The book The Stock Exchange was written by author John Felix Wheeler Here you can read free online of The Stock Exchange book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Stock Exchange a good or bad book?
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Such method of acquiring an interest in securities is greatly favoured by Continental specu- lators, and frequently when one reads that Canadian Pacifies were bought by Berlin, or Rio Tintos by Paris, it really means that operators in those centres were buying call options " giving for the call " is the technical expression. Not infrequently joint-stock companies mining and rubber undertakings more particularly offer their share- holders the option to purchase additional shares at a certain pri...ce at a future date, the reason being that the price of the existing shares may then have so much appreciated in value as to make the operation profitable to the shareholders. A notable instance of this was when the Chartered Company (the British South Africa Company) issued debentures with an 66 THE STOCK EXCHANGE option to subscribers of taking up at certain dates new shares at a certain price. Most of these options were exercised, and by this means the working capital of the Company was substantially increased.
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