Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1901-12-21
STOCK
EXCHANGES.
Akron Directly Con-
nected With Them.
A Clearing House For Stock.
Owned In Akron.

Owned In Akron.
1t is something of an innovation for
Akron to have the advantage Of direct
communication by wire with the trade
centers of the country, and the facili-
ties for trading in investment securi-
ties. which the office, recently opened
in this city by Lamprecht Brothers &
Co., of Cleveland, now affords. AL
though here but short time, the
business thus far established, made
an enlargement of their quarters nec-
essary, and they have therefore moved
into rooms 216 and 21S Hamilton
building, where they have fitted up a
suite of offices with an equipment
which will give'a service equal to that
of any Office in the State. Private
wires connect with the Cleveland Of
fee, which in turn is in connection
by its own wires with New York, Bos-
ton, Chicago and the South.
Wire service of this kind Is very
expensive and costs in the neighbor-
hood of 100000 yearly to maintain it,
Mr.. W. II. Lamprecht is a member
of the New York Stock Exchange, and
Mr.. G. o. Lemprecht is a member of
the Chicago Stock Exchange, in ad-
dition to having seats on the Chicago
Board of Trade, and the Cleveland
and Detroit Stock Exchanges.
A membership on the, New York
Stock Exchange-iust isold-brought
$4,000. This will give an idea of the
expense required to conduct such
business.
Messrs. Ladenburg, .Thalmann &
Company, sternberger, Fuld & Sim,
and Laidlaw & Co., are the New York
correspondents, while they are repre-
sented in Chicago by Messrs. Logan
& Bryan, and A. o. Slaughter & Co,
The banking house of Lamprecht
Brothers & Co., was established in
Cleveland over twenty years ago by
Mr.. w. II. Lamprecht, its present
head, and has grown to be probably
: the largest and strongest between
+ New York and Chicago.
c In addition TO having general super.
s vision of the house which bears his
: name, Mr.. w. II. Lamprecht is pres
!. ident of the Cleveland s. Southern
t Railway Co., the Miami & Erie Cana
IS Transportation Co., the Washington
IS & Annapolis Electric Railway Co.
s. the Conneaut Water Co., and directo
p of the Colonial National bank, Fedora
e Trust Co., the CaXton Savings ant
Banking Co., the Southern Ohio Trac
\. tion Co., Cleveland and Eastern Rail
way Co., and the National Refining
III Co.
=" An immense business In municipa
W. and corporation bonds Is transacte,
~ and among some of the sales negotlat
~ ed during the past year of interest t
- Akron people, were $1050,000, South
erp Ohio Traction Co.'S SIS, $2,l00
-. 00W Northern Ohio Traction Co.'s s.
{, and $1,700,000 Elgin, Aurora and Soutl
!, ern Traction Co.'S 5's.
A. Mr. q. o. Lamprecht. junior membe
-. and secretary and treasurer Of Ian
- precht Brothers & Co., is at the hea
10 Of the Stock department of the firm
9 The Akron office Is in charge of NJ
No Claire App, for number of years col
., nected with the h. II. Goodrich CO
or the last two as manager of their Bo
IN ton office.
bc 1t is Mr.. Apps intention to pay esp
NJ. cial attention to stocks and bonds of
local nature, in which Akron peop
are most interested, and he will e.
is. deavor to create more active mark
nm for them.
IN A large amount of Cereal, Mate
yo Street Railway and Telephone secur
mt ties is held In the city and by bringil
rs the purchaser and seller together
he hopes to make the Akron Office SO
ey Of a clearing house.
Oh