Board Room

A room in a broker's office where customers may obtain quotations of sales almost immediately after the transactions are made upon the various exchanges. "Tickers " are installed in all these rooms, but the method of displaying the information differs in various firms. In some, the customers read it directly from the "tape;" in others, a boy copies the quotations as fast as received upon large sheets of especially ruled paper, with columns headed with the names of the securities, and, in others, the quotations are displayed upon a blackboard similarly arranged, that all may see from the various parts of the room. From the latter custom arises the name, "board room."

This term is also applied to the trading room of an exchange.

Boat Loads

A Chicago Board of Trade term which refers to canal boats, averaging to carry about 8,000 bushels of grain.

Bob

An English shilling (24 3-10 cents).

Bobtail Pool

(Read first part of " Pool.") A "pool" in which the members buy or sell independently of one another, and not through one member.

John Moody defines it as an informal pool in stocks, in which the members join together to move the stock either up or down, and then each is usually allowed to suit his own pleasure in closing out his interest.

Bolivar

The monetary unit of Venezuela, being equal to the French " franc," and to $.193 United States money. This name was chosen in honour of the hero of Venezuela.

Boliviano

The monetary unit of Bolivia, silver, and equal - at this time1 - in value to about $.478 United States money.

Bonanza

Any lucky strike of rich ore in a mine; an unusually profitable speculation or investment.

Bonus

In matters financial this has several uses. It may be a premium given for a loan, for a charter or other privilege granted a corporation; it may be an extra dividend to shareholders, or may be stock thrown in with the sale of bonds or other stock, and in this last use perhaps it is most common. An illustration would be: A banker offers a client, say, $10,000 bonds of a certain railway or other corporation, which bonds in themselves might not be very attractive to the investor; in order, therefore, to accomplish the sale of the same with greater ease, the banker gives, or throws in, as a " bonus " a certain amount of stock, probably of the same corporation.

Bonus Bonds

Bonds issued by a municipality to encourage the building of a railroad or some manufacturing industry, for more information regarding which, turn to " Railroad Aid Bonds." They are not considered a desirable investment.