REFERENCES FOR FURTHER STUDY 681
nell, and many others. Here the President’s “Conference on Unem-
ployment” should be consulted. Dewey has defined speculation in its
legal aspects. The practical money-making aspect of stock specula-
tion is covered by Atwood, Browne, Dow, Fayant, Nelson, Seldon,
Sexsmith, and Stafford.
Chapter VI. A Typical Investment Transaction
Consult Norton and Goldman for the legal aspects of a brokerage
transaction, and Todman for its accounting aspects. See also refer-
ences to Chapter XV on the Commission House. Withers describes
the technique of investment purchasing in London, while Paris pro-
cedure is covered fully by Cavelier and Montarnal; see also Paul
Leroy-Beaulieu in L’Economiste Frangais for October 5, 1912.
Chapter VII. Credit Transactions in Securities
Van Antwerp’s chapter on short selling and Noble's 1914 testi-
mony should be consulted; Huebner’'s “The Stock Market” is also
valuable. Norton covers the legal aspects of the short sale.
Abroad short selling often occurs only in term as distinguished
from cash trading, and its technique thus depends upon the features
of the given term settlement system. Withers covers this for London,
while Paris operations are described in Montarnal and Cavelier.
Many special studies on this score have been published in Germany.
Consult the term settlement references under Chapter XI on stock
market loans.
Chapter VIII. The Floor Trader and the Specialist
See the relevant parts of Van Antwerp (p. 285). The best study
of the specialist’s work is the unpublished address of Mr. E. T. Tefft
alluded to in the footnotes of the text. On the significance of stock
market taxation, consult Seligman and Carroll.
Chapter IX. The Odd-Lot Business
Van Antwerp and the 1914 testimony of Noble (pp. 164-169) are
nseful. Unpublished addresses by Noble and Mellick also contain
much information. - Some odd-lot houses have published pamphlet
brochures on their business.
Chapter X. The Bond Market
There is of course a huge literature upon the American bond busi-
ness in general, but surprisingly little valuable material concerning
the bond market on the Stock Exchange. The student might to ad-
vantage consult the works of Chamberlain. Rollins, and Sumner.
