The Work of the Stock Exchange
The Work of the Stock Exchange
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, also have a vital bearing on whether or not an exchange might evolve for the given commodity.
3 See Chapter II.
ORGANIZED MARKETS AND THEIR FUNCTIONS 365 In the gradual and confused process which has attended the higher development of markets, therefore, a considerable number of articles and in particular, perishable foodstuffs and articles of widely varying quality and relatively small demand have lagged behind, and have either remained in the old markets made in the street or else have move...d back across the sidewalks into the retail stores. Trading in such commodi- ties is usually sluggish and speculation in them occurs on too narrow and limited a scale to afford the fullest economic benefit to the public. In consequence, the risks involved by carrying them are considerable and the profit on their occasional sales for that reason has to be very large.
But with the heavily demanded and more easily standard- ized commodities, as we have seen, a further evolutionary stage has been attained.
What to read after The Work of the Stock Exchange?
You can find similar books in the "Read Also" column, or choose other free books by James Edward Meeker to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
, also have a vital bearing on whether or not an exchange might evolve for the given commodity.
3 See Chapter II.
ORGANIZED MARKETS AND THEIR FUNCTIONS 365 In the gradual and confused process which has attended the higher development of markets, therefore, a considerable number of articles and in particular, perishable foodstuffs and articles of widely varying quality and relatively small demand have lagged behind, and have either remained in the old markets made in the street or else have move...d back across the sidewalks into the retail stores. Trading in such commodi- ties is usually sluggish and speculation in them occurs on too narrow and limited a scale to afford the fullest economic benefit to the public. In consequence, the risks involved by carrying them are considerable and the profit on their occasional sales for that reason has to be very large.
But with the heavily demanded and more easily standard- ized commodities, as we have seen, a further evolutionary stage has been attained.
What to read after The Work of the Stock Exchange?
You can find similar books in the "Read Also" column, or choose other free books by James Edward Meeker to read onlineMoreLess
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