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Updated: May 13, 2025


As has already been observed, that part of the City that lives on handling new issues has been half starved since the war began, because its activities have been practically confined to loans issued by the British Government. These loans have been huge in amount but there has been no underwriting, and brokerages are cut to the bone.

The business being done by brokers covered several different articles. The most important of these, that is, the one on which the most brokerages were earned, happened to be the one article that the Standard Oil Company was the largest buyer of, that the leading firm was most interested in, and that the talk of reduced brokerage was aimed at.

The orders had come through banks in the city, and from banks and brokerages in London, Paris, Berlin, and a dozen points in Europe. They ran from five hundred to as high as twelve thousand shares the order. Each broker was given a certain limit below which he might buy, and the orders of no two were in conflict. Each for his orders would have the unobstructed market to himself. Mr.

If you wish to make a purchase, or effect a sale, or hire a servant, you have a whole series of commissions or brokerages to pay before you come into contact with the principal.

This novel form of calculating machine might serve to fix the price of woollen stuffs, to calculate brokerages and percentages, and the solution would be obtained without the aid of figures, without calculation, without visualisation, and by the ear alone. By following up this idea, also, we might go a little further.

Formerly the products for exportation were bought up by the foreign merchants, mostly Chinese mestizos; but now they are bought direct from the producers, who thus obtain better prices in consequence of the abolition of the high brokerages. To this and to the energy of the foreign merchants, under favorable circumstances, is the gradual improvement of agriculture principally to be ascribed.

The Standard Oil Company had absorbed all the refining concerns and had then established its own broker. It paid him a salary for his services and he paid to the Company the brokerages he collected from the sellers. I had been doing a large business with the constituent companies which would now cease.

He imagined her there and felt better, more centered. He walked to Monument Square and entered one of the big name brokerages. He left quickly, put off by slick advertisements on the walls and expensively dressed men exuding earnestness. Farther along the Square, he found a local firm staffed by a short man with a tired expression. The top of his head shone.

They espoused a long-term strategy: think before you buy, and then, once having bought, continue to buy on dips and hold unless the company changed fundamentally for the worse. Sperandeo was more of a trader. Joe was torn between the two approaches. Discount brokerages had just become available on the Internet; one could trade without having to actually live in New York.

The crafty, unscrupulous managers of bucket-shops, stock-exchanges, and brokerages filled the columns of the press with manufactured accounts of vast fortunes made in an hour by imaginary investors of small sums, and at once multitudes of farmers, mechanics, and even teachers abandoned their honest pursuits to squander their hard earnings in the vain attempts to "buck the tiger," and "beard the lion in his den."

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