Chapter I: Front Matter

Transcriber's Note:

This version of the text cannot represent certain typographical effects. Italics are delimited with the underscore character as _italic_.

The Stock Exchange

BOOKS ON BUSINESS

_Crown 8vo. 2s. 6d. net._

A series dealing with all the most important aspects of commercial activity.

"Short, pithy, simple, and well informed, and written by men of
acknowledged authority, these books are equally interesting, whether
the reader knows something or nothing of the subject."

_Manchester Guardian._

PORTS AND DOCKS. By DOUGLAS OWEN, Barrister-at-Law, Secretary to the
Alliance Marine and General Assurance Company.

RAILWAYS. By E. R. MCDERMOTT, Joint Editor of the _Railway News_,
City Editor of the _Daily News_.

THE STOCK EXCHANGE. By CHAS. DUGUID, City Editor of the _Daily
Mail_, Author of the "Story of the Stock Exchange," etc. etc.

MONOPOLIES, TRUSTS, AND KARTELLS. By F. W. HIRST.

TRADE UNIONS. By G. DRAGE.

THE BUSINESS OF INSURANCE. By A. J. WILSON, Editor of the
_Investors' Review_, City Editor of the _Daily Chronicle_.

THE ELECTRICAL INDUSTRY. By A. G. WHYTE, B.SC., Editor of
_Electrical Investments_.

LAW IN BUSINESS. By H. A. WILSON.

THE MONEY MARKET. By F. STRAKER, Fellow of and Lecturer to the
Institute of Bankers and Lecturer to the Educational Department of
the London Chamber of Commerce.

THE SHIPBUILDING INDUSTRY. By DAVID POLLOCK, M.I.N.A., Author of
"Modern Shipbuilding and the Men Engaged in It," etc. etc.

THE BUSINESS SIDE OF AGRICULTURE. By A. G. L. ROGERS, M.A., Editor
of the last Volume of the "History of Agriculture and Prices in
England."

THE BUSINESS OF ADVERTISING. By C. G. MORAN.

THE COTTON INDUSTRY AND TRADE. By S. J. CHAPMAN.

CIVIL ENGINEERING. By T. C. FIDLER.

THE IRON TRADE OF GREAT BRITAIN. By J. S. JEANS.

THE BREWING INDUSTRY. By JULIAN L. BAKER, F.I.C., F.C.S.

THE AUTOMOBILE INDUSTRY. By GEOFFREY DE HOLDEN-STONE.

MINING AND MINING INVESTMENTS. By A. MOIL.

THE STOCK EXCHANGE

BY
CHARLES DUGUID

CITY EDITOR OF "THE DAILY MAIL"
AUTHOR OF "THE STORY OF THE STOCK EXCHANGE"
"HOW TO READ THE MONEY ARTICLE"
ETC. ETC.

THIRD EDITION

METHUEN & CO. LTD.
36 ESSEX STREET, W.C.
LONDON

_First Published.... February 1904_ _Second Edition..... November 1906_ _Third Edition .... November 1913_