Matched Orders

These are used to "manipulate" the market as by giving orders to buy and to sell the same stock at the same price an artificial activity is given, and likewise changes in prices effected. (See also "Cancelled Trade.")

Maundy Money (Or Maundy Coins)

Special pieces of metallic money of small denominations struck off yearly in Great Britain and distributed by the Almoner of the English Sovereign to certain people who, on Maundy Thursday (the day before Good Friday), attend service in the Chapel Royal, at Whitehall.1

Mayflower

Mayflower-old Colony Mining Co. (Copper.)

Meet

To fulfil one's promise or agreement when it matures. White's note for $1,000 falls due Jan. 1st; he "meets" it by paying it.

Melon

"Cutting a melon;" a division of extraordinary profits; the declaring of a stock dividend; any unusual profits received by the stockholders of a corporation. The "cutting of a melon" and getting a view of its delectable contents is a moment of great happiness to the little Southern negro; this suggests the use of the term to express a like amount of financial happiness caused by profits or dividends out of the ordinary.

Mercantile Agencies

Firms or corporations whose business it is to furnish information as to the financial standing, general business integrity, and credit ratings of individuals, firms, and corporations. (See "Commercial Agencies.")

Mercantile Bills

The same thing as "inland" or "domestic exchange," which will be found explained under "Exchange."

Mercantile Marine

The International Mercantile Marine Co. (Steamships.)

Mergenthaler

Mergenthaler Linotype Co. (Type-setting machines.)

Merger

1 A consolidation; an amalgamation; a combination of two or more corporations under one management. The old meaning in law was a merging or drowning of a less estate into a greater. One of the most notable examples of its financial meaning is the International Mercantile Marine Company, which now controls so many of the large trans-atlantic lines.

Metallic Standard

(It is necessary to first comprehend the matter under "Standard of Value.") The use of either one metal alone or of two metals together, as a standard, in a monetary system.

Mex

Mexico; Mexican money,

Mex

Cent. Mexican Central Railway Co., Limited.

Mexican Central

Mexican Central Railway Co., Limited.

Middleman

One who negotiates between two parties, receiving a compensation for his service. Not one who buys and sells on his own account, but, in a general sense, one who finds a customer to purchase wares belonging to another. "Middlemen" may be divided into three classes: " Agents," "brokers," and "factors." Among the first named may be included real estate agents, insurance agents, book agents, etc. Among the second, stock, cotton, wool, ship brokers, etc. The "factor" is not much used in this country, although: cotton brokers" are sometimes called "factors." One who collects rents for another may be a "factor," or one who makes a business of selling goods on a commission for the manufacturer, selling the same, usually, upon samples, and so on.