Show THE SPECULATOR GENERALLY DETERMINES 5 v THE PRICE PR OF- OF oI- oI t j r r III f I WHEAT WI I I Sp Speculators have been boen making profits in wheat recently Who pays for them Demand and supply fix the price of wheat from year to year yet in determining the price fluctuations for any anyone one year or l less ss the speculator speculator speculator spec spec- may be the controlling factor For three forty years from 1871 I to 1913 t future ture trading on the Chicago Chicago Chicago Chi Chi- cago board of ot trade reigned su su- su preme Averaging all the quotations quotations quotations quota quota- in lri each separate month to together together together to- to gether we e have one average year which represents the three forty-three years ears and that one tends to eliminate eliminate eliminate nate the year to year change caused by demand and supply That one average year shows a a. spread of ot about 10 cents a bushel from the highest to the lowest quotation The cost of ot carrying wheat for a year would be at least that much I I The consumer pays the cost of ot i distribution including the speculators speculator's speculators speculator's specula specula-I tors tor's profit yet a comparison of the tho periods mentioned indicates clearly that the professional speculator later lator actually lowers the cost of ot distribution even If It he does make a a. profit Copyright 1925 1025 Associated Ecu Edl- a Inc Ine j i |