The English term for all foreign railroad securities, although the London stock broker is usually a little more explicit, using the term " Cuban Rails " for railroad securities of Cuba; " American Rails " for our own; and so on.
A deposit made, for instance, by John Smith to insure his fulfilling his part of a contract entered into with Charles Jones; this deposit to become the property of Jones in case of Smith's failing to carry out his agreement. (See also "Sealed Bid.")
For the Account. An English term indicating a purchase of securities for delivery on an "account-day," as the " fortnightly settling-days," to which refer. A security bought for immediate delivery is known as "for money."
For the Opening. The sale of a stock for delivery after the opening of a company's transfer books. (See "Books Close.") This must not be confused with "at the opening," which is explained under that heading.
New York, Boston, Philadelphia, and Baltimore.
The usual units for transactions upon the stock exchanges are based upon 100 shares of stock or $10,000, par value, in bonds. Transactions for lesser amounts are known as "fractional lots," or "odd lots." On many exchanges lesser amounts, say 50 shares of stock or $5,000, par value, in bonds, are the units.
An issue of bonds, or similar securities, the principal and interest of which are payable in " francs," i.e. French money.
Franklin Mining Co. (Copper.)
See "Assessment and Fraternal Insurance."
See "Open Account."
This term as commonly understood in reference to the coinage question, means the right on the part of any person to deposit "standard silver bullion" at any of the United States mints in any amount, and have the same coined at the Government's expense; the depositor receiving in return for his bullion silver coins containing in total the same weight of fine silver as brought by the depositor.