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.

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VI. A typical investment transaction

Collection:: Economics Books

[68 THE WORK OF THE STOCK EXCHANGE for just the right moment to buy the stock. He reports the purchase to his telephone clerk on a slip shown in Figure 11. Machinery of the Ticker System.—Meanwhile, the exten- sive and efficient machinery by which the daily transactions on the floor of the Stock Exchange are made public has not been idle. When Wilkins cries “Take it” to Jenkins’ offer of stock at the Steel post, a quotation reporter at once notes the sale, the amount of stock sold, and the selling price. These re- BUY Joo [els (50 Jr WILKINS & CO. YY 15 Figure 10. Floor “Buy Slip” ‘BOT + | SOLD 100 AX /50 Uorekoirs S45 WILKINS & CO. Figure 11. Floor Purchase Report Slip Recording the purchase by Wil- kins & Co. of 100 Steel at 150 from Jenkins & Co. porters, who are employees of the New York Quotation Com- pany (a corporate subsidiary of the New York Stock Ex- change), are stationed all over the Exchange floor, and make quotation-reporting their exclusive business. On the trading floor are several stations from which quota- tions are printed on the tape. The instrument used for this purpose has a key-board like a typewriter, and in a sense the operator seated before it is a typist. For no human agency, but only electricity, intervenes from the time he presses down a kev and the time when the corresponding letter or figure is

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