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A matched two-volume lot from Nelson\'s Wall Street Library — the early-1900s series that gave the world the term \"Dow Theory\" (in its companion volume, The ABC of Stock Speculation). This pair puts two more cornerstones of Gilded-Age Wall Street literature on the shelf together:
Volume VI — The A B C of Options and Arbitrage by S. A. Nelson. New York: S. A. Nelson, 1904. First edition. A genuinely important early text on options and arbitrage — still cited by historians of derivatives and option pricing, drawing on the transatlantic option-trading practices of its day. A must for any collector of options, quant, or trading history.
Volume III — The Theory of Stock Speculation by Arthur Crump, edited by S. A. Nelson. Garden City, New York: Doubleday, Page & Company, 1912. Crump\'s classic study of the psychology and mechanics of speculation, adapted by Nelson for his American Wall Street Library.
Both bound in the series\' green cloth with the original printed paper spine labels (\"Wall Street Library,\" with volume number and title). A handsome, genuinely old pair for a trading desk, a finance library, or the collector building out the full Nelson set.
Provenance:One volume carries a period pencil ownership signature, \"Kenneth MacNeal,\" on the front endpaper. There was a notable accounting theorist by that name (author of Truth in Accounting, 1939) — a fun thematic fit for a finance book — but I can\'t verify it\'s the same person.
Condition — Good, honest antiquarian copies. Both are sound and complete with clean, unmarked interiors and age-toning to the pages. The green cloth shows rubbing, soiling, and shelf wear; the paper spine labels are toned and chipped; the spine ends are bumped and lightly frayed. Options and Arbitrage has a light crease to the title page. Please review all photos closely — they form part of the condition description.
Two authentic pieces of early-1900s Wall Street history, sold together.
