The Rationale of Market Fluctuations |
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Page 27
... debt a security instantly saleable in those capitals at about a certain price obviously answers the same purpose as transmitting a bill of exchange which hap- pens to be coming due there . " The existence of a mass " of Stock Exchange ...
... debt a security instantly saleable in those capitals at about a certain price obviously answers the same purpose as transmitting a bill of exchange which hap- pens to be coming due there . " The existence of a mass " of Stock Exchange ...
Page 50
... debt securities Other securities £ 11,015,100 3,981,900 £ 15,000,000 Gold coin and bullion 22,750,000 £ 37,750,000 £ 37,750,000 The law insists upon this : if note - money is to be issued on the security of gold - money , the gold shall ...
... debt securities Other securities £ 11,015,100 3,981,900 £ 15,000,000 Gold coin and bullion 22,750,000 £ 37,750,000 £ 37,750,000 The law insists upon this : if note - money is to be issued on the security of gold - money , the gold shall ...
Page 63
... debts ; and there is always so much indebtedness among merchants that such appliances are facilitated as well as made necessary if business is to be unim- peded . It is well known that money is in reality little used , but that ...
... debts ; and there is always so much indebtedness among merchants that such appliances are facilitated as well as made necessary if business is to be unim- peded . It is well known that money is in reality little used , but that ...
Page 72
Arthur Ellis. universal demand ; credit was shaken and creditors wanted their debts paid in currency and not in promises to pay ; but gold was also in demand for the same reason , and therefore when the value of paper dollars suddenly ...
Arthur Ellis. universal demand ; credit was shaken and creditors wanted their debts paid in currency and not in promises to pay ; but gold was also in demand for the same reason , and therefore when the value of paper dollars suddenly ...
Page 74
... debts here find a large supply of bills on offer and do not pay so much for them as if they were scarce . Occasionally one country may be so much in debt to another that the bills on that other country are not nearly sufficient to wipe ...
... debts here find a large supply of bills on offer and do not pay so much for them as if they were scarce . Occasionally one country may be so much in debt to another that the bills on that other country are not nearly sufficient to wipe ...
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Common terms and phrases
acceptors Alexander Collie America Bank of England Bank of France Bank rate bankers bill brokers borrowers branch bank brought bullion buyers capital cash caused cent checked cheques cloth commercial commodities consequently Consols cotton currency dealers debts demand deposits depression discount houses dividends drain Edition effect exports failures fall favour firm fluctuations foreign loans Germany gold Government harvest HENRY RUTTER increased India inflation investment investors joint-stock banks lend lenders less LONDON EFFINGHAM WILSON long bills loss manufactures Maps market price market value merchant money market obtain occurred organisation p. c. Market rate panic Paris Paris Bourse payments Post 8vo produce profit purchases railway mania railway stocks rate of interest reaction real money realise remittance reserve rise ROYAL EXCHANGE Russia securities sell seller silver sold speculation stamp duties Stock Exchange sudden supply Tables trade transactions value of money wages
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Page 65 - ... half times as valuable as they were in 1809. Since 1849 the value of gold has again fallen to the extent of at least 20 per cent.; and a careful study of the fluctuations of prices, as shown either in the Annual Eeviews of Trade of the Economist newspaper, or in the paper referred to above, shows that fluctuations of from 10 to 25 per cent. occur in every credit cycle.
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