Functions and Needs of Our Great Markets (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from Functions and Needs of Our Great Markets

It must be admitted that in making prices daily the great market performs a most comprehensive, highly important and necessary feat which no other known agency can perform. Crop - reporting agencies greatly assist, but only the trading mart can serve as the crucible in which prices current are evolved out of the conditions of supply and demand. In relation to the entire world product of any commodity, as of wheat or cotton, the markets assemble as much as they can of the facts available concerning the supply afforded by the previous crop, also concerning the raw and finished products in store and in transit; concerning the acreage and condition of grow ing crops and also concerning the present and prospective demand.

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