The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1892-04-16
PlUCKED By PARTRIDGE.

The Boss Bear of tho Chicago Pit Meets
the Combined Efforts Of the Bulls to
Gore Him and scores q Notable Victory,
Rounding Up . Clean 100000 on His
..Short Line Besides Enormous Scalp
Ing Profits-A Most Exciting Day.
CHICAGO. April 12.-The scene on the
board of trade during the latter part OF
the session yesterday afternoon was the
most exciting that has been witnessed
in many a day. The galleries we're
crowded with spectators. who had
chosen a good day for witnessing the
operations in the pit. Many ladies were
among the spectators and an intense in
terest was manifested in the hubub and
confusion on the floor.
For five minutes after the first bid
there was an intense excitement and
the market went wild. Then It took
down turn and struck S3%z cents. In a
short time it was up again and sold at
SIS. cents but in a moment dropped to
the starting point again. During the
first two hours the fluctuations were
along this line. During the last hour
there was break of cents in the mar
ket. From $50 cents May wheat
dropped by big jump to sOlz and I'm
ally closed at s0t4. This is 2a- cents
below the close Saturday night
The break yesterday is another tri-
umph for Ed Pardridge, whose bold
speculation of late has established his
reputation as worthy successor to
Old Hutch" From the high point to
the low figureParlridge makes five cents
per bushel on his 10000, 900 short line.
or what amounts to gain of 100000.
Over and above this he netted consider
bic on trades on the fluctuations lie
was the heaviest buyer and seller. and
must have made a pot of money out OF
his scalping deals Thegreatest excite
ment prevailed, even the spectators in
the galleries losing all control of their
feelings and shouting with the brokers
at every slump in the market. The
bears went wild over their successes,
for everything went their way.
First came the depressing cables from
Liverpool. then the London failure.
Next came the announcement that the
visible supply of wheat had increased
by 14l 200 bushels, and last. but not by
any means least. a cablegram from
Europe stating that the Black sea ports
had been opened and that the Russian
prohibition on exports of wheat is about
| to he removed
Pardridge is not known To have COW
cred any part of his enormous short
line of some 10, ,OOO. 600 bushels of wheat
although he has had opportunities on
the curb. He scalped the bearish side
| of the market all day and his profits on
thSse operations must be enormous.
When wheat was at II cents Pardridge
disposed of 100000 bushels or more
and half an hour later the price was
sais Had he chosen to close the deal
then he would have made about $50, 900
on the trade
The action yesterday was especially y
surprising. because there was Thought
to be quite a formidable bull combine
organized to run Pardridge in and
everybody had expected to see shorts
pushed hard yesterday morning because
of the depressing government crop re-
port given out Saturday after the close.
When the hell sounded yesterday after
noon with wheat jumping between
SOL, and 81 cents the bullish side of the
pit. which expected to boost prices To
sti cents were thoroughly dismayed-