Bulls And Bears

The followingmay stop the uninitiated asking so inany questions, and enable tliem to read niarket reports understandngly : In speculation of any kind, a "buil" is a person (or "operator") whobelieves that prices are going up ; a "bear" believes they are going down. A bear sells "short;" that is, he sells at a high price stock that he hasn't got, lioping to buy it at a lower rate and so rnake monej'. A buil likes to be "long" of a stock (to have plenty of it) if he thinks it is going up in price ; then he will sell at au advance. A "margin,' is a certain amount of money put up by a speculator in the hands of bis broker, generally a sinall percentage of the valué oí a certain stock. The broker buys the stock "on a margin" and holds it "for a rise." If the price goes up he sells and the speculator makes the inoney, getting back his "margin" and the advanced price. If it falls in price the speculator loses his margin and his stock, unless he increases his margin. A "lanib" is a greenhoru who tries to speculate. He is apt to be "shorn." A "corner" is where an operator secures control oí all the shares of a certain stock ; the object is to make the bears who have sold "short" pay higher prices for the stock, which they must buy to cover their shortage.