EXCHANGE

to give one thing for another; to barter; the public building where busine transactions are made; to give one person for another, as thee. of | prisoners of war; the e. of regiments between officers, etc. The Stock Exchange is the market for stock and shares in public companies, such as railway, mining, and the great industrial undertakings, debentures, and all the securities for the repayment of loans i ued by governments, municipal corporations, and trading companies. The dealers in these securities generally confine their operations to a small section of these securities, and do not deal in any others. Hach section constitutes a ‘market,’ and it/is to the market for any particular cla of securities that a broker resorts on behalf of a client who either wishes to purchase or sell stocks or shares.