Almanach d'adresses de la Chambre de Commerce, d'Industrie et de Métier `a Zagreb

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Monograph

Identifikator:: 1831750147

URN:: urn:nbn:de:zbw-retromon-221175

Document type:: Monograph

Title:: Almanach d'adresses de la Chambre de Commerce, d'Industrie et de Métier `a Zagreb

Place of publication:: [Erscheinungsort nicht ermittelbar]

Publisher:: [Verlag nicht ermittelbar]

Year of publication:: 1930

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Industrija. Industrie - Industrie - Industry

Collection:: Economics Books

672 APPENDIX francs were thus taken from the capital of F rance, but she was so rich that she was able to submit to it without disaster. She was rich because she had piled up these securities. with which she was able to part without suffering. . . . “France, by the possession of a flexible stock exchange and a great mass of the securities negotiable upon such exchanges, was saved from the convulsion which must have prostrated her entire industrial system if it had been necessary for her to find money to discharge the demands of the conqueror.” (Charles A. Conant. Wall Street and the Country.) Even more convincing examples occurred during and after the Great War. Britain could not have financed the war in 1914-17 without her large holdings of foreign securities, particularly American. The avoidance of serious inflation in the United States has been largely due to our extensive security investments abroad. The restora- tion of sound currency and credit in one European nation after another was largely brought about through the sale of foreign securities in New York. It is also generally admitted that without extensive sales of her securities here, Germany would not have been able to pay her reparation accounts. The ultimate settlement of the war debts is also generally expected to take the specific form of selling foreign securities here. (XVIIIk) The increasing rapprochement of the New York Stock Exchange with the older stock exchanges of Europe during recent years is illustrated by the several visits paid to the latter institutions by officers and representatives of the American organization. In 1926 the Economist of the New York Stock Exchange spent three months studying foreign stock exchange methods in London, Paris and Berlin, and President E. H. H. Simmons on the same occasion paid an official visit to the stock exchanges of London and Paris. In 1927 the special commission on listing foreign internal shares (consisting of Mr. J. M. B. Hoxsey, Mr. R. L. Redmond and the author) visited for purposes of study London, Paris, Amsterdam, Berlin, Milan, Rome, Vienna, and Brussels. In 1928 the President and the Economist of the Exchange visited London; in 1929 Paris, Amsterdam, and Berlin; and in 1930 Rome, Milan, and Zurich. These visits have resulted in the interchange of much information concerning securities and stock exchange operation of real value on both sides of the Atlantic. Meanwhile the New York Stock Exchange has been visited officially by the representatives of many European stock exchanges, and of many financial institutions in Europe. South America and Asia

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