Give On

See "Continue" - meaning the same.

Givers

(First read "Contango.") Those - i. e. the "bulls" - who do not wish to pay for and accept delivery of stocks bought, and thus are willing to give the "contango" rate in order to either delay the delivery until the next "settlement," or to others to "carry" the stock for them in the meantime. (See "Takers-In.")

Goldfields

Used in London to designate the ordinary shares of the Consolidated Goldfields of South Africa.

Goods

As defined by the Federal Reserve Act, this term "shall be construed to include goods, wares, merchandise, or staple agricultural products, including live stocks."

Government Deposits

See Sec. 15, "Federal Reserve Act."

Grain Paper

Short time notes for the payment of which grain is pledged, or the plain notes of dealers in grain whose credit is sufficiently well established so that it is not necessary for them to secure their indebtedness by any of their stock in trade.

Gravel Road Bonds

Bonds bearing this title have been issued in Indiana for the purpose of defraying the cost of grading, draining, and surfacing roads with gravel. They have invariably been "special assessment bonds" (to which subject refer).

The issues are limited to 4% of the assessed value of the township. They are tax exempt when held by residents of Indiana, and may be legally purchased by Insurance Companies of that State.

Half

In London, £1,000 value in "stock" is spoken of as "one," and £500 as "half."

Hammer-Price

See "Hammered."

Havanas

Used in London to designate the ordinary stock of the United Rwys. of Havana.

Higgling of the Market. Adam Smith applied this term to operations by which the market price of an article was kept within desired bounds - prevented from either going too high or too low.

House (The). That part of the London Stock Exchange where the trading is done is called "The House."

Incontestable Policy

A life insurance policy which does not condition its payment, in case of death, upon the insured not having committed suicide.

Indeterminate Mortgage

This is more popularly termed an "open end mortgage," to which subject refer.

Indian Bazaar

An East Indian exchange or market place.

Indigo Thursday

The stock market panic of May 9, 1901, known as the "Northern Pacific corner" (more fully described under "Selling Short"). Sometimes referred to as "Blue Thursday."

Indulgence

To extend the time for the payment of an obligation.

Inflation

The advance in prices and increase in bank resources are not due to currency inflation, for on July 1, 1914, the ratio of money in circulation to the total bank resources was 13%, and on July 1, 1920, money outside of Treasury and reserve banks was only 10% of total resources of national and State banks. (See " Gold Inflation.")