Courier Democrat. (Langdon, N.D.) 1891-1920, 1892-04-14
Out ofthe Hole.

vator when it burned some two weeks
ago.
Out ofthe Hole.
CHICAGO, April "a holder plunge
was probably never witnessed in the
Chicago wheat trade than that made by
Edward Partridge today. Last night,
with estimated short sales of 10000, 600
bushels chalked up against him, with
quotations shooting skyward and with
every jump in the price meaning per.
sonal loss of 100000. the odd
little speculator was believed about
ready to throw up his hands in
despair. Tonight all was changed.
Partridge was again the conquerer, A
regiment of brokers at his orders had
dashed into the pit at the very outset of
the day and fought his enemies to
stsndstill Before the day was ended
he pulled down the price over 3
cents bushel from the highest point
reached. The close was within ] of
cent of the lowest price of the day.
Partridge in person was on the floor
bright AID early. The galleries and
pits were crowed to suffocation in ex-
pectation of seeing the cyclone, when
losing his nerve, he should attempt to
buy instead of SELL Tue noted plunger
wac hastily rushing from one friend to
another and making his remarks
jetky and emphatic, but that was
all the emotion he displayed.
He wore dark natty frook coat and
light spring trousers and small black
derby, jauntily perohed on the back OF
his head gave him crisp business DIR.
His keen gray eyes were fully alive to
what was going on. Now and then his
friends would eagerly swarm around
him to ask how things were going. but
Partridge was too busy rushing from
pit to pit to talk with them long, and
would vouchsafe few hurried remarks
and tear himself away. He denied that
he had lost-could not lose
nickel, and declared: "When
I lose l lose for keeps.
But am not worrying about the loss
now. 1 am feeling all right" And
with that he again dove for the pit.
When approached at another opportun-
ity he emphat cally asserted that moth
ing would drive him to cover unless the
market went to 81 bushel.
The days trade was spasmodio and
on the whole not as heavy as yesterday.
At times the market was very excited,
at others quiet. Fluctuations were
rapid and violent and the feeling was
very unsettled The opening was the
widest witnessed for some time, and
the prices varied II cent within the
first few seconds in Off
ferent parts of the crowd,
sales being made at a@17 over the clos
ing figures of yesterday. Bull news
WAS plentiful, and but for Pardridge's
tactics would have had M arked effect, for
bear advlces were scarce indeed The
price did not appear to make any differ,
ence as all the spots seem d good selling
for him There was good deal of real
izlng On long wheat, but these otferiugs
with those by Paidridge were readily
absorbed and there were few weak spots
Gold weather was reported in the winter
wheat country and this helped to give
little boom. The bulk Of the sales ut
The opening were at S.! cents. The
market went off to "a cents on Paid
ridges selling, then up to IS cents T.
held for consider bile time at SAL cents,
then near noon it shot no to S5s cents.
But the demand fell off and the price
went to SAG cents, and at 1 o'clock was
about S4a4 cents against $40 cents yes.
terday. In the afternoon hour the
wheat market began to weaken. Shorts
seemed we'll covered. and the moment
buying came to malt the bears took
fresh courage and began to sell.
There seemed to be no one with courage
enough to extend any support and Par
bridge continued his smuggling tactics,
and when the break started the longs
began to unload and the pyramids tum
bled. May went off quickly to $3.50,
reacted some, and at 1 o'clock was S35c
l linen o, some operators became
estimate on the wheat condition
will be SO to IS cents or better. This
was followed by such selling as caused
many to believe that some houses had
inside information from Washington.
At any rate the Dodge puzzle was too
uncertain to hold wheat against and
general selling put the May price off to
825 cents bid at the close or u cents un-
der the close Of last night on the regu-
lar season which was Q cents under the
later curb prices.
Dakota's state Fair.
GRAND FORKS. N. D., April 8 -
Especial Telegram. AT meeting of
the state board of agriculture the date
for holding the state fair was fixed for
September 16 to 10. Subscriptions from