St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-11
ROUTED HIS ENEMIES.
Boldest Plunge in the History
Of Speculation Made at
Chicago.
Nervy Little Edward Papd-
ridge Shows Clear Grit in
a Pinch.
Through Brokers He Fights
All His Opponents to a
Standstill,
Closing the Day a Conquerer,
With the Price Of Wheat
Forced Down.

UIbUhBlE ithfI HlblifNn'A ~ F''H
wheat trade Than that made by Edward
Partridge Last night, with estimated snort
sales Of 1000. go bushels chalked up against
him. with the quotations shooting skyward'
ana with every jump in the prize meaning
pcrsonal loss Of 10000. the odd little spec
ulntor was believed 10 be about ready 10
throw up his hands Ia despair
Tonight all was changed. Partridge was
again a conqueror regiment Of brokers
At his orders had dashed INTO the III al the
very outset Of the day and fought his enemies
10 n etandsuII. Before the day ended he
pulled down the price over &c a bushel from
me highest point reached. The close was
wiihln lsc Of The lowest price Of the day.
Partridge in person was on the floor bright
md carly. The galleries and pits were crowd
ed 10 sufIocation in expectation Of secing a
cyclone. when. losing his nerve he should
altempt 10 buy instead Of sell. The noted
plunger was hastily rushing from one Trend
TO another aud making his remarks JerKy ana
emphatic, but that was all The emouoh ne
displayed. He wore dark. nntly iTock coat
light spring trousers. and n small black DERBY
launuiy perched on the back Of bis head
gave him crisp business ar;
His Keen gTny eyes were fully alive 10 Whnt
was going on. Now nnd then MS itiends
would eagerly swarm around MIN 10 ask now
busy rushing from pit to pit to talk with them
long and would yOucheafc few hurried re-
marks ana tear himself AWAY. lie denied
that he had lost. or would lose. cent ana
declared. when lose. lose for keeps, but
am not worrying about loss just now.
am feeling all right and with that he again
dove for the pit When approached at an
other opportunity he emphalically asserted
that nothing would drive him 10 cover I'M
less The market went 10 81 bushel.
The days trade was spasmodlc, and on the
whole not as heavy as yesterday. Al times
the market was very excited, at Others quiet.
Fluctuations were rapid aud violent, and the
feeling WIS very unsettled. The opening
was the widest witnessed for some time. ana
prices varied 1lsc within the first few sec
Onds In different parts Of the crowd, sales be-
ing nnde at l2Mll2c over the closing figures
Df yesterday. Bull news was plentiful, md
but for Pnrdrdgc's bold tactics would have
had marked effect. for bear adyiccs were
scarce indeed. Cables were decidedly firm,
Liverpool being quoted 1DiI2d higher and
London lGDl0d higher; all domestic markets
were also on the rampage and made big
squirt at the start, and most Of them held
well 10 the advance. ST. Louis was pos
5ible exception, as while starting higher, II
finally went oil on May TO l2c below last
nights close The trade then seemed 10 be
drifting more into July, and the bad crop re-
ports were having Il good deal Of influence,
as while May was lower July was decidedly
higher.
A telegram from Kansas City gave the in
formation that the state agricultural depart
menL of Missouri put the condition OF the
crop i'm that state AT G9C, u heavy decrease from
the outlook last December. 81 Louis, however.
reported that up to II o'clock nothing had
been heard OF the report there except
IN the dispatches from Chicago. Wholly
aside from Partridge, this ana other news OF
ike character kept the market nervous aud
excited. A story was started that Wersi who
has Travelled extensively over the winter
wheat country. estimated the average condi-
ton at lie. Welst himself denied this, but
Intellectually.
Partridge meanwhile. far from showing
evidences OF weakening was busting about
dcnOuncing the scare as idiOtic, and had his
brokers selling necessarily. The price ala
not appear To make any difference and 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 re-
ported in the winter wheat country, and this
helped TO give the market quite little
boom.
The bulk Of the sales at the opening were
Rt S5hc. The market went OFF 10 Me on Pard-
ridges selling, then up to S5c. Held for
considerable time al Sis4c, then near noon
shot up TO S59Ic. But the demand fell off and
the price went down to S4sSc. and at II
O'Clock was about S4sic against S4ssc at the
close yesterday. After the noon hour the
wheat market began 10 weaken. The shorts
seemed TO be well covered and the moment
the buying came to n halt the bears took
fresh courage and began TO SELL
There seemed to be no one with courage
enough to extend any support md Pard-
ridge continued his slugging tactics and
when the break started longs. began to I'M
May went off quickly to s3a4c,
reacted some and at l o'clock was
b37sc. Then some operators became very
bold, declaring that the Dodge estimate on
cheat condition Will be S3QIS5e better. This
was followed by such selling as caused many
20 believe that some houses had inside infor-
nation from Washington. Al any rate, the
Dodge puzzle was too uncertain to hold
wheat against, ana general selling put the
May price off 10 S27sc bid at the close, or ll2c
under the close last night on the regular SEES
sion, which was &c under the later curb
prices.
IT was reported that George Haines who
traded in small way, had failed. The bears
remarked that the pulls went cunning for
Partridge and caught llaines. A Partridge
broker retorted that this was better than they
usually did, as they have been cunning for
Pardridge and caught the deuce
The corn market was not sympathiZing to
any great extent with the advance in wheat
at the opening, but was i'll full accord with il
on the decline. The highest price OF the day
day before, and its resting price today was
at decline of 1lSc; May opened ut SIC and
touched 4lsSc sold off 10 40Ssc and closed at
40l2c bid. There was both realizing of long
corn and selling short. Partridge was a free
seller Of July and Cudahy of May
Oats were active, and shot up to Boise for
May on n rush of shorts to cover, but the
close. 2HAc, was lSc under last nights closing.
The provision trade was dull and the
market heavy. Outside interest which yes
terday was giving some signs of reawaken
ing, was again conspicuously absent and
showedIthat the crowd is bearish. Pork mad
its best price ut the opening, and had only
recovered from 2l2c TO sc from its lowest
point at the close. Lard and ribs were equally
as weak as pork. Pork, since yesterday, is
from 1l2c to Ice lower; ribs are Off sc, and
lard about the same as ribs.
The estimated receipts for Monday are
GO cars Of wheat. 200 cars of corn, 13j cars of
oats and $4,000 hogs.
The leading futures ranged as follows:
-