The Project Gutenberg eBook of The Stock Exchange, by Charles Duguid

INDEX

Advertisement by members, 42
- outside brokers, 43
Allotment, dealings before, 98-100
- Royal Commission on, 133, 137
American prices, 156
Apprenticeship of members, 18-19
- Royal Commission on, 127-8
Arbitrage firms, 156
Architecture of the House, 7
Art Society, 164
Athletics, 162-3
Backwardation, 69
Badges for clerks, 25
Banging the market, 71
Bank of England, Stock Exchange in, 43, 142-3
Bankruptcy of members, 102-3
Bank shares, dealing in, 145
Baring crisis, 147
Bar of the house, 9
Battle of Throgmorton Street, 148
Bearer bonds, 88
Bearer securities, settlement in, 61
Bears, 65-71
- definition, 67
- cornered, 71
- covering, 71
- raid, 71
- their effect, 70
Benevolent Fund, 164
Boom, 167

Brokerage, 39-41, 49-50
- Royal Commission on, 132
Brokers, 32-44
- advertising by, 42
- commission. See Brokerage
- duties of, 150-60
- licensing of, 136, 139, 146-7
- list of, 43
- outside, 43-4, 121
- price lists of, 119
- underwriting by, 41-2
- and jobbers, disputes between, 36-7
- firms acting as both, 37
Bucket shops, 121
Bulls, 65-71
- campaign, 70
Bulls, definition, 67
- stale, 71
- their effect, 70
"Burdett's Official Intelligence," 146
Business, how it is transacted, 45
- done, record of, 117-18
Buying in, 61
- manager, 30
Capel Court, 6
- Stock Exchange established in, 141-2
Capital, organisation of, 3-4
- of the Stock Exchange, 13

Carry-over, 51
- process of, 67-9
Certification of transfers, 54
Change Alley, Stock Exchange in, 65, 139, 140-2
Charity, 161-2, 164-5
Checking bargains, 48, 151
- room, 8
Christian Association, 164
Clearing house. See Settlement Department
Clerks, 23-5
- provident fund, 164
Closing time, 119, 157
Commission. See Brokerage
Committee, the, 26-31
- election, 26
- meetings, 28
- powers, 27-8
- qualification, 27
- Royal Commission on, 126-7
Companies Acts, 145
- Committee on, 146
Consols, put option on, 73-4
- put and call on, 76-7
- transfer of, 85-7
Consol settlement, 56
Contango day, 57
- rate, 68-9
Continuation. See Carry-over
Contract note, 48-9
Cost of the House, 13
Coupons, 88
Covering by bears, 71
Cumulative preference shares, 93
Debenture stocks, 91-3
Debentures of the Stock Exchange, 14

