LISTED AND UNLISTED SECURITIES 141 
cabinet. Thus at any time, if a person desires the 
very latest information relative to a company whose 
stocks or bonds are listed on the New York Stock 
Exchange, he has simply to go to his broker’s office 
and ask to see the latest cards of said company, and 
this information is directly before him. 
In addition to this there are numerous financial 
papers, and what is most interesting of all, the 
news ticker services, whereby information is sup 
plied every minute during the day by an electric 
printing machine from a central office in New 
York. 
Of course, these news tickers and financial 
papers do not make a specialty of listed investment 
securities, as in the case of the Card System above 
mentioned, but are designed more for the specu 
lator than for the investor. 
Bureau of Misleading Advice 
Up to the present point we have referred simply 
to the source of actual information; that is, pub 
lished facts, reports, earnings, financial notices, 
confirmed news items and other matters which are 
of practical and permanent value to the investor in 
aiding him to decide whether or not he should buy 
any stock in question. In addition to these, there 
are a vast number of periodicals, pamphlets, market 
letters and other publications, some sold and some 
distributed gratis, which propose to give analyses 
°1 securities for the benefit of bona fide investors, 
but which are not worth reading. Investors 
should shun many of these publications as they