This section is from the book "Hill's Manual Of Social And Business Forms: A Guide To Correct Writing", by Thos. E. Hill. Also available from Amazon: Hill's Manual Of Social And Business Forms: The How-To-Do-Everything Book Of Victorian America.
IN the transaction of business, it becomes necessary for all persons to occasionally write various business forms. Among those in most frequent use are Receipts, Orders, Bills of Articles Purchased, Promissory Notes, Checks, Drafts, etc.
To better understand these, it is well to be acquainted with the meaning of the various commercial terms to be constantly seen in our general reading.
$-------means dollars, being a contraction of
U. S., which was formerly placed before any denomination of money, and meant, as it means now, United States Currency.
£-------means pounds, English money.
Buying long, is to contract to purchase a certain amount of grain or shares of stock at a fixed price, deliverable within a stipulated time, expecting to make a profit by the rise of prices. The "longs "are termed "bulls," as it is for their interest to " operate " so as to " toss " the prices upward as much as possible.