The work of the Stock Exchange

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Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter III. The rise of the New York stock exchange

Collection:: Economics Books

78 THE WORK OF THE STOCK EXCHANGE Machinery of the Floor.—Two of the walls of the lofty- ceilinged main Board Room contain enormous windows beneath which the visitors’ galleries run. On the other two walls are the large black annunciator or signal boards upon which white numbers are constantly appearing and disappearing; they syn- chronize with other similar boards in the other trading rooms on the floor. These annunciator boards provide a system for “paging” the members; each member on the floor has his own number, and by flashing it on the various signal boards, his telephone clerk can quickly call him to his telephone from the “crowds” around the posts. On the south wall, below one of the annunciator boards, a small rostrum projects in mid air; it is from here that the opening of the market at 10 A.M. and its closing at 3 p.m. (Saturdays 12 M.) are announced each day by a large brazen gong, and that official announcements are sometimes made to the members of the Exchange. On the floor are also the stations from which quotations printed on the stock tickers are originally dispatched. The floor is pro- vided with tickers for the use of members, and ingenious reflect- ing devices throw the magnified quotations from the tape on large screens visible to everyone. Numerous other mechanical devices—such, for example, as the pneumatic tube system— have also been introduced on the floor to facilitate its opera- tions.1® The New Floor and Bond Room.—The above description of the Exchange floor has been confined to the old Board Room, not only because it is the largest and most traditional trading hall in the Exchange, but also because it is the one which visitors usually see. The smaller trading hall in the extension toward Wall Street, being devoted entirely to shares, very closely resembles the old Board Room, and duplicates its mechanical facilities, such as the stock post, annunciator board, ticker dispatch station, telephone booth, etc. The bond room in the extension toward Exchange Place, although resembling 7 Avpnadic IIIg.

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