The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-04-12
GREAT DAY FOR PARTRIDGE.
THE BIG BEAR MAKES $500, 900 IN THE
DEOP IN UIiEIE
He Pockets ~ Nickel n Bushel ITS Short
Line OF 10. 900. 900 Bushels, ind Has the
Bulls on the Run-An Exciting Day In Chi.
caeo whent-Rcnr News from Europe.

He Pockets n Nickel Bushei on IT'S short
Line OF 10. 10000 Bushels, and Has tho
Bulls on the Run-An Exciting Day In Chi
eseo whent-Rcnr News from Europe.
CHICAGO. April 11.-Pardridge is again on
top. By freak OF the trade he made $500 900
on the Board OF Trade day. and at the close
had the crowd on the run. The famous
plunger caught the brokers who were out for
his bear ecalp. and during the last hours OF the
will not soon be forgotten.
The scene on the floor during the latter mart
OF the session was the most exciting that has
been witnessed in many q day. There was
break OF five cents in the market. From 49,
cents May wheat dropped to COX. and finally
closed at that figure. This is 2,i cents below
the close on Saturday night From the highest
point to the lowest figure Pardridge makes five
cents per bushel on his 1O.OOO.OOO short line,
or what amounts to a gain Of S50O.OOO Over
and above this. he netted considerably Oh
trades on tho fluctuations. lilo was the
heaviest buyer and seller, and must have
made pot Of money out OF his scalping deals.
The greatest excitement prevailed. even tho
spectators In the galleries losing all control Of
their feelings and shouting with the brokers
at every slump in the market. Tho bears went
wild over their success. and the men who had
1t In for Pardridge congratulated him. Every
thing was in favor Of the plunger-the only
short man on the floor First came the de-
pressing cables from Liverpool. then the Lon
don failure. Next cnme the announcement
that the visible supply Of wheat had increased
by 141 900 bushels. and last. but not by any
means least q cablegram from Europe saying
that tho Black Sea ports had been opened. and
that the Russian prohibition on exports Of
wheat is about to be removed.
All these conditions were bearish in the ex-
tremc and thore was absolutely no bull argu-
ment in to-day's operations. Partridge is not
known to have covered any part Of his enor-
nous short line. although he has had oppor-
tunities on the curb. He has the nerve neces-
sary to make the deal and refuses to back
water.
That Pnrdridge is now regarded as the con-
trolling influence in the market Is shown by
the fact that commission houses received In
structions this morning. from Maine to Cali
fornia to buy wheat II the big plunger should
begin to cover. and to keep out II his bear tao
tics went on unchanged.
Flagler OF the Standard OIL Trust. P. D. Ar
mour. and S. A. Kent are believed to be the
leaders OF the bull clique that has so far met
with such poor success in trying to down the
rlunger.
Wheat on the Produce Exchange had q sad
tumble yesterday. Tho Government report
announcing an increase In the visible supply
induced free selling by foreign speculstors.
and this movement was enhanced by the re-
rGTted failure In h2ndon Of arEe
changed hands. and May. which closed on Sat-
urday at 35ta cents. closed yesterday at Ok
cents; July. the next active month. which
day ut 9Ot cents.