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.