COMPARISON AND SECURITY CLEARANCE 339 
easy to find a buying firm or firms to which the stock balances 
of each selling firm can be delivered. Thus the allotment clerk 
directs our friends, Jenkins & Co., with a balance of 300 
shares, to deliver them to Arnold, Mitchell & Co., who have 
to receive just that amount. Similarly, he directs Le Mar, 
Burke & Co. to deliver 200 shares to Whiting, Todd & Co.; 
D. S. Cooke & Co. to deliver 100 shares to E. A. Wilson & 
|. 
YL rv 
hy; i SECURITY BALANCT™S 
EY 
SHARES 
SLATMERTY 
Figure 32. Allotment Sheet 
Co.; B. P. Robinson & Co. to deliver 200 shares to Lee, Tuttle 
& Co. and 100 shares to Wilkins & Co. ; and Fisher, Carrington 
& Co. to deliver its 300 shares, and C. W. Green & Co. its 100 
shares, to L. A. Smith & Co. 
Recently, in order to save time, the practice was inaugu- 
rated of referring to clearing members on the clearance sheet 
by numbers rather than by names. But the names have been 
retained on examples used in this book, in order to render the 
clearing process less confusing to the reader