COMPARISON AND SECURITY CLEARANCE 323 
deliver all the available tickets which his firm has to send 
to all other firms, and also to obtain all the tickets which all 
other firms have sent to his firm. This system naturally 
effects great economies in messenger hire by Stock Exchange 
Clearing No_200_ 
{Delivering Mcwmber? 
Clotter Line 
Delivering 
Member 
DELAYED DELIVERY (BONDS) 
STOCK CLEARING CORPORATION 
(DAY BRANCH) 
(Settlement Date) New Vor: 
ras" 
es 
‘atiper the =r 
a 
New York WO 
Contract Dat 
Blotter Line Nc. 
(Recelvin- Mer 
Rec 
ccount ¢” the undersi 
Account oi__ 
gant 
ar 1 Clearine Numbha- ~~ 
Figure 27¢. “Four-W=+ Deferred Delivery Bond Contrac’ 
deliver exchange ticket 
DELAYED DELIVERY (BONDS) 
clog e%8%— STOCK CLEARING CORPORATIOY 
(DAY BRANCH) 
(Settlament Datel Ar... 
Blotter 11. 
Deliverir: 
afarmdha- 
New V-- 
Contract ~ 
Blotter Line 
TO ane) 
the undersigned 
Fr. 
Hd w 
‘ama - sd Nib 
AACA 
Account of 
Figure 27d. “Four-Wzy Deferred Delivery Bond 
receive exchanece ticket 
Contract Ticket”’—the 
firms, and also greatly speeds up the making of comparisons 
between them each day. The Distributing Department is open 
until 5:30 P.M. on full business days, and until 2:30 p.M. on 
Saturdays. 
Conclusion of the Process of Comparison.—If a deliver- 
ing and a receiving member do not agree as to the identity,