Monopolies And the People
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In our eReader you can find the full English version of the book. Read Monopolies And the People Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Monopolies And the People
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The difference lies in the fact thatthe "corner" is a temporary monopoly, while the trust is a permanentone. The man who forms a corner in, let us say, wheat, first purchasesor secures the control of the whole available supply of wheat, or asnear the whole supply as he can. In addition to this he purchases morethan is really within reach of the market, by buying "futures, " ormaking contracts with others who agree to deliver him wheat at somefuture time. Of course he aims to secure the greater ...part of his wheatquietly, at low figures; but after he deems that the supply is nearlywithin his control, he spreads the news that there is a "corner" in themarket, and buys openly all the wheat he can, offering larger and largerprices, until he raises the price sufficiently high to suit him. Now themen who have contracted to deliver wheat to him at this date are at hismercy. They must buy their wheat of him at whatever price he chooses toask, and deliver it as soon as purchased, in order to fulfil theircontracts.
What to read after Monopolies And the People?
You can find similar books in the "Read Also" column, or choose other free books by Baker Charles Whiting to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The difference lies in the fact thatthe "corner" is a temporary monopoly, while the trust is a permanentone. The man who forms a corner in, let us say, wheat, first purchasesor secures the control of the whole available supply of wheat, or asnear the whole supply as he can. In addition to this he purchases morethan is really within reach of the market, by buying "futures, " ormaking contracts with others who agree to deliver him wheat at somefuture time. Of course he aims to secure the greater ...part of his wheatquietly, at low figures; but after he deems that the supply is nearlywithin his control, he spreads the news that there is a "corner" in themarket, and buys openly all the wheat he can, offering larger and largerprices, until he raises the price sufficiently high to suit him. Now themen who have contracted to deliver wheat to him at this date are at hismercy. They must buy their wheat of him at whatever price he chooses toask, and deliver it as soon as purchased, in order to fulfil theircontracts.
What to read after Monopolies And the People?
You can find similar books in the "Read Also" column, or choose other free books by Baker Charles Whiting to read onlineMoreLess
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