THE COMMISSION HOUSE

41Q

blotter (since transactions in Southern Pacific stock are regularly
 cleared). That evening, when Jenkins & Co. makes up
its balance or clearance sheet to send to the Night Clearing
Branch, the item of 100 Southern Pacific appears as stock to
be received. If Blank’s transaction was the only one handled
that day by the firm in this particular stock, it will on the mor-JENKINS

 & Co.
S00 WALL ST.

New York. Qo

aL 5h
~ 1924

M A 3

We have this day BOUGHT for your
Account and risk, in accordance with the rules of the New York
Stock Exchange.

NO. SHARES

“FSCRIPTIO?

FIRM NAMF

] 00

agreed between broker customer:
- Jil s7ssssaitions ase SUBIR 4 SBA Fiend oustana of tbe New York Stock Exchange and it
~ring House,
“ all securities carried from time to thoe in the customers marginal account, or deposited to protect the
a= 1 may be loaned by tha broker, or may be pledged by him. either separately or together with othes
acuritics, either for the sum due thereon or for a greater sum. all without further notice to the customer.

Respectfully yours,
JENKINS & CO.
Las 24

Dy

FN

Figure 53. Broker’s Confirmation
Showing purchase by Jenkins & Co. of 100 Southern Pacific at 132% from Jefferson
& Co. at 2:03 P.M.

row obtain from the Night Clearing Branch in its statement of
“stock balances to receive’ instructions to receive 100 Southern
"12 See Chapter XII. b. 328.