THE

Law and Customs

OF THE

STOCK EXCHANGE.

THE

Law and Customs

OF THE

STOCK EXCHANGE,

WITH

AN APPENDIX

CONTAINING THE

RULES AND REGULATIONS AUTHORIZED BY THE COMMITTEE
FOR THE CONDUCT OF BUSINESS,

BY

RUDOLPH E. MELSHEIMER,

Inner Temple, Barrister-at-Law,

AND

WALTER LAURENCE,

Late of the Stock Exchange.

Second Edition

BY

RUDOLPH E. MELSHEIMER,

Of the Inner Temple,

AND

SAMUEL GARDNER,
Of the Stock Exchange.

LONDON:

HENRY SWEET, 3, CHANCERY LANE,

Law Publisher.

PRINTED BY C. F. ROWORTH, GREAT NEW STREET, FETTER LANE, E.C.

LATE BREAM'S BUILDINGS, CHANCERY LANE.

PREFACE

TO THE SECOND EDITION.

SINCE the First Edition of this work was published, the lamented death of Mr. WALTER LAURENCE has caused a change in the editorship. His place has been filled by his friend and partner, Mr. SAMUEL GARDNER, and the original text has undergone considerable amendment and enlargement.

The scope of the work is still confined to a description of the various steps in the transaction by means of which an order given by a principal to his broker is carried out on the Stock Exchange, and a discussion of the legal relationship of the parties at each stage of this transaction. It has not seemed desirable to go further, or to enter upon any questions as to the subsequent rights of the parties as bondholders or owners of shares in companies, because this has already formed the subject of treatises by the able authors of the Law