Publisher's Synopsis
Excerpt from Private Telegraphic Cipher Code
A, the client. At any point in the United States, noticing that Manhattan is 95, sends 5 per cent margin or $500 to B, the broker, ordering a purchase of 100 shares at that price.
B bu S the stock and it rises to 100. A then orders a sale. Now has a credit on the broker's books of less of 1 per cent commission and legal interest on the capital advanced by the broker.
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