Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-04-12
the woaL 0 TURNS ron pAaoRlDoI'



CHICAGO. AprsI 1.-The world eecmed 20 turn
on its axis to-day for tho solo hcncdt OF ono
man, Edward Partridge, Of Chicago. News worth
TO him hundreds Of thcu1ands flashed In from
London, from Washington, even from far away
ports Of tho Black ses, and after day Of Wild ex
citoment on Change. the famous p.unzsrs In.
passive ~ stone, stood on the Moor OF the board
o. Trade receiving the frantic congratulations OF
his brokers, informing him that he was richer "
~ least half million densrs. ana tna. nr'''s II
wheat Sc on every basheL HIS enemies. who u
was said had formed sort OF combination q few
days ago 10 compass his rum, were themselves
made heavy losers ana pa, 70 utter Iou.. .s.,o,
was tho most exciting that has been witnessed IN
many day. Prom S5ikc. May vheat dropped
by big jumps 70 e0lxc, ana nnally closed AZ
sol<c. This Ia 2ssc below me e.ose sa' orrs
Pardridae makes &c. per busIel, II Is supposed.
out OF his ten million short ine, or what amounts
10 gain OF 100000. Over and above this II u
estimated that he nsttea eonsiaeranie os
the heaviest buyer aud seller ana APP
parently must have made pot OF money
Gut o. his scalping deals. During the hnal mo
ments the excitement was q, sucn ,,d p,, ali
control OF their feelings, shouted with ,r ,ns
brokers at every slump IN the market. Inc
bears went wild over their success, and me men
who had Il In for Partridge. or some OF tneh .,
least, Joined in what amounted to generai
ovation TO the bold operator. Everybody was
expecting at the opening to see shorts pushed
hard In consequence OF the depressing govern
rnent crop estimate sent gu, ron washington
after the close OF trading SATURDAY.
The FIRST disappointment TO the bulls was
the cabled course OF the foreign markets. Al
was regarded as the most natural thing IN inc
world that they should start on exciteu on OUT
poor crop outlook, and this was relied upon TO
start the ball here. But 10 the surprise OF every
body LIVERPOOL and London both opened lower
and with some evidences OF generalization. ~
was explained that this was due 10 hh iinpor.an.
failure In London, but the fact remained that
the English markets. were lowor, aud tho 90
nestle markets also soon showed hating
tendency, and added TO the hesitation here.
IL anybody bad been expecting faforidge 70
run In they we're quickly undeceiyed, for. on ths
contrary, his brokers we're among the most az
gressve sellers rfghi from :he start, ana Kept on
the selling side all day showing no fear even on
some OF the widest bulges. Tho New ork ana
ST. Louis operators soon came into line and sold
heavily while there was also large nuinoer Oh
local longs who seemed 10 despair oil gettins
much larger bulge and began TO realize.
Under this concentrated selling there Was
an Irregular break OF three cents on
the price OF May, and the feeling gradu-
ally became quite bearish. The price OF hay
wheat started strong ut SIC. bid, and with g lew
sales as high a. SAG. compared with SZ.sc
sellers nj the close Of the session on Saturday.
The quotation settled down 10 S:Hc, thon weDf
up with sorne excitement TO S5hc., then broke
irregularly 10 s2Ixc, and at IL O'Clock "as S294c
After the noon hour the market had another
spasm Of weakness and May went OIL 10 Sl1lc.,
reacted TO Sl34c., and at O'Clock was olhc.
There was additional weakness during tue last
fifteen minutes Of the session, and May wheat
fell to SOe5c-, or Whereabouts AT tue close.
The corn market was not active after the nrst
hour. There was good support, however. even
when wheat was demoralized. The opening was
strong with everything else on the floor. There
was an advance OF about he, putting May 20.
over the close saturday. The selling which loi-
lowed helped on by the elegator-men, together
with the break in wheat, simply put the price
back TO Saturdays figure. Oats advanced
carly with wheat and corn, but weak
ened later on with those breaks ana
closed about steady at Saturdays Dgures.
The market was fairly active throughout the
session. The shorts. led by Counseimnn, bought
fair quantities, while the selling was general.
1t was dull day In the provision pit. The nuc-
tustions were over a narrow range, and IN the
end prices were slightly lower for pork and no
higher for lard and ribs than at the end OF sat-
urday's session.
Cash quotations: Flour irregular and nominal
No spring wheat, S0Ikasl c.; No. red,
S5I%c. No. corn, 40lsc. No. 2 oats, 2914c.
Mess-pork, s1OasI0.02l6. Lard, s6.l7IsaS6.2O.
Short ribs, s5.57l1as5.60. Dry-salted shout
ders. s4.J0asj. short-clear. s6.17>9aso.3o'
re- 1s,.,,nx ,,rnraa r. m god an follows.