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Show PROFIT ON WHFAT Make 'Turns" on Grain Market Mar-ket by Changing From One Option to Another. FORCED SPECULATION July Wheat Shoots Up Seven Cents and September Thir-i Thir-i teen and Three-fourths. CHICAGO, April 20. The allied governments, gov-ernments, dealing through Chicago brokers, are credited today with having hav-ing made a profit of more than $3,500,-000 $3,500,-000 In the last two months in "turns" on tho grain market, by changing from ono option to the other. This profit, It is said, was mado by selling a line of July wheat and buying buy-ing the September option at a price approximately thirty cents below tho July option. The allies, It Is said, for a year have simply had speculative profits forced on them. They had no desire to speculate, spec-ulate, but bought for future delivery with the desire to obtain actual wheat. Car shortages, embargoes and the inadequacy in-adequacy of ocean shipping prevented deliveries at specified times, and the contracts were Bold out at profits running run-ning well into the millions. At the opening of the market today July wheat shot up seven cents to $2.11 and September 13 3-4 cents to $1.89. on |