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higher. It has been questioned in which great boom the mostbusiness was done, in that of 1887 or of 1904. Thesales in 1887 were 26,871,250; 1904, 25,487,500; 1887over 1904, 1,383,750. The largest days sale in 1887was 412,000; 1904, 689,250; but it should be remem-bered that in 1887 the
Exchange was new and not ac-customed to handling a large business; the room wassmall and had but little facilities for recording business.1 can remember at one time that it was said that barelyhalf the sales were reported or recorded, but takingthe years 1887-1888, the total sales were 47,868,750,against 1904-05, 46,729,750, or 1,139,000 in favor of1887-8. The decline from Friday, June 10, 1887, till Monday
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ance of 15to 30 points. Immediately following the opening was a break inprices for the active deliveries of 30 and 50 points. Then camea rally, and, during the remainder of the day, the market workedback and forth within comparatively nearer range, finally clos-ing steady 10 points lower to 10 points
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