What Is Stock Power?

It is a name assigned to an irrevocable power of attorney used in transferring title to a stock certificate.

What Is A Stop Order?

When buyers on a margin do not wish to increase their margins or are operating on small amounts, they limit their losses by placing a limit price at which to buy or sell their orders and stop further loss.

What Is A Straddle?

It is similar to a "spread," meaning a "put" and "call" privilege combined, with only one price named in it. The stock must go up or down more than the amount paid for the "straddle" before there is any profit in it.

What Is A Swimming Market?

When everything is lively and the trading is brisk, the market is said to be "swimming."

What Is A Syndicate?

In financial affairs it means several financiers who associate themselves to carry out some plan or scheme of promotion or financing involving large sums of money.

What Are Tailers?

A following of little traders who tail on a bull or a bear movement on the theory that to follow in the wake of the successful men is the way to make money.

What Is A Tape Reader?

A "tape reader" is known in all brokerage offices and generally among speculators. He has gained his title from his ability to stand over a ticker and anticipate the fluctuations of the market. Years of experience are required to make a proficient "tape reader." Tape reading, though not an exact science, might be termed an approximate one. It is not alone the knowledge gained in standing over a ticker, but one must have "trading sense," an innate quality or gift, some possess, but others do not. The tape reader watches all the transactions on the floor of the Stock Exchange, as recorded on the tape, and deduces therefrom the momentary changes or movements of the market. The slightest variation in price or volume may have an immediate effect on the market trend and the experienced tape reader, with the rapidity of a lightning calculator, forms a logical conclusion from the signs he reads. A tape reader is never a decided Bull or a Bear. He changes his market position many times a day during an active market, and must be able to reverse himself with facility and dispatch.

What Is A Ticker?

A stock indicator. Quotations made in an exchange board room are telegraphed by operators to a ticker office and then immediately sent out over a wire system connecting with thousands of tickers. The ticker is a glass-enclosed mechanical device through which runs a ribbon of paper on which is printed the abbreviation of the stock and bond names with the quantities sold and prices.

What Is A Tierce?

A cask of lard containing 340 pounds. Lard is quoted at so much per 100 pounds. The value of a tierce is obtained on multiplying by 3 2-5.

What Is A Time Loan?

In Wall Street it is money borrowed for a specified period, ordinarily not less than 30 days, nor more than six months. Such loans are secured by a deposit of collateral in the form of stocks and bonds.

What Is A Tired Market?

After a partly forced advance of the market, when buying orders are exhausted, the market is said to look tired.

What Is The Meaning Of To Buy In?

Purchasing stock in order to meet a short contract, or to enable one to return stock which has been borrowed, is termed "buying in."

What Is Tonnage?

The carrying capacity of vessels is termed tonnage. In Wall Street the word is used to designate the total amount of freight handled by railroads.