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The Investor's Catechism | By Marc M. Reynolds



Few people outside of professional financiers understand the investment of money. Investment is a business which demands constant application and an analytical study of all classes of securities, together with the local, national and international conditions which affect the world's markets.

TitleThe Investor's Catechism
AuthorMarc M. Reynolds
PublisherMoody's Magazine
Year1908
Copyright1908, Marc M. Reynolds
AmazonThe Investor's Catechism
-Introduction
FEW people outside of professional financiers understand the investment of money. Investment is a business which demands constant application and an analytical study of all classes of securities, toge...
-What Is: Above Par - Apex - Arbitrage
What Is Meant By Above Par? When a security is higher than par or nominal value. What Is An Account Of Sales? A statement of purchases or sales, or both, rendered to his client by a broker. What A...
-What Is: Argentine - Averaging Out - Balance
What Does Argentine Refer To? To Argentine Republic, a term used in the grain trade. What Is An Assignment? When a holder of stock transfers his holdings to another, he makes an assignment of his...
-What Is: Bale - Bank Of The United States
What Is A Bale? In speculative cotton trading, this word represents 500 pounds of cotton, or in speculative hops, 180 pounds. When bought and sold for consumption, however, each bale is accurately we...
-What Is: Bank Of England - Bank Of England Rate
What Is The Bank Of England? The Bank of England is the largest and most important monetary institution in the world. It was incorporated in 1694, and is the custodian of the public moneys of Great B...
-What Is: Bank Statement - Bonanza
What Is A Bank Statement? A bank statement is issued from the Clearing House of large cities each week. The weekly statement is the collective showing made by the banks belonging to the Clearing Hous...
-What Is: Bond - Municipal Bonds
What Is A Bond? A certificate of obligation usually issued by a corporation to pay money secured by mortgage or other guarantee. It is usually an interest bearing certificate issued in denominations ...
-What Is: Book Value - Books Opened - Broker - Two-Dollar Broker
What Is Meant By Book Value? Usually applied to bank stocks, though sometimes used in stocks of other corporations. The following plan is adopted to learn the book value of any particular stock: Sup...
-What Is: Break - By-Bidder
What Is A Break? When stock is kept up by artificial means, and attacked by the bears or other causes, it declines, it is called a break. What Is A Bucket Shop? A bucket shop is a place not recogni...
-What Is: Cables - Car Lots - Carrying Charges - Cipher Code
What Are Cables? The cablegrams reporting foreign markets. Public cables are received daily by the large exchanges from Europe, and private cables from special correspondents are received daily by pr...
-What Is: Clearances - Commission Houses - Commitment - Contango
What Are Clearances? Freight shipped by water and cleared from interior of coast ports. What Are Clearing House Certificates? They are certificates issued by Clearing House Associations in a time o...
-What Is: Continental Markets - Spot Cotton
What Are Continental Markets? The markets of Paris, Berlin, and Antwerp are classed as such. What Is Meant By Contract Grade? The grade of wheat delivered in fulfillment of future contracts must be...
-What Is: Coupon - Cutting A Melon
What Is A Coupon? In Wall Street coupons are understood to be the obligations for interest on bonds. They are a printed part of the bond, attached in ticket form so that they may be conveniently cut ...
-What Is: Sign D. - Delivery Day - Demurrage - Discount
What Docs The Sign D. Mean? It stands for an English penny; equal to about two American cents. What Are Days Of Grace? They are the three days directly following the maturity of a note or bill, and...
-What Is: Dividend - Ex-Dividend
What Is A Dividend? A dividend is the stockholders' share of the divisible profits of a corporation, usually paid to him in cash at certain stated periods. Various conditions exist under which divide...
-What Is: Domiciliated - Duck; Dead Duck; Lame Duck - Early Information - Ex-Store
What Does Domiciliated Mean? It is negotiable paper payable in a place other than where it is drawn and is said to be domiciliated where payable. What Is A Drawback? A shipping term referring to re...
-What Is: Fancy Stocks - Forcing Quotations
What Are Fancy Stocks? They are new stocks quoted at fancy or high figures. Stocks that are notorious for manipulation and very speculative. What Is The Fiscal Year? It is the financial year of a c...
-What Is: Foreign Exchange - Futures
What Is Foreign Exchange? Foreign Exchange means the payment of an obligation in a specific point in one country by the transfer of a credit from a specific point in another country with a bill of ex...
-What Is: General Expenses - Gunning A Stock - Hard Spot - Hypothecation
What Are General Expenses? In railroad reports items which include salaries of general officers, clerks, law expenses, insurance, etc.; they are usually the least important of the railroad operating ...
