jack Reiter, Willis Gradison,Sr., Alfred Friedlander, Charles Westheimer, George Eustis, Gerry Oaks, Eddie Aub, Jim Hutton, John Finn and Charlie Connors. I was a partner of Hill & Co., members of the New York Stock Exchange, founded in 1903 with offices in the Provident Tower. We admitted Third- Market-Maker Weedon & Co. to membership. They were denied membrship on the New York Stock Exchange because they traded NYSE listed issues over-the-counter. This allowed our members to deal in NYSE listed issues and avoid the expense of clearing trades through a New York Correspondent firm. As a result our volume expanded greatly. I retired this year (2010) from Morgan Stanley Smith Barney at age 82 after 55 years in the business.

Wallace E. Sarran, Jr. (Ted)


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