The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1907-10-31

He tmpGTti0lly distributed the FIRMS tele-
phoned buying or selling orders.
bought 500 shares of it at 1O4 wishes
to corral his. profits. He gives an
order to the firm to sell the stock, let
us say "at the market"-that is, at the
ruling market price. Tracy & Middle
ton Immediately telephone over their
private line to the stock exchange to
their board member to sell 500 shares
of International Pipe at the market
The telephone boy receives the mes
sage and puts up" Mr.. Middleton's
number, which means that on the
multicolored, checkered strip on the
frieze OF the New street wall Mr.. Mid
dleton's number, GIL. appears by
means of an electrical device. The mo-
ment Mr.. Middleton e that his num-
Der is up" he hastens to the telephone
booth to ascertain what is wanted
Now, If Mr.. Middleton delays in an
swering his number the telephone boy
knows he is absent and gives the or
der to a two dollar" broker, like Mr.
Browning or Mr.. Watson, who always
hover about the booths looking for or
ders. He does the same If he knows
that Mr.. Middleton is very busy IKE
cutting some other order or If in his
judgment the order calls for immediate
execution. The two dollar broker sells
the 500 shares of International Pipe to
Allen & Smith and gives up Tracy &
Middleton on the transaction-that IS.
he notifies the purchaser that he is
acting for T. & NJ, and Allen & Smith
must look to the latter firm, the real
sellers, for the stock bought. For this
service the broker employed by Tracy
& Middleton receives the sum of 50 for
each hundred shares, while Tracy &
Middleton of course charge their Gus
toner the regular commission of one
eighth of 1 per cent, or $3.50. per each
hundred shares.
Young Hayward attended to his
business closely, and when Mr.. Mid
dleton was absent from the DOR or
busy he impartiaIly distributed the
firms telephoned buying or selling or
ders among the two dollar brokers, for
Tracy & Middleton did a very good
commission business indeed He was
q nice looking and nice acting little
chap, vas Hayward-clean faced, po-
lite and amiable. The brokers liked
him. and they remembered" him at
Christmas. The best memory was
POSSESSED by Joe Jacobs. who gave
him S25, and insinuatei that he would
like 10 do more of Tracy & Middle
tons business han he had been doing.
But" said Sally, 1.-The firm said 1
was to give the order to whichever
broker / found first"
SWELL. aid Jacobs oleaginousiy. Il
am never too busy TO take orders from
such a nice young fellow as yourself
if you take the trouble TO find me,
and I'll do something nice for you.
Look here in a whisper. .if you give
me plenty of business I'll give you 81
a week" And he dived into the mob
that was yelling itself hoarse about the
Natural Gas post.
Hayward's first impulse was to tell
his firm about 1t, because he felt
vaguely that Jacobs would not have
offered him So a week if he had not
expected something d~ishonorable in re-
turn. Before the market closed, how
ever, he spoke to Willie Simpson. Mac
Dun & WfIkinson's boy. whose teIe-
phone was next TO Tracy & Middle
tons. Sure enough. While expressed
great indignation at Jacobs action.
tits just like that old skunk said
Willie. Five dollars n week when he
can make 500 out or the arm. Don't
you do II. sally. why Jim Burr. who