The work of the Stock Exchange

Bibliographic data

Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter I. The evolution of securities

Collection:: Economics Books

THE EVOLUTION OF SECURITIES 147 carpets, hosiery, shirts, underwear, hides, leather, shoes, bank notes, express service, safety razors, writing paper, magazines, graphophones, office appliances, docks, glass bottles, type- writers, real estate, and perfumery and toilet articles. And almost weekly the list grows with the addition of the securities of new and different enterprises. The bond issues listed on the Stock Exchange are even more numerous than the stock issues, for in addition to a vast range of corporate bonds, the list contains the loans of govern- ments, provinces, or cities on every continent in the world ex- cept Africa. While foreign government obligations have been listed extensively on this Exchange only during recent years, already they have become sufficiently numerous to make this one of the principal markets for foreign government bonds in the world. Many foreign company bonds and shares have also been recently listed. On the New York Stock Exchange each day, prices are established for the obligations of practically all the leading nations in the world, to say nothing of their provinces and cities, and also for the stocks and bonds of practically all known forms of large-scale business enterprise. The modern investor thus has placed at his ready disposal a range of possibilities for investment which literally reaches “from China to Peru.” The Chief Kinds of Securities.—From the standpoint of the relationship between the investor and the thing in which he invests, Stock Exchange securities may be divided into two principal classes—bonds and shares. In America the word “stock” is ordinarily used to denote shares, but in England these two terms are not thus synonymous, and “stock” usually refers to governmental or corporate debts. Occasionally the word is employed with this English meaning in the United States. as for example, “New York City Stock.” Bonds.—Bonds represent a debt of a government or a busi- ness company. As the bond certificate usually states, the given

Access restriction

Copyright

fullscreen: The work of the Stock Exchange

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation