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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

REFERENCES FOR FURTHER STUDY 677 
Schneider’s pamphlet is modern, detailed and surprisingly compre- 
hensive considering its brevity; the author’s connection with the Borse 
administration makes it a semi-official publication. The official rules 
and regulations are issued by the Handelskammer in pamphlet form: 
Hartung’s “Usancen” and Meyer's “Borsengesetz” are also standard 
works. Sayots’ article of course reflects the French viewpoint. 
Amsterdam’s Stock Exchange has been much described, but usually 
in Dutch. The anniversary Gedenboek is a splendid historical study, 
and Ogtrop is also authoritative. The “Statuten en Reglementen der 
Vereeniging voor den Effectenhandel te Amsterdam” is available only 
in Dutch. In German, however, one can read Brenningkmeyer and 
Stillich; in French, there is some very interesting and valuable in- 
formation in L’Illustration for August, 1928. For other markets, 
consult the general bibliography under their respective nations. 
The functional aspect of organized markets has been described 
elaborately in England by Lavington, Ellis, and J. A. Hobson; one 
should also consult on this score the references under Chapters IV 
and V following. Huebner in America was first to outline the eco- 
nomic functions of stock exchanges systematically. Conant is also 
helpful. Emery is the best authority on their speculative aspects. 
Simmons’ addresses in San Francisco (1926), Chicago (1926), and 
Norfolk (1929), and Whitney's address in New York (1930), are 
also popular presentations.of important phases. 
Organized commodity markets have been considered mainly outside 
the scope of the present book, yet references to G. Huebner, Hubbard, 
and Boyle are of interest to students of stock exchanges. 
Chapter III. The Rise of the New York Stock Exchange 
The early records of the New York stock market (1792-1817) 
are scanty and intermittent ; one must piece together the story of these 
days from the New York Post or from old notebooks of contemporary 
stockbrokers. The archives of the Exchange itself really date from 
1817. Hunt's Merchants’ Magazine, which ran from 1839 through 
the Civil War, is useful only in a general way. The early history of 
the New York stock market was, however, accurately and delightfully 
surveyed in Stedman’s classic history of the Exchange, which runs 
down to about 1900. (Would that another Stedman would appear 
to write an equally readable history of the Exchange from the latter 
date to the present!) Hill and Villard, more easily obtainable than 
Stedman, also cover this early period. 
Interesting sidelights on the period to the close of the Civil War 
are furnished by numerous vet obscure authors and pamphleteers like
	        

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