New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-14

NAY RANGES BETWEEN sc AND So-A DAY OF
RUMoEs CONCERNING PRIVATE SETTLE
MENTs-PILLsBURY SAID TO HAVE
SETTLED FOR 100000 BUSHELS.
10y TELEGRAPH To TIE TRIDUSEl
Chicago, April I3.-The bull clique gave Pardrids'
and his fellow horts In the May wheat market
breathing spell today. Partridge says positively tha'
he Will settle, because the brneteiares would be
the engineers Of the deal Tho bulls however, are III
a position to daily with him.
There was "A rumor to-day that Armour had come TO
Pardridgss relief. Many laughed at this. saying that
Armour had all lie wanted 10 do to take Of HIM
SELF
lardrIcgc was as game usual, and IN expressing
his views Of the battle said " II IL pretty hard when
your friends go buck you when the men who you
know have plenty OF money will not come 10 your
support. | have got S2,COO,OOO invested In real
estate, and II pays me good income. Why don't
these fellows act decent In this matters
"NO, Ill not settle, nor have l. That would
mean that these fellows would Get the moncy-tlcsc
men WHO engineering the deal. No: III give the
outside fellows Il chance make the delivery and LET
them sweat a little themselves. hate rich people
and ! like poor people. Any one knows my reputa'
tion. My money Is rs free as the air.
Now there is the proper price for wheat" point
ing TO the New York quotation on Tie board. which
lowering around 49, THAT Is the proper price.
price, So cents; or, mind you, even 80 cents. am
fighting this thing singe-handcd bnt have got the
world back OF and against this forced market
Pm not going to quit. got the money without
going 10 my real estate. OF course, am not going
to tell where"
When asked II Armour had come to his assistance.
Mr. Partridge said IL am no, going to say anything
about that. Most OF my wheat Is marGncd up to al
or course, some OF 1t has been closed out like to
operate. 1 don't like to beat any one. but / don't
like to be beaten. 1t Is the tnmillaOr that hurts.
not the loss OF the money"
1t Is said Partridge did SOM tall husillng between
the close OF the Exchange yesterday and SHUTDOWN.
making private settlements with Eggcs,On and Others
for nearly 100000 bushels, and releasing large
amount OF money which he could use this morning
This additional cash enabled him 10 make good all
calls the open trades and this morning Ii" was In
good spirits. His trades ar" now marGincd allow"
Oj cents and he says that his VIII" returns
from California he will have another $l0OOOOo In
cash at his disposal. lie has telcgraphed for her
Those who best acquainted With the inside siiua-
ton say that Mrs. Partridge will put her sig
nature to a paper involving dollars worth Of the
So, 600 900 real estate standing In her name.
Tie superficial signs tonight are that the May
wheat deal has beef practically wound up hut these
signs are not to be- relied upon. The May price,
which touched 90 yesterday. opened AT 90 today,
dropped to so and closed at so "a. Everybody had
II that great deal OF short May had been privately
settled Yesterday last night. and this morning There
were good rca sons for believing that llsbury who
made a hurried trip here yesterday, settled alou'
/ 900 900 bushels There were other reasons LOT
believing that certain OF Partridge's commission
houses. unable to get any more money ont Oh HIM.
covered hi wheat ont Of the pit.
The drop In the May price Of 10 cents In ior'y-lsh
hour, was The best notice that something had nap
pen,d The market showed from the very Opening
the effect OF the rumOrs. Tie decline IN NAY H""
Sc 10 80 Was quick. At so there was nt'le sup
port and the May picc 20; almost Instantly back 10
So. The floor had The Iumor thu meeting oi III
,,restel people had been held before TIE op ming
II was mcr, day OF ruln0rs than OF action II 'h"r
was any considerable trade going was In The oicc
or on the floor outside pit Nobody paid any aien
lion 10 the routine news. AS on Wednesday. ever!
ono WAS chiefly anxious learn what Pardriige was
going to do so today had any lime eXcep' ior
the runors relating TO private settlement
The July and the other deferred deliveries here
and the outside markets were naturally affected hy
the erratlc conduct Of the May price and by th"
gossip relating TO the early abandonment OF The
MAY manipuatlon. July sold from 76 > Ia 80 81,
and closed at 80 cents The weather map was ns
brllIsh as ever but little consideration WAS gwen
IT, Kansas was without riln ana the "r''h'r
lurcau predicted that would SIN he dry ahd cod
| tomorrow. The Northwestern temperatures were IL
the twcnes precuding any idea OF any spring WORK
| cables were easier, and 50 w"r" ou'sid" markets.
The grain traders were affected to some extent by
the huge Australian bank failure Kec'lp's he'"
| were light only go and the Northwest han
only 90 cars against j2d the same day last year
scaboard exports were fur. almost 5oo,OoO bnshriS
| Including the flour
The pit trading did not come mp TO the 'Apec'a'oh'
| -, nroof il was thought. that the important opera
lions were direct rather than In the open market
| II was understood that a great deal III May anu
July whea, was being covered by lfiIdridg' L"hins'
. nrinciD,l ono OF PaIdridg"s commission concerns
They were refusing to put up further MARGINS anu
we're telling people do they pleased about cover
| ,ug tbcir short wheat. II was considered rather
significant that they gave orders IN some Instances
10 buy the wheat OF EsgcSton the leading bnl com
| mis4I0n house There wa tie Impression w" ,lc
| Cudahy Interest was making large purchases Of Jny'
| Al night ON the curb there was an uneasy feeling
craving ON, OF the uncertainty whether or not eiioue
hort wheat had been settled 10 result III th' ahal
hjhlf,d In IN. price Of May privilege, rus ~ one
| time sold "a low ~ cents: tallS fahseI oc
tween 81 and 81. July puts sold at ." l.. Calls al
| MAY corn sold between Al IA and 40 90 ana
cos, d nj 40 5s0 40 81 cents. The price sympa'Au
| With wheat II was reported tha; the straits Were
| omen and that the feet would sail on TUESDAY: ih"'
| orpcht 10 have affected the price but u din not.
| NAV oats sold between - 10 ana - ~ crhlS'
| and closed at ihc bottom price. TIL" receipts were
| 90 cars Provisions were made strong Dy '',' M
| nounccment Of western siocks. The figures showed
13s 600 O(O ponnds less meal, 100000 barrels les,
| pork and 100 900 t-rcrs less lard FORK anvnhr,n
5O cents a barrel lara IL 10 - cent. per 100 RIBS
Cents per 100 The clos" was nj little decline ron
| the best prices.