History of American textiles : with kindred and auxiliary industries (illustrated) (1922)
Boston : Frank P. Bennett · leaf 64
eemonths hence, he enters the futures marketand buys one thousand bales for deliverythree months hence. Let us suppose thetime for the delivery of the cotton has ar-rived. If the market has risen and he isforced to buy his cotton to fulfill the con-tract at a loss, this loss is naturally offsetby… … MOSES BROWN more cheaply in the market than the pricefor which he contracted to deliver to themill, his profit from this circumstance isoffset by the decline in the value of hisfutures purchase. The result is thatthrough operating in futures the cotton mer-chant negates any profit or loss due…
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.