Defaulter, 60, 101-8, 131
- assistance forbidden to, 101
- declaring a, 102
- and clients, 103-6
- readmission of, 106-8, 131
Deferred ordinary shares, 94-6
Definitions of the Stock Exchange, 1
Differences, speculation for, 50
- payment of, 60
Directory of members, 124
Discount, 115
Dividends paid by the Stock Exchange, 16-17
Drawings of the interior, 8
Dual control of the Stock Exchange, 30
- Royal Commission on, 126
Employees, dealing for, 50-51
Entrance fee for members, 21, 25
- authorised clerks, 23
- unauthorised clerks, 24
Establishment of the Stock Exchange, 141-2
Exchange Telegraph Company, 121-2
Ex dividend, 115-16
- rights, new, all, 117
Expulsion, 28
Failures. See Defaulter
Fixed charge stocks, 92
Foreign Loan Exchange, 142
Foreign Loans Committee, 146
Foreigners, exclusion of, 18
Founders' shares, 96-8
Gambling, speculation, and investment, 130, 165-8
Garraway's Coffee-house, 139
Gorgonzola Hall, 7
Guarantors for new members, 20
Hall of Commerce, 144
Hammering, 102
Hammer price, 103
History: a sketch, 138-49
Holidays, 29, 163
"House Annual, The," 161
"House on Sport, The," 162
Incorporation proposal, 135-7
Inscribed stocks, 85-7
Interior of the House, 7-13
Jobbers, 32-44
- as specialists, 34-5
- abolition question, 129
Jobber's turn, 47
Jonathan's Coffee-house, 140-41
King's visit, 8, 146
Lame Duck, 65, 71
Leeman's Act, 145
Library of financial documents, 123-4
Literature, 161-2
Making a market, 113
- Mr. Justice Wright on, 148
Making a price, 44
Making-up day, 57
- price, 67-8
Managers, the, 14
Markets in the House, 9-12
Marking prices, 48
Members, 18-25
- admission, 20-21
- apprenticeship as clerks, 18-19, 25
- directory of, 124
Membership restrictions, 18-19, 22
Mining Contango day, 57
Name day, 51, 57
National Debt, 138
New House, the, 146
Official Assignees, 102, 104, 106
"Official Intelligence," 123
"Official Intelligence," predecessors, 146
Official List, 29, 109-10
- growth, 5
- magnitude, 34
- marking prices for, 48
- quotation in, 110-15
- Royal Commission on, 133-5, 137
Options, 72-83
- call, 72, 74
- day-to-day, 79
- effect on the market of, 83
- operating on, 80-83
- prices for, 77-9
- put, 72-4
- put and call, 73, 75-7
Orchestral and Choral Society, 164
Ordinary shares, 94
Overend-Gurney crash, 145
Panics, 144
Par, 115
Partnership prohibition, 33
Photographs of the interior, 8
Play in the House, 163
Population of the House, 18
Practical jokes, 163
Preference shares, 94
Preferred ordinary shares, 94-6
Premium, 115

Prices, double, 45-6
- marking, 48
- wide, 46-7
Price lists and records, 109-24
- brokers', 120
Proprietors, the, 13
Prospectuses, 112-15
Provident Fund, 164
Public admission question, 131-2
Quotations. See Prices
"Railway Intelligence," 146
Railway mania, 144
Registered securities, 87
Rigging the market, 70
Royal Commission, 125-37
Royal Exchange as the Stock Exchange, 138
Rules, 27-8, 142
Scrip, 100
- settlement in, 62
Secretary of the Stock Exchange, 15
Secretary to the Committee, 30
Selling out, 51-2, 61
Settlement, the, 56-64
- office work of the, 159-60
- special, 62, 98

Settlement department, 58-60
- establishment of, 145
- manager, 30
- Royal Commission on, 129
Settling room, 8
- clerks, 24
Share, definition of, 1-2, 84
- certificate, 53-5
Share and loan department, 54
- manager, 30
- removal, 149
Shares of the Stock Exchange, 16
Shorter's Court, 119-20
Situation of the house, 6-7
Slump, 167
South Sea House as the Stock Exchange, 139
Speculative business restrictions, 50-51
- made illegal, 140
Sport, 162
Stags, 66-7
Stamp duties, 49
Stock, definition of, 1-2, 84
- certificate, 53-5
- inscribed, 85-7
Strangers in the House, 8
Street markets, 119-20
- battle of the, 148
Subscription for members, 21-5
- authorised clerks, 23
- unauthorised clerks, 24
Superintendent, general, 15
Talons, 88
Tape prices, 12, 121-2
Telephone, use of the, 154-5
Tickets, 51-2, 57-9
- for inscribed stocks, 86
Ticket day, 51, 57
Transfer, 52-5
- of Consols, 85-7
Transvaal War Fund, 165
- Refugees' Fund, 165
Trustees and Managers, the, 14
Trustee stocks, 89
Turn, jobber's, 47
Underwriting of capital, 41-2
Vendors' shares, 98
Waiters, 12, 102
Wares of the Stock Exchange, 84-100
"Weekly Official Intelligence," 122
Wide quotations, 46-7, 118
x d, 115-16

Transcriber's Notes:

Missing or obscured punctuation was corrected.

Typographical errors were silently corrected.