Dump

"A lot of stock was dumped upon the market," meaning that a great deal was sold for the purpose of getting rid of it; that is, the stock was undesirable, either on account of high price existing or for other reasons. "Dumping" stock has reference not so much to disposing of an undesirable investment, but in offering the same in large amounts, not in small amounts from time to time. You dump a lot of earth when you tip up the cart and let it all go at once.

Dun's. See " Commercial Agencies."

Duster

If, in boring for an oil well, no oil is found, only a dry hole, it is called a "duster."

D. & J. December and June; interest or dividend payments semi-annually beginning with December.

Each Way

The commission charged for either buying or for selling; not the commission charged covering both buying and selling, which kind of a transaction is referred to as "round turn." (See that subject.)

Eagle

A gold coin of the United States of the value of $10, containing 232.20 grains of fine gold, and 25.80 grains of alloy.

Ear-Marked

This word as used in London in reference to gold means that it is held in the vaults of the Bank of England on behalf of those possessing it and is not the property of the Bank. When gold is "ear-marked" it cannot be used by the Bank of England for any purpose whatsoever. The Bank of England has merely the safe custody of it.

The object of " ear-marking " gold in the Bank of England on account of the Indian Government is to enable Government ' notes to be issued in India secured upon the gold "earmarked" in London. The National Bank of Egypt has followed a similar procedure and has issued notes in Egypt against gold "ear-marked" in the Bank of England as security for those notes. By this it will be understood that the use of the term in general indicates money reserved for a specific purpose.

Earnest

Money paid by the buyer to the seller to bind the trade.

Earnings

See "Gross Earnings," "Net Earnings," "Operating Expenses."

Eased Off

Declined in price.

Easy Money

A term used to express the fact that those seeking to borrow money may do so at low rates of interest and without much difficulty. In other words, when the supply of loanable money exceeds, or is fully equal to, the demand.

Edison

Among the Boston quotations, Edison Electric Illuminating Co. of Boston is understood; in Los Angeles, The Edison Electric Co. of Los Angeles; in Brooklyn, The Edison Electric Illuminating Co. of that city, and so on according to location.