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A "put" is a negotiable contract giving the holder the privilege to sell a specified number of shares of a certain stock to the maker at a fixed price, within a specified time. A "...
To speculate is to theorize about something that is uncertain. We can speculate about anything that is uncertain, but we use the word "speculation" in this book with particular ref...
Within the major movements of stock prices, there always are several minor movements, which are caused by various influences. One of the important causes is the technical condition...
There are certain terms used in connection with stock speculation that are very familiar to those who come in contact with stock brokers, and yet are not always familiar to those w...
We maintain that there is only one basis upon which successful speculation can be carried on continually; that is, never to buy a security unless it is selling at a price below tha...
The most noteworthy features of the working of this machinery may be discussed under the heads: conflict of functions and laws; loan operations; treasury operations; reserve system...
In Europe an important group of institutions has developed for the supplying of agriculture and the building industries with the capital needed in their operations. The greatest nu...
One of the most important functions of commercial banks is the collection for their customers of checks and drafts drawn on other institutions. When these documents are received, t...
From the point of view of their customers these services may be grouped under the following heads: The safekeeping of money and other valuables; the making of payments; the making...
By commercial paper is meant the credit instruments or documents which the credit system now in general use throughout the commercial world regularly brings into existence and liqu...
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Of all the various clubs used by trusts for attacking rivals and driving them from the field, the first in order is the one which depends on getting special rates for transportatio...
The essential fact about production, as it is carried on by all society, is that it is a synthetic operation, by which a grand total is made up by the contributions of different in...
Functional distribution controls personal incomes since each man who gets, in a normal way, any income at all performs one or more productive functions, and his total income is the...
Simple Cases of Charging "What the Traffic will Bear."--The value of a study of primitive carriers and their policy lies in the fact that it illustrates principles which apply to t...
Adam Smith and many others have noticed that the growth of capital varies with the intelligence and the foresight of a population. It should therefore increase in rapidity as intel...
When we try to establish a standard to which wages generally tend to conform, the question arises how much of the earth we have in view. Is there a rate at which the pay of labor i...
Displacement of Labor and Capital by Inventions Inventions are labor-saving. Employers are engaged in a race with each other in reducing the outlays involved in producing goods, an...
When free from the taint of monopoly, trade unions, as has been shown, help rather than hinder the natural forces of distribution. Collective bargaining is normal, but barring men...
Perpetual Change of the Social Structure We confine ourselves to that economic society par excellence which we have called the industrial center of the world. In this region econom...
The Possibility of a Law of Technical Progress It might seem that inventions were not subject to any influence that can be described under the head of a law. Genius certainly follo...