Guest
New York Stock Exchange in the . B/w footage is actual filming of the stock exchange floor interspersed with colour reconstruction and demonstrations of how the stock exchange works. Buy tickets being handed over. Overhead view of many people on the stock exchange floor, used tickets scattered on the floor. Boards showing change in stock pricing. A digital clock quickly showing minutes ticking by 11:01 to 11:06. Roles of workers are explained. A group of brokers trading. The specialist refers to his book. The reporter records transactions reported to him by the seller and hands over a docket to the ticker. Supervisors oversee the floor. A specialist clerk and a broker's clerk on the telephone and providing the link between the stock exchange floor and a person's personal brokerage office. The auction market is explained by a man with two phones and a pile of money, interspersed with B&W footage of real action on the stock exchange floor, where clerks are on the phone and a broker number flashes on a large board. A broker collects the order from his clerk and walks across the busy exchange room floor to join the crowd of brokers for a quote. Close up of the off site broker on a yellow and then a red 50s telephone. For more complicated dealings the role of the specialist is explained. The busy trading floor a specialist talks to a broker. The order book is explained. Back to the staged colour demonstration, this time covering block share deals done “off the floor“, once again the role of the specialist and broker is covered, with men acting out the parts. A man in a room with phones on different pedestals each indicating a different US city - San Francisco, Detroit, Dallas, Boston, Denver and buy dockets for each transaction being carried out. Special offering and special bids are explained via demonstration. A special offer order appearing on the ticker. Secondary distribution explained. Group of brokers negotiating on the floor. Prices altered on the board, negotiations continue with another broker. Panic on the stock exchange floor, brokers looking up at boards, sell tickets being written, prices dropping, more anxious looks and exaggerated hand gestures in negotiations. Minutes ticking by on a digital clock 1:25 - 1:29. Pace goes back to less hurried, prices start increasing on the board. Buy tickets being written.
