Part I
Chapter Page
I. Introduction 5
II. The Cycles of Speculation 21
III. The Gold Supply 37
IV. Money 59
V. Political Influences, Crops, Etc. 77
Part II
VI. Puts and Calls 89
VII. The Question of Dividends 101
Basing Railroad Values 104
Effects of Business Depression 105
Undigested Securities 108
How to Compute the Value of Rights 109
Barometer of Averages 110
Best Method of Trading 111
Indication of Crises 112
The Ordinary Swing of Prices 113
The Factor of Safety 114
Borrowing and Lending Stock 117
Scalping 120
Crop Damage 123
Selection of Securities 124
The Bank Statement 125
The Cycles of Stock Speculation 133
The Cycles of Grain Speculation 145
The Cycles of Cotton Speculation 155
Conclusion 163
Bibliography 176
The successful speculator requires four things:
1--A knowledge of values.
2--A knowledge of general conditions.
3--A knowledge of the machinery of speculation--and
4--Something besides.
I