Wall Street

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Excerpt from Wall Street: A Practical Text on the Work of All Departments of the Brokerage House, With Information for Investors and Traders, Part I Covers the Methods, Routines, Bookkeeping and Accounting Practices of the Cashier's Cage, the Bookkeeping Margin, Stock RecordThe constantly increasing numbers of those who have become investors in the securities of the nation's industries in recent years has created a growing interest on the part of the invest ing public in matters pertaining to investments, in the work of Wall Street, and in the activities of the banking and brokerage houses in their handling of the financial work of the country. Of particular interest to the investor are those investment problems with which the investor is confronted in the selection of securities which will provide safety of principal, a good in come, and prospects of appreciation in the value of his security holdings.This interest has led to an increasing demand for informa tion on the subject of investments, and has resulted during the past five years in the publication of many works on investment and finance which has made available a broad fund of knowl edge to those desirous of becoming better informed on this rather complex subject.In this literature are many volumes on the principles of in vestment, investment analysis, the management of investment funds, the analysis of financial statements, the work of invest ment trusts, the structure, operation and methods of the stock market, and on the subjects of finance and economics as related to the problems of investment. Included also in this literature are treatises on the effects of new industrial developments and changing economic conditions on security values, on the rela tion of the cyclical movement of business to investments, and the significance of such movements as providing Opportunities for the more rapid enhancement of principal and income.Therefore, while today the field of investment literature affords many works of great practical value to the investor, to the best of the author's knowledge there exists no work on the routine methods and practices employed by brokerage houses in the handling of securities, or on the mechanics of the transactions involved in the purchase and sale of securities for investment, speculative or trading purposes.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.