OCR Text |
Show Meaning, of "Call a Market Term. A "cnll," In mnrkct pnrlance Is n contract con-tract giving the purchaser the option to buy n commodity or security nt n fixed price, within n fixed time. It Is used In speculation In groin, cotton, stocks nnd foreign exchange. When German marks, for example, nro selling sell-ing for 1.0 cents, n broker will sell for $83 the prlvllego of buying 25,000 marks, within nlno months, nt 0.0 cents each. If tho prlco within thnt period goes above 5,0 cents, tho holder of tho cnll enn purchaso at thnt prlco nnd sell nt tho prevailing market price, nnd havo tho difference as n profit. If the price does not reach tho quotntlon named In tho "call," the money spent for It Is lost. |