Coalers

A colloquial name for the stocks of the anthracite coal-carrying railroads.; Coal hole. A name given to the basement of a former building at No. 23 William street, New York, where calls of stocks were held and dealings conducted by outside brokers (brokers not members of the New York Stock Exchange) in 1862 and succeeding years. These brokers had no organization, but paid a fee to the owner of the building for the right: to enter the Coal hole. Reports of their transactions, how- | ever, were printed in the newspapers under the caption “Sales: at the Public Stock Board.” For information as to the present manner in which outside brokers conduct busine ; see Outside market.