226 THE WORK OF THE STOCK EXCHANGE 
become market orders to sell. In consequence of the large 
amount of stock thus thrown on the market for instant sale, a 
violent and sudden drop in the price of the stock may ensue. 
Since such stop orders are almost entirely handled by the spe- 
cialist, the subject is especially germane to this exposition of 
his activities. 
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Fiocure 15. Another Specimen Page of a Specialist’s Book 
For purposes of illustration, let us take another imaginary 
opening, when the problems presented by the execution of stop 
orders are usually most acute and difficult. Figure 15 shows 
the specialist’s book in a very inactive stock just before the 
opening. The considerable number of stop orders to sell from