4 research outputs found
The China A shares follow random walk but the B shares do not
No full textThe China A-Share stocks and the China B-Share stocks are common stocks issued by companies incorporated in China. These two classes of common stocks differ in the nationality of the investors each is restricted to by law. For the most part, the A shares, quoted in the Chinese yuan, or renminbi, are for Chinese nationals while the B shares, quoted in foreign currencies, are for non-Chinese nationals and residents of Macau, Hong Kong and Taiwan. This paper identified eighty-six companies issuing both the A and B shares and tested if these shares weekly returns follow a random walk. Employing the Lo and MacKinlay variance ratio test statistics, it is discovered that five times more B shares rejected the random walk as did the A shares. Moreover, both the Shenzhen and Shanghai B-Share indexes reject the random walk while neither the Shenzhen nor Shanghai A-Share index reject the random walk.
The Taiwan stock market does follow a random walk
No full textApplying the Lo and MacKinlay variance ratio test on the weekly returns from the Taiwan stock market from 1990 to mid 2006, I obtained results strongly indicative of the fact that not only does the Taiwan composite stock index move in a random walk fashion, returns for the individual stocks do so as we. Previous authors employing the same methodology obtained opposite results, namely, that the movements of the Taiwan stock composite index do not follow a random walk.random walk
Kent Historical Society Newsletter, Volume 3, Spring Issue, March 1990
No full textKENT HISTORICAL SOCIETY NEWSLETTER
•PRESERVING THE PAST TO IMPROVE THE FUTURE"
A Society dedicated to the preservation of historical artifacts and
properties within the City of Kent, Ohio
March, 1000
152 Franklin Avenue, P.O. Box 663*Kent, OH. 44240*Phone (216)678-2712
A Quarterly Publication Volume 3, Spring Issue Ma.rch, J 990
You Are Invited
Dr. George w. Knepper w i 11 be our
speaker March 20th at 7pm 1n the
Donaghy Room of the Kent Free
L 1brary.
The f1rst introduction to government,
1n what is known today as the State
of Ohio, was in 1787 when the
Northwest ordinance was granted by
congress. This ordinance later
created the states of Oh1o, Indiana,
111 inois, M1ch1gan and part of
Minnesota.
What better place to start' out our
meeting this month than having a
speaker who 1 s an authority on Ohio
and the Northwest ordinance. Dr.
Knepper·s top1c w111 be on the western
Reserve area, particularly Kent and
how its people fit into the history of
Ohio. Dr. Knepper will have cop1es of
his latest book for sale which he w111
autograph for you.
Dr. Knepper is a distinguished
Professor of H1story and the
University Htstorian at the University
of · Akron. He was born and raised in
Akron, received a B.A. degree in
History from the University of Akron,
and M.A and Ph.D. degrees from the
University of Michigan. He has taught
at the University of Akron since 1954
and ts the author of f1ve books dealing
with aspects of Ohio. His most recent
pub1icat1on, Ohio and Its Peopl~ is
the first general history of the state
written in this generation. Dr.
Knepper 1s act1ve 1n many
organ1zat1ons. He has served as
president and trustee of The Ohio
Historical Soctety, the Ohio Academy
of History, and the Summit County
Historical Society. He is a member of
many other professional organizations
and served on the Ohio Commission on
the Bicentennial of the Northwest
Ord1nance. He is a former Fulbright
Scholar, has won a number of teaching
awards and was recognized 1n 1982
with an award for the best book on
Ohio 1ocal history.
Want Help Finding Your Roots?
Need A Speaker For Your CJub?
A SPEAKERS BUREAU was organized
one year ago by Marlene Mackenzie of
Rootstown, Ohio, who represents The
Church of Jesus Christ of Latter-day
Saints. The speakers w111 speak to
groups about several topics which
include FAMILY HISTORY and WRITING
A PERSONAL HISTORY. They are
wi11ing to speak to groups free of
charge. You can make arrangements
by caliing Mrs. Mackenzie at phone
number 325- 7800.
For those who are interested 1n doing
genealogical research with attendants
on hand and totally free of charge, you
can call THE FAMILY HISTORY CENTER
LOCATION 1n Akron at 735 N. Revere
Rd., phone number 836-8216. The
center is open during the following
days: Mondays and Wednesdays 1 Oam
to 2pm, Tuesdays and Wednesdays
6:30pm to 9:30pm, and Saturdays 9am
to 5pm at The Church of Jesus Christ
of Latter-day Saints. Please feel free
to call or v1s1t the center any t1me
during the hours and days rnent 1oned.
The church also has a FAMILY HISTORY
CENTER LOCATION in Kirtland at 8751
Kirtland Rd., phone number 256-8808.
The1r hours are Tuesdays and
Saturdays from 1 Oam to 2pm,
Thursdays and Fridays 7pm to 9:30pm.
You are welcome to call or v1s1t any
time during the days and times given.
We want to help you with your
genealogy 1n any way that we can.
Needed Guest Authors
We need guest authors to wr1 te
stories for future newsletters. If you
have wr1t1ng ab111ties and 1nteresting
stories about Kent history, Kent
Glass, AGWRR, family outdates, Kent
family histories, etc., we would
welcome your participation. -call us
at 6 78-2712 on Wednesdays, l 1 am to
2pm, or at my home 6 73-4682. Ask
for Bi 11 Birkner.
latest Acquisitions
Francis Kline donated twenty-nine
Reco1lecttons of an Old Settler books.
