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

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H60 APPENDIX o'clock A.M. on half-holidays) unless otherwise directed by the Committee on Securities. 255. Contracts in rights may be enforced in the same manner as contracts in listed securities can be enforced under the provisions of Chapter IV of the rules adopted by the Governing Committee, except that on the final subscription date notice of intention to close a contract and the order to the Secretary to make such closing shall be delivered at or before 1:00 o'clock P.M. (10:30 o'clock A.M. on half-holidays) but such contracts shall not be closed before 1:05 o’clock P.M. (11.05 o'clock A.M. on half-holidays). 256. Except as herein otherwise provided, the rules for delivery of Certificates of Stock, where applicable, must be complied with in respect to warrants for rights. 257. The unit of trading in rights shall be 100 rights, except as other- wise directed by the Committee on Securities in any particular case. 258. Warrants delivered in settlement of contracts in rights shall be for the exact amount of the trading unit, or for lesser amounts aggregating the trading unit, unless otherwise agreed. 259. A contract for less than one trading unit shall be settled by delivery of a warrant for the exact amount contracted for or warrants for lesser amounts, aggregating the amount of the contract. 260. A warrant with an assignment executed by a Married Woman, Widow, or Unmarried Woman, is a delivery without notarial acknowl- edgment. 261. A warrant with an assignment executed by a trustee, guardian, executor, administrator, assignee, receiver in bankruptcy, or for a corpora- ‘ion, is not a delivery unless passed by the Committee on Securities. 262. A warrant with an assignment executed by a deceased person, infant, agent, attorney or a firm that has ceased to exist is not a delivery, except as provided in Rule 35. 263. Rights to Subscribe represented by warrants issued with or attached to listed securities, when admitted to dealings upon the Exchange by the Committee on Securities shall be dealt in as prescribed hy the Committee in each particular case. (XVIf) The following excerpts from Chapter IV of the Stock Exchange Constitution and Rules bear especiallv on closing of defaulted contracts: SEC. 2. A contract in listed securities which has not been fulfilled accord- ing to the terms thereof may be officially closed by the Secretary, or by a member of the Committee of Arrangements, or by a person designated by the Committee of Arrangements, as provided in these rules. The order to close such contract shall be delivered to the Secretary and the notice of intention to make such a closing must be delivered at the registered address of the member or firm in default; the order to close and the notice of intention to close shall be delivered at or before 2:30 P.M. on any day, but such contract shall not be closed before 2:35 s'clock pou. These regulations are supplemented by Clearing Corporation Bv-laws and Rules. Rule 32 on the Stock

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