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9780243091478: Functions and Needs of Our Great Markets (Classic Reprint)
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By Willet M. Hays, Assistant Secretary, Department of A griculture, Washington, D. C. The trading pit organizations of boards of trade and chambers of commerce have come to function as crop-reporting boards as well as marts of trade. Unlike state and national crop-reporting boards, they are not local to their own country, but are also international in scope, taking account of acreages, crop conditions and harvested products of the entire world. A nd, imlike publicly-supported crop-reporting boards, they take into accotmt demand as well as supply. They have more final functions than have public crop-reporting boards, because they crystallize the whole knowledge of conditions of supply and demand into actual daily prices. These boards in the great commercial centers are, however, very inefficient reporters of crop conditions, in that they do not act as unbiased boards. The price figure which they decide upon is based only in part upon conditions relating to the supply and demand of the actual product and in part upon thoughts which grow out of the self-interest of the dealers in the ownership of margins on options and futures. The ownership of these margins, especially in case of exaggerated comers, gives such a bias to a portion of the members of these commercial price-making boards that their composite judgment is much warped. These margins, risked on options and futures, sometimes aggregate many times more than the sum of the margins risked in the fluctuations on the price of the actual products bought and sold in the same market. In determining prices, the money at stake on wind sales takes a most prominent place by the side of actual changed conditions of acreage or of the development of the crop. In other words, mischievous factors arise to prevent the free action of the law of supply and demand, and the trading pit becomes an agency interfering with wha
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  • ÉditeurForgotten Books
  • Date d'édition2018
  • ISBN 10 0243091478
  • ISBN 13 9780243091478
  • ReliureBroché
  • Nombre de pages30
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Autres éditions populaires du même titre

9781177234627: Functions and Needs of Our Great Markets

Edition présentée

ISBN 10 :  1177234629 ISBN 13 :  9781177234627
Editeur : Nabu Press, 2010
Couverture souple

  • 9780332809809: Functions and Needs of Our Great Markets (Classic Reprint)

    Forgot..., 2018
    Couverture rigide

  • 9781356291700: Functions and Needs of our Great Markets

    Palala..., 2016
    Couverture rigide

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Willet Martin Hays
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ISBN 10 : 0243091478 ISBN 13 : 9780243091478
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Description du livre Paperback. Etat : New. Print on Demand. Excerpt from Functions and Needs of Our Great Markets. About the Publisher, Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. N° de réf. du vendeur 9780243091478_0

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