New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-12
PARDKIDGE HARD HIT.
HIS LOSSES FOR TIE DAY on MAY WHEAT
SAID TO BE OVER S'10,0oo.
TIE BIG CHICAGO SHORT SETTLES PEIVATELY
WITH CUDAHY TOR OVER 100000
BUSHELS AND Buys 500 600 MORE
THROUGH BROKERS'
lBY TELEGRAPH TO THE TRIBUSE.1

lBi TELEGRAPH TO THE lkiBtNf'I
Chicago. april 1.-THE lull clique In III" wheat
market were having fun to-day with the May shorts.
The feature in the May was covering ly Partridge
moderate covering. through different concerns. on
a market which was exceedingly difficult TO huy on.
Pardrdg" apparently "rattlcd" and II WAS said
that he was adopting the same lactlcN pursued lv
him year ago. such concerns as called on MN
for additional margins he ordered to close the trades
The buying Of May by IIazclhuist. hy Ich. hv Nor
ton WOrthinGt0n, WAS said bc on orders ot ms
sort. Partridge also supposed to bc doing som"
covering through Baldwin Farnum. The Way marNei
II narrow one. probably did not involve 1000
OOO In all from the opening to the close. and
lardrdsc'S purchases probably did not exceed
10000
John Cudahy is rc ostensiblc head OF the bull
clique. and rardrdcc sent IN ambassador to him at
his Office suing for term Cudahy granted him sci
cmcnt from 100 900 to 3OOnOO0 ri Nav wheat,
II Is said. at - cents bu>hc which settlement, 1t
is thought. leaves PardrdGc poorer hy about $1,000.
The scene in The pi; exciting Will" the brokers
were buying in the biz pungcrs wheat pdrdrdga f,
understood 10 be still short enough to lose him
81 100000 in addition to his losses of to-day lie
sold cut 5,OOO shares Of West Chica,o street Railroad
stock. II Is said. 10 help meet today's lo>,ei Hr
WAS in extremely bad humor and tod The reporters WHO
l., ,>i.gcd him 10 mind their OwE busnc,- II" coul
attend 10 hi. h. adde's.
IdN wheat OI"n'! tllS morning elrrnr ~ aH
vance Of over a cent. Tic market. however, nj ono"
me, an enormous amount OF selling Of July by the
big May holders The buying oil the Government
report the strength OF outside mlr6c, and an unusual
advance in cables We're sufficient 10 keep ia" JulN
price - cent for few minutes. The weight
Of The offerings Of the Cudahy intcr. slowly pressed
the price down. ard before noon the July price WAS
back whcr" il closed yc'trIday, with MI the early
advance gone. The close showed some recovery from
the bottom figures. July old between - 3s and
1894 and closed at 16 1-i016 ,, cents
As Wa the cas-" Yesterday. Tho MAY pursued rs
course Independently Of the July. 1t opened an'w here
from - to -, Touched >. cent. several times during
the session. and closed at sG34 ocri,. II was
imagined al the opening that tuc Government crop
rcpor, would be- the Influential factor. II TUNED
out that thc cnornous July selling 10y the 'iay hni
temporarily ovcr.Aadowcd The Government report.
with every other anuouue cmeni ~ the day kan-Is
was Stlll dry and the prediction 1, that fl viii b"
dry for at least foryc.ght hour To come NJ night.
ON the curb there was a somcwhit nrncr feeling on
Irly calls were - cent, puts. - - cents. 'nll'
on Nav wheat sold high a> 80 c"nts; PM, ""r"
So cents.
Corn was weak declining a cont. and closing al
mos, AT The bottom May sold between IL : 1td
4o12 and closed at 40 o5-. Receipt, 1"j
were one Of The weakest thng- on The door. Dc
cning over cent Mas sold between 30 and = -
and closed ~ - !. m" 'alh pl m W'l'HS'u "i''
the result of putting ~ oai' "h"r' """'' "'-
failed. Is affecting everybody.
Prov ion, were weak Pork showed los al
the clos" Of 40 cents barrel. ldrt. o. 10 10 :,
cent, u 100. ribs. of 20 10 - cents q 100. rom
last night. The hogs. 10000 oVcrran and pric..
al the wards showed sensational drop, 20 ia =
cents. The estimate for Tuesday. 1900. made u
look as If the week, receipts might reach almost
100 900. Tho selling wa led 10y Armour az
swift. There did not seem To Do any supi"f r.
prices: there certainly no important support
Nav pork which closed yesterday ~ 100. cl","'
af 1920. Scpicuhc- lard. which clI~cd YESTERDAY
at 10 closed 10 DAY NJ 800. May rib. VII clo-e'
yesterday AT 0.4o closed to-day at ".l'.