2012, ISBN: 1130239616

[EAN: 9781130239614], Neubuch, [PU: Rarebooksclub.com, United States], Brand New Book ***** Print on Demand *****. This historic book may have numerous typos and missing text. Purchasers … More...

[EAN: 9781130239614], Neubuch, [PU: Rarebooksclub.com, United States], Brand New Book ***** Print on Demand *****. This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 Excerpt: .run to the interest of the producer," and that "there is no truer maxim in economics than that' competition is the life of trade."3 Mr. Greeley voices in his paper the grievancesof the small grain dealer who is unable to pay as much to the producer (farmer) as the large warehouses pay, since the latter, being in league with the railroads, can afford to pay a higher price to the farmer and yet make a profit. It is true that hundreds, or perhaps thousands, of small dealers are thereby driven out of business; but this is due to the superior facilities of large capital, just as in any other industry, and not to speculation in futures. It is true that the monopoly, once established, may "in the long run" result in injury " to the interest of the producer," to quote Judge Tuley. But again, that will be due rather to the power of monopoly than to speculation. i Quoted from Bradstreet's, August 12,1896, p. 542.-Official Report of the Conference, published by the Civic Federation of Chicago, p. 203. 3Loc.eit., p.205. As we have attempted to show, it is a mistake to represent speculation in futures as an organized attempt to suppress prices to producers. First. Because every short seller must become a buyer before he carries out his contract. Second. Because, as far as spot prices are concerned, the short seller appears as a buyer and not as a seller, and therefore, against his own will, is instrumental in raising prices. Third. Because, as far as " future" prices are concerned, the "bull" in speculative buying counteracts the effects of speculative selling of the " bear." Fourth. Because the " bull" in his realizing operations when depressing prices, is counteracted by the opposite effect of t.<

ISBN: 1130239616

[EAN: 9781130239614], Neubuch, BOOKS GROUP,SUBJECTS, This item is printed on demand. Paperback. This historic book may have numerous typos and missing text. Purchasers can download a free… More...

[EAN: 9781130239614], Neubuch, BOOKS GROUP,SUBJECTS, This item is printed on demand. Paperback. This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 Excerpt: . . . run to the interest of the producer, and that there is no truer maxim in economics than that competition is the life of trade. 3 Mr. Greeley voices in his paper the grievancesof the small grain dealer who is unable to pay as much to the producer (farmer) as the large warehouses pay, since the latter, being in league with the railroads, can afford to pay a higher price to the farmer and yet make a profit. It is true that hundreds, or perhaps thousands, of small dealers are thereby driven out of business; but this is due to the superior facilities of large capital, just as in any other industry, and not to speculation in futures. It is true that the monopoly, once established, may in the long run result in injury to the interest of the producer, to quote Judge Tuley. But again, that will be due rather to the power of monopoly than to speculation. i Quoted from Bradstreets, August 12, 1896, p. 542. -Official Report of the Conference, published by the Civic Federation of Chicago, p. 203. 3Loc. eit. , p. 205. As we have attempted to show, it is a mistake to represent speculation in futures as an organized attempt to suppress prices to producers. First. Because every short seller must become a buyer before he carries out his contract. Second. Because, as far as spot prices are concerned, the short seller appears as a buyer and not as a seller, and therefore, against his own will, is instrumental in raising prices. Third. Because, as far as future prices are concerned, the bull in speculative buying counteracts the effects of speculative selling of the bear. Fourth. Because the bull in his realizing operations when depressing prices, is counteracted by the opposite effect of t. . . This item ships from La Vergne,TN.<