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Origin and history of stocks

stocks(n.)

instrument of punishment and confinement formerly widely used in Europe and America (usually for vagrants and petty offenders), consisting of a wooden frame to confine the ankles of a seated person, early 14c., from stock (n.1); so called because they consisted of two large wooden blocks.

The separate use of stocks for "framework on which a boat was constructed" (early 15c.) led to the figurative phrase on stocks "planned and commenced" (1660s). 

Entries linking to stocks

Middle English stok, from Old English stocc "stump, wooden post, stake; trunk of a living tree; log," also "pillory" (usually plural, stocks), from Proto-Germanic *stauk- "tree trunk" (source also of Old Norse stokkr "block of wood, trunk of a tree," Old Saxon, Old Frisian stok, Middle Dutch stoc "tree trunk, stump," Dutch stok "stick, cane," Old High German stoc "tree trunk, stick," German Stock "stick, cane;" also Dutch stuk, German Stück "piece").

This is said to be from an extended form of PIE root *(s)teu- (1) "to push, stick, knock, beat" (see steep (adj.)), but Boutkan considers that instead it is "probably" from an extended form of the root *sta- "to stand, make or be firm."

In old use often paired alliteratively with stone (n.). With specific technical senses based on the idea of "principal supporting part" of a tool or weapon (to which others were affixed), such as "block from which a bell is hung," "gun carriage" (both late 15c.).

The sense of "part of a rifle held against the shoulder" is from 1540s. Stock, lock, and barrel "the whole of a thing" is recorded from 1817.

The meaning "line of descent, ancestry" is from late 12c.; that of "original progenitor of a family" is late 14c.; figurative uses of the "trunk of a living tree" sense (compare the notion in family tree and the family sense of stem (n.)). 

In comparisons, the meaning "person as dull and senseless as a block or log" is from c. 1300; hence "a dull recipient of action or notice" (1510s), as in laughing-stock and compare butt (n.3).

"place where securities are bought and sold," 1809, from stock (n.2) in the investment sense + market (n.). Stock exchange "building where stocks are bought and sold" is attested from 1773.

The original Stock Market (mid-14c.) was a fish and meat market in the City of London on or near the later site of Mansion House, so called perhaps because it occupied the site of a former stocks.

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