Marketing Agricultural Products
Marketing Agricultural Products
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In our eReader you can find the full English version of the book. Read Marketing Agricultural Products 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 Marketing Agricultural Products
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To quickly assess the difficulty of the text, read a short excerpt:
The usual work of clearing houses, except the one in Chicago, is to keep open trades, in an orderly way, up to date with respect to margins. The membere file their clearing sheets and with them, in case of loss, a check to cover the added margin resulting from the day's decline in price. Conversely, those whose holdings are on the winning side receive checks from the clearing house cov- ering their gains. Such clearing houses are organizations separate from the exchange.
-Boyle, Jumes E. , op. ...Cit. Y p. 79.
133 MARKETING AGRICULTURAL PRODUCTS In Chicago the clearing house is part of the Board of Trade. The work of this clearing house is to handle trades that are ready for final settlement. The settlement will be made in one of three ways: (1) by actual delivery of the grain; (2) by the delivery of a warehouse receipt, which entitles the holder to the grain; (3) by the matching of contracts for like amounts. If, as may occasionally happen, one trader buys from another, and then sells back to the same man, the clearing house will have nothing to do except to check up the difference in price, see that it is paid, and cancel the entire transaction.
What to read after Marketing Agricultural Products?
You can find similar books in the "Read Also" column, or choose other free books by Benjamin Horace Hibbard to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The usual work of clearing houses, except the one in Chicago, is to keep open trades, in an orderly way, up to date with respect to margins. The membere file their clearing sheets and with them, in case of loss, a check to cover the added margin resulting from the day's decline in price. Conversely, those whose holdings are on the winning side receive checks from the clearing house cov- ering their gains. Such clearing houses are organizations separate from the exchange.
-Boyle, Jumes E. , op. ...Cit. Y p. 79.
133 MARKETING AGRICULTURAL PRODUCTS In Chicago the clearing house is part of the Board of Trade. The work of this clearing house is to handle trades that are ready for final settlement. The settlement will be made in one of three ways: (1) by actual delivery of the grain; (2) by the delivery of a warehouse receipt, which entitles the holder to the grain; (3) by the matching of contracts for like amounts. If, as may occasionally happen, one trader buys from another, and then sells back to the same man, the clearing house will have nothing to do except to check up the difference in price, see that it is paid, and cancel the entire transaction.
What to read after Marketing Agricultural Products?
You can find similar books in the "Read Also" column, or choose other free books by Benjamin Horace Hibbard to read onlineMoreLess
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