| Show STOCK ESCHA SEATS points of vantage where millions are ara made and lost while you walt wait in keeping with tho the recent remarkable rise also in stock prices in this country t ry is tho the rapid advance in rates at which now new york stock exchange seats aro are selling tho the membership of the iho Ex exchange chango la is strictly limited to 11 1100 0 0 and seats aro arc therefore objects of oi ardent a dent desire on OIL the part of many hundreds of market OP operators Orators to whom a membership would bo be materially valuable A month ago a seat sold for a record price A few d days ays ago membership rights were sold for and ono one seat scat was bought at the unprecedented price of it is believed that if there Is another transaction of this character soon eoon the price will reach or somewhat anore than 50 per cent greater than the rate at which seats boats were sold two years ago in 1972 stock exchange seats sold tor for and this was regarded as high I 1 an idea of tho the reason why wall street operators are anxious to obtain the right to transact their business on tho the floor of tile tho exchange la Is gained from tile tho fact that the stock transactions nowadays average close upon shares a day if every member of tho exchange chango Ex were active and it if the business were vero evenly dl bided vided such a dally daily business would give to each member a commission upon about shares amounting to a yearly income of this Is of course entirely apart from individual operations and profits these stock exchange seats are regarded as assets there has been in the past somo soma trading in them for the sake ot of tho the profits gained by the rise in the rate but tho the tendency was discouraged cou raged by a rigid enforcement of the rulo rule that the purchaser must bo be acceptable cep table to the go governors of tho the exchange men now sell their seats only for urgent reason such as failure ot of health or removal to other fields in tho the latter case tho the new york seat Is Ilo bably more profitably turned into int 0 cash at tho the high rates now prevailing than chanto to bo be hold held for future use when a member of tho the exchange dies his executors sell his bis seat for the highest rata ra ta tho the bidding Is ia often 1 tn r luJ and some of the most striking advances lu in tho the record prices have been scored in this way |
