Aug

14

I got my paws on a 1897 CBOT telegraph code book which provided shorthand words to describe market activity. Rather than type the entire phrase, individual words were designated to substitute.The chapter ‘State of the Market - Upward’ provides 80 different ways to describe rising prices and provides 16 blank keywords for individuals to create additional phrases.

A few examples:

Plebian — Short sellers are buying freely
Pledge — Everything offered is being taken
Pledging — More disposition to buy
Plentiful — Everything on the market has been taken
Plenty — Good enquiry and few sellers
Pliable — Good enquiry

It ought to be republished and issued to many in the trading community as Financial Phrases on Demand.


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