The Merchants' Magazine And Commercial Review
The Merchants' Magazine And Commercial Review
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In our eReader you can find the full English version of the book. Read The Merchants' Magazine And Commercial Review 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 The Merchants' Magazine And Commercial Review
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On the con- trary, the researches of historians and antiquarians have made it clear, beyond a doubt, that in those times of little trade the instability of prices was exceedingly great Nor is it difficult to see why it must have been so. At present there exists a race of speculators, men who watch the fluctuations of prices, and expect to get rich by taking advantage of them, who step forward whenever an article reaches a certain state of depression, and buy it up with the design to hold it for... a rise. In those times no such race of men existed. The only purchasers were consumers, and few bought what they did not design for immediate use. Whenever there was a large supply of an article, its price fell almost to nothing ; and when the supply became deficient, as there was no surplus stock to draw upon, the price rose to extravagant amounts.
Take the article of breadstuffii, for example, which has always been a principal article of trade, where trade has existed to any considerable ex- tent Com, which in its proper English sense, includes all kinds of grain, is one of those articles in which the greatest fluctuations of price take Digitized by Googk On, High and Law Prices.
What to read after The Merchants' Magazine And Commercial Review?
You can find similar books in the "Read Also" column, or choose other free books by Hunt, Freeman, 1804-1858 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
On the con- trary, the researches of historians and antiquarians have made it clear, beyond a doubt, that in those times of little trade the instability of prices was exceedingly great Nor is it difficult to see why it must have been so. At present there exists a race of speculators, men who watch the fluctuations of prices, and expect to get rich by taking advantage of them, who step forward whenever an article reaches a certain state of depression, and buy it up with the design to hold it for... a rise. In those times no such race of men existed. The only purchasers were consumers, and few bought what they did not design for immediate use. Whenever there was a large supply of an article, its price fell almost to nothing ; and when the supply became deficient, as there was no surplus stock to draw upon, the price rose to extravagant amounts.
Take the article of breadstuffii, for example, which has always been a principal article of trade, where trade has existed to any considerable ex- tent Com, which in its proper English sense, includes all kinds of grain, is one of those articles in which the greatest fluctuations of price take Digitized by Googk On, High and Law Prices.
What to read after The Merchants' Magazine And Commercial Review?
You can find similar books in the "Read Also" column, or choose other free books by Hunt, Freeman, 1804-1858 to read onlineMoreLess
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