chapter  XL
5 Pages

Do. (continued)

THE SPECULATOR'S PROFIT (continued) I N the last chapter it was found that, owing to the organiza-tion of the market, the Jobber bargained on practically equal terms in his dealings with the public, and that consequently his profits were not unduly increased by the exercise

of superior bargaining knowledge. In this chapter we have to consider to what extent other skilled speculators are able to obtain profits in excess of the value of their service by the use of superior knowledge in their dealings, through the Jobber, with other members of the public.