. Cotton, its cultivation, marketing, manufacture, and the problems of the cotton world. e hourly fluctuations from season to season. ENTER THE IGNORANT SPECULATOR This indicates that there are two kinds of spec-ulations: one that consistently aims to buy andsell in the face of the correct play of the law ofsupply and demand; the second that throws thislaw to the wind, knowingly or through ignorance,and accepts the situation as a gamble, a blindchance,—as uncertain as the fling of a penny. Itis the actor in this second instance who sows,knowing not what he will reap, and who introducesthe most
. Cotton, its cultivation, marketing, manufacture, and the problems of the cotton world. e hourly fluctuations from season to season. ENTER THE IGNORANT SPECULATOR This indicates that there are two kinds of spec-ulations: one that consistently aims to buy andsell in the face of the correct play of the law ofsupply and demand; the second that throws thislaw to the wind, knowingly or through ignorance,and accepts the situation as a gamble, a blindchance,—as uncertain as the fling of a penny. Itis the actor in this second instance who sows,knowing not what he will reap, and who introducesthe most potent evil in the Cotton Exchange. In almost every town and city of the countryfutures are now bought and sold. Speculativegreed—getting something for nothing—draws theclerk, the journalist, the mechanic, the businessman, the farmer—all trades and professions, andtempts all to try the blind chance. And thisgambler finds the chance, sells without reason,buys knowing not what, nor with any understand-ings as to the workings and machinery of thetransaction in which he
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Keywords: ., bookcentury1900, bookdecade1900, booksubjectcottong, bookyear1906
