Répertoire des administrateurs & commissaires de société, des banques, banquiers et agents de change de France et de Belgique

Bibliographic data

Monograph

Identifikator:: 1751319059

URN:: urn:nbn:de:zbw-retromon-129553

Document type:: Monograph

Title:: Répertoire des administrateurs & commissaires de société, des banques, banquiers et agents de change de France et de Belgique

Place of publication:: Paris [u.a.]

Year of publication:: [1926]

Scope:: 1316 S.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Répertoire des administrateurs, commissaires, liquidateurs, curateurs, etc., de sociétés

Collection:: Economics Books

268 The Stock Market Crash—dAnd After omies, labor cobperation, prohibition and other causes. All these advantages have been heightened by a more secure expectation of increased earnings residing in the stable purchasing power of the dollar during the past seven years. As theretofore unstable money had hindered business, so now stable money promotes business. With this promotion there has been an economic change in the attitude of investors toward the risks of investment in common stock. Bonds were once regarded as safe, and stocks as unsafe; now, with the elimination of risks in diversi- fied investments, and in changing investments as a result of constant scrutiny of business prospects, common shares have become popular because of their comparative safety. I still hazard the state- ment that in spite of the tremendous harm that has been done to common stocks during the panic of 1929, investment trusts have made it safer to invest in common stocks than ever before. Because of these solid achievements of the past seven years, their present continuance, and the assurance that they will be prolonged into the imme- diate future, I feel that the threat to business due to the dislocation of purchasing power by reason of transfers of stock holdings will be temporary. Ful- filment of the pledges by the nation’s business leaders that industrial programs will be adhered to, that wages will not be reduced, and that the “tempo” of production on which all our prosperity has been built will be maintained, should suffice to bridge across the business recession that slightly antedated

Access restriction

Copyright

fullscreen: Répertoire des administrateurs & commissaires de société, des banques, banquiers et agents de change de France et de Belgique

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation