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		<title>A Financial Chapter in the History of Bombay City</title>
		<link>http://bikibook.com/a-financial-chapter-in-the-history-of-bombay-city-1406.html</link>
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		<pubDate>Tue, 18 May 2010 13:46:05 +0000</pubDate>
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		<category><![CDATA[Bank Failures]]></category>
		<category><![CDATA[Banking]]></category>
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		<description><![CDATA[In 1897 the Editor of the Advocate of India invited me to contribute to its columns a narrative of the rise, growth and collapse of that colossal speculation popularly known in Bombay as the &#8221; share mania,&#8221; a mania which in its ultimate consequences was more disastrous than either the South Sea Bubble Scheme, or the tulip mania of the eighteenth century. Having been an eye-witness to the speculation and having watched it, as an on-looker only, from within and without, I was able to respond to the invitation. My narrative was given in the form of a series of articles principally based on my personal knowledge and experience, and next from facts gleaned from authentic books, specially the now forgotten Report of the Commission which sat to inquire into the failure of the old Bank of Bombay under the presidency of the late Sir Charles Jackson. As a young man I was then being specially trained in the Bank of Bombay. The period of my probation there, and of my subsequent engagement with two financial institutions of the day, happened to be co-eval with that of the very meridian of the speculation. I had thus the opportunity of watching [...]


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		<title>The New York Stock Exchange; a Discussion of the Business Done, Its Relation to Other Business, To Investment, Speculation and Gambling by H S Martin</title>
		<link>http://bikibook.com/the-new-york-stock-exchange-a-discussion-of-the-business-done-its-relation-to-other-business-to-investment-speculation-and-gambling-by-h-s-martin-1387.html</link>
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		<pubDate>Mon, 19 Apr 2010 06:49:26 +0000</pubDate>
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				<category><![CDATA[Personal Finance]]></category>
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		<description><![CDATA[FOREWORD The New York Stock Exchange can The be said to have been begun 125 years. Beginning ago 100 years of which it has of the passed under a formulated Constitution. Its beginning was three years after the adoption of the Constitution of the United States and the first meeting of Congress, three years after George Washington first took the oath of office as President; before coal had come into common use, while house were still lighted by candles; 33 years before the first steam railroad; 53 years before the first telegraph message; 64 years before the first ocean cable; 74 years before the first telephone when the whole population of the country was less than that of New York City now; when the country&#8217;s area was not one-fifth of what it is at present; when not even the wildest dreamer could have imagined trains running at sixty miles an hour, wireless telegraphy, articulated speech transmitted thousands of miles, aerial navigation, or the gigantic business enterprises of the minute. The Exchange is the great security market of this country; the business on the done upon its floor is wide-spread Exchange in its interest and effect. The Hughes Committee reported in [...]


Related posts:<ol><li><a href='http://bikibook.com/the-stock-exchange-a-short-study-of-investment-and-speculation-by-francis-wrigley-hirst-1317.html' rel='bookmark' title='Permanent Link: The Stock Exchange &#8211; A Short Study of Investment and Speculation by Francis Wrigley Hirst'>The Stock Exchange &#8211; A Short Study of Investment and Speculation by Francis Wrigley Hirst</a> <small>INTRODUCTION IN an old Pennsylvanian almanac of the eighteenth century...</small></li>
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<li><a href='http://bikibook.com/203-203.html' rel='bookmark' title='Permanent Link: Bank Loans and Stock Exchange Speculation'>Bank Loans and Stock Exchange Speculation</a> <small>Attention has been repeatedly called to the vicious circle in...</small></li>
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		<title>The Essential Features of Securities by Byron Webber Holt</title>
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		<pubDate>Mon, 19 Apr 2010 05:52:58 +0000</pubDate>
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		<description><![CDATA[What Our Problem Is There are available for purchase or sale securities of the widest possible variety, issued by countless corporations, municipalities, states, nations, etc. Merely to learn the names of all of them represents a quite impossible task. Equally varied with respect to their individual requirements are the purchasers and sellers of these securities. What is one man&#8217;s meat is another man&#8217;s poison, holds no more true of food than it does of securities. The variety which prevails in the security market, nevertheless, represents a distinct opportunity to the person trained to discriminate, though it is a source of confusion to others. In either case, since mistakes once made cannot as a rule be corrected without loss, the only safe course to pursue is to investigate first. Please Activate the Full Screen Mode for Better Viewing Pleasure (2nd button from the left) LINK http://bikibook.com/books/the-essential-features-of-securities/ EMBED Related posts:Analysis of American and Canadian Securities for the Use of English Investors by Kenneth Ffarington Bellairs There is little doubt that the years 1874-5 will witness... Investment and Speculation &#8211; A Description of the Modern Money Market and Analysis of the Factors Determining the Value of Securities by Thomas Conway EDITOR&#8217;S INTRODUCTION It [...]


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<li><a href='http://bikibook.com/investment-and-speculation-a-description-of-the-modern-money-market-and-analysis-of-the-factors-determining-the-value-of-securities-by-thomas-conway-1193.html' rel='bookmark' title='Permanent Link: Investment and Speculation &#8211; A Description of the Modern Money Market and Analysis of the Factors Determining the Value of Securities by Thomas Conway'>Investment and Speculation &#8211; A Description of the Modern Money Market and Analysis of the Factors Determining the Value of Securities by Thomas Conway</a> <small>EDITOR&#8217;S INTRODUCTION It is no part of the purpose of...</small></li>
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		<title>Twenty-One Years in the Boston Stock Market by Joseph Gregory Martin</title>
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		<pubDate>Mon, 05 Apr 2010 07:35:36 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Stock Market and Other Trading Markets]]></category>
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		<description><![CDATA[PREFATORY REMARKS In the present work the compiler has aimed to furnish a full and reliable history of the several stocks in the Boston market offered to Investors, — a large class, comprising not only capitalists so termed, but a host of persons of smaller means, who seek out some one of the various securities as an investment for their surplus means. The period included comprises the great Bank Panic which commenced in 1837, failures, depression of Bank stock, with reduction of dividends, its reinstatement in public confidence, the subsequent Railroad Panic, and the divers fluctuations which, during twenty years, most public stocks undergo. Copious notes have been added, with the view of relieving the dry details of figures, and imparting such information as was judged would prove useful and acceptable. In this compilation the utmost care has been taken to make it reliable, and thereby valuable for reference. The prices of Bank Stock, from 1834 to 1845, have been made up from actual public sales by auction, which afforded full quotations. The same applies to Insurance and Manufacturing Companies, as far as sales of the latter were made. Of Railroads, there were then comparatively few, and their stock was [...]


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<li><a href='http://bikibook.com/the-stock-market-barometer-a-study-of-its-forecast-value-based-on-charles-h-dows-theory-of-the-price-movement-1323.html' rel='bookmark' title='Permanent Link: The Stock Market Barometer : A Study of Its Forecast Value Based on Charles H. Dow&#8217;s Theory of the Price Movement'>The Stock Market Barometer : A Study of Its Forecast Value Based on Charles H. Dow&#8217;s Theory of the Price Movement</a> <small>CYCLES AND STOCK MARKET RECORDS AN English economist whose unaffected...</small></li>
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		<title>The Stock Market Barometer : A Study of Its Forecast Value Based on Charles H. Dow&#8217;s Theory of the Price Movement</title>
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		<pubDate>Mon, 05 Apr 2010 07:29:55 +0000</pubDate>
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		<description><![CDATA[CYCLES AND STOCK MARKET RECORDS AN English economist whose unaffected humanity always made him remarkably readable, the late William Stanley Jevons, propounded the theory of a connection between commercial panics and spots on the sun. He gave a series of dates from the beginning of the seventeenth century, showing an apparent coincidence between the two phenomena. It is entirely human and likable that he belittled a rather ugly commercial squeeze of two centuries ago because there were not then a justifying number of spots on the sun. Writing in the New York Times early in 1905, in comment on the Jevons theory, I said that while Wall Street in its heart believed in a cycle of panic and prosperity, it did not care if there were enough spots on the sun to make a straight flush. Youth is temerarious and irreverent. Perhaps it would have been more polite to say that the accidental periodic association proved nothing, like the exact coincidence of presidential elections with leap years. Please Activate the Full Screen Mode for Better Viewing Pleasure (2nd button from the left) LINK http://bikibook.com/books/the-stock-market-barometer/ EMBED Related posts:Twenty-One Years in the Boston Stock Market by Joseph Gregory Martin PREFATORY REMARKS In [...]


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		<title>The Stock Exchange Business, A Course of Study with References</title>
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		<pubDate>Mon, 05 Apr 2010 07:28:30 +0000</pubDate>
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		<description><![CDATA[Please Activate the Full Screen Mode for Better Viewing Pleasure (2nd button from the left) LINK http://bikibook.com/books/the-stock-exchange-business-a-course-of-study-with-reference/ EMBED Related posts:The New York Stock Exchange; a Discussion of the Business Done, Its Relation to Other Business, To Investment, Speculation and Gambling by H S Martin FOREWORD The New York Stock Exchange can The be said... The Stock Exchange &#8211; A Short Study of Investment and Speculation by Francis Wrigley Hirst INTRODUCTION IN an old Pennsylvanian almanac of the eighteenth century... The Stock Market Barometer : A Study of Its Forecast Value Based on Charles H. Dow&#8217;s Theory of the Price Movement CYCLES AND STOCK MARKET RECORDS AN English economist whose unaffected...


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		<title>The Stock Exchange &#8211; A Short Study of Investment and Speculation by Francis Wrigley Hirst</title>
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		<pubDate>Mon, 05 Apr 2010 07:25:06 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
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		<description><![CDATA[INTRODUCTION IN an old Pennsylvanian almanac of the eighteenth century two qualities were postulated for success in business: first, application or industry, and second, thrift or frugality. The first without the second often leads to nothing. &#8220;A man if he knows not how to save as he gets, may keep his nose all his life to the grindstone, and die not worth a groat at last.&#8221; The old proverb, A fat kitchen makes a lean mil, should remind us moderns that not only excess in eating and drinking, but luxurious and expensive follies of all kinds may drive the hardest worker into debt and difficulty, until after long enjoyment of a good income he ends his career in poverty and dependence. This book is not concerned, however, with the moral value of thrift, or even with the advantages which savings bestow upon the individual. Without savings indeed, or without an inherited fortune, no one can feel quite independent. This is a strong and sufficient moral ground for not spending all that one earns. But our particular business is neither with the first process of earning, nor with the second of saving, but with a third. We have to consider neither [...]


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<li><a href='http://bikibook.com/203-203.html' rel='bookmark' title='Permanent Link: Bank Loans and Stock Exchange Speculation'>Bank Loans and Stock Exchange Speculation</a> <small>Attention has been repeatedly called to the vicious circle in...</small></li>
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		<title>The Art of Wise Investing &#8211; a Series of short articles on investment values</title>
		<link>http://bikibook.com/the-art-of-wise-investing-a-series-of-short-articles-on-investment-values-1313.html</link>
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		<pubDate>Wed, 31 Mar 2010 16:57:22 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Personal Finance]]></category>
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		<description><![CDATA[PREFACE While the popular impression is probably the reverse, yet it is an undeniable fact that a far vaster sum of money is annually lost in this country through unwise investment, than through pure speculation. While many fortunes are constantly jeopardized and dissipated through what is known as speculation in stocks, bonds, grain-futures and like ventures, yet the many sums, large and small, which annually leave the pockets of actual investors are far greater in amount. Indeed, I would almost say that the losses through &#8220;unwise investment&#8221; are easily ten-fold the losses occasioned through mere speculation on the exchanges. And furthermore, the losses incurred through unwise investing are far more important to the community at large ; for while speculative losses are in a sense anticipated, or at least partly anticipated, the losses through mistaken investments are usually unexpected and unprepared for. Speculative losses often represent the loss of money easily gained, either through former speculation or from other sources, but the average loss of the investing public is generally a loss of hard-earned or industriously accumulated savings; and therefore such losses are felt far more deeply by the community. The art of wise investing involves two primary motives. The [...]


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		<title>Stocks and the Stock Market</title>
		<link>http://bikibook.com/stocks-and-the-stock-market-1307.html</link>
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		<pubDate>Wed, 31 Mar 2010 11:11:19 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Stock Market and Other Trading Markets]]></category>
		<category><![CDATA[Crash]]></category>
		<category><![CDATA[financial market]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[shares]]></category>
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		<description><![CDATA[With the development of large-scale machine production it was only natural that there should be a transition from the system of private partnership to that of Corporate organization, depending for its financial existence and support on the sale of bonds and stocks. Through the corporate form of organization it became possible to combine the small savings of the thousands into huge sums, which could then be given a directing force by the great captains of finance and industry. The rate at which stocks and bonds have come to represent the wealth of the world during the past two decades has been so prodigious that our stock exchange markets may be said to &#8216;represent the pulse of our economic life. As Mr. Charles Duguid so admirably says, in his work on &#8220;The Stock Exchange&#8221; : &#8220;The institution may be defined as the nerve center of the politics and finances of nations, because in this market all that makes history is focused and finds instantaneous expression. It is worthy of being defined as the barometer of their prosperity and adversity, for a glance at the tone of this market, whose wares are more mercurial than those of any other mart, suffices to [...]


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		<title>Stocks and Shares by Hartley Withers</title>
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		<pubDate>Wed, 31 Mar 2010 11:02:34 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Stock Market and Other Trading Markets]]></category>
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		<category><![CDATA[speculation commodities]]></category>
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		<description><![CDATA[INTRODUCTORY Stocks and shares are a matter of interest to all, and of bewilderment to most, of civilized humanity. The interest may be indirect and unrecognized. The salaried official may flatter himself, perhaps, that because he draws an income direct from Government he is beyond the reach of the influence of stock markets and their movements, and need give no heed, to their ebullitions and vagaries; but a debauch of riotous speculation, organized in mere lightness of heart by the free-booters of the New York Stock exchange, may have consequences which will affect the prices of goods which are necessary to his existence. Modern industry is so closely knit by the quickness and cheapness of news and transport, and depends so much for its efficiency on the facilities and conveniences that are given to it by the stock markets, that the ups and downs of Capel Court and Wall Street have an influence, generally unsuspected by those affected, alike in the palace and the cottage. They go still further, and disturb the repose of nature. A rising market in rubber shares will lead to perturbation and alarm among the birds and beasts of unpenetrated tropical forests, by the sudden appearance [...]


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		<title>Nonnegative Wealth, Absence of Arbitrage, and Feasible Consumption Plans</title>
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		<pubDate>Thu, 25 Mar 2010 04:13:57 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Stock Market and Other Trading Markets]]></category>
		<category><![CDATA[arbitrage]]></category>
		<category><![CDATA[financial markets]]></category>
		<category><![CDATA[Futures]]></category>
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		<description><![CDATA[Abstract A restriction to nonnegative wealth is sufficient to preclude all arbitrage opportunities in financial models that have risk neutral probabilities that are valid for all simple strategies. Imposing nonnegative wealth does not constrain agents from making the choice they would make under the standard integrability condition. This conclusion does not depend on whether the markets are complete. Please Activate the Full Screen Mode for Better Viewing Pleasure (2nd button from the left) LINK http://bikibook.com/books/non-negative-wealth-absence-of-arbitrage-and-feasible-consumption-plans/ EMBED Related posts:Holding Costs And Equilibrium Arbitrage by Bruce Tuckman and Jean-Luc Vila Abstract In a world were trading is costless, assets with... ABC of Options and Arbitrage by S.A Nelson CONTENTS. CHAPTER I. Definition of Stock Options 11 CHAPTER II.... Arbitrage in Bullion, Coins, Bills, Stocks, Shares and Options by Henry Deutsch PREFACE THE literature on the subject of the present book...


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<li><a href='http://bikibook.com/arbitrage-in-bullion-coins-bills-stocks-shares-and-options-by-henry-deutsch-826.html' rel='bookmark' title='Permanent Link: Arbitrage in Bullion, Coins, Bills, Stocks, Shares and Options by Henry Deutsch'>Arbitrage in Bullion, Coins, Bills, Stocks, Shares and Options by Henry Deutsch</a> <small>PREFACE THE literature on the subject of the present book...</small></li>
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		<title>The Masters of Capital &#8211; A Chronicle of Wall Street by John Moody</title>
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		<pubDate>Wed, 24 Mar 2010 14:56:39 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Stock Market and Other Trading Markets]]></category>
		<category><![CDATA[Accumulation Capital]]></category>
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		<description><![CDATA[In this &#8220;book, &#8220;Masters of Capital&#8221;, we have a most remarkable &#8220;Time and Motion Study&#8221; of Capitalism in action. In fact, it is, in effect, a copy of their formula, given us by one of the lf keepers of the seals and records &#8220;, with accompanying exhibits of its effects, before and after. If proof of the pudding is really in the eating* it might be mentioned that I have seen and tasted most of the flavors, having lived a long life in the railroad atmosphere, and observed most kindred and related activities, from the time of my entering their service in 1883 to the date of the last newspaper. Please Activate the Full Screen Mode for Better Viewing Pleasure (2nd button from the left) LINK http://bikibook.com/books/masters-of-capital-a-chronicle-of-wall-street/ EMBED Related posts:Wall Street and The Country A Study of Recent Financial Tendencies &#8211; By Charles A. Conant PREFACE The essays contained- in this volume were written for... A Glimpse of Wall Street and Its Market by H.L Bennet INTRODUCTION-SECURITY INVESTMENTS. The career of the average American may be... Banks&#8217; Cash Reserves &#8211; Threadneedle street; a reply to &#8220;Lombard street&#8221; (by the late Mr. Walter Bagehot) INTRODUCTION. There are times when a merchant [...]


