St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-04-14

this evening contains the following Sar-
castle paragraph:
at is rumored that some of the prin-
cipal supporters of the anti-Option bill
walked up to the captains Office and
settled up their Nav wheat contracts at
a handsome loss. Evidently the bill did
not pass and the friends of the farmer
did not realize from the anticipated de-
preston"
After the Tailers.
To many it now looked as though the
now celebrated bull clique had aban-
doned the deal. This theory is not gen.
orally entertained on the board of trade,
however. There the opinion prevailed
that the element of the trade, commonly
called "tailers." who bought wheat yes
terday in the belief that the clique was
going to force all shorts to the wall right
away. were today made the clique's lat
est prey of by the quick decline. Another
object of letting down the price was
thought to be to encourage the shorts to
respond to margin calls more freely
than they have been doing for two or
three days. The deal, it is asserted, is
being run in absolute cold blood. and
the determination to get every dollar
out of it that can be obtained. There
would have been glory in running the
price up to 81 bushel and breaking
shorts wholesale, besides tying up a lot
of money for commission firms for an
indefinite period. but there would have
been no cash profit in such a move. 1t
Is the coin the clique men are after. By
putting the price up to 90 cents an eX-
cuse was afforded for 10 per cent mar
min oollc = hOva tbot puototlnp Tn lrann
the price there would be to attract a
mass of cash wheat here, which must
be taken and paid for by the clique.
Partridge a Lay Figure.
Pardridge was decidedly a lay figure
today. He was quoted as saying that as
soon as his wife returns from California
be will have another S1,OOO,0O0 in cash
at his disposal. He has telegraphed for
her. Those who are best acquainted
with the inside situation say that Mrs
Partridge will never put her signature
to a paper involving a dollars worth of
the s., 100000 real estate standing IN her
p name, but the clique seems to be will
ing to give him a chance to raise all the
cash he can scrape tOgethar, evidently
acting on the theory that the more he
puts up the more it will get. In cOnfir-
nation of the theory that the
"plunger'' will get no financial re-
lief from his better half, the
story is told that she made him pledge
himself not to speculate in line of over
100000 bushels, and that a son was
given charge of his bank account and
check book to prevent violation of the
agreement. Several times since she has
called him down on reports from the
son, but the willy specuiatOr seems to
haN
the limit, in violation of tile pledge. If
his wife helps him out now she will dis
appoint the expectations of those who
know her best. The prediction is made
that the wife will take care that he is
provided with lunch and cigar money,
but that it is equally certain May wheat
may go to $50 a peck and Mrs. Partridge
and the children will not suffer.
TOday's volume of trade in May was
comparatively small, and none of the
big shorts were allowed to cover. When
they wanted to buy there was
No Wheat for Sale.
The source of supply apparently
dried up. The erratic course of Nav
operated to discourage trading in July,
and the market eased off sc. though
the crop news was generally bullish.
The trade is watching the clique and
guessing who is behind it. Trails, it is
said, lead to Drexel, Morgan & Co., and
there stop. Who the power behind the
throne is no one pretends to know for
an absolute certainty, though. notwith-
standing denials, James Il. Keene is
the figure toward whom suspicion is
pointed with most Dlausibility. A
rather strange coincidence is the fact
that c. J. kershaw was in the city to-
10 Ic he
of the principle brokers in the big
Harper wheat deal in 1887. and occupied
the same position that the Cudahys do
in the present operation. This is the
first time that he has been back since
then and it is said that the similarity of
the process is what brought him hsre,
and thai be might put q in6r In the