Pleasant Grove Review | 1930-02-08 | Page 8 | Dealings in Stocks

Dealings in Stocks A stock exchange, as generally understood, un-derstood, need not, necessarily, be a building where securities are bought and sold, but any place, even in the open air, as, for instance, "curb" stock exchanges. Securities which are not upon the large stock exchanges, or new securities, which have not, as yet, been listed upon such exchanges, are handled in what is known as the curb market. The reason nowadays for the existence of curb markets in the open rather than in some building is that, if the latter plan were pursued, there would exist another exchange and it would not be permissible for a member mem-ber of the regular exchange of the city to be represented thereon, as he frequently now is on the curb.