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		<title>Frenzied Finance by Thomas Lawson</title>
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		<pubDate>Mon, 22 Mar 2010 14:47:12 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Stock Market and Other Trading Markets]]></category>
		<category><![CDATA[Bank Failures]]></category>
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		<description><![CDATA[FOREWORD THERE will be set down in this book, in as simple and direct a fashion as I can write it, the story of Amalgamated Copper and of the &#8221; System &#8221; of which it is the most flagrant example. This &#8220;System &#8221; is a process or a device for the incubation of wealth from the people&#8217;s savings in the banks, trust, and insurance companies, and the public funds. Through its workings during the last twenty years there has grown up in this country a set of colossal corporations in which unmeasured success and continued immunity from punishment have bred an insolent disregard of law, of common morality, and of public and private right, together with a grim determination to hold on to, at all hazards, the great possessions they have gulped or captured. It is the same &#8220;System&#8221; which has taken from the millions of our people billions of dollars, and given them over to a score or two of men with power to use and enjoy them as absolutely as though these billions had been earned dollar by dollar by the labor of their bodies and minds. Yet in telling the story of Amalgamated, the most brazen and [...]


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		<title>Investment and Speculation &#8211; A Description of the Modern Money Market and Analysis of the Factors Determining the Value of Securities by Thomas Conway</title>
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		<pubDate>Mon, 22 Mar 2010 14:44:35 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Market Panics / Crashes]]></category>
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		<description><![CDATA[EDITOR&#8217;S INTRODUCTION It is no part of the purpose of this volume to teach the reader how to speculate. It is hoped, on the contrary, that the book will discourage speculation by the emphasis which it places on the importance of patience, intelligence and foresight in the art of investing. In the minds of many people speculation is a very sinister word, and a speculator a man morally no better than a gambler. It is the purpose of this volume to make clear the distinction between speculation and investment, to explain and illustrate the conditions which determine a safe investment, and to describe and illustrate the hazards inherent in all forms of speculation. Please Activate the Full Screen Mode for Better Viewing Pleasure (2nd button from the left) LINK http://bikibook.com/books/investment-and-speculation-a-description-modern-money-market/ EMBED Related posts:Lombard Street, A Description of the Money Market by Walter Bagehot Like the English Constitution, the English credit system is a... American Securities &#8211; the Causes Influencing Investment and Speculation and the Fluctuations in Values by William Grosvenor INTRODUCTION The extraordinary movements of the stock market during the... Investment and Speculation by Louis Guenther INTRODUCTION Every head of a corporation, every business man, in...


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		<title>Investment and Speculation by Louis Guenther</title>
		<link>http://bikibook.com/investment-and-speculation-by-louis-guenther-1196.html</link>
		<comments>http://bikibook.com/investment-and-speculation-by-louis-guenther-1196.html#comments</comments>
		<pubDate>Mon, 22 Mar 2010 14:41:59 +0000</pubDate>
		<dc:creator>Bikibook</dc:creator>
				<category><![CDATA[Market Panics / Crashes]]></category>
		<category><![CDATA[Stock Market and Other Trading Markets]]></category>
		<category><![CDATA[Crash]]></category>
		<category><![CDATA[financial markets]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[stock market]]></category>
		<category><![CDATA[stock markets]]></category>
		<category><![CDATA[trading]]></category>

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		<description><![CDATA[INTRODUCTION Every head of a corporation, every business man, in fact everyone employed in a responsible position and upon whose judgment the success of an enterprise largely depends, should provide himself with a general knowledge of the problem of investments and speculation. Investment and speculation are so closely associated with the well-being of trade that the two are inseparable. Figuratively speaking, they are the propelling forces governing the money market, which, in turn, is the vital life-blood of business. This is an indisputable fact. It cannot be denied. Many a merchant and many a manufacturer who has mastered the problem of investment and speculation has been able to put his knowledge to great financial advantage in his ability to foresee a drain upon the money market and its consequent effect upon interest rates by providing for all his banking accommodations long before interest rates have hardened. So, also, have they been able by anticipating a depression in trade to curtail expenditures and guard their credit accounts from weakness. Such a knowledge prevents them from being caught off their guard by a sudden dropping off in business. And, vice versa, they are in a position to detect a revival in trade [...]


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