National Geographic : 1962 Nov
calmly count their gold ONLY GOLD SHARES were traded on the Johannesburg Stock Ex change when it opened in 1887. Now its board (below) lists some 400 in dustrials and 80 mining companies. Every stock exchange I have seen has been pure bedlam, and this one was no exception. Brokers in booths at right took orders by telephone and cried them to others on the floor, who gestured acknowledgment. Two men on the balcony posted quotations. Gold changes hands only on paper in the Stock Exchange, but the South African Reserve Bank in Pretoria keeps a fortune in the metal (right). Three low stacks alone are worth some $5,000,000.