10 
BULLETIN 1479, U. S. DEPARTMENT OF AGRICULTURE 
few comparatively minor variations, aie net position curve of traders 
No. 1 and No. 2 combined is practically a duplicate of the position of 
the eight. Of the important movements in net position, trader No. 
1 was accountable for the increase from November 13 to December 15. 
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6.—The net position long or short of each of the eight largest speculators in the 1926 May wheat future, 
by days, Chicago Board of Trade 
Trader No. 2 then came into the market and was accountable for 
the additional increase to December 26, the decrease to January 21, 
the movement up to February 3, and down to February 13. On 
February 26 and March 1, trader No. 1 liquidated and was accounta- 
gory 
