See " Demand Loan."
See " Demand Loan."
Calumet & Hecla Mining Go. (Copper.)
Pac. Canadian Pacific Railway Co.
As understood in commerce, " capital " is money, or its equivalent which may be exchanged for money without lessening the earning capacity of the enterprise in which it is invested. Manufactured goods are "capital" in the hands of the manufacturer. But in the language of the investment dealer, " capital " represents all the money invested in an industry, but more particularly that part represented by stock issues.1
One who possesses considerable means which may be used in his own business or invested in the enterprises of others.
The issuing of securities based upon a corporation's earning ability; the issuing of securities upon which reasonable rates of interest or dividends can probably be paid from earnings, rather than making such issues equal in face value to the actual value of the property.
Generally speaking, the total bond and stock issues of a corporation.
See " Stocks".
In financial matters, the methods adopted by one in the employ of a "bucket shop," who encourages business for his employers by apparently placing orders with them and encouraging others to do the same; his orders, of course, being entirely fictitious and never put through the books of the concern.
American Car & Foundry Co.
The daily record of grains received and inspected at Chicago.
The travel of a car one mile. It is the unit of a car movement employed in all relations that have to do with cost and service rendered.
To furnish the money. A man asks his broker to "carry the bonds two days " for him. If he agrees, the broker understands he will not be paid for the bonds until the expiration of that time, but in the meantime he gets no additional " promise to pay" or security on the part of the customer. In this case it is more or less of an accommodation to the customer; it is simply a delayed delivery on a contract to buy. In a "joint account" (see that subject) one of the parties may agree to "carry" the bonds until sold, receiving certain special compensation therefor, but having no other security for furnishing the money than the bonds themselves. " Carry " is a word very commonly used in financial matters with many slightly different applications, but the above should be sufficient to make its meaning understood, however used. (See next subject.)