The entire amount of loss suffered after adding broker's commission, war tax, etc., to the loss on the transaction.
"ROUND TURN."
This means a complete deal after having bought and sold or sold and bought, as the case may be. For instance, in stating a broker's commission you would say that it amounts to one-sixteenth for buying and the same for selling, or one-eighth for the "round turn."
"COMMISSION."
This is the remuneration which the broker receives from a customer in executing orders for the purchase or the sale of stocks or grain. This payment is based on the par value of stock or grain bought and sold, and not on prices at which the transaction was executed.
"A POINTER."
Information supposed to come from the inside and giving you an infallible tip on just what is going to happen. Sometimes information of this kind is valuable, but rumors of the wildest kind are so continuously floating around the Street that a "pointer" is more than likely to be an unfounded, silly rumor, which somehow has gotten into respectable company. If you know that the information comes from a reliable party who knows what he is talking about, and have money enough so that you can make an investment—not a speculation on narrow margin—and can afford to hold on after the methods of this company until prices rise, the "pointer" may prove a good thing.
"A POOL."
A syndicate of men who combine forces to get control of a property.
"A CORNER."