Wheelbarrow: Articles And Discussions On the Labor Question, 1including the ...

Cover Wheelbarrow: Articles And Discussions On the Labor Question, 1including the ...
Wheelbarrow: Articles And Discussions On the Labor Question, 1including the ...
M. M. Trumbull
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He ■ a rise^ or he sells for future delivery line. There can be no buyer without seller without a buyer. If the short Digitized by VjOOQIC CORNEJiS AND THE BOARD OF TRADE, 219 seller was too numerous, grain would go down, and bread would be cheap ; but the agriculturalist would suffer, and if this influence continued long enough, he would cease to raise wheat, when a reaction would ensue, wheat would be scarce and high, and bread would become dear.
"Against this influence, the speculative buyer
... offers the only barrier. He is handicapped at the be- ginning by charges and expenses from which the short seller is free, /. e.,\{ he buys and carries wheat or other property, he is subjected to the cost of storage, interest, insurance, and the risk of deterioration in quality. Both the buyer and the seller are governed by their conclusions, reached from the best examina- tion they can make of the present and prospective quantity of grain, as compared with the present and prospective demand for it, whether for home consump- tion or foreign exportation.

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