The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1873-07-31
BULLS ARD nEAlta.


The following interesting definitions
Of the terms in general use among
brokers and bankers are furnished Us
| by MCsses. Cgossman " Co.:
B 60 means buyers sixty days; That
II, the person who sells the sock has
TO carry II for sixty days, receiving
iaterest at the rate of six per cent. pei
amman, unless the buyet of the stock
should call the stock heiO.'e the eXpira
ton Of that timt which he can DO by
giving one days no,icc,
b 60 WI means buyer GO days, with.
out notice; that is TIE stock can b5
called ut any time by eiyilg notice
before half past ten O'Clock in the
incoming.
b As means buyers IS days that is
tn seller has to carry the stock for 4
days-pniess the buyer cal ii betor,
the time eXpitcs. !.
b so meals buyer so days, same rs
above, the seller only haviDg to q, r.
the stock go days.
| B6 means buyer 6 days, same ~
above.
B5f fit means blyer days flat thu
word fiat meaning that no interest is t.
be paid, the seller agreeing to carry til,
stock 8 days for no hing.
| B3means buyer dayS' the seller
carries the stock 3 days for nothing,
Buyer3 never carries interest, nor l.
interest ever paid on buyer 3, two DAYS,
or regular way, unless SO specified.
Il 3 " int means the same ms above,
except that interest is charged by the
seller for carrying the stock three days.
z DIS means The seller carries the stock
for two days.
Eds Mint same as the last except
that Interest Is charged.
rlneans Irregular way;n that is, the
stock Is not delivered or pad for until
the day following that OH which the
sale Is made.
+ " int means that one days interest
Is charged
Cmcans cash; that is, that the stock
is delivered the same day on which the
sale Is made. Where no time is men,
toned, il is understood to be- n the
Irregular way.n
$50 means "seller 60 days;n that H.
the seller has the opt ON o. delivering
the stock ut any time within 60 days.
upon giving the buyer one days no
tice.
5 $50 wn means "seller GO days with
out notice." that is, the seller can de-
Allverthe stock by notifying the buyer
before hali-past 10 O'clock ~ NJ, of his
intention.
S As, 5 so; $ 10, etc, etc, mean sim
ply Is, 30, Is and 10 days, the seller
having the option of making his de-
livery at nytime before the expiration
of the number of days specified.
60 DIS. seller alter Is, or, 60 DIS. seller
Iafter30, means seller cannot deliver
the stock before Is or Thirty days, but
n,.er thai time he has the option ofdo-
ing'co at any time before the sixty DAYS
have elapsed, l days notice being given;
vn means that notification Of delivery
may he made the same day before 10l
A. NJ. instead of the day before.
ca ds. OF 70 dis. means $50 DAVIS or q,
DIS. straight out" that is, the con. ract
is made for that number of days, --nei-
ther buyer or seller heving any option
in the matter. The stock cannot be
called or delivered until the time agreed
upon has expired.
A "calto is the privilege of calling
and paying for u stock ut cer,ain
price, hypayinga certain amount down
to the one who sells he "call.n
4 ''pul" is The privi eye of deliver
ing stock at a certain price, to the par-
ty who Stands or sell the "put,' by
paying oe lain amount of money
down.