Betriebsorganisation und Betriebsabrechnung

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Monograph

Identifikator:: 176196223X

URN:: urn:nbn:de:zbw-retromon-144583

Document type:: Monograph

Author:: Brasch, Hans http://d-nb.info/gnd/1011578441

Title:: Betriebsorganisation und Betriebsabrechnung

Place of publication:: Berlin

Publisher:: Stilke

Year of publication:: 1928

Scope:: 139 Seiten; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: 4. Die Arbeitsführung

Collection:: Economics Books

A TYPICAL INVESTMENT TRANSACTION 171 cial “inactive stock” post was provided, with facilities for filing bids and offers similar to the system maintained in the bond market. With inactive stocks, as designated by the Committee of Arrangements, the unit of trading is 10 shares, instead of the 100 share unit employed for active share issues. Complete Publicity of Stock Exchange Transactions.— But not only Jones and Smith are informed of their transac- tions in Steel; everyone in the country from Duluth to New Orleans, or from Portland, Maine, to Portland, Oregon, who is in any way interested in the market value of this stock, whether because he is a stockholder or only thinking of becoming a stockholder in the U. S. Steel Corporation, or because of the economic conditions in industry and trade which the price of its shares may reflect or even forecast, can gain almost instant information of the transaction in which Jones and Smith have figured, as well as every similar transaction that takes place that day and every other day on the Stock Exchange. The ticker service is of especial value to banks and other financial institutions. The uncanny swiftness and accuracy of the American stock ticker system invariably astonishes foreign visitors to America. Indeed, as eminent an economist as Paul Leroy-Beaulieu has strongly urged its adoption by the Paris Bourse.?* It is safe to say that there is no other market in the world whose trans- actions are given as complete, as immediate, and as reliable publicity, as those of the New York Stock Exchange. Quotation System.—In addition to the ticker system above mentioned, which reports transactions actually concluded upon the floor, the Exchange in 1928 also established another system for reporting current bids and offers for securities from the floor to its members’ offices. In order not to render the exam- ple of the sale of 100 Steel too complicated, consideration of this system was omitted from the transaction. © pee Chapter XI p. 293,

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