Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-04-10
PARTRIDGE WINNER.
HIS ENEMIES PLuckILY FOUGHT TO
A STAND-STill.
He Pulls Down the Price Of wheat Over
Three Cents "a Bushei-Chicage's
Sensation.
fBy telegraph 70 the Dispatch

u tu9 Odu AibtAO 'PNNNsNNN-
believed to be about ready to throw up his
hands in despair.
Tonight all was changed. Partridge
was again conqueror. A regiment OF
brokers at his orders had dashed into the
Dit at the very outset of the day and |
fought bis enemies to a standstill. Before |
the day ended he pulled down the price
over 8 cents a bushel from the highest
point reached. The close was within sc.
Of the lowest price Of the day.
Partridge IN person was on the moor
bright and early. The galleries and pits
were crowded to suffocation in expecta-
ton of seeing a cyclone, when. losing ms
nerve. he should attempt TO buy instead Oh
sell.
THE PLuSoER cHIrPER AND sPRY.
The noted plunger was earnestly rush.
ing from one friend to another. and
making remarks jerky and emphatic, ont
that was all the emotion he displayed;
He wore a dark. natty frock coat and
light spring trousers and small black
derby hat, jauntily perched on the back OF
his head, gave him crisp business AIR.
His keen gray eyes were now fully alive TO
what was going on. Now and then bis
friends would eagerly swarm around HIM
to ask how things were going, but Pard-
ridge was too busy rushing from pit TO PIT
TO talk with them long. and would youch-
safe only q few hurried words ana then
tear himself away. He denied that he
had lost or would lose a nickel. and de-
clared: when lose lose for keeps. but
| am not worrying about loss Just now.
When approached at another opportunity
he emphatlcally asserted that nothing
would drive him 20 cover unless the mar
ket went to dollar bushel.
TEE MARKET EXCITED.
The days trade was spasmodio aud on
the whole not as heavy as yesterday. Az
times the market was very much excited,
at others quiet. The fluctuations were
rapid and violent and the feeling was very
unsettled. The opening was the widest wit
messed for some time, and prices varied
l1Sc. within the first few seconds IN dlf-
terent parts of the crowd, sales beng
made at 14allac over the closing, figures
of Yesterday. Bull news was plentiful,
and but for Pardrldges bold tactics would
have had marked effect, for bear advices
were very scarce indeed. Gables were de-
cidedly firm, Liverpool quoted at lal54d;
higher, and London 9al0d. higher. All
domestic markets were also on the ram
page and made big squirt at the
start, and most of them held well 70
the advance. st. Louis was possible
exception, as. while starting higher, II
finally went off on Nav 70 &c. below last
nights close. The trade then seemed To
be drifting more into July. and the bad
crop reports were having a good deal OF
influence. as while May was lower July
was decidedly higher. A telegram from
Kansas City gave the information that tue
State Agricultural Department OF Missouri
put the condition of the crop in that state
at &c. a heavy decrease from the outlook IN
December last. ST. LOUIS, however, re-
ported that up to IL o'clock nothing had
been heard of the report there except IN DIS
patches from Chicago. Wholly aside from
Partridge this and other news OF like
character kept the market nervous ana
excited. A story was started that Worst,
who has travelled extensively over the
winter-whegt country, estimated the ave,
rage condition at II. Werst himself denied
this, but Intellectually.
PARTRIDGE SELLS IScEssANTLY
Partridge meanwhile, far from showing
any evidence of weakening, was BUSTING
about denouncing the scare as idiotic, and
had his brokers selling necessarily. The
price did not appear 10 make any dlher-
ence, and from his actions one would think
he deemed that 1t did not seem To make
much difference, as all spots seemed good
selling spots for him. There was good
deal OF realizing on long wheat, but these
offerings, with those by Partridge, were
readily absorbed, and there were few weak
spots. Cold weather was reported III the
wlnter-wheat country, and this helped to
give the market quite little boom.
The bulk of the sales at the opening
were at s5sfc. The market went off 10 SIC.
on PardrIdge's selling. then rose TO S5c.,
held for a considerable time at Sac, and
then, near noon, shot up to S594c. But tue
demand fell OF and the price went up to
s431c, and at II o'clock was about sl54c.,
against s43sc. at the close yesterday.
The MARKET wEAKEss.
After the noon hour tho wheat market
began 10 weaken. The shorts seemed TO
be we'll covered, and the moment the buy
ing came to a halt the bears took fresh
courage and began to sell. There seemed
TO be no one with courage enough TO ex-
tend any support, and Partridge con-
tinued his smuggling tactics, so that when
the break started the longs began 10 I'M
load and the pyramids tumbled.
May went off quickly to s3S4c., reacted
some, and at 1 o'clock was 1875. Then
some operators became very bold, de-
claring that the department estimate on
the wheat condition will beS3 TO 50 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 department puzzle was too
uncertain 10 hold wheat against. and gen.
eral selling put the May price of TO 81 sc.
bid at the cleSe. or 114c. under the close
last night on the regular session, which
was &c. under the later curb prices. IL was
reported that George haines, VINO traded
in small way, had failed.
CORN, OATS, AND PROVISIONS.
The corn market was not sympathizing
to any great extent with the advance m
wheat at the opening, but was IN full ac-
cord with IL on the decline. The highest
price of the day was only sc. above the
closing price of tho day before, and IL
resting price to-day was at decline OF
lie. May opened at AGE, touched 4l54c;.
sold off 10 40Sc., and closed at vac. bld.
There was both realizing Of long corn and
selling short. Partridge was free seller ol
July. and Cudahy of MAY.
Oats were active and shot up TO S0Hc
for Nav on a rush Of shorts TO cover, but
the close-at 294c.-was sc. under last
nights closing. The provision trade wa
| dull and the market heavy. The outside
| interest, which yesterday was giving signs
| of reawakening. was again consplcuousiy
absent, and lacking that the crowd u
| bearlsh. Pork made its best price at the
| opening and had only recovered from "a
| 10 sc. from Its lowest point AT the ciose'
Lard and ribs were equally as weak as
pork. Pork since yesterday IS from IN "a
Toe. lower ribs are of &C.. and lard about
| the same as ribs.
Casn quotations: Flour frmer, millers asking
| IOa3Oc. advance over the low prices Of th'
week No. 2 spring wheat, s2Jsc.; No. rod
| $50. No 2 corn, 4OI6c. No. 2 oats. 2014a29lsc
| Ness-pork, slO.l0as10.12 Lard, s0.I7x'
$500. short ribs, s5.57lsas5.0O. Dry-salte'
| shoulders. s4.50as5. Short-clear sb.I71s
| $500. Whi key, s1.l3.
The leading IuIares ranged as follows:
| WHEAT. Opening Highest CiosfB0
| April. ......... S456aS54 SO ~
Nay... SA56aS0 81 81
July........... SJ4aS5Is 80 So
| CORN. - 90. .o
April...."...... as ~ ,o, ~
| May............ 141s ft14 aV1saf"1
| OATS. -. 49, ON,
| GAy...sss.''' -sssh f.-.-s .,r.S ma
| June. ~oI8 ~"4 o|
NEss-PoRk.
| May. piV'oo oiV'S' sA' ~
NJ 625 627N $50