Official Proceedings of the International Commercial Congress a Conference of a
Official Proceedings of the International Commercial Congress a Conference of a
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In our eReader you can find the full English version of the book. Read Official Proceedings of the International Commercial Congress a Conference of a 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 Official Proceedings of the International Commercial Congress a Conference of a
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When the fictitious values and prices go down by degrees, the money market absorbs the profit that should revert to the producer and the intermediate trade. Instead of a careful assortment of goods, the accumulation of inferior goods in- creases in speculative centres. In this way a false basis for the price of the world's market is established, and this is the price the producer receives for his good merchandise.
The poor quality of the goods dealt in on "futures" ex- cludes the legitimate dea...ler from speculation, for he cannot buy the needed qualities for six, seven and even twelvemonths, if the exchanges enforce the regulation of price several months earlier than expected. The dealer must make his choice of goods when "-hey are offered for sale on the market. He is, therefore, obliged to run some risk in larger purchases, which the speculative trade inflicts upon him, or he may find himself compelled to buy second hand, according to his needs. It will be seen that sound, legitimate speculation, and its influence on the shaping of prices, is totally ousted by the modem speculative trade, with ruinous influence on values.
What to read after Official Proceedings of the International Commercial Congress a Conference of a?
You can find similar books in the "Read Also" column, or choose other free books by International Commercial Congress 1899 Philadel to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
When the fictitious values and prices go down by degrees, the money market absorbs the profit that should revert to the producer and the intermediate trade. Instead of a careful assortment of goods, the accumulation of inferior goods in- creases in speculative centres. In this way a false basis for the price of the world's market is established, and this is the price the producer receives for his good merchandise.
The poor quality of the goods dealt in on "futures" ex- cludes the legitimate dea...ler from speculation, for he cannot buy the needed qualities for six, seven and even twelvemonths, if the exchanges enforce the regulation of price several months earlier than expected. The dealer must make his choice of goods when "-hey are offered for sale on the market. He is, therefore, obliged to run some risk in larger purchases, which the speculative trade inflicts upon him, or he may find himself compelled to buy second hand, according to his needs. It will be seen that sound, legitimate speculation, and its influence on the shaping of prices, is totally ousted by the modem speculative trade, with ruinous influence on values.
What to read after Official Proceedings of the International Commercial Congress a Conference of a?
You can find similar books in the "Read Also" column, or choose other free books by International Commercial Congress 1899 Philadel to read onlineMoreLess
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