A cup of refreshment, and the broker hurries again to his office. A
clerk is left in the Street to report any vagrant movements which may
occur in the after-hours markets of mining shares or American Rails, but
the head goes back to attend to the correspondence. Herein lies one
great advantage possessed by the jobber over the broker; the former has
perhaps one letter to write, or possibly two; not often more, unless he
does a large shunting business with the country--taking advantage of
fractional differences of quotation which prevail in the provinces as
compared with London. But the broker finds himself confronted with a
shoal of letters, letters on every subject conceivably connected with
finance, besides a good many that are not. Some of the answers have, of
course, been dictated and written earlier in the day, but a good
proportion cannot be dealt with until the markets are over, and the
movements of the past six hours probably call for written comment to
clients who are interested in the various sections. Moreover, the
movements outside in the Street markets are possibly tending towards the
execution of fresh orders, so that altogether the post can with
difficulty be despatched on the sunny side of five o'clock even in quiet
times, and when business is active the hour may be considerably later.
The chief clerks are quite competent to deal with the finalities of the
correspondence, so that the heads of the firm need rarely stay to the
bitter end. Last of all come the batches of printed price lists, which a
good many brokers are in the habit of circulating amongst their clients.
Some firms not only issue, but print their own lists; at least one
complete set of printing machinery can be seen at work in the basement
of a broker's office.
Public-domain text, read in full here on John Shaqi.
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