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The work of the Stock Exchange

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fullscreen: The work of the Stock Exchange

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
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Contents

Table of contents

  • The work of the Stock Exchange
  • Title page
  • Contents
  • Chapter I. The evolution of securities
  • Chapter II. Organized security markets and their economic functions
  • Chapter III. The rise of the New York stock exchange
  • Chapter IV. The distribution of securities
  • Chapter V. The dangers and benefits of stock speculation
  • Chapter VI. A typical investment transaction
  • Chapter VII. Credit transactions in securities
  • Chapter VIII. The floor trader and the specialist
  • Chapter IX. The odd-lot business
  • Chapter X. The bond market
  • Chapter XI. The security collateral loan market
  • Chapter XII. Comparison and security clearance
  • Chapter XIII. Security delivieries, loans, and transfers
  • Chapter XIV. Money clearance and settlement
  • Chapter XV. The commission house
  • Chapter XVI. The administration of the stock exchange
  • Chapter XVII. The stock exchange and American business
  • Chapter XVIII. The stock exchange as an international market

Full text

676 " REFERENCES FOR FURTHER STUDY 
of the London Stock Exchange, Francis’ well-known Chronicles, 
and the recent study by Jenks. For continental markets, the German 
Sombart is a classic, and his compatriot Ehrenberg also very valuable. 
Sée is brief yet clear and vital. Hallam might also be consulted. 
The effect of the Great War (1914-18) on the securities markets 
is described for New York, by Noble and in the “Agricultural In- 
quiry”; for London by Schwabe, Whyte and Withers, “The War and 
Lombard Street”; for Paris by Borbeau, Manchez, Bregard and Guyot ; 
and for Berlin by Klebba and Kronenberger. 
For a general survey of the leading modern financial markets, 
two German works should be mentioned—Stillich’s “Die Borse und 
ihre Geschafte” and Taeuber’s “Die Borsen der Welt.” T. E. 
Gregory’s “Money Markets of the World” is useful in a supple- 
mentary way. Van Antwerp contains vital and readable descriptions 
of the stock exchanges of London, Paris, and Berlin. Gibson covers 
New York, London and Paris. Greenwood is also very useful and 
inclusive, but so detailed and encyclopedic as to become speedily out 
of date. 
For the New York Stock Exchange, the best sources (apart from 
the present study) are Huebner, Dice, Van Antwerp, and Martin. 
For the London Stock Exchange, its official annual “Rules and 
Regulations” should be studied. The clearest and best-arranged recent 
study is in French, by Decoudu. Poley and Gould is standard for its 
legal aspects. Hirst is brief yet deservedly popular. Ingall and 
Withers described pre-war conditions at more length. Branson is 
readable and useful. Spalding on the London money market should 
also be read in this connection. 
For the Paris stock market, the rules are published in pamphlet 
form for the official market by the Chambre Syndicale of the Com- 
pagnie des Agents de Change® and for the Coulisse or Curb market 
by the Syndicates for term and for cash trading. Some of the best 
studies on the Paris securities market reflect the friction which before 
1898 occurred between the official stockbrokers’ monopoly and the 
free Curb market. Boissiére is a semi-official volume sympathetic 
to the monopoly, while Vidal (better known in this country because 
Englished in the National Monetary Commission Report) reflects the 
Coulisse advocacy of freedom of markets. Parker is an American 
Ph.D. thesis available in English but rather lacking in financial back- 
ground. Of recent works, Cavelier and Montarnal are the best. 
Material on the Berliner Borse is also voluminous, especially dur- 
ing the long and controversial period of the Borse regulations of 
1896-1909. Stillich is generally considered the outstanding study.
	        

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