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A bill of exchange (see "Exchange") may be drawn payable in sixty days after date, but it is more customary to draw them payable sixty days " after sight;" that is, after presentation. It in the latter form, and drawn on England, roughly speaking, ten days may be reckoned as the time elapsed after drawing before presentation, and, as three days' grace is allowed there on time bills, it would make a total of approximately seventy-three days before actual maturity.
Bills of this kind are called " Sixties."
Pushing prices of securities up to enormous heights; unnatural levels; creating an unstable condition of affairs; forcing the price of this, that, and the other security up with startling rapidity; booming prices.
To sacrifice securities at unnecessarily low prices.
Declined in price.
Sloss-sheffield Steel & Iron Co.
Property which cannot be readily converted into money; property which is not salable at the time, but which may be during some future period.
Used in London to designate the " ordinary shares " of the Bleachers' Association.
The coins were in general circulation in California about the middle of the last century. They were in two shapes, round and octagonal, and are now to be found only in collections, and are selling, when any are to be had, at $150 to $175 each.
Business very quiet; very few transactions taking place.
A sudden and big fall in prices.
Transactions in United States Government Bonds are usually for $1,000 par value or multiples thereof. Quotations on " small bonds " often differ from those of larger denominations of the same issue, according to supply and demand.
Any bond of a lesser denomination than $1,000 is called a "small bond."
This term is sometimes used when there is a very sudden fall in prices in the stock market, and everything goes to "smash," as it were, and almost a panicky condition exists.
American Snuff Co.
The market softens when there is a small decline in prices.
Railroad companies, the earnings of which are more or less dependent upon the transportation of bituminous coal, including such roads as the Baltimore & Ohio, Chesapeake & Ohio, the Norfolk & Western, the Hocking Valley, etc.