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We  wish  it  to  be  quite  understood  that  in
the  above  example  Cordoba  Central  Second
Preference  and  Buenos  Ayres  &  Pacific  Common ­
  have  only  been  used  to  prove  the
argument  and  not  because  we  consider  that
they  will  retain  their  respective  positions,
both  as  to  price  or  marketability.  It  is
always  dangerous  to  give  in  a  financial  handbook ­
  an  example  of  this  kind,  as  a  book  of
this  sort  is  frequently  read  many  years  after
its  date  of  publication,  and  both  stocks  used  in
the  example  might  then  have  ceased  to  exist.
Por  this  reason  we  hope  that  our  readers  will
understand  that  the  future  of  the  stocks  quoted
in  the  example  is  an  unforseeable  quantity,
and  that  the  argument  only  is  of  value.
The  speculator  who  intends  to  realise  again
promptly  must,  of  course,  consider  the  temporarily ­
  existing  marketability  of  a  stock.  The
investor  should,  as  a  matter  of  fact,  turn  his
attention  to  stocks  which  arc  unfashionable
and  rather  difficult  to  deal  in.  Every  good
investment  is  always  saleable  at  a  price,  and
the  margin  of  difference  between  purchase
and  sale  prices  is  a  matter  of  small  moment
in  comparison  with  the  ultimate  destination
of  a  market  movement.  It  is  therefore  the
present  and  future  prospects,  and  the  suitability ­
  of  a  stock  to  a  specific  Investment