The New York Stock Exchange: a discussion of the business done; its relation to other business, to investment, speculation and gambling; the safeguards provided by the exchange, and the means taken to improve the character of speculationF.E. Fitch, 1919 - 277 páginas |
Términos y frases comunes
agreement amount assets average billions borrowed bought broker bucketshop buyer capital carry cash certificate charge City clear collateral commission Committee corporation coupon coupon bond customer's delivery deposit depositors dishonest dividends earn engaged enterprises fact failure Floor gambling Government holder houses interest investment issue J. P. Morgan judgment kind lend lender liability Liberty Bonds listed securities listed stocks loan loss margin Margin Calls matter means ment merchant moral mortgage odd lot operations paid partner partnership payment persons preferred stock profit proper purchase quotations railroads real estate received reserve risk rules seller shares Short Sale short selling sold stock broker stock speculation stockholders stocks and bonds sumer ticker tion trade transactions transfer undersigned United unlisted usually Wall Street wealth York City York Stock Exchange
Pasajes populares
Página 273 - Where a stock is transferred at the company's office, the transfer agent or transfer clerk shall be appointed by specific authority of the board of directors to countersign certificates, in said capacity, and shall be other than an officer who is authorized to sign certificates of stock. The entire amount of the capital stock of a corporation listed upon the Stock Exchange must be directly transferable at the transfer office of the corporation in the Borough of Manhattan, City of New York. When a...
Página 275 - ... or upon any failure in business or making of an insolvent assignment by the undersigned, then and in either event all liabilities of the undersigned to said bank shall, at the option of said bank, become immediately due and payable, notwithstanding any credit or time allowed to the undersigned by any instrument evidencing any of the said liabilities.
Página 180 - A border and tint plate from which should be made a printing in color underlying important portions of the face printing; (2) A face plate containing the vignettes and descriptive or promissory portion of the document, which should be printed in black or in black mixed with a color. The combined effect of the impression from these plates must be as effectual security as possible against counterfeiting. The printing of securities must be in distinctive colors, to make classes and denominations readily...
Página 277 - In the customer's marginal account, or deposited to protect the same, may be loaned by the broker, or may be pledged by him, either separately or together with other securities, either for the sum due thereon or for a greater sum, all without further notice to the customer; that on all marginal business the right is reserved to close transactions when margins are running out.
Página 14 - It undertakes to prescribe the form and conditions of every corporate security in which it authorizes dealings and its determination is final through its control over the listing of such securities. It reserves the right to exact minutest details of the business and affairs of the issuing corporation, to impose its will in the matter of the procedure by which such corporation shall declare and pay interest and dividends, and in the matter of the transfer agents and registrar, and as regards endless...
Página 233 - security" or "securities" as used in this act shall include every bond, note, debenture, and other obligation and every share of stock or receipt or certificate therefor, and every certificate...
Página 273 - A corporation in which an officer of the issuing corporation is an executive officer. The trustee shall present a certificate accepting the trust and certifying (1) securities are issued under the terms of the mortgage or indenture, giving the numbers and amount certified; (2) collateral is deposited; (3) disposition of prior obligations.
Página 276 - Is guilty of a felony, punishable by a fine of not more than five thousand dollars or by imprisonment for not more than two years, or by both. "Every member of a firm of brokers, who either does, or consents or assents to the doing of any act which by the provisions of this or the last preceding section is made a felony, shall be guilty thereof.
Página 243 - There is a tendency on the part of the public to consider Wall Street and the New York Stock Exchange as one and the same thing. This is an error arising from their location. We have taken pains to ascertain what proportion of the business transacted on the Exchange is furnished by New York city. The only reliable sources of information are the books of the commission houses. An investigation was made of the transactions on the Exchange for a given day, when the sales were...