-What Is: I Hear - Industrials - Insider - Investment Buying
What Is I Hear, I Understand, They Say? They are favorite expressions among Wall Street tipsters who never say I know that such and such a thing will happen, but preface their tips, points an...
-What Is: Invisible Supply - Irregular - Jettison - Joint Bond - Kaffirs
What Is Invisible Supply? Grain not included in the official statement of visible supply, remaining in the farm or private granaries. What Is An Invoice? A statement or account furnished by the shi...
-What Is: Lamb - Listed Stocks - Lloyds - London Quotations
What Is A Lamb? A novice in Wall Street. The general speculative public are lambs. What Is A Legal Tender? The medium of exchange designated and legalized by law for the payment of debts; current f...
-What Is: Maintenance Of Equipment - Market Is Off
What Is Maintenance Of Equipment? An item in a railroad report specifying charges necessary to keep all the company's rolling stock, marine equipment and repair shops in good condition. What Is Main...
-What Is: Matched Order - Monetary Standard - Money Broker - Movable Exchange
What Is A Matched Order? A Wall Street term, meaning an order to buy and sell the same stock; such an order is usually employed for the purpose of artificially raising or lowering the price of a stoc...
-What Is: National Debt - New York Stock Exchange
What Is The National Debt? National or public debt means the same; the debt of a nation. The National debt of the United States consists of bonds, United States notes, notes issued prior to the pres...
-What Is: Nominal - Note Broker - Odd Lots - Oversold Market
What Is The Meaning Of Nominal? In name only, as nominal values are the named but not the intrinsic values. What Are Non-Assented Stocks And Bonds? They are stocks and bonds which the owners refuse...
-What Is: Pacifics - Pit Traders - Plunger - Principal
What Are Pacifics? Southern Pacific, Union Pacific, Northern Pacific, Missouri Pacific and Texas Pacific. What Are Paper Profits? Profits existing on contracts which have not been closed, as they a...
-What Is: Private Wire Houses - Pyramiding
What Are Private Wire Houses? Commission brokerage houses, having headquarters in New York and Chicago, which connect with offices in other cities by leased private telegraph wires. Such brokers enga...
-What Is: Quarter - Quintal - Readjustment - Rehypothecation - Released Endorsed Bond - Room Trader
What Is A Quarter? In England dealers figure 2,240 pounds to the ton. A quarter of wheat consists of eight bushels, or 480 pounds. What Is A Quintal? In metric measure it is equal to 220.46 pounds ...
-What Is: Sack - Scrip - Seignorage - Shilling
What Is A Sack? Exported flour is put into jute sacks, or bags, containing 140 pounds. In order to reduce sacks to barrels the rule is to multiply by 5 and divide by 7. A sack of Rio coffee averages ...
-What Is: Short Interest - Slump - Snipe - Squeezed
What Is A Short Interest? Any interest in the market represented by the aggregate sales of men who have sold stocks with the expectation of buying at lower prices. How Are Short Interests Sometimes ...
-What Is: Stock - Stock Certificate
What Is Stock? Certificates issued by a corporation legally certifying that the holder holds ownership of a certain number of shares in such corporation. What Is Common Stock? Common stock, general...
-What Is: Stock Exchange Clearing House - Borrowing And Lending Stocks
What Is The Stock Exchange Clearing House? A place where the brokerage differences in the accounts of the members of the New York Stock Exchange are settled. Before the establishment of the clearing...
-What Is: Stock Power - Syndicate - Tailers - Tonnage
What Is Stock Power? It is a name assigned to an irrevocable power of attorney used in transferring title to a stock certificate. What Is A Stop Order? When buyers on a margin do not wish to increa...
-What Is: Traffic Density - Underlying Mortgage - Upset Price - Value Bill - Voting Trust - Warehouse Receipts - World's Shipments
What Is Traffic Density? Railroads in their reports give the number of tons and the number of passengers carried one mile, with the average rate received per ton and per passenger. The traffic densit...
-What Is: Camper - Subsidiary Company
What Is A Camper? One who watches the moves of the big operators in the Street and tries to buy and sell when the leaders are doing the same is called a camper. What Is A Dummy Director? It is on...
-Investment Abbreviations
Adopted for convenience on the New York Stock Exchange, and used on the paper tape of the Tickers in Brokers' Offices in giving price quotations of Securities. ABV. NAMES A..... ...
-General Arrangements Used To Denote Sales, Bids And Offers
One price following the name of a stock signifies a sale of 100 shares at that price, thus: ST. 145. When more or less than 100 shares are sold, the number of shares sold will precede the price, thus...
-Metric System
The Decimal or Metric System of moneys, weights, and measures is now established in France, and has been adopted to a greater or less extent, in Belgium, Spain, Portugal, Holland, Switzerland, Sweden,...









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