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Largest of the bankers who were putting up money in railways, did not participate

Actively in a subscription to industrial shares before formation in 1898 of the company

"Federal soldier Steel". Founders of six of twenty eight companies, which Transfer Nevin and Sirs, not especially tried to push on the market

Preference shares. The company "the Electrician", for example, has been created by Dzheneral

In 1892 as a result of merge of company "Edison Elektrik" from Shenektedi, staff

New York, and companies "Thomsons-Houstons Elektrik" from Lynn, the State of Massachusetts, and

This merge has been fixed by the decision of Legislative Assembly of New York. It.

P.Morgan and a number of its colleagues invested 300 thousand dale. In the company "Thomas And.

Edison Elektrik Lajt "in 1878, to the invention of a bulb of Edison, and though

Morgan's firm actively promoted a company amalgamation "Edison" and

"Thomson-Houston" in 1892, she has played without delay a role of the investor, than the one who

Guarantees placement of securities or places them. In 1892 a question about Suitability of industrial shares for open trade still has been opened. The panic of 1893 has appeared turning point. First, it for a while

Has terminated new issues of industrial shares. Secondly, it has given the chance

To compare for four years of depression reliability industrial and railway Shares. Industrial shares have passed test by depression rather not bad. Thirdly, though for years of depression of merges was very little, number The industrial corporations which shares were quoted in financial journals,

Has grown from thirty in 1893 to hundred seventy in 1897 in the same place, with. 127.

Dynamics of merges after depression

Trusts the first have started to trade in industrial shares in the American markets,

And it is obvious that pressure of depression 1893 - has reduced 1897 yield

Great number of firms, and their holders were ready to get rid of them at the first

Possibilities. Not its sale has appeared in the most favourable method to sell firm

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Free Business Desktop Icons Free Business Desktop Icons is a pack of 10 ready icons to be used in commercial and personal products, including software, websites, blogs, and presentations. The graphics are free for personal, frequent and commercial use.

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