This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ... remit specie thence instead of from home. "Thus if it were found that in Paris 100,000, or its equivalent (2,521,588.94 francs), could, owing to low rates of interest in Paris and high rates in New York, be obtained more readily in the former place, a house having international connections and credits ...
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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ... remit specie thence instead of from home. "Thus if it were found that in Paris 100,000, or its equivalent (2,521,588.94 francs), could, owing to low rates of interest in Paris and high rates in New York, be obtained more readily in the former place, a house having international connections and credits would cable an order upon Paris to remit francs in stead of exporting eagles--settling with Paris in another manner, if necessary. In this manner credits at one-point are continually used to settle debits at another; and such transactions of a triangular nature, known as arbitrages, are continually made use of. In fact, a fourth place may in some instances be utilized by shrewd and well-informed exchange dealers--and the conditions are as frequently created by the use of credits, being then in effect loans--the dealer selling the bills engaging to repay at a future time, when he may feel sure of obtaining exchange at the same or a more profitable figure; thus exports of gold are sometimes postponed, and even entirely avoided, by bridging over the period of short supply of commercial bills until the usual period of their natural appearance in the market. "The condition of exchange between the gold-using countries and those maintaining a silver or a depreciated paper standard are much more involved, depending, as they do, upon the price of gold in the units of the respective countries." CHAPTER XXIII. THE SUB-TREASURY AND ITS WORK. The Sub-Treasury of the United States occupies a building fronting on Wall Street and extending north along Nassau to Pine Street. It is one of Wall Street's notable buildings. Standing on a pedestal in front of the entrance is the Ward bronze statue of Washington. The first public use of the...
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Add this copy of The a B C of Wall Street to cart. $42.69, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2010 by Nabu Press.
Add this copy of The a B C of Wall Street to cart. $49.00, good condition, Sold by RPL Library Store rated 5.0 out of 5 stars, ships from Rochester, NY, UNITED STATES, published 1900 by S. A. Nelson.
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Seller's Description:
Good. No Dust Jacket. Size: 5" X 6 3/4"; GOOD / NO DUST JACKET. 164 pp. Initials inside front cover and earlier price on front endpaper in pencil, first page of text has two lines underlined in pencil. Otherwise pages are lightly toned, but free of marks or damage. Endpapers more deeply toned. Includes a "Dictionary of Wall Street Words, etc." and a chart of banks ("Trust Companies") of the time, with financial statistics. 14 b/w photos and etching illustrations. Boards covered in dark green fabric. Shelfworn along top and bottom edges, and corners are all bumped, curling in. Small areas at top and tail of spine are worn to boards; former title label on spine is almost completely chipped off. Covers show some rubbing; binding is solid. Has survived well for being over 100 years old.
Add this copy of The a B C of Wall Street to cart. $56.29, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2016 by Palala Press.
