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A Primer of Foreign Exchange

A Primer of Foreign Exchange

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ...it was safe to do so--and, taking their cue from the trend of the foreign exchanges, were able to point to signs of the coming of peace. We thus see why it is that the City article is read in commercial circles with so much interest and even enjoyment. The perusal of the City news is, however, becoming much more important to a wider circle of the reading public. At one time, the Jones's, the Smith's, and the Robinson's were only interested in the movements in the price of the shares they held in City tea-shops, far-away rubber plantations, or in gold mines in South Africa or Australia. The war has changed all that. We still watch our shares rising or falling in value, but our City editor having taken upon himself to initiate us into the darker mysteries of the appreciation and depreciation of money, we have commenced to turn to his writings to see how the quotation for the pound sterling is progressing in other countries, and step by step the columns on the City page are becoming something more than a closed book to the anaemic denizens of our over-crowded railway carriages. The truth is, the men and women of to-day who wish to be something more than mere nonentities, can no longer afford to ignore the City news; they are expected to be able to discuss it with the men of affairs, consequently, the City article has not only progressed but has advanced in favour; it is not only a complete guide to the commercial business of the metropolis, it is also a reliable record of the happenings in monetary circles all over the world, and among the many items which are furnished daily for our edification, we find the list of foreign exchange rates--a few columns of figures which, at the first glance, look like the proverbial Chinese puzzle. Here is a specimen, taken fr...