Investment, an exact science

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Monograph

Identifikator:: 865521182

URN:: urn:nbn:de:zbw-retromon-48767

Document type:: Monograph

Author:: Lowenfeld, Henry

Title:: Investment, an exact science

Place of publication:: London

Publisher:: The Financial Review of Reviews

Year of publication:: 1906

Scope:: 1 Online-Ressource (X, 160 Seiten)

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII - The defects of the british trustee acts

Collection:: Economics Books

182 recent years, it will be observed that Canadian 3 per Cents, have been in no way sup ported by the local prosperity, but, yielding to the dominating influence of London, the financial centre which furnishes the invest ment demand for this security, Canadian Threes have slavishly followed in the wake of all stocks dependent upon British Trade Influence, and have depreciated seriously during the very years when Canadian Railway stocks, Hudson’s Bay Company’s shares, and other Canadian issues, other than Trustee stocks, have been making a high record of prices, hitherto unreached in their previous financial history. Similarly the London, Tilbury & Southend 4 per Cent. Perpetual Debenture, in spite of the expanding traffic of that line, which was con tinuously progressive during the period from 1895 to 1904, was unable to resist the domina ting influence of general depression in British trade ; and, in sympathy with all other Trustee stocks, reached a low level of depression in 1904, at a time when the same company’s ordinary stock was paying a larger dividend than it had ever done before, and was standing at a record high-water mark. Yet during the self-same period, when British Trustee stocks were thus emphatically proving their unsuitability to be used as the receptacles

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