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 II - What influences the realisable value of stocks

Collection:: Economics Books

this class is able to put by is influenced, to a predominating extent, by the state of trade of the country ; for the members of this large class are only in a position to invest part of their earnings when the latter exceed their daily wants. To the great majority this is only the case when trade is good ; hence they seek an outlet for their savings at a time when the public at large can afford to be considerable spenders. Nowadays the greater part of every nation’s savings is invested in stocks. It therefore follows that towards the close of a trade boom there arises a constant and increasing demand for stocks to serve as receptacles for the nation’s savings, whilst when trade is depressed for any length of time this demand for investments first slackens, then entirely ceases, and is finally succeeded by a small trickle of realisation, which increases in volume until the next trade boom is well in hand. In this way the floating supply of stock promptly satisfies any few chance buyers who may be about in bad times, and then the surplus supply hangs over the market and seriously depresses prices. The whole ques tion simply resolves itself into one of supply and demand ; so that stocks are steady in

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