Stockpot

“ Thus a mill of 10,000 sacks’ capacity per week, which habitually maintains a total stock of 50,000 sacks, might bring up its stock to 150,000 sacks. Such a mill, being a good customer to railways, could get from them the storage it required for little or nothing. But the bulk of the mills have no such advantages. They have little or no spare warehousing room, and are not accustomed to keep any stock, sending their flour out almost as fast as it is milled. ”

“ When this corporation was first organized I subscribed for some stock and was in its first board of directors and its vice-president. If there was to be a new source of supply of the commodity I dealt in so largely, it was important I should know of it. As soon as I became satisfied that it was nothing but a scheme to make money by the sale of stock, I resigned and disposed of my holdings to one of the promoters at a profit of eight dollars per share. ”

“ Nor is it the costermongers alone who buy all their harness second-hand. The sweep, whose stock of soot is large enough to require the help of an ass and a cart in its transport; the collector of bones and offal from the butchers’ slaughter-houses or shops; and the many who may be considered as co-traders with the costermonger class—the greengrocer, the street coal-seller by retail, the salt-sellers, the gravel and sand dealer (a few have small carts) —all, indeed, of that class of traders, buy their harness second-hand, and generally in the streets. ”

“ A stock must therefore be made from fresh materials, but as those are comparatively inexpensive, we need not grudge having them of the freshest and best. Readers of Thackeray will remember the little dinner at Timmins, when the hired chef shed such consternation in the bosom of little Mrs Timmins by his outrageous demands for 'a leg of beef, a leg of veal, and a ham', on behalf of the stock-pot. ”

“ But the two profits are essentially similar, and in the long run should be commensurate. In the one case, stock can be sold for a large profit, because it cannot be replaced except at a higher price; in the other case, plant and buildings yield a higher income because they cannot be replaced except at a higher price. Indeed, if the owners choose, the plant and building can, like the stock, be sold at their appreciated value, as has been widely done by the owners of cotton mills in Great Britain since the armistice. ”

“ But, as a matter of fact, the packing-houses control the stockyards, dominate the brokers, who are constantly near to them and far from the cattle owners, and the man on the range who once ships his cattle over the railroads, forthwith places himself at the mercy of the packer—the stock having been shipped must be fed and cared for either on the cars or in the yards, and this takes money—so the quicker the sale of them is made the better for the owner. ”

“ Another remarkable instance of combination prior to the introduction of mechanical power and the factory system is that of the " stockingers," the hosiery workers, or framework knitters, described by Dr. Brentano. From the very beginning of the use of the stocking-frame, in the early part of the seventeenth century, servants appear to have been set to- work upon frames owned by capitalists, though the bulk of the trade was in the hands of men who worked upon their own frames as independent producers. ”

“ Reports from the roofing mills show that they are all working to capacity and that they have plenty of orders on hand. However, they are all pretty well stocked with rags and have no need to come into the market. It seems to be understood in the trade, from the way the buying is going on, that the manufacturers are conferring possibly once a week and are informing each other of the various amounts of stock which have been offered by dealers and of the prices which have been named. In this way it has been possible for them to keep tabs on the rag men and to keep the market from advancing. ”

“ Those manufacturers who act as merchants aim to retain the merchant profit and must employ a merchant capital in stocks. There has been a tendency, indeed, to make the manufacturer the stock-keeper, and some merchants do little more than pass on the goods a stage after taking toll. The great improvement in trade during 1905 and 1906 checked this tendency, and probably the manufacturing extensions owed something to the capital set free by the reductions of stocks. ”

“ It is not too much to say, that one-half of all the persons engaged in trade, even in London, never take stock at all: they go on year after year without knowing how their affairs stand, and at last, like the child at school, they find to their suprise, but one halfpenny left in their pocket. I will venture to say that not one-fourth of all the persons in the provinces, either manufacturers, tradesmen, or farmers, ever take stock ”

“ It is with the first, or stock subscription part of the plan, that the public is most familiar. The benefits of this are extended to all employees of the Corporation who desire to take advantage of it. It is simply an effort to increase their interest in the Corporation and at the same time encourage thrift by enabling them to purchase stock at an attractive price and to pay for it in small instalments, with the additional incentive of a bonus for holding for a certain time the stock purchased. ”

“ II. IF THE MEAT BE BOILED solely to make stock, it must be cut up into the smallest possible pieces; but, generally speaking, if it is desired to have good stock and a piece of savoury meat as well, it is necessary to put a rather large piece into the stock-pot, say sufficient for two or three days, during which time the stock will keep well in all weathers. ”

“ General Directions.—Before giving some receipts for soups, we wish first to remind our young housekeepers that it is important for them to bear in mind the necessity and economy of keeping good stock constantly on hand. The French stock-pot is always in readiness to receive every bone, coarse or refuse bit of meat not suitable to use for the main dish or for side-dishes. ”

“ In our time, small shops are swallowed up in magnificent warehouses, in which every article of dress especially can be purchased under one roof—from a penny yard of ribbon to a hundred-guinea shawl. In splendour these bazaars, with one proprietor, rival the oriental with many competitors. But their distinguishing characteristic is the far-seeing organization, by which the capital is turned over with unexampled rapidity, and no unsaleable stock is kept on hand. ”

“ A sudden fear tugged at the skipper’s heart.
“Ain’t that all right?” he rumbled anxiously. “It’s stock in your comp’ny.”
“No, it isn’t—it’s stock in the New York Shipyard Company, whatever that may be. We are the New York Ship Construction Company. Likewise, Mr. Barclay, we employ no salesmen. Never have.”
Barclay did not grasp the full meaning of this at once.
“But—hold hard, Mr. Henderson—I bought your stock. The one that’s printed in the newspaper tally list—N.Y.S.C.”
“This isn’t our stock. Our issue is quoted on the Stock Exchange under the initials you mention. Somebody’s swindled you. ”

