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 &

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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 inaugurated
 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