'nflation, 
affects bonds, 259 
during Civil War, 66, 67 
in stock market, 299 
ieast harmful in stocks, 543 
of currency, 4, 601 
inscribed bonds, 256 
[nscribed securities 
ties”) 
[nsolvencies, 
in Stock Clearing Corp., 403 
on Stock Exchange, 462, 663 
[nternational security trade, 501, 5. 
(See “Securi- 
516 
(nternational trade balances, 50%, 
[nvestment, 
definition of, 122 
[Investment transaction, 
definition of, 125 
[nvestors, 
growth in U. S., 118, 478 
in bonds, 273 
[nvisible trade, 
described, 509 
statistics on, §27 
< 
Japan, 
crisis of 1901, 671 
fencken, H. D., quoced, 673 
fobber in London, 666 
Juvenal, quoted, 32 
Law Committee, 450 
.aw merchant, 673 
[eeman Act, 607 
Lending clearing members, S.C.C,, 
375 
Lending members, S.C.C., 362 
Lenin, 136 
Leroy-Beaulieu, M. A., quoted, 148, 
156 
Leroy-Beaulieu, Paul, quoted, 
600 
Liberty Loan Committee, 620 
Liberty Loans, 73, 96, 104, 176, <u- 
278, 492, 523 
Liquidation, 
earliest in securities, 303 
Liquidationskasse A. G., 641 
Listing, 
agreements, 97, 500, 574 
bond statistics on, 619 
~ertificates. engraving, 564 
INDEX 
71S 
[isting—Continued 
distribution statements for, 98, 99 
aarning statements, 531 
foreign issues, 74, 540, 567, 569, 
670 
nvestment trusts, 74, 569 
nemorandum, 55I 
N.Y.S.E. requirements for, 93 
»rocedure, 03 
juestionnaire, 03, 582 
-esolution, 581 
routine with applications, 100 
statistics, 538, 546 
stock dividends, 577, 579 
text, 55I et seq. 
transfer and registry, 563 
Loan Crowd, 187 
Loan envelope, 200 
Loans of stock, 
“fat,” 189 
how made, 181 
included in clearance sheet, 331 
premium, 189 
Lombard loans, 620 
“Lombard Street” (See “Bagehot’) 
London, 39, 61 
LLondon Company, 10, 142 
London jobber, 666 
London Stock Exchange, 38, 66, 70. 
81, 128, 136, 211, 313, 457, 468 
303, 504, 506, 514, 519, 580, 506, 
606, 611, 619, 641, 652, 653, 604, 
666, 667 
Lord’s Court Building, 545 
Macauley, quoted, 11 
vlacGregor, Duncan, quoted, 95, 505 
Manipulation, 49, 103 
largins, 
huying on, 181 
:all for, 184 
card for, 430 
customers’, 416, 428 
Exchange's attitude toward, 137 
flexible, 589 
on security loans, 279, 293 
requirements for, 184 
typical case of, 181 
Markets, 
antiquity of, 30 
auction, 63 
call, 67 
commodity, 30