Cotton Futures the Business of Buying And Selling Cotton From Future Delivery
Cotton Futures the Business of Buying And Selling Cotton From Future Delivery
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To quickly assess the difficulty of the text, read a short excerpt:
KEMPNER.
WELD-NEVILLE COTTON COMPANY (Incorporated) Capital, $100, 000.
HOUSTON, TEXAS, April 18, 1911.
Mr. Alfred B. Shepperson, New York, N. Y.
DEAR SIR: Replying to your letter of April nth, we would state that the facilities for buying and selling cotton "futures" are of very great service to us in our business.
8 We are obliged to use the purchase and sale of "futures" as a hedge (protection) and they enable us to be in the market every day and at all times for cotton. Were we to depend en...tirely on demand from spinners for cotton, we fear we should have to do a very much smaller business, and work on a much larger margin of profit than is now the case. Besides we should likely not be in the market a great deal of the time, as we certainly would not buy cotton unless we had a place for it.
Yours very truly, A C. CAIRNS, Vice-Pres't.
ROBARDS COTTON CO.
SAN ANTONIO, TEXAS, April 17, 1911. Mr. Alfred B. She p per son, New York, N. Y. DEAR SIR: Your favor of nth inst. Is received. We beg to say that we regard the facilities afforded by the New York and New Orleans Cotton Exchanges, for "hedging" cotton either in stock or sold for forward shipment, as indis- pensable to any prudent person or firm engaged in the spot cotton business.
What to read after Cotton Futures the Business of Buying And Selling Cotton From Future Delivery?
You can find similar books in the "Read Also" column, or choose other free books by Alfred B Shepperson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
KEMPNER.
WELD-NEVILLE COTTON COMPANY (Incorporated) Capital, $100, 000.
HOUSTON, TEXAS, April 18, 1911.
Mr. Alfred B. Shepperson, New York, N. Y.
DEAR SIR: Replying to your letter of April nth, we would state that the facilities for buying and selling cotton "futures" are of very great service to us in our business.
8 We are obliged to use the purchase and sale of "futures" as a hedge (protection) and they enable us to be in the market every day and at all times for cotton. Were we to depend en...tirely on demand from spinners for cotton, we fear we should have to do a very much smaller business, and work on a much larger margin of profit than is now the case. Besides we should likely not be in the market a great deal of the time, as we certainly would not buy cotton unless we had a place for it.
Yours very truly, A C. CAIRNS, Vice-Pres't.
ROBARDS COTTON CO.
SAN ANTONIO, TEXAS, April 17, 1911. Mr. Alfred B. She p per son, New York, N. Y. DEAR SIR: Your favor of nth inst. Is received. We beg to say that we regard the facilities afforded by the New York and New Orleans Cotton Exchanges, for "hedging" cotton either in stock or sold for forward shipment, as indis- pensable to any prudent person or firm engaged in the spot cotton business.
What to read after Cotton Futures the Business of Buying And Selling Cotton From Future Delivery?
You can find similar books in the "Read Also" column, or choose other free books by Alfred B Shepperson to read onlineMoreLess
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