Line

of stocks (or of grain, cotton, coffee, etc). A speculator is said to have a line of stocks when he is long or short of several stocks; the term line more particularly applies when the stocks have been bought or sold short systematically, as on a scale (see On a scale); or in anticipation of an advance or decline in which all will participate simultaneously. Likewise, a speculator is said to have a line of grain or of cotton, coffee, etc., when he has bought or sold for future de-: livery in various months and at varying prices.