The stock market crash - and after

Bibliographic data

Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VII. The Age of Mergers

Collection:: Economics Books

114 The Stock Market Crash—dAnd After Emeritus of Yale University, and even earlier by Charles Francis Adams, Js. Sovereign Remedy of Publicity Publicity is the sovereign remedy against merger evils today. Incidentally it might be pointed out that the real leader in this movement for greater corporate pub- licity has been the New York Stock Exchange. No other major stock exchange in the world has adopted such strict listing requirements in this and other re- spects, or has so ruthlessly disregarded its members’ earning power for the sake of prospective benefits to the investor from this source. The Exchange is, of course, unable to control the situation with the same inclusiveness that a national law could. The difficulty lies in the fact that incorporations are actually made by the individual States, and it is difficult, if not im- possible, to secure uniform standards among them. The value of fuller corporate publicity has in a measure been shown in the recent stock market by the greater stability of railroad than other listed issues. American railroads must report earnings frequently under standard methods of bookkeeping prescribed by the Interstate Commerce Commission. The investor knows with a railroad security just about what he is buying. This is by no means the case with industrial securities, and the investor is largely forced to speculate on the accuracy of pub- lished industrial corporation statements. This ap-

Access restriction

Copyright

fullscreen: The stock market crash - and after

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation