Business: Jumping Bean

One of the few markets where a speculator can still make a killing with a small capital outlay is soybean futures—and last week even amateurs were cleaning up. An electrician walked into Bache & Co.'s Chicago office, peeled off $5,700 in $100 bills, and bought a futures contract for 40,000 bushels of soybeans by putting up only 10% of the purchase price. He sold out less than one hour later with a $1,200 profit. A Chicago real estate man invested $4,800, quit within 2½ hours while he was $1,200 ahead. A professional soybean trader made $150,000 in 19 trading days.

Never had...

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