The Boston Stock Exchange

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Monograph

Identifikator:: 1847184839

URN:: urn:nbn:de:zbw-retromon-240916

Document type:: Monograph

Title:: The Boston Stock Exchange

Edition:: Priv. print

Place of publication:: Boston

Publisher:: Privately printed

Year of publication:: 1930

Scope:: 32 Seiten; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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50 Fe o 3 j eX > 0 NY A m th » Cr N r~ —t 0 - sy = = f = a oO “ o FY oO NY - — o} 0 g and one about two in the afternoon, although the second oard was sometimes omitted. It was not until 1885 that seats n the Boston Stock Exchange were abolished and continuous -aily sessions from 10 A.M. to 3 P.M. were instituted. While 1e time for opening the “Boards” was fixed, the termination as uncertain, sessions running until the transaction of all busi- :ss had been finished, so that in busy times the first session n almost up to the opening of the second. Prior to 1885, the President of the Exchange opened each ssion and, taking up each stock in which trading was per- itted, “called” each stock in turn. Upon the call of a stock, members having orders in it would state their position d endeavor to effect transactions. When all had been ac- :mplished, the President would then proceed to call the next >ck, and so on through the entire list. At stated intervals, all isiness would be halted until the Secretary of the Exchange, 10 kept a record of them, would read over the list of com- sted transactions up to that time for verification. In the event any dispute, business was again suspended until the Presi- ft, upon a vote of the members present, could decide upon 2 rights of the matter. Transactions originally were private and it was not for a dec- e after its founding that the Stock Exchange gave to the press quotations. ‘The continuity in the membership of the Exchange has been e of the features of its history. Although within four years its centenary, the men who have at any time been members brein have scarcely exceeded eight hundred and fifty, and the hs of two of the founders are active members at present. [157 > - | Q rn > 3 bl AM ™ = w > mom 9] © on ~

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