South African War and finance, 102, 103
Specialization, dangers and evils of, 153 _seq_.
State, as saver of capital, 21
Stock Exchange, as regulator of new issues, 169, 170;
effect of war on, 95;
securities dealt in on, 42 _seq_.
Stock markets, fluctuations of, 61, 62;
international relations of, 62


TRADE balance, 80, 81


UNDERWRITING of loans, 46, 48;
risk involved by, 53


VENEZUELA and German diplomacy, 107


WAR, effects of, on finance, 92, 93;
lessons taught by, 161 _seq_., 175 _seq_.



THE END