xiv

[ILLUSTRATIONS

FiGure Pace
49. Annual Obviation of Banking Accommodation by the Stock
Clearing Corporation . . . . . . . .......... 406
50. Annual Obviation of Number of Checks by the Stock Clearing
 Corporation . . . . . . . . se. . 407
51. Office Buy Slip. . . . . .......,. ve. «415
52. Office Purchase Report Slip . . . . . . . Co. 417
53. Broker's Confirmation. . . 419
54. Office Sell Slip. . . .. .. 420
55. Office Sale Report Slip. . . 420
56. Customer’s Statement . . 424
57. Customer’s Margin Card . . . . . . . . . . ...... 431
58. Organization Chart of the New York Stock Exchange, as of
[O25 vv he hh ee ee ee eee ee ee ee... 449
59. Percentage of Insolvencies in the United States. . . . . . . 462
60. Foreign Holdings of U. S. Steel Preferred and Common
Stocks, 1903-1928 . . . . . . .. .......... 521
61. The Invisible Trade Items of Gold, Credit, and Security Sales 527