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.

APPENDIX 547 listed stock issue which may artificially increase its total number of listed shares without similarly increasing its aggregate market value, it has been necessary to “correct” this inclusive share index so that it may not minimize the average price appreciation which it may show. The total number of issues listed on the New York Stock Exchange, at five-year periods since 19Qoo, are given in the following tables: U. s. U. S., State, Foreign Utility & Year Government County. & City Government Railroad Industrial Total 1900. . 795 1905. . 907 1910. . 023 191§.. nab 1920. . 1925. . 1930. . Listep BoND ISSUES ~~ [.1STED SHAR - Ly Year Banl:« Friggt C “Austria laneo: 1900. . . 1905. ...... 1910..... 1915...... 1920.... 1925. ....... 1020 “al 362 371 426 516 682 026 1,293 (IIIe) The stock posts on the floor of the Exchange have them- selves been subject to a process of evolution, particularly in the past decade. Until 1929 they were posts of substantial size and height, with a number at the top, price-recording dials and price sheets on the sides, and a circular seat at the base for specialists and other members; a tube station was attached to each post. The rapid increase in share listings and dealings during 1925-28 rendered desirable some system for segregating the markets for particular share issues which would be more economical of floor space. The Committee of Arrangements devised the present new stvle of stock post, each of which can accommodate over 100 different stock issues, as against only about 25 for the former posts. The 20 old posts were accordingly replaced in 1928-29 by 12 of the new posts on the main Exchange floor. The new type of trading post is U-shaped, and permits about twelve clerks to be stationed inside. This allows Exchange members, and particularly specialists, to enjoy telephone communication and clerical assistance immediately at the stock posts—most useful facilities pre-

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