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Stock Exchange Securities And How To Select Them | By Niel Ballingal Gunn



The company offers to its clients these principal attractions - absolute safety, premiums lower than in the majority of offices, large bonuses, and liberal policy conditions. The management is marked by a happy combination of push and care which promises a continuance of the prosperity the company now enjoys." - The Joint Stock Companies Journal.

TitleStock Exchange Securities And How To Select Them
AuthorNiel Ballingal Gunn
PublisherWilliam Blackwood And Sons Edinburgh
Year1823
Copyright1823, William Blackwood And Sons Edinburgh
AmazonStock Exchange Securities And How To Select Them
-Preface
The Institute of Bankers in Scotland, the Society of Accountants in Edinburgh, and the Institute of Accountants and Actuaries in Glasgow have arranged for several years past an annual course of lectur...
-Introductory
Before beginning this course of lectures on Stock Exchange Securities, at the request of the Society of Chartered Accountants, the Institute of Accountants and Actuaries in Glasgow, and the Institute ...
-Introductory. Part 2
Accrued Interest In the case of almost all stocks1 and shares bought in this country the purchase-price includes the accrued dividend - that is, the proportion of dividend or interest that will have ...
-Introductory. Part 3
The classes of Stock Exchange securities authorised under the English and Scottish Acts are as follows, viz.:- England And Ireland 1. Government securities, public funds, or Parliamentarystocks of t...
-Consols
The first class of security in the Share List contains all British funds, etc.; and the principal items in it are composed of the various classes of securities which make up the funded debt of the Uni...
-Consols. Part 2
It is this expression Consolidated Fund that has been abbreviated into Consols. As to the history of Consols, it is probably sufficient to go back for a period of twenty years, when the greater p...
-Consols. Part 3
The Bank of England discount rate remained for a period of two years and four months at the exceptionally low figure of 2 per cent; and the market rate for temporary advances on first-class securities...
-Consols. Part 4
Take the case of a speculator who applied for one million of the stock, and who obtained an allotment of 50,000, or 5 per cent of his application. The amount paid on application was 30,000. If he wa...
-Foreign Government And Municipal Securities. Form Of Securities
At this stage I think it will be advisable to explain the different kinds of documents given to a purchaser on the Stock Exchange, or in other words, the form of certificate or voucher to which he is ...
-Foreign Government Securities
In the previous lecture I dealt with the British funds. The next classifications are those of Corporation and County Stocks in the United Kingdom ; Colonial and Provincial Government Securities; a...
-Foreign Government Securities. Part 2
The same remark applies to French securities, although the difference is not so great. The Stock Exchange value of the franc is at the rate of 25 to the 1, whereas the actual exchange varies from abo...
-Foreign Government Securities. Part 3
I have mentioned these five classes of foreign bonds as being possibly the only securities that are worth considering, except those which yield from 3 to 3 1/2 per cent interest, and which may be call...
-Municipal Securities
Municipal Debts - Corporation And County Stocks In The United Kingdom This, one of the most important classes in the Share List, comprises the bulk of the indebtedness of municipalities and county co...
-Municipal Securities. Part 2
There are several methods of measuring the relation which the debt bears to the resources of a city. We may calculate its amount per head of the population; but this alone is not a satisfactory test, ...
-Municipal Securities. Part 3
'The Times' mentioned several cases which were instructive, as showing the extent to which municipal extravagance can be carried, and the methods by which this extravagance in some cases has been fost...
-Municipal Securities. Part 4
In any comparison of the indebtedness of the various cities it is probably advisable to exclude London, which, as the metropolis, is in quite an exceptional position. I should like to have included Ed...
-British Railways
The various classes of railway stocks and shares represent what is probably the most important financial interest in the United Kingdom, or at least the most important which appears in the Share List....
-British Railways. Part 2
There are, however, in some cases influences which counteract the effect of priority. For instance, the Caledonian Railway 1884 Preference is at present quoted at a lower price than the 1887 Preferenc...
-British Railways. Part 3
The three classes of stocks which I have dealt with - namely, Debenture, Guaranteed and Preference, and Ordinary - form the great bulk of the railway capital; but there are several others which you wi...
-British Railways. Part 4
Now when you are asked to lend money on a house or landed property, you inquire in the first place what its rental is, and how much of that rental remains after paying the necessary outlay for taxes, ...
-British Railways. Part 5
The following are figures similar to those in the previous table, showing - (1) The net revenue of five of the great railways which have subdivided their ordinary stocks; (2) the amount required to pa...
-American Railways, Etc. American Railroads
The capital stock of the United States railways amounted in 1902 to 1215 millions sterling, and the bonded debt to 1293 millions sterling - in all 2508 millions, or about double the amount in this cou...
-American Railways, Etc. American Railroads. Part 2
There is also considerable difference in the method of finance in the two countries. Twenty or thirty years ago in America (and it may happen even now) when a line was built the company bonded it for ...
-American Railways, Etc. American Railroads. Part 3
The Pennsylvania Railroad The Pennsylvania Railroad is, as I have stated, an example of railway finance in its best form; but in the United States, as elsewhere, all kinds are to be found - good, bad...
-Banking Securities
The list of banks in the London Stock Exchange official list is to some extent made up of colonial and foreign banks, or at least of banks whose main business is conducted out of this country. I do no...
-Financial Trust Companies
The companies under the heading of Financial Trusts are of a varied character; but those to which I wish to direct your attention form the bulk of the list both in number and amount. I refer to the ...
-Commercial And Industrial Securities
I had not anticipated, when I prepared the syllabus of the lectures, that so much time would have been taken up with the classes of investment already dealt with, otherwise I should not have included ...









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