119 
We wish it to be quite understood that in 
the above example Cordoba Central Second 
Preference and Buenos Ayres & Pacific Com 
mon 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 hand 
book 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 tempo 
rarily 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 suita 
bility of a stock to a specific Investment