This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1896 Excerpt: ...the moment. This at least was the interpretation of the press. Cf. Cohn, Ueber das Borsenspiel, Schmoller's Jahrbuch, xix, p. 52. tive commodity or security. In the first case it is never quite possible to tell what other changes besides the introduction of speculation may have been of influence; in the second case it ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1896 Excerpt: ...the moment. This at least was the interpretation of the press. Cf. Cohn, Ueber das Borsenspiel, Schmoller's Jahrbuch, xix, p. 52. tive commodity or security. In the first case it is never quite possible to tell what other changes besides the introduction of speculation may have been of influence; in the second case it is difficult to weigh the various influences, other than the presence or absence of speculation, which affect the prices of the two commodities. For example, it is sometimes said that wheat fluctuates in value more than many non-speculative commodities; but this is not because of speculation, but because of the inherent uncertainty of its supply. On the other hand, corn, in the long run, fluctuates more than wheat/ but this is not due to the smaller degree of speculation in the case of corn. It is grown in fewer countries than wheat, and is not in such steady demand for human food. The stocks which are chiefly speculated in are often most irregular in their price movements, but it is the natural fluctuation in value which induces the speculation, not the speculation which causes the fluctuation. For these reasons statistics can hardly be used to furnish either proof or disproof of the foregoing estimate of the effect of speculation. Any general opinion on the subject must rest rather upon its own reasonableness than upon statistical verification. With the necessity of caution in interpretation duly recognized, it is possible to make some statistical comparisons which, if not of complete significance, are at least of interest. A comparison not infrequently made is that of the wide fluctuation in the price of grain in the middle ages with similar fluctuations to-day. For example, wheat in London sold in 1335 at 10 s. per bushel, and in 1336 at 1...
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Add this copy of Speculation on the Stock and Produce Exchange of the to cart. $49.33, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2012 by Nabu Press.
