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 private banking and commission stock and grain houses.

What Is A Call?

A call on a stock or bond is a contract or written agreement in which one person undertakes to deliver to another the security named in the agreement within a specified time at a particular price if demanded.

What Are Call Bonds?

A call bond contains a clause giving the company issuing the bond the right to redeem the principal as a stated amount on a certain date. Interest on such a bond usually ceases after said right has been exercised.

What Is A Call Loan?

A call loan is one payable on call or demand. In Wall Street a very large amount of money is loaned by the banks on call to the brokers, who are supposed to deposit collateral to cover the loan. By the New York Stock Exchange rules a demand for the payment of a call loan must be made before 1 P. M. on any given day, and payment must be made by 2:15 P. M. the same day. Notice must also be given by the borrower of his intention to pay a call loan before 1 o'clock, and the payment must be made by 2:15 o'clock.

What Is A Cambist?

A manual describing the moneys, weights and measures of different countries, and their equivalents in exchange, also one versed in exchange values, or a dealer or speculator in bills of exchange.

What Are Capital Assets?

All the real and convertible assets of a corporation, divided into fundamental and liquid assets.

What Are Capital Liabilities?

They are stocks and bonds, income, debentures and mortgages.

What Are Car Lots?

The number of cars of various grains received and inspected daily at the leading grain centres of the country.

What Are Carrying Charges?

The interest paid by purchasers of stocks on the amount represented by the difference between the margin deposited and the market value of the stock. Sellers of "short" stocks, as a rule, are not obliged to pay interest charges, as these devolve on the traders who buy on a margin. Carrying charges on grain consist of storage, interest and insurance. They are always represented by the excess of the price for future delivery over the cash price of any commodity. Example: If September wheat is 4 cents higher than cash wheat, the 4 cents represents warehousing and insurance, or "carrying charges" up to the expiration of the option. Should the cash market decline I cent by September, the short seller makes 5 cents profit; if it advances 3 cents, his profits are one cent.

What Is Meant By The Term Carry Stock?

It means to hold stock with the expectation of selling it at an advance should the market advance.

What Is Meant By The Term Cash?

Stock bought "cash" 'means that the contract entered upon shall be fulfilled by payment and delivery of stock at or before 2:15 P. M., according to Stock Exchange rules, on the day of the sale.

What Is Cash Grain?

Grain purchased or sold for immediate delivery, or that may be delivered during the current month.

What Are Cats And Dogs?

Worthless securities. Usually applied to mining flotation prospects.

What Is A Cental?

A term applied to a hundredweight, or 100 pounds avoirdupois.

What Is A Centime?

It is a monetary unit used by France and Belgium; about the 1-100th part of a franc; 5 centimes approximately equal I cent of American money. The Paris and Antwerp quotations are cabled in centimes.

What Is A Certified Check?

A check drawn on a bank, having a written endorsement on its face, the signature of the bank paying teller or cashier, certifying to the signature of the drawer and to the fact that the latter has sufficient funds on deposit with which to pay the check.

What Is Meant By Change?

An abbreviation for exchange, applied to stock and grain exchanges.

What Are Changing Eighths And Quarters?

Applied to scalpers or quick traders who speculate in stocks and take small profits in eighths and quarters.

What Is A Charter?

A certificate of incorporation of a company conferred by act of legislature which allows it to do business along lines as specified in the charter, which usually defines the general purposes and limits the power and privileges of the corporation.

What Is A Check Collection Charge?

It is a charge made by banks for the collection of funds due on checks drawn on out-of-town banks. Many banks accept out-of-town checks for collection only.

What Do The Initials C. I. F. Stand For?

Charges, insurance and freight paid or included.

What Is A Cipher Code?

A compilation of words which signify phrases, sentences and numbers, specially applied so that telegrams and cables can be sent economically and privately. There are several different code books in use.