Reprinted in 1964, 1t was written and
first published in 1874. Francis also
donated twenty-four Portage Herl-tage,
books, a Portage county history
from 1807 to 1957. His intention was
that we could sell these books to help
fill the financial obligations of the
soc1ety.
Some of the stories are so
interesting, I decided for this issue to
give you some excerpts from these
two books, to wet your appetite, so to
speak, for purchasing one or both of
these books wh i 1 e they 1 ast.
"The Savage Woolyn1g"
"Portage County·s ear11est historian,
describes the wild animals to be
found when settlers first came, tells
of the ·woolyn1g· as fallows: 'The
woolynig is an animal about the size
still larger than the wildcat, not so
long 1n the legs, but heavier and
stockier built. They are of a darker
color. They have large whiskers on
each side of the head. They look
savage and are as savage as they look.
They are the hardest customers that
roam the f crest, according to their
size. The w11dcat 1s smaller than the
woolynig. He is about as large as a
small sized dog, but of longer legs in
proportion to his body. He is fond of
feathered f Jocks, such as chickens,
geese, ducks, as well as pigs and
lambs, and sometimes kills smallish
deer, etc.' It is believed that the
·woolynig,· described by Cacker, was
the lynx or wolverine, both of which
had reputations for fighting ferocity."
The first of these excerpts is from
Cackler's Recollections of an Old
Settler.
The following excerpts are from tr1e
nook Portage Heritage which was
written by many authors and edited by
Dr. James B. Ho 1m.
"What A Man -- Pod Moore"
11 Some of the boat captains of the old
P. & 0. Canal were what in later days
would be called ·colorful' characters.
One ·such was Capt. Roland Lorenzo
Oren Moore, known as 'Pod Moore.' Six
feet, ten and a half inches tall, big
girth and strong as a bull, he could
bend s11ver dollars w1th his f1ngers.
He was a prodigious eater and drinker
and his drinking bouts lasted all night.
It 1s told that once when his boat was
waiting its turn at the lower Frank1in
lock, some one from another waiting
boat derisively yelled 'Fat Belly' in
his direction, he went into act ion and
personally and s1ng1e handed cleaned
up on the crews of three other boats
waiting lockage. It is also related
that 'Old Pod· was converted to
religion, joined the church and became
a great worker for Prohibition,
especially along the canal. He was
the father of 21 children."
"Garfield·s Canal Career"
"In the d1ary of James A. Garfield, he
refers to his work on the canal as
follows:
Aug. 16, 1948 - Went to Cleveland.
Hired on the canal boat, Evening Star,
to my cousin A Lechter. Started up
the canal.
Aug. 1 7 - Passed through Akron.
Sept. 2 - From Akron we turned east
on the cross out which passes through
Cuyahoga Falls, Franklin, Ravenna,
Warren, Youngstown, and a short
distance from the latter place it
forms a Junct1on with the Er1e
extension, and from there went to
Beaver on the Ohio River. Hired a
steamboat to tow us up . the river to
Pittsburgh, where we arrived on the
26th.
Sunday, Sept. 27 · - Took a stroll.
Listened to two sermons on the street
by men hired by the authorities of the
place.
Oct 2 - Staid over Sunday. Unloaded
Monday. My bus1ness 1s 'bowing,·
which is to make the locks ready, get
the boat through, trim the lamps and I
get 12.00 per month of 24 days each. He
wrote that he ·expects trouble' there.)
Nov. 13, 1849 - Punished 5. Herrington
severely for disobeying and being
saucy. He endeavored to fight me but
finally gave up and 1s now a good boy."
The cost of these books are t 5.00 for Portage Herjtage. You can
pick them up at the Ra11road Station
Museum.
'
- ,
. ' ·. ' '·' ~ .
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II
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Kent HlItor1ca1 society
152 Franklin Bue., P.O. Baa 663
Kent, Ohio +1240
~ .
~.- .... ,
• ..:: ~ rat· -. Ii 'iiliDiW ~ IDlilililB - ~ r,
111 .... --.,
We are lootin9 for Historical Artifacts,
We need items for the Museu1D that
relate to Kent·s herita9e. If vou have
tnovledge of ang items that vou feel
vould enhance our exhibits. call:
678-2712 on Wednesdag·s betyeen
11 :00 A.M. and 2:00 P .M. L., ~ - .. .. II
,P"_i
-
. ..
~---- --- ·- -... .,, __.,. -... ~ - ..• ,
~ A,,L,.,I.J&J9:X,. _ -·=~- .:( ... ;.:.:
. )cent~hioMll,f:.._. . . ,~-.. , Jjj ,~:·-,_
➔ ~~ -~ .
MEMBERSHIP APPLICATION
Detach and mail to: Kent Historical Society
P.O. Box 663
-Kent, Ohio 44240
Name ______________ _
Street ______________ _
City _____ state ___ Zip Coo, __ _
ANNUAL MEMBERSHIP RATES (pJease check one)
_ Student 35.00
- S1ngle SJ o.oo _ S11ver Membershtp 15.00 _ Gol~ Membership 1 ,000.0
Minbar al-Sharq No.672 (Dec. 21, 1951), vol. 30
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