| Show THE STOCK EXCHANGE by CHARLES R GAY officer new york stock exchange THERE HERE is a widest widespread read mis Tander JL understanding standing of the exchange what it really is it does not buy or sell securities it does not dictate prices it Is simply a market a meeting place where members gather to transact busi business bess in securities it Is not a private club it Is a national institution oiling filling a national need of first importance to it come the orders of those who wish to turn cash into earning power or securities into cash and the prices registered on our tickers are a composite of the hopes and fears and necessities of the worlds security holders it Is a great liquid market responsive to the needs of a great nation it exists because it tills a vital need and because it Is equipped to render service |
