St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-12

stood OH the floor of the board OF tra1e
receiving the frantic congratulations OF
his brokers, informing him that he was
richer by at least half million dollars,
and that acting for him they had pound
ed down the price OF wheat five cents
on every bushel. His enemies, who, IL
was said, had formed sort OF combina-
ton few days ago to compass his ruin,
were themselves made heavy losers aud
put 10 utter rout.
The galleries OF the trading hall
throughout the day were damned with
sght-seers. including many ladies. nl
eager to pick out OF the jostling, yelling
crowd below the nan whose eXtraOr-
binary gamble was causing all the tHr-
m0il. Pardridge's manner was muetI
calmer than Saturday, and 10 WAS evil
dent. judging from the expression OF
those keen gray eyes, that ms plans
were more settled and better formu-
lated The same faultless attire char
acterized him today. the same diamond
studs fasded from his sDotless shirt
front. and he carefully brushed the dust
of Saturday from his hat ana looked
spick and span. over and above his
Profit OF SjOO,OOO,
It Is estimated that he netted eonsidera-
BILE on trades on the fla citations.
lie was the heaviest buyer and seller.
and apparently must have made q pot
of money out OF mis- scalping deals.
during the final moments the excite
ment was ut such pitch that the spec
tatOrs I'm the galleries. losing all control
! of their feelings. shouted with the brOk-
ers at every slump in the market. The
bears went wild over their success. and
| the men who had il ia for Pardrldge,"
some OF them at least, joined in what
amounted 10 general ovation 10 the
! bold operator.
1T anybody had been expecting Par
| bridge 10 run IN, they were quickly un-
deceived. for, on the contrary, his brOk-
ers were among the most aggressive
sellers right from the start, and kept on
the selling side all day, showing no fear
even on some OF the Widest bulgcs.
New York and 81. Louis operators came
into line aud sold heavily, while there
was also a large amount OF local longs
who seemed 10 despair Of getting
much larger bulge, and began 10 realize.
Under this concentrated selling there
was an irregular breal, Of three cents in
the price Of May, and the feeling grad
ually became quite bearlsh.
The disappointment In the visible
supply proved also weakening factor;
early, it WAS thought, there would be q
decrease OF 10000 bushels, bat when
the figures were complete it really
showed decrease OF 14l,O00 bushels.
This completely
Unneryed the Bulls
and there was quick collapse. Par
bridge personally was not present at the
critical time OF the opening, and took
no part in the first hours trading. 1t
was said he was waiting for the others
to experiment with the nervous liuctua-
tons, and while his opponents battled
in the pit he sat in his Office reading
quotations. Whether he kept himself
secluded while in apprehension that his
Waterloo was at last at hand is Ques-
ton. During the remainder of the day.
however, and particularly at the close,
he was continuously in view, life size.
The scene during the latter part OF
the session was the most exciting that
has been witnessed in many a day.
From Sj18 cents May wheat dropped in
big jumps TO SOj4, and finally closed at B
S04. This is 255 cents below the close
Saturday night. From the high point
to the low figure Partridge makes five
cents per bushel, IL Is supposed. on his
10000. 600 short line, or what amounts TO
a gain of 100000.
"How do you feel. Mr.. Pardridge?''
asked a reporter OF that gentleman
after the pandemonium, at the wiDd-up.
'.LoYely-lOYely." was the laughing
answer, accompanied by q merry tw,a-
kle of the eye, but that was all thar
could be gotten out or him,