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Since the reason for this loan as well as the disposition of proceeds are practically the same as that of most of the other Allied issues in this country in which thousands of our investors have participated, it is well worth explaining because it also carries with it a lesson in international barter. Here it is: Before the war our foreign trade was growing fast.

He believes that volatility increases near the bottom, reflecting panic selling and decreases near the top, when investors are in full accord as to market direction. But most market players follow the trend. They sell when the VIX is high and, thus, portends a declining market. A bullish consensus is indicated by low volatility. Thus, low VIX readings signal the time to buy.

Nearly a year had been spent in stirring up the people of Bidwell to the point of becoming investors. Then things began to stir. The ground was broken for the erection of the factory. No one knew of the difficulties that had been encountered in attempting to perfect the machine and word was passed about that in actual tests in the fields it had proven itself entirely practical.

Quite apart from all this, all over the country there were generals who had come from the ranks of the gentry, and who collected the whole of the financial resources of their region for the support of their private armies. Investors had little confidence in the republican government so long as they could not tell whether the government would decide in favour of its right or of its left wing.

He became the managing director or chief consulting engineer of a score of mining companies, and the simple association of his name with a mining enterprise gave investors and other engineers a perfect confidence in its success and its honest handling. Two of his largest undertakings were in Russia, one at Kyshtim, in the Urals, the other at Irtish on the Siberian plains near Manchuria.

And in this stretch of ocean, lookouts were mastheaded at day-dawn and kept mastheaded until twilight of evening, when the Mary Turner was hove-to, to hold her position through the night. As time went by, and the scent, according to the Ancient Mariner, grow hotter, all three of the investors in the adventure came to going aloft. Grimshaw contented himself with standing on the main crosstrees.

Some of it towards the last was so dishonestly built that it collapsed within a year upon its foundations, but some miles of it still stand. I never think of it now but what I think of the hundreds of eager little investors who followed his "star," whose hopes and lives, whose wives' security and children's prospects are all mixed up beyond redemption with that flaking mortar....

Indeed, they could not have continued to pay dividends on the amount of stock which they had sold; they had never expected to do any such thing. What they did was promptly to close the business. The price of the stock dropped immediately to the neighborhood of zero, millions of values were canceled, and thousands of investors were made to suffer loss.

I was asking Richard to-day, and he says Sir Redmond holds a large interest in the Northern Pool, and other English investors pay him a salary, besides, to look after their interests. I wouldn't be surprised if the holdings of both of you would be sufficient to control the business." Beatrice, not caring anything for business anyway, said nothing. "Any one can see the man's crazy for you.

Very often it is intended for purposes of stockjobbing. The financial world is percolated with it. It is the common method of raising or depreciating securities, attracting investors, preying upon the ignorant and credulous, and enabling dishonest men to rise rapidly to fortune.