The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-07-12
THAT TRANsA CTTON IN COTTON
The Cin.h Of Resoundins Lead Pencils SIN
borne on the Summer breeze.

To THE EDITOR OF The SUN-Sr: Assuming
$50 to have been the original value Of the cotton the
answers OF $50 todays sus would be corrcct sssum
ing that bought back. ser the rst sale at ts original
value 5 then s25 would be correct butin this practical
world assumptions won't do. In the absence Of all
knowledge TO the original value, as reasonable an
the others would he $40 his gam for don't
know that the cotton cost him any thing
Now. A seems to have been on the make and when he
sold for $50 he probably made something but sh may
have lost Now stop there and you could give
pront loss hut have II new. distinct. and
profitable transaction buying for si5 and selling Tor s0o
clear profit Of 80 SO my answer Isl An unknown
proilt lrst sale. aud profit second sale OF
80 w ID.
To ruv Enron or Tms srs-S, with all due Difference
$50 tie goith nair back cr s45 having then the bale
and 81 lie sls the bale aenin tor go which added TO
D,iuc,ng he nr.t tlen.acion so IRON The tlri trans
as the make on the speculation DoublK ENrHr
To rur Enron or TINS srS-Sr a sell. bale OF
cotton for SO he then buys 4 back for 80 na'
lcIdscntfoy on the price for which he can resell the
suppose he rcsc. for sis Has he los. any,hinr', Ger
taniy not Has he made anything No lie .tl has
tor s1g isla, made asts IL he esclls Tor 90 he has
In other words the dr.i sale ha. possible connection
with the subsequent dealings, except that by il he has
,he ea /. rsr. sy x dna he bale s Of Cotton
i,n, he MAKE. e Or c ,rnincd by me res
uon OF the second price received to the price gak ~
To TN Enron or Tny suv-Sir notice in most OF the
SOLUTION, which you have published the ,o,er- either
complain that lerc l. no nrst cost mentioned or else
ial.c dr,i cost upon the lulc OF COTTON
working Of the problem The question t. what wa-As
proh on the Transaction ~ statcl' aud am surrr~i
over 80 simple question ll- bale 9fcollon Tor SO
,ran'Seioni. So lie ihcn buy. ne baIc back ior 10
and sells u agair for tri thus making profit of $50 On
La rf finn la HE
nrst transactions makes total proht OIL $40, minus the
In other words started with the bale Of cotton and
no money and he lett on with $40 and bag of coion
To riu Enron OF TN SuN-S, iiscyidcnt that all the
% % Ill., ' nv ~, n,,, ., H.,
II 4 rcplls iac 90 cotton hushcl at votes ior sHi
which n,i'ci lam orainay SO he eeriainy makes ~,
h' that operation hut inasnuch ~ he lai to have 80
t. rcoie So qr rather so III saa must BE- added to ine
must D. added 10 the sd5 representing the second
attention no wouM not have fallen into crroi that
dcplorabic. L. L.
To ~, Enron or INV sr>-sir During the absence
ct ~, S g%p.Sar gsl5 Enors@i OF me gosi
- N oih,l waid. ne ic The nns eask 10, - Hal
ANA" 6s - IA i,s n ns va n ~ 's
matter doc, nu not here Another customer succeeds
ID, hrst AM afc has. the iiE or - re q. m hes
tn. employer returns and at once declares that the ring
ha,e substituted rrs. being much moro portable,
Tor W. bale "l c"ltun IN Your problem ana lhink van
Moad ,nilcy lslcnd % the Hr5n cost omitted A. ~,
1.swduii he SS fhe proiiem u.s. ,hcrciore unittsrim
nat hcing INCOMPLETE.
CAPABLE OF solution A merchant bought 80 bales Of
cotton. consisting ct two different quantities. tor $1,000
on. halt r the money was Iail Tor he poorer quality
amt me hni Tor the h.ttcr quality THO letter quality
e.-i ~ icT hag more than q, Other How many bales
OF, ana what price Tor, each kindf H. T.
To TIE Error or rnH suN-s, John buys toy for so
cents ss charles % cont buys it bach ior -
% SON comes srrS AMI b"y nat I rom S' join az" ior u
counts money again ,, e hsi N %, ., ~
cents You could not convince John that his pront was 20
I9' i.thc bali Of eei'9p question exactly Being an
old D., okk nr would hke to get some ~ your CORE
ACCOUNTANT, II Fulton street.
Tornt Enron NJ INV SrS>1 In regard to the cotton
problem hiuk YOU are night reason IN IN. way ,
SO =, W. ASSUME that D. ha. the cotton and NO
Ky oaek ana ray, Guy -, Ih,n se ma isi' :, ana
ha and 'n T5 w T III s ed, NE 9a q, iq s
r ,eid to rf4 ,,.a 9, the cotton which he had
am not srhap' an g,Niert aecGunisn' hgt ! think
Y"Gr, ifay. Jons wArsoS
To I'M Enron or Tue sr>-Sr. My solution OF the
cotton problem. briefly TIM,
July To tale of cotton on hand ........ $50
81 ,,n rcceN,di,r cotton on lani......... .
!" balance .......'....t... '''.'''s'''''...-- -
tai ........................... sli1
July ~ ,slc o! eos @. cotton. 81
Total ..................... sii5
showing clearly pron,o so wfj.
To Inv Epron oy 1u SrS-!a Your solution Of the
cotton question: r-hi because A.yls Ne naie OF cot
SON io ior $50 AMI h'n buy thack oi 50 he thereby
nnk, - and u.niu selling IL inr 81 he make, s-n In
tic cond 'alc, "a becomes the buyin. price. =
To- mr Enron or Tn srS>'r think ,on are ri.ht. be-.
,r al h u,at, = and ~ ir .rn. n Uni, f,r ~ he