The Stock Exchanges of London Paris And New York a Comparison
The Stock Exchanges of London Paris And New York a Comparison
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This same principle extends into international transactions, and the United States and England, Trading ' 'for the Account. " 41 instead of each shipping gold on all purchases in the other country, only do so to the extent of the balance of trade. When a dozen nations are trad- ing together the Exchanges between them be- come more complex, but otherwise do not differ. It is with transactions between members of Stock Exchanges identically the same as be- tween merchants of nations engaged in int...erna- tional commercial intercourse. Though this mode of settlement now obtains in English and Continental Exchanges, the Consolidated Ex- change of New York, with a plan similar, but in some respects preferable, is the only Stock Exchange in the New World that adopts "trad- ing for the account" with a Clearing House. The Stock Exchange of Philadelphia delivers stocks daily through the intervention of a Clearing House. In the Stock Exchange of London inactive securities, which are rarely dealt in, are not cleared, the list covering only such as are largely bought and sold.
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To quickly assess the difficulty of the text, read a short excerpt:
This same principle extends into international transactions, and the United States and England, Trading ' 'for the Account. " 41 instead of each shipping gold on all purchases in the other country, only do so to the extent of the balance of trade. When a dozen nations are trad- ing together the Exchanges between them be- come more complex, but otherwise do not differ. It is with transactions between members of Stock Exchanges identically the same as be- tween merchants of nations engaged in int...erna- tional commercial intercourse. Though this mode of settlement now obtains in English and Continental Exchanges, the Consolidated Ex- change of New York, with a plan similar, but in some respects preferable, is the only Stock Exchange in the New World that adopts "trad- ing for the account" with a Clearing House. The Stock Exchange of Philadelphia delivers stocks daily through the intervention of a Clearing House. In the Stock Exchange of London inactive securities, which are rarely dealt in, are not cleared, the list covering only such as are largely bought and sold.
What to read after The Stock Exchanges of London Paris And New York a Comparison?
You can find similar books in the "Read Also" column, or choose other free books by George Rutledge Gibson to read onlineMoreLess
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