Book reviews;Additions to the Library, June, 1920;Index to Volume III;

              Bulletin HASKINS & SELLS 83
Book Reviews
York, Thomas. Foreign Exchange,
Theory and Practice. (New York, The
Ronald Press Company, 1920. 182 p.)
The author of this treatise is the foreign
exchange editor of the Wall Street Journal.
His book has been written in response to
the awakened public interest in the subject
caused by the influence of deranged rates
of exchange on the commerce and financial
affairs of this country.
Discussion of the subject is confined
rather closely to the laws and fundamental
principles underlying the normal move­ment
of gold and fluctuations in exchange
rates. Transactions between New York
and London are made the basis for pre­senting
the theory. Exchange between
other countries and letters of credit are
touched upon, but are not discussed at
length.
The book must be read with care, be­cause,
as the author frankly states in the
preface and opening chapter, the matter
contained in the first seven chapters is pre­sented
through the medium of hypothetical
cases. Algebraic formulae are used ex­tensively
for the same purpose and will
need to be carefully studied.
The author has promised a second
volume dealing with the irregular exchange
conditions which have prevailed for the
past six years. This volume will describe
conditions which are entirely new in the
financial history of this country, and
should, therefore, prove unusually in­teresting.
Whitaker, Albert Conser. Foreign
Exchange. (New York, D. Appleton and
Company, 1920. 646 p.)
In presenting this book, Albert C. Whit­aker,
Professor of Economics at Stanford
University, has filled a long-felt need for
an extensive volume on the subject of
foreign exchange.