The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-04-19

CHICAGO, April 1.-THE bull clique in
the wheat marke. we're after big game to-
day, and they bagged some of it. The
famous plunGer, Edward Partridge.
seemed to DO the person aimed at and he
was crowded Numerically. Partridge
was found too slow 10 respond TO calls for
margins, which brokers with whom he
had deals showered upon him. and forth
with the brokers bought il q lot OF Par
bridges wheat in the pit. The scene in
the pit was very wild, while the brokers
were buying in the big plungere wheat.
Meanwhile Partridge was not idle.
John Cudahy is the ostensible head OF
the ball clique. Partridge sent an en-
bassador to him to his Office suing for
terms. lie was accorded settlement on
from 100000 TO 100000 bushels OF May
wheat, 1t is said. az 81 cents per bushe,
which settlement it is thought leaves
PardriGge poorer man by about $4,000
than he was before.
The Excitement Great.
The excitement attending a big jump Of
4 cents per bushel in The market was in-
tense Nobody had any Nav wheat for
sale excepting The clique. The crowd was
gensraiiy out OF it and were determined
70 keep out. They were afraid of the
stud. thev said. They confined their at
ten,ion TO July wheat and sawed the mar
ct + q that delivery up and down about
! ! cents per bushel. As soon as Partridge
had made the private settlement the
maRipulGtOrs iet the prices drop cents.
But Partridge i rot out OF the woods vet.
lie il und-rsto1d 10 be sill short OF
enough to Jose lin another Sl,G0e0G0.
Iiesidas his Losses today he sold out $3.50
shares o: West Chicago street railway
stock TO help him pay today's losses. lie
wss ir extremely bad Eunlor end tod the
newspaper Tep0riers who besleged him TO
mind their own business. HecoCld not
attend 10 his no saii.
Faftridgs was Ratified.
For once Is IS said that Partridge was a
very much ratified individual. lie was
led from his house this morning by lis
two sons, and one or the other OF the boys
w&s at his elbow every minute OF the ex-
citing scenes OF the session. His condi-
tioa was aach that HE friends kept him oil
nl the floor Of the exchange. but the tnan-
clal exigeEces OF the occas. on made fire.
qusnt visits 20 tho banks IL the vicinity
81 the board of trade necessary. and his
frequent DrilETiuages were watched by
the curious crowd of men and boys. One
OF the traders who is reported to have
most TemOTselessy called margins on
Partridge was Dir. I. J. Rysn. the packer.
RYAN was in the gap for $500 D bu-he :,
and ~ he had reason 10 expect con-
sideFatiOn az lha hands of tine Cudahy's,
he lOoz Advantage OF his principals Pard-
ridce's PIOw response 20 q margia cal. TO
clCee hin out. thus escaping further risk
81 loss, and e 80 The chances OF getting
into the c.u;caes OF mon vito hGd Il in for
him Ca account OF a legal sight com
nlenced BY aim to escape responsibility of
loo. 09aIcUnd rib deal. since rard-
ridge x0t ms full line cut, the market has
advanced lie bushel. lie mas niOst OF
his trade Uafgined up 10 glM93c, and was
today putting forth tremendous efforts 10
get intO possession TO further protect his
interests.
Tho Clique of CudGhys.
In This connection the report became
current this afternoon bearing on the in
tentiOns OF the clique aud illustrating the
cest-iron grip il seemingly has on the si;u-
etion. IL is 10 the effect that the CudahYs
have been making arrangem ents with
ABstilIA-14ltA anu tltNNAit A0ilEV illcH nav
ing the bulk of the northwestern trade TO
ta5e tEe trades on taeir books direct and
let them oft Of the gap. That is TO say
s. tie northwestern priEc ipRs who have
wheat sold to the clique do not make good
the full differences the commission firm
through which they co their trading will
not ~ held for tho logs. The policy is
said 10 have been suggested BY Michael
CudGhy, the maRipuiatiye brain of the
A. A 4 H.. r "a Il A
&c convert a very powerful element on the
board o. trade from state of oppos ton
which might be fatal 20 the success OF any
corner into condition Of cain indiifer-
ence. There has been no kicking from
northwestern commission houses lately.
whereas n week ago the air was charged
With protests from tbGt quarter against
the ruinous policy and the wickodness of
running corners. Then the com mission
men stood good for the trndes OF the men
who had wheat sold 10 the clique. Now
their only interest, it is represented, is to
call for margins. II the margin comes
we'll and good. Ii they don't come. the
clique takes whas it can get and calls the
trade square.
Armour Now n "BuII."
II is also stated that p. d. Armour has
no longer any interest in fighting the
clique. and that be has been on the bull
eide since Nay wheat left 7Sc instead oil
being short 100000 bushels, as many
have supposed. lie has quit issuing be.
Iigerent manifestoes. and today surprised
the trade bv publishing a bullish report
from bis expert This. it 10 asserted,
simplifes the situation immensely and
leaves the bull clique long directly against
20,O00,000 bushels sold for northwestern
account, and also against Partridge and
the other bears who have oysrs;ayed their
market and find themselves caught like
rats IN a trap. apparently powerless 10
escape and unable to make anything OF n
fight. Just at the close the market wac
jsfked up again and the final figures. COM
pared with last nights. showed an advance
OF &c.