History of American textiles : with kindred and auxiliary industries (illustrated) (1922)
Boston : Frank P. Bennett · leaf 63
any of them areused for hedging purposes. Hedging maybe defined as insurance, or protectionagainst fluctuations in the price of actualcotton. The southern cotton factors andexporters use future contracts as hedgesvery extensively. They accumulate various 59 HISTORY OF AMERICAN TEXTILES. quantities… … New Orleans Cotton Exchange Building and adding their commission, offer theirholdings at a price based on the price of thefuture delivery contracts they have sold ashedges. This is known as selling; cottonon basis, that is, the price is based on theprice of futures. The buying of cotton inthis…
Textile industry -- United States · Textile fabrics -- United States
Internet Archive · UMass Dartmouth, Claire T. Carney Library · Public Domain Mark 1.0. Free to use for anything.
