Stockbrokers are agents who buy and sell stocks, shares and other securities for their clients. They are paid commission. Jobbers, on the other hand, buy and sell securities in large quantities. They are the wholesalers. The jobbers are always to be found in the same spot in the London Stock Exchange. They congregate according to the type of security they specialize in. So you can find all the jobbers dealing with rubber shares in one place, those interested in shipping another, those concerned with mining in another, and so on. Jobbers make a profit like any other dealer. They usually quote two prices; they are prepared to buy any reasonable quantity of that share at the lower price, and to sell at the higher price. These prices vary, of course, from day to day and even hour to hour, according to the demand.
Perhaps a broke wants to sell five hundred shares in XYZ Pharmaceuticals for a client. He looks for the jobbers who deal in pharmaceutical shares. He asks the price
A. A large house where stockbrokers live.
B. A place where jobbers and stock brokers meet, to buy and sell shares.
C. A house in London, where stockbrokers are paid commission by their clients.
D. A place where jobbers make a very large profit.
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