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 200 pounds and of Java coffee, 133 pounds.

What Is Saddling The Market?

To foist or saddle a certain stock on the Street.

What Is Salting A Mine?

It is placing high grade ore in a poor or worthless mine for the purpose of deceiving a prospective purchaser.

What Is Salting Down Stock?

To buy stock and hold it for a long period; practically the equivalent of an investment.

What Is A Sample Crowd?

Brokers on the New York Produce Exchange and the Chicago Board of Trade who deal in car-lots of grain, basing their sales and deliveries on exhibits of samples in the Board Room.

What Is A Scalper?

A "scalper" is a room trader who takes ⅛ and ¼ profits or losses, when trading for his own account. His attention is confined to the smallest fluctuations and he acts quickly.

What Is Scalping?

It is following the rapid changes of the market, and taking small profits or losses with the rapidity with which the market fluctuates.

What Is Scrip?

Provisional certificates stating that the holder is entitled to receive shares of stock, bonds, payment of interest, dividends or wages. Such certificates when issued in lieu of stock possess no voting or dividend rights.

What Is Seignorage?

The difference between the commercial money value of bullion and the face value of the coin.

What Is Seller The Year?

A contract which gives the seller the right to deliver the property sold at any time within one year from date of contract.

What Is A Seller's Option?

The seller has the right to deliver stock at his pleasure or convenience within a time stipulated at a stated amount. It is the opposite of a "buyer's option;" grain contracts at "seller's option" may be delivered any day in the delivery month. The buyer must receive the grain or sell his contract on or before the first day of the delivery month to some third party.

What Is Selling Out A Man?

Selling down a stock so low that the one carrying it on margin is compelled to quit and perhaps fail. To dispose of "long" stocks when a speculator has failed to make good his margins.

What Is A Share?

One of the equal parts into which the capital stock of a company or corporation is divided. The unit of stock division.

What Are Founders' Shares?

Shares which are sometimes given to the founders and promoters of a company; such shares generally divide the surplus profits with the common shares after a certain percentage has been paid on the latter. These shares are chiefly the result of an English custom, and are not usually known in America.

What Is Shifting Of Loans?

Banks are sometimes obliged to call many loans, and brokers are obliged to pay off their loans and renew them with the same bank or some other bank at new rates. This process is known as "shifting of loans."

What Is A Shilling?

The English shilling is a silver coin, equal to 12 pence; the 20th part of one pound sterling and 24.3 cents. A York shilling is equal to half an English shilling.