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

410 THE WORK OF THE STOCK EXCHANGE brokerage office, whether in the lofty cliff dwellings of the Wall Street district, or elsewhere in the United States. In the bank- ing section of even small American cities one can almost invari- ably discover a brokerage office, built sometimes of cut stone like a small bank, or, if less ostentatious, with its green silk window curtains, and its stereotyped legend in gold letters, Jenkins & Co. Members of the New York Stock Exchange Not so many people, however, are equally familiar with the detailed methods by which business is transacted there. All commission houses are partnerships, at least one of whose partners is a member of the New York Stock Exchange. Corporations are not permitted to own a seat there? But a considerable difference, of course, exists between the various commission houses in the scope and variety of the service they render the public. There are also fundamental differences be- tween the main office and its branch or correspondents’ offices beyond the Wall Street area. In order that we may see as much as possible of the brokerage house machinery, we will elect to visit the main office of a fairly large commission house located at soo Wall Street. Appearance of a Typical Commission Office.—As we enter the outer door we gnay see several windows marked “Cashier,” “Telegrams,” and “Deliveries.” But since we are neither messenger boys nor stock runners, we enter the cus- tomers’ room. The first item of furniture which usually strikes our eye is the large quotation board on the wall, although some firms do not employ one. Some brokerage offices still prefer the older type of quotation board, which consists simply of a large black- board upon which current prices are chalked, while others favor the oak or mahogany board with cardboard tickets. This latter type of board is equipped with horizontal ledges in which 2 See Appendix XVlIa.

Access restriction

Copyright

fullscreen: The work of the Stock Exchange

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation