Specimens of Cotton Hedging, Illustrating How Cotton Merchants & Manufacturers use Cotton Futures for Price Insurance

Specimens of Cotton Hedging, Illustrating How Cotton Merchants & Manufacturers use Cotton Futures for Price Insurance
by Alston H. Garside

Book Description: New York Cotton Exchange, New York, 1934. Soft cover. 8vo - over 7¾ - 9¾" tall. Softcover, Saddle Stitch, Cream wrappers with black title to cover, assumed first edition, published 1934, 18 pp. 6" x 9",

Book Condition: Very Good, covers rubbed, soil, light insect damage and what appears to be a few burn marks near front edges (see photo), corners lightly bumped, spine bumped and worn, some light chipping to front cover edge, internally very clean and bright, no marks.,

Content: The Principle and Utility of Hedging, Low Cost of Merchandising Made Possible by Hedging, Illustration of Principle of Hedging, How the Non-Hedging Merchant Would Operate, How the Hedging Merchant Operates, Hedging Merchant Indifferent to Price, Hedging Merchant's Margin Small but Relatively Safe, Hedging Does Not Eliminate All Risk to Merchant, Manufacturers Also Use Futures as Hedges, Benefits of Hedging System Widely Distributed, Specimen No. 1: Hedging by Cotton Merchant To Avoid Loss through Advance in Price of Cotton Sold to Manufacturers in Spring before He Buys It out of New Crop in Fall, ALSO To Avoid Loss through Decline in Price of Surplus Grades of Cotton Bought in Mixed Lots before Sale to Manufacturers, Specimen No. 2 : Hedging by Cotton Merchant To Avoid Loss through Decline in Price of Cotton Bought for Stock in Fall before He Sells It to Manufacturers in Spring, Specimen No. 3: Hedging by Cloth Manufacturer To Avoid Loss through Decline in Price of Cloth Made in Advance of Sale -- end. 18 pp. Scarce and Collectible Title on Cotton Hedging.

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