This experience entitled me to be regarded as a sort of real-estate broker by my friends.
I have no planet, half an army, no food or water for my people, and I must broker a peace deal.
This company, it is said, helped to attract the brokers back to the spinners, and an informal understanding was arrived at that the buying broker should not figure both as agent and principal in the same transaction.
If a spinner is pressed by a shipper to make quotations with refusal for two or three days to give time for business to be settled by cable, it is evidently not impossible for the spinner to shift the risk involved by getting in turn from his broker refusal quotations for cotton.
But what, it may be inquired, is the value of " futures " relating to " middling " cotton to a broker whose contracts with spinners are not in " middling " cotton?
As the cost of dealing in " futures " is only one shilling on each transaction for a member of the Cotton Exchange (the outsider is charged in addition a commission by his broker), it is not surprising that the transactions taking place in " futures " number legion.
More broker into bays and inlets than any other part of the coast is the westerr shore of KiOshiO.
To-day a spinner who is asked to quote for deliveries of yarn for, say, the next six months, may obtain from a broker quotations for deliveries of the cotton that he needs, in quantities as he needs it, for the next six months, and upon these quotations he may base his own for yarn.
His grandfather, William Scott of Sandgate, a suburb of Newcastle, was clerk to a "fitter" - a sort of water-carrier and broker of coals.
The brunette stood between Traci and Rainy, as if she were trying to broker a peace deal between two warring countries.
"And it is up to me to broker a peace deal with Qatwal," A'Ran said.
The centralization of the cotton market in Liverpool fixed firmly the system of buying through brokers, for the Liverpool importer, or his broker, was in no sense a professional adviser to the spinners, informally pledged to advance the latter's interests, as the old Manchester dealers had been.
Other things being equal, the broker would be better off if he could hedge with equal ease against all his risks.