THE FLOOR TRADER AND THE SPECIALIST 215 
$2.50 out of the $25 he receives from the customer for exe- 
cuting the order. After watching Sugar sell at 101, 10034, 
10073, and 100Y%%, Jenkins sees his number appear on the 
annunciator board, and knows he is wanted at his phone. On 
the other hand, he does not dare take the order with him, while 
the stock is breaking toward par lest he miss his market. 
Hence, he gives the order to the specialist in American Sugar. 
BUY 
MONTH 
Joo B¥ 0 
// 5 
BUY 
LINKIN 
Joo Br 
— 
yg wu’ 
JENKINS & CO. 
Rooth XX 
ar 
Figure 12a. Buy Slip for a 
“Give-Out” Order 
Employed when one member in- 
structs another member to execute an 
order in his behalf. 
Tiour 
110711 
Showing confirmation signed 
specialist. William Brown. 
Even while he is at his phone getting another order, the spe- 
cialist may have executed the order in Sugar. If so, the spe- 
cialist makes out a report of the purchase and sends it back to 
Jenkins’ telephone clerk through the tube system. 
Method of Operating.—Let us look for a moment at the 
physical condition surrounding the work of the specialist. All 
day long he stands beside a single post on the floor. Around 
him gather the crowds in the particular stocks in which he 
deals, composed of eager commission brokers, two-dollar 
brokers, busy odd-lot dealers, and swift floor traders. In a 
18 See Chapter VI. p. 166.