OCR Text |
Show BROKERS IN FAVOR OF CLEARING HOUSE The question of a clearing house for the local exchange is once more being agitated among the brokers and many of the more conservative members of the exchange are in favor of such an institution. It is pointed out that if the brokers are forced to clear the daily transactions there will be less ''short7' selling, for the reason that deliveries de-liveries will have to be made promptly. , This will prevent, it is said, brokers from selling a stock when it is high and delaying delivery until the price ot the stock has been broken to a point where they may buy it at a profit. |