File:Wall Street guide - (1902) (14597814709).jpg

Identifier: wallstreetguide00jlmc (find matches)
Title: Wall Street guide /
Year: 1902 (1900s)
Authors: J.L. McLean & Co.
Subjects: Stock exchanges
Publisher: New York: J.L. McLean
Contributing Library: Columbia University Libraries
Digitizing Sponsor: The Durst Organization

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equal to 2.83 bushels. Hedge.—The operation called hedging by speculatorsis practically the same as straddling, though the termsare not synonymous. Traders hedge to avert a lossand straddle for a profit. (See Straddle.) Holding the Market is to buy sufficient stock tokeep the price from declining. Hypothecate.—To pledge anything for money bor-rowed. Incorporated.—Formed into a corporation or legalbody; as a company for the transaction of business.(See Corporation.) Indemnity.—Exemption from loss or damage, pastor to come. The owner of private property, taken forpublic use, is entitled to compensation or indemnity. Indorse.—To write ones name either on the backor face of a note, draft, or other negotiable paper.In a broad sense, to give ones name or support to;to sanction. In Sight.—Said of stocks of grain, cotton, coffee, orother merchandise available for immediate use. Grainstored in private warehouses, or held by producers,is not usually included in the supply in sight.
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WALL STREET GUIDE. 53 Insolvent.—Not having sufficient estate to pay onesdebts. Instalment.—A part of a sum of money to be paidat a particular time. Internal Revenue.—Taxes, duties, customs, etc.,which a nation or state collects and receives intothe treasury for public use. Investment Buying.—This phrase is generally usedin contradistinction to buying for speculation, or fora quick turn in the market. It is understood to meanbuying to hold for a considerable time. Irish Dividend.—An assessment. Keg.—A package or cask of any size less than one-half barrel. A keg of nails contains 100 pounds. Kilo.—A contraction of kilogramme. One hundredkilos are equal to about 221 pounds; or, to be exact,220.475 pounds. Kreutzer.—(German Empire.) A coin of variablevalue, but in all cases worth less than a cent. Legal Tender.—That which the law authorizes tobe tendered in payment of debts. Strictly speaking,it is the exact amount of the debt in current funds.It is not a legal tender t

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