Word: margining
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Bitter were complaints from brokers last spring when the Federal Reserve upped margin requirements from 45% to 55%. They protested that the requirement was too steep, that it would throttle investment buying along with speculation. Politely the Reserve Board invited the New York Stock Exchange to survey effects of the new ruling. Last week the Exchange completed its report, sent it to Washington without comment. On the basis of three samplings, a month apart, it appeared that about one-third of all margin accounts were "restricted" (i. e., frozen). These restricted accounts also represented one-third of all securities held...
Under the present margin ruling, an account becomes restricted when the customer's equity amounts to less than 55% of the market value of all securities held. Restriction does not mean that the customer has to put up more money. Margin calls are only caused by the Stock Exchange's private requirements, which are lower than the Government's. But restriction does mean that a customer may not withdraw either cash or securities until his equity is again built up to 55%. He may substitute one stock for another on a dollar-for-dollar basis...
Last November his party won the elections by the unprecedently narrow margin of a majority of six in the Quebec Legislature. Allied with the Conservative opposition was the new reform Liberal party, Action Liberale Nationale, of Paul Gouin, son of Taschereau's predecessor as Premier. Since then Conservative Maurice Duplessis, Opposition leader, has pried into the Liberal's solidified habits of graft, got the Legislature to start a Public Accounts Committee investigation. The committee was heavily packed with old-guard Liberals but Representative Duplessis was far too smart for them. At last week's committee meeting...
...Jones has nothing to lose by carrying this type of margin account in RFC. Even if he has to take over the stock he will stand all even. Instead of possessing Manufacturers Trust notes, he will hold Manufacturers Trust preferred stock, which the bank would have issued to RFC in the first place had not New York State banking law, since changed, required the use of notes...
...year sales were about the top for a 2O? brand. In Paul Jones there was little money at 10?. Nevertheless, Paul Jones and other 10? brands had scared the Big Four into deep price-cutting on Camels, Chesterfields, Lucky Strikes and Old Golds, with the result that the profit margin for dealers was down to almost nothing...