BROKERS RED JOBBERS.
In 1802 the members of the London Stock Exchange numbered about five hundred.
The growth of business necessitating improved accomodation, the wealthier members of the association provided capital for a new building, and, having done this, the Stock Exchange from the ye a r 1802 consisted of two bodies—proprietors and subscribers.
Every member of the "House" is cithsr a jobber or a broker ; the expression "jobber" being applied to those who are dealers in stocks. Brokers cannot deal with brokers, as this is against etiquette ; all transactions are, therefore, effected between brokers, representing their clients, and jobbers. Brokers are the only individuals engaged on the London Stock Exchange who can possibly act for the general public.
Jobbers are the principals, and it is they who make the quotations or prices, but the prices are regulated by the supply or demand of the particular occasion.—"Magazine of Commerce."
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King Country Chronicle, Volume VI, Issue 487, 31 July 1912, Page 7
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149BROKERS RED JOBBERS. King Country Chronicle, Volume VI, Issue 487, 31 July 1912, Page 7
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