Seat

Arrangements for the sale of New York Stock Exchange seats were made last week for prices ranging between $192,000 and $205,000. Of purchases already consummated at the $200,000 price one was by James B. Williams Jr., 28, who was graduated from Lafayette College five years ago. He made the money speculating on his own account. Henceforth he will speculate chiefly for others.

A Stock Exchange seat at $200,000 is an excellent investment, paying an excellent income. A member receives $2.50 for every 100 shares he handles for his customers. At the present trading rate of 2,000,000 shares daily, an active trader can make $25,000 yearly. Some are earning $100,000 in commissions.