Morning journal and courier., 1893-04-13
From All Quarters. HE BLAMBS HIS FRIENDS Plunger Partridge is Forced
 to the Wall. 1UkRAVEa WILL RAGE FOR THE CUP He Intends to See What the
 Yachts Can Do. ANOTHER LARGE BANK FAILURE. An English Concern Goes Under for Millions.
BUxRAVEa WILL RAGE FOR THE CUP
ANOTHER LARGE BANK FAILURE.
CLAIMS TO BE BETRAYED.

OAAA4iAS V 1sAn ID ID n Ak kA II hDs Edward Pardridge Failed in the Chicago Market and Says That His Friends Did Not Rally 10 His Supp port.
 CHICAGO. April 12.-The most widely known bear speoulator in the grain trade of the world tonight acknowledged him self beaten, if not ruined. Laboring un- der abnormal excitement after an extraor- dinary day on 'ohange, Edward Psrdridge talked wildly of his losses, and declared that he would yet overthrow the enemies who had pushed him to the wall.
 '1'm done up by my friends" said Pard- ridge, hysterically, "but I'll get back at them. don't know what have lost; but I have &, ,000, GOO worth of real estate, and I'll bring 1t all up to the front If neces- sary. My wife also has fortune, and she will back me up. I shall stay right here 1t has given me. But I'm done on this deal. We'll begin again. I tried to get money from my friends, and they refused it. I had no ready cash, and the game is up."
 "What do you think you have lost" was aske5.
 "I cannot estimate. do not know how much wheat have or anything about it. I don't know anything. was banking on information my friends gave me, and they deceived me and lost. That Is the whole story"
 The bull clique started out after Pard- him into @ corner. Last nights close was 863. The first sale this morning was at 90. In two minutes it slumped to S4
 In five minutes later the price ran to 88 cents. At noon it was fuctuating between S5 and ST cents. Nervousness was faint description of the state of the market. A call for It, ,0o0 bushels would send the market up to the roof. A trader might start in to buy at 86 and be satisfied to get the amount at cents advance, and see the price the next minute below his original offering. Pardridge was early on the scene, trading with checks, intended for margins. When the wealthy pork packer and speculator, John Cudahy, appeared on marks to him, and the two speculators were immediately surrounded by 6 crowd. Pardridge spoke earnestly to Cudahy, but all the satisfaction he received was:
 "I told you to buy wheat, Ed"
 With this Cudahy walked away. After the unusual auctuation May wheat closed at S64, within a quarter of yesterdays prices. The range of the day was about six cents. With Pardridge's defeat there seems to be nothing to prevent the success full consummation of the deal. The clique has made friends of dangerous enemies like Armour, Councilman and others of that stripe and by relieving may big con- oerns who control the northwestern trade from liability in the event of failure of their principals to meet losses 1t has stilled noisy opposition la influential quarters.
 Nobody is known in the deal except John and Michael Cudahy and "Ssndy" Eggleston, but few believe they are the prineipals. There is apparently no limit to the capital behind the deal.
 Pardridge's method uf dealing is now believed to be automatic to large degree. He sold mechanically on every rally and covered in on the breaks. By this plan he 'milked" the marked ten months out of twelve, heaping up large profits. It was only when he struck 6 phenomenal bull market that Pardridge's system was at fault. His sales on the rallies continued, but there were no breaks to let him out, SO he added steadily to his line, until he was short an amazing quantity. He seemed to have no sense of quantity, and would as readily sell million as thousand.