Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1892-04-14
TT WAS A BOLD MOVE.
Pardridge's Desperate Play to Break the
Market.

Market.
CHICAGO, ILL.,, April 9.-There was
grand exhibition of clear grit TO-DAY ON
the Board of Trade. Temporarily at
least, grit won. Through host OF orok-
ers, pandridge, the record-breaking
short seller, whose enemies were trying
to financially smash him, poured wheat
on the market in q deluge. The remark
able upward shoot eliminating last
NIGHT. every cent of which Is SAID 10
have cost him an even SlO0,ooo or
more, seemed but to stitten Pardrloee 8
logged determination to overthrow the
combination against him. The news
was decidedly in their favor. At Lon
don cargoes were quoted l shllilng
higher. Liverpool was firm and from 2
to I'd higher with a good demand.
American exports from DOM
coats for the week showed an increase
of 1888, So2 bushels against 1887 $50
for the preceding week. The weather
man recorded temperature OF 81 or
lower in Kansas, Missouri, Southern
Illinois, Indiana and Kentucky. AZ
Winnipeg the thermometer was only II
above. Notwithstanding all the advan,
tages of the bulls, Partridge managed
to check the market materially oeloW
the curb prices of last evening, 90
cents for May. May however,
was s of a cent higher than
the closing figures on the regular
board. Then Pardridge's magnificent
bluff began to get in its deadly work,
and. under tremendous offerings the
market was crushed down to 81 cents,
recovering to S4B and S44 cents. At this
both the crowd and Partridge seemed
DISPOSED to wait for some new feature.
The anti Paardridge element appeared
to think that the government crop
figures, when they were given out,
would help settle Pardridge's fate.
About II 80 the market suddenly squirt
ed to S4a cents. The cause was outside
buying orders and an experimental at
tempt by Partridge at buying back
little of the wheat sold at the opening.
The market was now very nervous and
responded with particular readiness to
bull news, one item OF which was ru-
NOR accompanied by denial that the
Missouri state crop report makes the
wheat condition 60 against former fig
ures of rs. News of kilograms of severe
freezing weather in Illinois and buying
by Schwartz-Dupee put May up to IS
cents at II A. NJ, amid much excite
ment. Corn, oats and provisions were
neglected. May corn opened of a
cent higher at 41s cents; declined to Al,
and reacted to All. Pork opened 5
cents higher at $10.35 for May, in SYM
patty with slight advance in hogs,
but afterward steadily declined to
5000.
A month ago Partridge Cleaned up"
ST 500, 900 on a decline. Since then, it
is said, coordination has been quietly
shaping matters for Pardridge's de-
struction in retaliation for huge losses
inflicted on them. John Cudahy, the
former partner of P. d. Armour, is ru
mored as the leader in this extraordin-
airy anti-Pardridge campaign. William
Linn is also said to be promi-
nent with Cudahy. The astonish-
ing statement is current that they
had Partridge in hole-short at
exceptionally low prices on possibly 49,
100000 bushels of wheat. The most
conservative estimate was 100000
bushels. For several days events have
with strange coincidence initiated
against Partridge 75-cent am bition, and
Yesterday the climax came, when wheat
went up and Partridge lost several
hundred thousand dollars. To-day he
endeavored to break the market by SELL
ing. What the result will be is hard to
datarmino