Brokers


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BROKERS, commerce. Those who are engaged for others, in the negotiation of contracts, relative to property, with the custody of which they have no concern. Paley on Agency, 13; see Com. Dig. Merchant, C.
     2. A broker is, for some purposes, treated as the agent of both parties; but in the first place, he is deemed the agent only of the person by whom he is originally employed; and does not become the agent of the other until the bargain or contract has been definitely settled, as to the terms, between the principals. Paley on Ag. by Lloyd, 171, note p; 1 Y. &, J. 387.
     3. There are several kinds of brokers, as, Exchange Brokers, such as negotiate in all matters of exchange with foreign countries.
     4. Ship Brokers. Those who transact business between the owners of vessels, and the merchants who send cargoes.
     5. Insurance Brokers. Those who manage the concerns both of the insurer and the insured.
     6. Pawn Brokers. Those who lend money, upon goods, to necessitous people, at interest.
     7. Stock Brokers. Those employed to buy and sell shares of stocks in corporations and companies. Vide Story on Ag. Sec. 28 to 32; T. L. h. t.; Maly. Lex Mer. 143; 2 H. Bl. 555; 4 Burr, R. 2103; 4 Kent, Com. 622, note d, 3d ed.; Liv. on Ag. Index, h. t.; Chit. Com. L. Index, h. t.; and articles Agency; Agent; Bought note; Factor; Sold note.

References in classic literature ?
Here are the names of seven respectable brokers," Wingrave continued, passing a sheet of paper towards him.
The news of the dealing, however, had got about, and although derision was the chief sentiment amongst the brokers, the price steadily mounted.
The brokers, however, now understood, or thought they understood, the situation.
The telephone rang all the time; the place was besieged with brokers.
His brokers won't listen to me, and your governor--well, I've just been to see him.
On the third afternoon, Aynesworth met on the stairs a young broker, whom he had come across once or twice during his earlier dealings in the shares.
The machine sitting at that desk was no longer a man; it was a busy New York broker, moved by buzzing wheels and uncoiling springs.
He who has been denied the spectacle of a busy Manhattan broker during a rush of business is handicapped for the profession of anthropology.
In the midst of this growing and important stress the broker became suddenly aware of a high-rolled fringe of golden hair under a nodding canopy of velvet and ostrich tips, an imitation sealskin sacque and a string of beads as large as hickory nuts, ending near the floor with a silver heart.
And through the window came a wandering--perhaps a lost--odour--a delicate, sweet odour of lilac that fixed the broker for a moment immovable.
I have only noticed them from over the way, because if the broker saw me, bless you, he'd ask any price for them
I never shall forget him peeping round the corner of the street in Tottenham Court Road, while Peggotty was bargaining for the precious articles; or his agitation when she came slowly towards us after vainly offering a price, and was hailed by the relenting broker, and went back again.