About sugar buying for Jobbers

How you can lessen business risks by trading in refined sugar futures

Cover image for

Download


Author: B.W. Dyer
Published: 1921
Language: English
Wordcount: 10,182 / 40 pg
Flesch-Kincaid Reading Ease: 72.1
LoC Category: HF
Downloads: 5,512
Added to site: 2009.09.06
mnybks.net#: 25207
Origin: gutenberg.org

Jobbers who have had considerable experience in exchange operations will find in this booklet a simplified and non-technical description of activities with which they may be in general familiar.We believe, however, that the inauguration of trading in refined sugar futures on the New York Coffee and Sugar Exchange, Inc., throws open a new realm of opportunity.

Show Excerpt

by the Exchange will appeal to those jobbers who wish to reduce the speculative element in their business.

In the example immediately following, as in all others, we have not taken into consideration the difference between the Exchange quotations and the Seaboard Refiners' quotations, which is explained on page 38. This would simply inject an unnecessary complication, and would be of no particular advantage for purposes of illustration.

Suppose you should buy through your broker from a refiner, for prompt shipment, an amount of actual sugar at 6.00, which you plan to sell within a short time after its receipt. Instead of worrying about subsequent sugar price fluctuations, you simultaneously hedge this purchase by selling futures in the same amount on the Exchange. The price at which you buy actual sugar and the price at which you sell futures should be relatively the same, since Exchange prices generally reflect refiners' prices.

You should be able to figure the cost of

(Promote your book here)

Featured Books

Cover image for About sugar buying for Jobbers by B.W. Dyer - Free eBook

Who Murdered Mr. Malone?

Garden Girls Christian Cozy Mystery Series Book 1
Hope Callaghan

Who Murdered Mr. Malone? Book 1 of the Garden G... Read more

Cover image for About sugar buying for Jobbers by B.W. Dyer - Free eBook

Phantasia

Book One: Into the Rain
M.U. Riyadad

After finding the body of a dragon in a metalli... Read more

Cover image for About sugar buying for Jobbers by B.W. Dyer - Free eBook

Fearsome

Fearsome Series Book 1
S.A. Wolfe

*This is a stand-alone book in the Fearsome Ser... Read more

Cover image for About sugar buying for Jobbers by B.W. Dyer - Free eBook

Nano Contestant

Episode 1: Whatever It Takes
Leif Sterling

Fans of the Hunger Games and Sci-Fi Thrillers will... Read more

Cover image for About sugar buying for Jobbers by B.W. Dyer - Free eBook

Anais of Brightshire

The Blood Mage Chronicles Book 1
Jamie Wilson

While rumors of monsters rising in the south bring... Read more

Cover image for About sugar buying for Jobbers by B.W. Dyer - Free eBook

Sound of Sirens

Tales of Skylge #1
Jen Minkman

On the island of Skylge, electricity is only fo... Read more

(advanced)
login | register

User ID

Password

reset password

Help ManyBooks by sharing this page!

See it as donating a moment of your social media time, every little thing helps us improve and stay online.

Popular in This Genre

The list of books below is based on the weekly downloads by our users regardless of eReader device or file format.

The Art of Public Speaking
by Dale Carnegie
The Power of Concentration
by Theron Q. Dumont
The Age of Reason
by Thomas Paine
On the Origin of Species
by Charles Darwin
Chess Strategy
by Edward Lasker

See more popular titles from this genre.