New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-02-18
THE WAR ON BUCKET-SHOPS
~,rnruER CONSIDERATION OF THE
QUOTATION QUESTION.
40 nrc1s,oS YET REACHED BY THE GOVERNORS
or THE STOCK EXcHANGE-WhAr

,,-c,s,ox VET REACHED BY THE GOVERNORS
or THE STOCK EXcHANGE-wHAr
THEY MAY DO.
, for the determination OF the
.shops were again under consdera',o" az "
ouche ,,r yesterday afternoon Of the Gov
- C,omr,ittee of the New-York S'ocn ~
nn.ryc The discussion was lons o.e' WI,
anal decision in the matter was ho. a tho
nresent contracts between the EXcha"eo 90 "a
ticker companies do not expire uh'n '""' ro,
no,,ce 81 an intention rot to renew them ooeS ~.
o''~ ;,.o, until March 90 there is pieh'!
80 ,,,,. 4, which TO dispose OF the question: |s .
lrown the New-York Quotation 'o"p"''' ,,.
Z. controlled by the Exchange. supp''cS ~. 4
20 members Of the Exchange. whhe 'ne ~ 49,,
stock Telegraph Company. which Is o"heu W W.
Western Union Telegraph toWpaH!'
,aiions to the general pubhc CT,
=. =, soid ,o no practically settled that the "o'
IA STOCK Company will be cut of al'oGeIne,. -
new contract will probably be mace VII" Wv,
York Quotation Company. whereby II W." .no
tinuo 70 furnish quotations TO members Vi
Ircpanpe ONLY At present the TRANSACTIONS ""
the Exchange In detail are issued on prih'e" s"'
! go, zines n day The first sheet contains saies
~, ~ 70 o'clock noon. the second up TO anu NV
third up to 3, when the Exchange cio
SATURDAY. when the Exchange closes al - -.
q single sheet is issued. Anybody may -,.s
for these sheets. 1t may be that TINS P'''''
NAV be cut down 10 a single sheet at the emu Vi
tho dav containing the full days business
There il a proposition that the oinoes % ,'
. members OF the Exchange SHAH not DE suP'''N
continuous ticket quotations, or j" o'' W, ora
with the record OF the sales as fas' d. NV ~
,rade but instead with the range or quotations. "''
the total OF sales each fifteen or 'hrN
This plan for a slow ticker does ho' HeO 49,,
-.,i Tho hrokers say IL would not be satis-
s.o,orv IN their customers and. besides, II "ou"
AFFORD 10 operators on the floor OF the ENc""e' w
rnuch OF an advantage over operators !"
brokers' Offices. For another thihs Il o ,ra
should find dsloyal member OF 'he 30,
who would furnish 10 them Quo'a''o -,
came out on his ticker and also reports OF 'a"'"
49,. ~ ,h rxchancc in the interim. they would
have great opportunities TO cheat the pcUp ,o,J
risked money with them. Iheir cue.o - h',cket
nave access 10 only such a Tbe bucket shops
would he in a position 10 steal every uoii"' W
customers deposed with ,hem quotations are
ro,eived bv and posted on the blackpoaru U, IT,, .
Consolidated Stock and Petroleum eNSidatsd mem
s aie. IA rbe Network Stock Exchange desires 20
deprive the Consolidated Exchange as Wen IA t I'D
"So, e l. supplied by the Gold and stock Iee.
ersnh Company. The Gold and StoGk S t -
vas ordered bv the New-York Stock EXchan55Jr ~
.asa a,,nnlvipc mutations the Consolidated i-N
cbanee The Consolidated Exchange secured a
permanent injunction to prevent o ,ne There is
;aiS That = the Gold and Stock Company Is cut on
bv the New-York Stock Exchange the , oo' iS
"a ted Exchange will make its own quotatio Hnue
,endent of the other Exchange. and Will enter no
a contract with the Gold ana STOCK DoridpI h ,ocs
their dissemination III place OF the Ne" i ~
The members of the Consolidated Exchange pro
TESS to believe that their EXcnahsT % se the New
York Stock Exchange and the 'Iold ana Sso ~ Cod
graph Company should be terminates anS me Gu
and Stock Company should ally itseh WIN 'he Oo"-
eo1atpd.