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 up to contract grade.

What Is Meant By Conversion?

Sometimes bonds are issued with a proviso which makes them exchangeable for their equivalent in stock. Bonds of this character are known as convertible bonds, and their exchange for stock is termed ' 'conversion."

What Are Coppers?

The copper mine stocks are referred to as Coppers in the market.

What Is A Corner?

A corner in a stock is made possible by the purchase of all the outstanding stock of a company. Then quotations can be advanced at the will of the operators. Corners in stocks are not frequent nowadays. When one is engineered it is worked against a short interest. The usual method is for the owners of the stock to loan it freely, circulate depressing news, sell the stock down and induce speculators to sell it short. As soon as a large short interest is created, stock loaned, is recalled, and those who have short contracts outstanding must purchase the stock to cover their deliveries at the prices determined upon by the men who operate the corner. In grain dealings, where the purchases of operators are in excess of contract grain in the regular warehouses on the final delivery day of the month for which such purchases have been made, the grain in question is cornered. Several tremendous corners have been operated on the Chicago Board of Trade and the New York Cotton Exchange.

What Is A Corporation?

An artificial creation by law, consisting of one or more persons united in one body under certain grants to secure a succession of members without changing the identity of the body; being empowered to act in a specified capacity, or to transact some designated business the same as an individual. A close corporation is one in which vacancies are filled by the corporation itself. A sole corporation consists of a single person at any one time, vested with certain legal capacities and powers not otherwise possessed. A joint stock corporation is one in which the ownership of the stock is divided into shares.

What Is Meant By Cotton Future?

It is an option on a future month traded in by buyers and sellers of cotton at a certain premium or discount under the price of spot cotton. At the expiration of a future contract, the cotton is delivered and then becomes spot cotton.

What Is Spot Cotton?

It signifies the staple article of a certain grade which is ready for actual delivery to the consumer on purchase.