Manchurian beans

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Monograph

Identifikator:: 1795345705

URN:: urn:nbn:de:zbw-retromon-179245

Document type:: Monograph

Title:: Manchurian beans

Place of publication:: Dairen

Publisher:: The Manchuria Daily News

Year of publication:: 1929

Scope:: III, 81 Seiten; Ill.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. How Manchurian beans are dealt in

Collection:: Economics Books

In this line of business, no fixed market is specified, the deals being put through generally between the producers and the local dealers or oftener between the dealers and bean mills or produce merchants. Business between local dealers and others at the larger centres along the railway takes place comparatively less frequently. (b} Grex Crops IN THE FIELD Dealing in the green crops in the field is a peculiar way of forward contract business in vogue in Manchuria, especially in North Manchuria. A bargain is concluded genedolly on the basis of an estimate harvest of Beans and a price considered as fair about the time of delivery. Such bargains are concluded with the producers or farmers about June or July by fixing the time of delivery. 70-80 per cent of the contract price is paid as earnest money in advance, and the contract is countersigned by a suitable guarantor. The stocks are taken delivery of against the contract paper on paying the balance of the price at the appointed date. The above method is repeated from year to year by Chinese produce dealers and foreign firms like the Wassards, ete., in North Manchuria. In some locality, the buyers will pay the full price in advance against a certificate for delivery of the bean stocks handed by the seller. This certificate is known as ‘‘feitzu,”’ and pending the time of 3

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