Helena weekly herald. [volume] (Helena, Mont.) 1867-1900, 1881-08-04
Helena, Montana, Thursday, August 4, 1881.
""r"s ana Phrases Used by Stock Rro-
kcrs and Spectators,

{ kcrs and Spectators,
Bear niarket-When the market is heav
ana la4f'ng, and lower prices are expected, il
consequence OF the efforts Of the bears
Dear tne market-i. e., operate for de
cnne' "A pear is naturally short" of stocks
and expecting to profit by decline.
borrowing and. loaning stocks-When
party has sold stock short and has not bough
It in by the time delivery must be made. h
"borrows" the stock for the purpose of maI
ing delivery, paying the owner the marke
price at the time, and agreeing to return it a
the same price on demand, or at a fixed time
the lender OF the stock paying the borrowe,
an agreed rate of interest on the money o.
the borrower paying the lender an agreed
premium tor the use Of the stock, as the cas-,
may be.
cover, to cover ones shorts'-Where STOCK
mas been sold short and the seller buys it in
10 reailze ms profit, or to protect himsel
from loss, or to make his delivery This i.
! covering short sales"
"A cail-1hC privilege obtained, for a con,
slderatlon, OF calling for a certain number OF
s!iares OF stock, ut given price, within q
time named
Carrying stock--ltolding stock by q bro
ker lor his customers OH a margin
Enquc-A combination of operators form
ca ior the purpose Of artiticially influencing
the market by their combined operations
CorneS-Whcn the market is oversold. the
shorts, II compelled to deliver, sometimes
find themselves IN n Corner
Curbstone brokcrs-Men who arc not mem
oers OF "ny regular organization and Go bus-
ness mainly upon the sidewalk.
Flyer-ls a small side operation, not en-
ploying ones whole capital or not in the line
OF his ordinary operations.
Lamb--a very green "outsidcr' who ESSAYS
speculation.
Limited order--in order TO buy and sell
within certain fixed price, above or below
which the party giving the order docs not
wish to go.
Margins-Whcre one buys or sells for
ulation, and deposits with his broker . per-
centage OF value to enable the latter to car
ry" the stock and protect him against loss
from fluctuations in value.
Alilking the street.-The act of clioues or
great operators who hold certain stocks so
well i'll hand that they cause any fluctuations
they please. By alternately lifting and de-
pressing prices, they milk the small opera
tors and the outside public
Put-To buy put" is to obtain the right,
tor consideration, to deliver a stock at a
certain agreed price within given number
of days.
Stop Order-An order to sell out a stock in
case it should decline to Il certain price, or to
buy in short stock in case it should advance
to a certain price. A means adopted by a
party long Or short of stock to limit
his loss to a certain figure
Turning stocks-Consists in buying for
cash or regular way, and selling a like
of the same stock at the same time,
Oh option" thereby making + per cent in
terest and any difference that may exist at
the time between the market price of the
stock for cash and on option; or selling for
cash and buying on option, when the stock
IS hard to carry and the holder, hoping for a
rise does not want to get out Of it,
Twist on the shorts A clique phrase used
where the shorts have oversOld heavily, and
he market has been suddenly advanced, .
them to settle at ruinous rates
IL when stocks are withdrawn from the loan
market and made difficult to borrow except .
It large premium for their use. /
Washing-Is where one broker grranges =,
With another to buy a certain stock when he
,ffers it for sale. The bargain is fictitious,
md the effect, when not detected, is to keep
t quoted and afford basis for bona tide
alcs 1t is not cOuntenanced by the rules of
he exchange, and if discovered renders MEM
,ers engaged in it liable to the penalty of
expulsion.