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The Stock Exchange

Chapter 2: PREFACE
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About This Book

This concise guide explains the workings of the securities market for general readers, mapping its role as a marketplace for stocks, bonds, and company shares, the duties of brokers, jobbers, clerks and committees, and the mechanics of trading, settlement, and option dealing. It surveys price lists, record-keeping, failures, and the typical day-to-day life of market practitioners, offers practical hints and restrained criticism, and outlines institutional history and social dimensions, aiming to demystify operations and show how the market organizes capital for investment and enterprise.

PREFACE

In accordance with the scope of the series of Books on Business, of which this little work forms an item, its main object is to explain to the unversed in simple terms the somewhat complicated machinery of the Stock Exchange. Some criticism is ventured upon here and there, and a practical hint may be gleaned now and again from its pages; but the real aim of the book is merely to explain, not to comment. If the book conveys some idea of the important part the Stock Exchange plays in the economy of the nation, and of how it plays that part; if it furnishes a solution of the various mysteries which the routine of the Stock Exchange presents to many minds, the objects of the little work will have been attained.

Owing to the continued demand for the book, and to the changes which have occurred during the decade which has elapsed since it was written, it is now reprinted in revised form.

C. D.

Park Lodge,
New Barnet, Herts,
July, 1913.