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    About sugar buying for jobbers: How you can lessen business risks by trading in refined sugar futures
    About sugar buying for jobbers: How you can lessen business risks by trading in refined sugar futures
    About sugar buying for jobbers: How you can lessen business risks by trading in refined sugar futures
    Ebook46 pages34 minutes

    About sugar buying for jobbers: How you can lessen business risks by trading in refined sugar futures

    By B. W. Dyer

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    About this ebook

    DigiCat Publishing presents to you this special edition of "About sugar buying for jobbers" (How you can lessen business risks by trading in refined sugar futures) by B. W. Dyer. DigiCat Publishing considers every written word to be a legacy of humankind. Every DigiCat book has been carefully reproduced for republishing in a new modern format. The books are available in print, as well as ebooks. DigiCat hopes you will treat this work with the acknowledgment and passion it deserves as a classic of world literature.
    LanguageEnglish
    PublisherDigiCat
    Release dateSep 4, 2022
    ISBN8596547216322
    About sugar buying for jobbers: How you can lessen business risks by trading in refined sugar futures

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      Book preview

      About sugar buying for jobbers - B. W. Dyer

      B. W. Dyer

      About sugar buying for jobbers

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

      EAN 8596547216322

      DigiCat, 2022

      Contact: DigiCat@okpublishing.info

      Table of Contents

      How you can lessen business risks by trading in Refined Sugar Futures

      by

      B. W. DYER

      How you can lessen

      business risks by trading in

      Refined Sugar Futures

      Table of Contents

      by

      Table of Contents

      B. W. DYER

      Table of Contents

      A BOOKLET

      FOR JOBBERS WHO

      SELL SUGAR

      Lamborn & Company

      SUGAR HEADQUARTERS

      132 FRONT STREET · NEW YORK

      Copyright, 1921

      LAMBORN & COMPANY

      About Sugar Buying

      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.

      We have attempted to outline briefly the chief advantages to be gained by a jobber's use of this new market, assuming that those who have in the past dealt in raw sugar as a protection for their refined sugar needs will welcome suggestions as to the benefits to be derived from trading directly in refined sugar.

      Time, the Croupier of Business

      Like a croupier at a vast roulette table, Time presides over the realm of business.

      Time is the tap-root of most business uncertainties.

      No one can tell what will happen a year, a month, a day, a minute from now—the future may bring floods and wars, pestilence and drouth; or it may bring great crops and fair weather, happiness and prosperity.

      As business has become more and more complicated, the time element has become larger and larger. The time element as we know it does not exist in simple barter—a man weaves a piece of cloth and exchanges it for a bushel of corn: time is of no account in the transaction. A small jobber located in the same territory as refiners buys a small amount of sugar today and distributes it to his trade the next—time is negligible. A large jobber, buying perhaps for several branch houses, or located at points which necessitate a delay of two or three weeks in transit, may find it necessary even on a declining market to purchase a considerable amount of sugar, and, as a result, weeks may go by before his sugar arrives and is sold—time is vitally important.

      Time is an element in costs and prices, because over any extended period of time many things may happen to influence costs and prices.

      All business planning must deal with Time.

      To the unenlightened business man, Time is a

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