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APPENDIX 
intervene in such transaction, or for the purpose of making a contract in 
his own interest at a different price.” 
ORDERS 
Members should not use messengers or the tubes to tramsmit important 
orders and cancellations of orders, but should avail themselves of the 
service of a broker. This will obviate error and delay. 
Orders for stocks must be sent to the floor promptly, on blanks of the 
size and style fixed by the Committee of Arrangements, and must be dated 
and written clearly, especially as to tape abbreviations and prices; amounts 
must not be written in Roman numerals, 
In order to retain precedence, G. T. C. orders to specialists must be 
confirmed at the end of the month with the specialists. Orders not so 
confirmed will automatically be cancelled. 
Cancellation. Where members cancel open orders which have been 
given to specialists the fact that an open order is being cancelled should 
be indicated so that specialists with both open and day orders will know 
which order is being cancelled. 
Reduction of Orders. On the day a stock sells “Ex-Dividend,” the 
following kinds of orders should be reduced by the amount of the dividend: 
I. Open buying orders; 2. Open stop orders to sell. 
Not to be reduced. 1. Open stop orders to buy; 2. Open selling orders. 
With reference to orders in stocks selling ex-dividend on the first busi- 
ness day of a month, the Committee of Arrangements has ruled that: 
“Orders sent to a specialist prior to the close on the last day of the 
month should be handled the same as any other orders received during the 
month. Open buying orders and open stop orders to sell, received by a 
specialist after the close on the last business day of the month or before 
the opening on the first business day of the following month, should be 
reduced by him as stated above if such orders are a confirmation or con- 
tinuance of old orders; but if said orders are new orders the amount of 
the dividend should not be deducted by the specialist, the responsibility for 
their accuracy resting upon the member or firm giving said orders, and not 
upon the specialist.” 
An order received by mail on the day a stock sells “ex,” but before the 
. : . oo 
opening, should be reduced by the member or firm receiving the same by 
the amount of the dividend. 
“At the Opening” or “At the Opening Only.” Such an order shall be 
construed to mean at the opening in that particular stock. 
Member temporarily representing another member or specialist. The 
responsibility of a member who is in charge of a specialist's book or of an 
order from another rhember, toward such book or order during such time 
and for the balance of that day, is the same as that of such specialist or 
other member. (Chapter XI of Rules.) The foregoing also applies to 
specialists who are working in conjunction on the same books. 
Confirmations. Commission houses are requested to inform their repre- 
sentatives that they should promptly comply with requests from specialists 
to confirm trades and that it is their duty to make sufficient inquiry into 
the condition of the market to fully determine the fairness of the price.