Definition Jobber

A jobber is a colloquial term for a market maker on the London Stock Exchange prior to October 1986. Jobbers, also known as “stock jobbers”, acted as market makers. They kept the shares in their own books and created liquidity in the market by buying and selling securities and matching investors` buy and sell orders through their brokers, who were not allowed to create markets. The term “jobber” is also used to describe a small wholesaler or intermediary in the retail trade. This is a great opportunity for a beginner to gain experience in a friendly and challenging work environment. The Jobbers left little trace of their affairs, and neither journalists nor other observers kept many detailed accounts of their work. The history of banks, brokerage firms and other companies has been and will continue to be the basis of all historical documents relating to jobbers. Little is known about the activities of jobbers as they kept few records, but in the early 19th century there were hundreds of jobbing companies in London. The number of jobbers declined considerably during the 20th century until it ceased to exist in October 1986. These sample sentences are automatically selected from various online information sources to reflect the current use of the word “jobber”. The opinions expressed in the examples do not represent the opinion of Merriam-Webster or its editors.

Send us your feedback. A kind of intermediary in the clothing industry, as well as others, who buy surplus products from brand owners and manufacturers and sell them to retailers at prices 20-70% lower than wholesale. Due to the negative connotations of the word “jobber”, they are now referred to by the more politically correct term “off-price specialist”. The man who beat the most violent, this grumpy convict with a condescending forehead, was our stock jobber, John Dillaway. The jobber takes into account the facts he was able to learn about the book and places an appropriate order. Another important part of the work is to supply public libraries and similar institutions. The jobber system developed into a recognizable modern form during the 19th century as the range of title types expanded. At least half of the members of the London Stock Exchange have begun to specialize in creating a continuous market for one of the main types of these securities. For a small jobber, it is often crucial to be able to assemble a wagon filled with different packages. a dealer in shares or public funds; a jobber stick The role is ideal for a second jobber (or a first.. An act to curb the number and bad practices of stock brokers and stock market jobbers: 8 & 9 Wm.

3, Chap. 32 (1697) [Legislation of the English Parliament] The Centre for Metropolitan History has compiled an archive of interviews with former jobbers that serves as a permanent document of the last half-century of a distinctive part of London`s financial life. Suitable for a 2nd jobber with some previous experience in accounts. An oil jobber or trader is a person or company that buys quantities of refined fuel from refiners, either to sell to retailers or to sell them directly to users of those products. Essentially, the jobber acts as an “intermediary” between the company that refines petroleum products and those who use or market them at retail prices. The jobber often owns the gasoline sold and the station to which it is sold, but allows an operator to rent the store. In 2001, 44.3% of all gasoline in the United States was sold through jobbers. About the same percentage was sold through integrated oil companies owned and operated or franchise agreements.

The share of jobbers responsible for fuel sales in the United States fell to 37.3% in 2004. Jobbers are represented by professional associations such as the National Association of Shell Marketers, SIGMA: America`s Leading Fuel Marketers and the Petroleum Marketers Association of America. “Jobber.” dictionary Merriam-Webster.com, Merriam-Webster, www.merriam-webster.com/dictionary/jobber. Retrieved 9 January 2022. The distinction between these market makers or jobbers and the brokers who treated them on behalf of the public was clear, but was essentially based on custom and tradition until 1909, when a single capacity was officially listed in the rules of the London Stock Exchange. In 1914, there were more than 600 jobbing companies, as well as many individual jobbing companies. Do you remember them, the ambivalent nieces, the helpers and Abetter290 in the forged will of our stick jobber? These figures have steadily decreased as the institutional investor has replaced the private investor and the amount of jobbing capital required has increased significantly. On the eve of the “Big Bang”, there were only five large jobbing companies on the floor of the London Stock Exchange, although this drop in numbers did not necessarily mean a decrease in the negotiability offered by the system.

an unscrupulous promoter or broker of shares for investments, often on speculative value and by manipulation or deception means someone who buys large quantities of goods and resells them to traders and not to end customers A person or company engaged in the production of jobs. – The Golding Jobber Platen two arms, a machi on each side, the plate that derives an eccentric movement of the cams directed in conjunction with the shaft. an interpreter whose main task is to lose to established talent. This month saw the “Big Bang”, a major change in the operations of the London Stock Exchange. London`s financial sector was suddenly deregulated, fixed commissions were replaced by negotiated commissions, and e-commerce was introduced. someone who buys goods from importers, wholesalers or manufacturers and sells them to retailers, who makes official or public business a private advantage; hence someone who does a low or mercenary job in office, politics or intrigue.. .