[Gutenberg 59042] • The Stock Exchange

THE STOCK EXCHANGE

BY

CHARLES DUGUID

CITY EDITOR OF "THE DAILY MAIL"

AUTHOR OF "THE STORY OF THE STOCK EXCHANGE"

"HOW TO READ THE MONEY ARTICLE"

ETC. ETC.

THIRD EDITION

METHUEN but the real

aim of the book is merely to explain, not to comment. If the book

conveys some idea of the important part the Stock Exchange plays in the

economy of the nation, and of how it plays that part; if it furnishes a

solution of the various mysteries which the routine of the Stock

Exchange presents to many minds, the objects of the little work will

have been attained.

Owing to the continued demand for the book, and to the changes which

have occurred during the decade which has elapsed since it was written,

it is now reprinted in revised form.

C. D.

PARK LODGE,

NEW BARNET, HERTS,

*July, 1913*.

CONTENTS

I. WHAT THE STOCK EXCHANGE IS 1

II. THE MARKET-PLACE 6

III. THE MEMBERS AND THEIR CLERKS 18

IV. THE COMMITTEE 26

V. BROKERS AND JOBBERS 32

VI. HOW BUSINESS IS TRANSACTED 45

VII. THE SETTLEMENT 56

VIII. THE ZOOLOGY OF THE HOUSE 65

IX. OPTION DEALING 72

X. THE WARES OF THE MARKET 84

XI. FAILURES 101

XII. PRICE LISTS AND RECORDS 109

XIII. THE ROYAL COMMISSION'S VIEW 125

XIV. A SKETCH HISTORY 138

XV. A BROKER'S DAY 150

XVI. FROM A SOCIAL POINT OF VIEW 161

INDEX 169