676 " REFERENCES FOR FURTHER STUDY
of the London Stock Exchange, Francis’ well-known Chronicles,
and the recent study by Jenks. For continental markets, the German
Sombart is a classic, and his compatriot Ehrenberg also very valuable.
Sée is brief yet clear and vital. Hallam might also be consulted.
The effect of the Great War (1914-18) on the securities markets
is described for New York, by Noble and in the “Agricultural In-
quiry”; for London by Schwabe, Whyte and Withers, “The War and
Lombard Street”; for Paris by Borbeau, Manchez, Bregard and Guyot ;
and for Berlin by Klebba and Kronenberger.
For a general survey of the leading modern financial markets,
two German works should be mentioned—Stillich’s “Die Borse und
ihre Geschafte” and Taeuber’s “Die Borsen der Welt.” T. E.
Gregory’s “Money Markets of the World” is useful in a supple-
mentary way. Van Antwerp contains vital and readable descriptions
of the stock exchanges of London, Paris, and Berlin. Gibson covers
New York, London and Paris. Greenwood is also very useful and
inclusive, but so detailed and encyclopedic as to become speedily out
of date.
For the New York Stock Exchange, the best sources (apart from
the present study) are Huebner, Dice, Van Antwerp, and Martin.
For the London Stock Exchange, its official annual “Rules and
Regulations” should be studied. The clearest and best-arranged recent
study is in French, by Decoudu. Poley and Gould is standard for its
legal aspects. Hirst is brief yet deservedly popular. Ingall and
Withers described pre-war conditions at more length. Branson is
readable and useful. Spalding on the London money market should
also be read in this connection.
For the Paris stock market, the rules are published in pamphlet
form for the official market by the Chambre Syndicale of the Com-
pagnie des Agents de Change® and for the Coulisse or Curb market
by the Syndicates for term and for cash trading. Some of the best
studies on the Paris securities market reflect the friction which before
1898 occurred between the official stockbrokers’ monopoly and the
free Curb market. Boissiére is a semi-official volume sympathetic
to the monopoly, while Vidal (better known in this country because
Englished in the National Monetary Commission Report) reflects the
Coulisse advocacy of freedom of markets. Parker is an American
Ph.D. thesis available in English but rather lacking in financial back-
ground. Of recent works, Cavelier and Montarnal are the best.
Material on the Berliner Borse is also voluminous, especially dur-
ing the long and controversial period of the Borse regulations of
1896-1909. Stillich is generally considered the outstanding study.
