The Girl's Own Paper, Vol. VIII, No. 375, March 5, 1887 — John Shaqi
The Girl's Own Paper, Vol. VIII, No. 375, March 5, 1887Various
General
The Girl's Own Paper, Vol. VIII, No. 375, March 5, 1887
Various
Children's literature -- Periodicals
All documents connected with investments should be carefully preserved,
and dividends, when they fall due, should be looked after. It seems
unnecessary to say so, but it is a curious fact that, to speak of the
public funds alone, a large sum is added every year to the revenue
from unclaimed dividends. No stock is reckoned unclaimed till ten
years have elapsed without the holder in any way giving token of his
or her existence; and yet in 1879 the amount credited to the item of
“unclaimed dividends” for the year ending 3rd January, 1880, was no
less than £3,411,228!
The principal reason for this, no doubt, is carelessness; but Mr.
Walter M. Playford, in his “Hints for Investors,” gives several other
reasons which are likely enough. Dividends are often unclaimed through
the misconception of people who have sold stock. They think they have
sold with it a dividend, or a portion of a dividend, to which they
were themselves entitled. Then, executors and administrators are often
unable to claim stock, because those they represent have kept their
investments secret from their nearest friends. And a good deal of
money is not unfrequently lost through the objectionable practice of
investing under a false name.
The current prices of all the more important stocks for sale are
chronicled day by day in the newspapers. It is a department never
omitted in any well-regulated journal, even though it forms the
driest-looking column in the paper. It is full of figures and tables of
figures, preceded by a few paragraphs, of a very stereotyped aspect,
and written in language peculiar to itself.
We read therein that “the market is easier,” or that “it assumed a
more lively appearance,” or that “it showed a falling tendency,” or
“great depression,” or that “its tone remained very steady all day.”
We also read of “prices hardening a little,” of “heavy stocks being
inactive,” of “foreign securities being quiet,” and grow familiar with
“Wabash Preferred,” “Nickel Plate Common Stock,” “Spanish Externals,”
“Egyptian Unifieds,” and many other things hard to be understood by the
uninitiated.
It is a much-studied column, and it is surprising what interest and
entertainment can be extracted from these daily reports of the health
and spirits of the money market if it only takes the trouble to
master the peculiar vocabulary. The principal terms connected with
the investment of money we shall set down here, with a few words of
explanation for each. A business woman—no matter whether she has money
to invest or not—should at least know what they mean.
_The Money Market_ is a more or less figurative expression, covering
the whole field for the investment or employment of money, the leading
dealers in the market being bankers, bill discounters, and capitalists
of all sorts. Money is _cheap_ or _dear_ in the market according as the
rates for discount are low or the reverse; and business is _brisk_ or
_flat_, according as the amount of such discounts is large or small.
Public-domain text, read in full here on John Shaqi.
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