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Die Volkswirthschaftslehre

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fullscreen: Die Volkswirthschaftslehre

Monograph

Identifikator:
833000799
URN:
urn:nbn:de:zbw-retromon-36018
Document type:
Monograph
Author:
Schober, Hugo
Title:
Die Volkswirthschaftslehre
Edition:
3. Aufl.
Place of publication:
Kiel
Scope:
1 Online-Ressource (X, 391 S)
Collection:
Economics Books
Usage license:
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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

COMPARISON AND SECURITY CLEARANCE 339 
easy to find a buying firm or firms to which the stock balances 
of each selling firm can be delivered. Thus the allotment clerk 
directs our friends, Jenkins & Co., with a balance of 300 
shares, to deliver them to Arnold, Mitchell & Co., who have 
to receive just that amount. Similarly, he directs Le Mar, 
Burke & Co. to deliver 200 shares to Whiting, Todd & Co.; 
D. S. Cooke & Co. to deliver 100 shares to E. A. Wilson & 
|. 
YL rv 
hy; i SECURITY BALANCT™S 
EY 
SHARES 
SLATMERTY 
Figure 32. Allotment Sheet 
Co.; B. P. Robinson & Co. to deliver 200 shares to Lee, Tuttle 
& Co. and 100 shares to Wilkins & Co. ; and Fisher, Carrington 
& Co. to deliver its 300 shares, and C. W. Green & Co. its 100 
shares, to L. A. Smith & Co. 
Recently, in order to save time, the practice was inaugu- 
rated of referring to clearing members on the clearance sheet 
by numbers rather than by names. But the names have been 
retained on examples used in this book, in order to render the 
clearing process less confusing to the reader
	        

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The Work of the Stock Exchange. The Ronald Press Company, 1930.
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