Description
The Principal Causes of the Stock Market Crisis of Nineteen Twenty Nine (1930) by E.H.H. Simmons
Alanpuri Trading, Los Angeles, 2022, Softcover, Reprint, Illustrated, An exact facsimile of the original 1930 edition by E.H.H. Simmons (President, New York Stock Exchange), 29 pp.
Summary: Transcript of an address delivered by E.H.H. Simmons (President of the New York Stock Exchange) at the Thirty-First Annual Dinner of The Transportation Club in Philadelphia, Pennsylvania January 25, 1939. Simmons reflects in this 29 pages address what he feels were the most important causes of the 1929 “financial disturbance.” (Crash)
Contents: Introduction, Part II. High Price Levels, Part III. Income Tax on Capital Gains, Mechanical Inadequacy of the Present Ticker Quotation Systems, Short Interest, Part IV. What effect will the Stock Market Liquidation have on Business? Effects on the Banking System, Final Thoughts — end. 29 pp. (List of Charts: Weekly Stock Prices 1929, Indices of Industrial Production 1923 to 1929, New York Stock Exchange Share Market Activity 1925 to 1929, Current Values of Securities Listed as Result of Right Financing and Cash Received by the Companies, Monthly Public Security Offerings of Corporate Securities (Net Capital) by type of security 1926 to 1929, Monthly Public Security Offerings of Corporate Securities (Net Capital) by type of enterprise 1926 to 1929, Relationship between Brokers’ Loans and Commodity Prices, Annual Public Security Floatations (Net Capital) 1919 to 1929)
This address by SImmons was given just 3 months after the 1929 crash and therefore is absent any of the knowledge of what was soon to come in the following decade. This is a great historical piece to view the mindset of NYSE President just 90 days after such catastrophic yet entirely predictable outcome to such a sharp run up of security prices.
ISBN-10: 1945574607
ISBN-13: 9781945574603
The Principal Causes of the Stock Market Crisis of Nineteen Twenty Nine (1930) by E.H.H. Simmons, 29 pp.
