These letters printed in connection with the report of a Stock Exchange sale upon the "tape" are explained under the rulings of the New York Stock Exchange, as follows: When a sale is not recorded in its proper place, the price will be preceded by the abbreviation Sld., thus, Ro. Sld. 75. This indicates that the transaction took place previous to others which have been reported earlier, and, therefore, is not necessarily the price of the stock at the time of its appearance upon the tape. In the example given above, it would indicate that the common stock of the Rio Grande Western R. R. Co., to which the letters Ro. refer, had previously sold at 75 per share, although, in the meantime, other transactions had taken place.
A London term for the London & So. Western Rwy.
See " Ticket."
The important ones are North and South Dakota, Minnesota, Wisconsin, Iowa and Nebraska.
The stocks of the 33 subsidiary companies into which the former Standard Oil Co. of New Jersey was divided by decree of the United States Supreme Court.
See "Official List."
See " Split Stocks."
See " Taxes on Stock Transfers."
See " Stop Loss Orders."
After the Stock Exchange in London closes, the members resort to Throgmorton Street, where dealings are carried on in South African mining shares, and to Shorter's Court, leading off Throgmorton Street, where transactions in American shares take place. The London Stock Exchange, however, takes no cognizance of transactions of this kind. It is the more speculative securities that are bought.
And sold in this manner. Broad Street, in New York, is a street market. In fact, any curb market, doing business in the open, is a street market. (See "Curb.")
(To understand this subject, it is necessary first to read "Fortnightly Settling-days" and "Contango.") These are the lenders of money and the ones who are prepared to "carry-over" those who do not wish to accept delivery of a security at the time of the "settlement," or "bears" who are "short" of the particular security, and, therefore, need it to fulfil their own commitments. They "take-in," or, as we say in America, "take-up" the security on behalf of another; i. e. "carry" it. (See "Givers.")