The Laws of Trade As Adopted By the Board of Trade the Union Stock Yards And T
The Laws of Trade As Adopted By the Board of Trade the Union Stock Yards And T
Samuel Macauley Jackson
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Honor would be at a ruinous discount, and integrity would be as a foot-ball kicked hither and yon by every shyster. The inevitable effect of corners is demoralizing to individuals and damaging to the interests of legitimate trade, and is forbidden by the laws of England so far back that the memory of man runneth not to the contrary. The July corner, as statistics plainly show, caused an im- mense falling off. Of both domestic and foreign shipments of grain, and the practical embargo was seriou&...ly felt by a score of interests. More- over, such a condition of things has a decided tendency to permanently injure our foreign grain trade by turning orders into other channels. Some parties argue that the Anti-Corner rule serves to depress the market and give the advantage to other points, but this will always work in consonance with the law of average, and what is apparently lost at one time will be gained at another. It is still further contended that in selling short on futures the "scalpers" should suffer.
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