/ 
SPECULATIVE TRANSACTIONS IN 1926 MAY WHEAT FUTURE 31 
. 
TaBLeE 3.—The days on which eight speculative traders made purchases or sales 
to a net amount of 500,000 bushels or more in wheat futures, together with the net 
change in future prices, from April 18, 1925, to May 29, 1926—Continued 
1926 September | 1926 December Net ore 
| 
| 1926 May future 
{ 
age | 
1926 July future future future chiens A oh 
or sales, change 
| z | all fu. (do ps 
| Net |Netpur-| Net | tures 
Net pur-| Net 
chases | price 
or sales | change 
Net pur-| Net |Net pur- 
chases | price | ehases | price 
chases price com- pee 
or sales | change | orsales | change 
orsales |change | bined | ftUre) 
| 
| | 
Trader} 
Date | No. | 
i 
i 
{ 
> eee eee eee 2 | Ce eenene 2) (es Sens ol Ree eee (ts ea SES ee COLES Rees meee ets be ee S| 
| | | 
1,000 bu.| Cents | 1,000 du. | Cents |1,000bu.| Cents |1,000bu.| Cents |1,000bu.| Cents 
Dla Ra ant ee ESV) os EO tN ae 
3 —800 | 
[ 
AS ies Sales erie 2 bear e “F1,400)|)) 1g. eee be eel +1,100 | 154 
aL 
Net__- 
Some explanation is needed regarding the preparation of Table 3. 
April 18, 1925 was chosen as a starting point because it was up to 
this point that the earlier report on ‘‘ Fluctuations in wheat futures” 
extended. In preparing the table only those net trades which aggre- 
gated 500,000 bushels or more by an individual within a single day 
were included. These net trades of the eight speculators were then 
entered according to amount, whether purchases or sales, the days 
on which they were made and the future in which they were made. 
