The Wonder Book of Knowledge: The Marvels of Modern Industry and Invention, the Interesting Stories of Common Things, the Mysterious Processes of Nature Simply Explained
History
The Wonder Book of Knowledge: The Marvels of Modern Industry and Invention, the Interesting Stories of Common Things, the Mysterious Processes of Nature Simply Explained
Industrial arts -- History
Fall seeding of cereals, wherever the conditions will permit, is
preferable to spring seeding, and it is important to retain the snow
upon the land, especially in sections where it forms the chief part of
the total precipitation. The snowfall may be retained by leaving the
ground rough after the late fall plowing, by throwing up borders across
the field at right angles with the prevailing winds, or by planting
hedge rows or shrubbery across the field at short intervals. Usually
less seed should be planted per acre under dry-farming conditions than
is used in humid sections. The less precipitation, the smaller should be
the amount of seed planted.
What is a “Drying Machine” Like?
This is a machine used in bleaching, dyeing and laundry establishments,
consisting of two concentric drums or cylinders, one within the other,
open at the top, and having the inner cylinder perforated at its side
with numerous small holes. The goods to be dried are placed within the
inner cylinder, and the machine is then made to rotate with great
velocity, when, by the action of centrifugal force, the water escapes
through the holes in the side.
[Illustration: _Copyright by Brown Bros._
NEW YORK STOCK EXCHANGE
This is the only photograph ever made of the interior of the New York
Stock Exchange, the financial heart of the country. Each stock listed is
allotted to one of the posts seen on the floor, which, during a panic,
become the scene of the wildest excitement. The exchange is connected by
private telegraph wires and “ticker” wires with every important
financial center.]
How does the New York Stock Exchange Operate?
The New York Stock Exchange is typical of most American stock exchanges,
the leading ones of which are located in Boston, Pittsburgh,
Philadelphia, Chicago, Baltimore, Cleveland, Cincinnati, New Orleans,
Salt Lake City, Denver, San Francisco and St. Louis. American stock
exchanges differ somewhat in their operation from the foreign stock
exchanges, the principal ones of which are those of London, Paris,
Berlin, Amsterdam, Antwerp, Brussels, Vienna and Petrograd.
A stock exchange is really an organization of professional brokers,
which conducts speculation and investment in securities, the paper
representatives of transportation, industrial, mining, commercial and
other properties. On the American stock exchanges one broker may
specialize in the shares of the Union Pacific Railroad, for instance,
another in those of the United States Steel Corporation, and so on. Some
brokers deal particularly in “odd lots”--blocks of less than one hundred
shares--and some members, called “room traders,” speculate entirely for
their own account and do no commission business for customers. The
commission charged for buying or selling is twelve and a half cents a
share, so that on the usual order of one hundred shares, the broker
receives twelve dollars and a half.
Public-domain text, read in full here on John Shaqi.
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