New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-13
PARDRLDGE IN DIFFICULTY.
THE NOTED CHICAGO BOARD OF TRADE
OPERATOR SHORT OF READY CASH.
AFTER HEAVY LOSSES. HE CoNFEssEs HIS IN
SAYS HE HAS So 100000 WORTH OF
REAL ESTATE-HIs CAREER
rBY TELEGRAPH TO THE TKIBUNE.i

REAL ESTATE-BlS CAktEit-
TRY TELEGRAPH TO THE TKIBUNE.i
Chicago Aug. 12.-Wheat advanced cents to-day.
Pardrdee, the phenomenal shortseler OF the world
threv mn his hands and went ont of the market. He
is sunposed 10 have milOn so in real estate but
bouscs and lots are Of no account in the clearing
Uouse so far as the position Of the market was con-
cerned he might Just as well have been bankrupt
Millions of wheat to-day were bought in Tor his ac
count when he confessed his inability to put up more
margin. - , A :.
Partridge was short considerable corn, and when u
,ros found that his wheat brokers were buying him IN
the corn brokers did the Same thing. IL Is DeheVcu
that Partridge lost 100000 yesterday.
NJ pordridre said that he had been heavily shoft'
d thai calls had been made so perslstenty !uSV az
Tho close Of the day that he ran out OF reuy os D'
o he came out 100000 short, he still iet IN con
dition 70 meet any demand that couiu oe ''lo y"
The losses, he added, come ou' u P'
wheat was going down. a., -, .o,,,c
=, y peom attempted to stem the TIDE by eelnns
short on every dip of the market, but "neh '"o uos
,vas over ne gave up the battle ana Dough. " " 49,.
, r>ominent broker said that all the heaN! ouS ~
gre.tIv short in wheat. The unpreceuehVou IOi0.e
loud had something TO do with the rise, ana ho' Il
few brokers' say the Farmers |>i"'
something to do with it. -. p,
TA,.a,S W pardridge whose dealings on the Bosu
., T,,ode have been watched with 50 much inui' 1
during the last two days, Is natVe Oh Ooni0O -,
"a hos for wears been a successful business man III
ri itr A number Of years ago he, WIN othcrs'
tarod retail drygoods store in Statest' "ihch siv"
Iii within ton wears il reached vast proportions -n
p.idce,s rcputation In the drygoods trade was 'h'
n q hnster,n and his store mas Always poon '"'
Of the most successful in the Guy -.
bou+ five wears ago Mr.. Partridge began III "io
,onooge of the brokers' 10 take flyers" on tne bodu
% Ia In these he was less successful thaii
h nd 1aen in other lines OF business, and the ury
roods mon soon became widely known as "piunser'
since then although he retains control OF MS ulS
Goods business and keeps close watch OF H. Mr'
pardri.ge has devoted of his time to his deasS
on IN, Board. His success Is sad oy VNo9o
who lnM him best TO have been almost pheholio""'
nA IL ,s asserted that he has made large
sums Ie has been concerned In nearly, If not all
tho largo deals on the Board, and some OF the DrOAers
.av that his winnings must have represented over
$40 600 wear since he began trading In futures.
sirco u p Wutchin.On better known as "Old Hutch
le the civ Mr. Partridge has been probably the most
conspcnous 1cure on the Board and his moves have
been of ereit interest For several mohths' WIN
Norman r Ream and Others he has been pro
nounced bear In wheat, and ms persistent tiiSa"1 ~.
this theory resulted in the heavy losses OF inc lds'
| two da,s MIR Pardridge himself expresses no con
carn 10 asserts that he has S2, ,OOOOOO worth OF u
| encountered urouelty His friends say thhl III du-
dition % this piOperty his wife has nearly as nucn
more, eeded to her by Partridge from u'e W tiuio
since lie began operations on the Ioo"i@ m donyer M
| 1t + believed tonight that there Is no dMiser W
Mr. hrdidge being seriously inc0nvenehccd Dy Ile
preset losses His friends say that inc later arc o
| suchas 10 hamper him.