The work of the Stock Exchange

Bibliographic data

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 XV. The commission house

Collection:: Economics Books

CHAPTER XV THE COMMISSION HOUSE Importance of the Commission House.—The head offices of New York Stock Exchange stock brokerage firms are for the most part confined to the Wall Street district, although a considerable number of firms are located entirely outside of New York City. But owing to the establishment of a huge network of private wires reaching out from the commission houses of Wall Street to their branch offices and correspond- ents in all parts of America® Stock Exchange brokerage offices are now to be found all over the nation. The Stock Exchange of today is a national market, meeting national needs and avail- able for instant service to Americans over our whole vast national area. Since it is through the commission houses, whether their head offices in Wall Street or their branch or correspondents’ offices scattered from upper Manhattan to California, that orders from the American investing and speculating public are relayed to the Stock Exchange floor, the commission broker’s office is an integral and extremely important part of the whole Exchange system. Indeed, much of the most difficult and necessary work of marketing listed securities is done in the hundreds of commission houses all over America, and even abroad. We must therefore give some time and attention to the problems, the methods, and the typical activities of the com- mission house, if we are to gain an adequate conception of the work and true significance of the Stock Exchange. Almost everyone has seen the outside of a commission ' See Chapter II, Figure 2.

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