Designs On A Small Treasury Dealer

Treasury-bond dealers have received unaccustomed attention of late, in the wake of Salomon Brothers' admissions that it overbid for Treasury securities. Now, one of the smaller dealers, Discount Corp. of New York, is also getting unaccustomed attention--from a potential suitor. Little-known investors George and John H. McFadden, brothers of fashion magnate Mary McFadden, disclosed a 5.02% stake in DCNY. They may seek control.

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