“ That an eminent manufacturer who claims to have established a new industry should regard £90 as a considerable outlay shows how small a part fixed capital in buildings or machinery as yet played in industrial enterprise. Although there was not much room in Oldknow's warehouse before it was enlarged, it is conceivable that it sufficed for his stock-in-trade at that time. ”

“ The tap and strainer add about 30 per cent, to the cost of a stock-pot, but the advantage of being able to draw off the stock from the bottom, leaving the fat and the bones, vegetables and other solids behind, is well worth the additional outlay. ”

“ When work slacks off here, we could pick that stuff up."
"Conn, there's an old stock-market maxim: 'A bear can make money sometimes, and a bull can make money sometimes, but in the long run, a hog always loses.' Let the other people find some of this; it'll all help the Plan. Fact is, I've been thinking of leaking some information, if I can do it without Fawzi and that gang finding out. Do you know a good supply depot or something like that, say over on Acaire, or on the west coast? Big enough to be important, and to start a second prospectors' rush away from us." ”

“ The stockyards, to which such live stock was consigned and delivered, are there described, not as a place of rest or final destination, but as 'a throat through which the current flows,' and the sale as only an incident which does not stop the flow but merely changes the private interest in the subject of the current without interfering with its continuity. ”

“ Of tradesmen in the cities, of the railway, it may be bought in bulk, at least a half a carload or a carload ; but at retail there is none to be had. The great merchants who have a supply will not sell at all, they are waiting ; the small tradesmen, storekeepers, buy up all they can, and sell it again at a profit to the wholesale merchants. ”

“ By this method a shopkeeper is able to stock his shop, or warehouses, with two or three times as much goods in value, as he has stock of his own to begin the world with, and by that means is able to trust out his goods to others, and give them time, and so under one another—nay, I may say, many a tradesman begins the world with borrowed stocks, or with no stock at all, but that of credit, and yet carries on a trade for several hundreds, nay, for several thousands, of pounds a-year. ”

“ The new-comer, a smooth-shaven man of about thirty, with the air of the proprietor or head manager very strong upon him, took the boy's position behind the counter, and remarked to Lawrence: "Most people, when they first come here, think it rather queer to pay for looking at the directory, but you see we don't keep a directory to coax people to come in to buy medicines or anything else. We sell nothing but information, and part of our stock is what you get out of a directory. ”

“ Well, the king might have gone on, still happy and unsuspecting, to the end of his days, but for one of your modern improvements—the stock-board. When you left, three miles of the London, Canterbury and Dover were ready for the rails, and also ready and ripe for manipulation in the stock-market. It was wildcat, and everybody knew it. The stock was for sale at a give-away. ”

“ From this raw material is gathered the chief stock that goes into bowling alleys and the pins.
The company has its own logging crews that cut the timber and pile it on flat cars, whence it is transported over a private railroad until it arrives at the company sawmills. Here the raw material enters upon the manufacturing process.
The rough stock-strips for the alley “bed,” “leveling strips,” “return chute,” “post” and “kick-backs” are sawed out of certain of the logs. They are then shipped to a factory where they are seasoned, being kiln dried. The stock is next cut to the required sizes. ”

“ In either case, please understand that the mine is not worth a cotton hat. We are a stock company, and our stock is listed on the exchange and commands a high premium, for no one except the owners knows the truth about it. ”

“ It can seldom happen, therefore, that a man of any considerable stock should quit the superior, in order to place himself in an inferior station. Even in the present state of Europe, therefore, little [Pg 162] stock is likely to go from any other profession to the improvement of land in the way of farming. More does, perhaps, in Great Britain than in any other country, though even there the great stocks which are in some places employed in farming, have generally been acquired by farming, the trade, perhaps, in which, of all others, stock is commonly acquired most slowly. ”

“ Since the total net profits or losses are determined largely by the average turnover of circulating capital invested in the merchandise, the control of the quantity of merchandise, as well as the price, is a question which must have very careful attention and intelligent supervision. The stock on hand must be that quantity which will insure a supply adequate at all times to meet the demands of the trade, and which at the same time will be the minimum necessary to accomplish such a result. ”

“ Stock′-whip, a whip with short handle and long lash for use in herding; Stock′work, a deposit in which the ore is distributed all over it; Stock′yard, a large yard with pens, stables, &c. where cattle are kept for slaughter, market, &c.—Take stock, to make an inventory of goods on hand: to make an estimate of; Take stock in, to take a share in, to put confidence in. [A.S. stocc, a stick; Ger. stock.]
Stock, stok, n. a favourite garden-flower. [Orig. called stock-gillyflower, to distinguish it from the stemless clove-pink, called the gillyflower.] ”

“ What is stock? says one, unhappily, in consequence of his own laziness and ill-luck, or of the laziness and ill-luck of his fathers before him, not a holder of such. Stock, O benighted individual, is a term applied to the various funds which constitute the National Debt, the interest on which is paid half-yearly. Few persons buy or sell stock except through a broker, and this is the original business of the stockbroker, and it was for this the Stock Exchange was erected in 1803. It is only since the peace that the present immense traffic has sprung up in miscellaneous and railway shares. ”

“ Almost invariably some finished stock is on hand and goods are in process of manufacture. Where interest is added, the result is to inflate the value at which the goods must be carried on the inventory—a very undesirable procedure from an accounting and financial viewpoint. By such means it is conceivable that a factory might be made to show a handsome profit even before any of the product had been sold. ”