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The Value of Money

Note 272 — Chapter XIII

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Boston Transcript, "Tape Record of Sales Incomplete," May 6, 1916, Pt. I, p. 12. The Transcript quotes as authority the New York Commercial. Following the extraordinary market of Sept. 25, 1916, when the ticker recorded 2,317,000 shares sold on the New York Stock Exchange, the newspapers estimated that missed sales, odd lots, and unrecorded sales on stop loss orders, would bring the total above 3,000,000 shares. There was an unusual number of stop orders caught that day. There will be very few other sales of 100 shares missed by the ticker, except in times of extraordinary pressure. See Boston Herald, Sept. 26, 1916, p. 1.

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