Excerpt from The Put and-Call Ou the second day of the settlement or Ticket day the names and addresses of the persons for whom brokers have bought registered stock are given to the sellers on what is called a ticket. This ticket also bears the name of the member paying for the stock and the price at Which the transaction is done, or at which the transfer is to be made out, and it is passed from hand to hand until it reaches the ultimate seller, who saves the intermediate dealers the trouble of handling the stock by delivering both stock and ticket to the original issuer of the latter. Oh the third day (the settling day or account day) all stock passes and is paid for, and differences upon the accounts are settled by means of cheques drawn oi clearing bankers. Consols have a settlement for themselves at or near the commencement of each month. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.