Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-04-26
son PLACED TRADES
Gordon Bigelow Acted as
Fathers Representative In
Big Wheat Deals
TRADERS WERE MYsT'FlED
Even Gates and Armour Were I'm
able to Understand the Unknown In
fluence That Was Working Appar-
emily on Both Sides of the Market,
and Losing Both Ways.

Chicago April 26.-By the time the
losses of Banker Frank G. Bigelow, of
Milwaukee, in his various speculations
are probed to the bottom it is ex-
pected many sensa tional disclosures
will have been made In the opinion of
the few board of trade members who
be found that Gordon Bigelow, the re-
tired member of the firm of Tracy &
Co., was placing the trades in wheat
for his father, who was really a sensa-
tional plunger, who, at times during
the last year has staggered the wheat
trade with the immensely of his deals.
Frequently since the beginning of
the Gates deal there have been sud
den changes in the market showing
q cross or counter current or other ac-
ton that was altogether unexplained
from any known course of reasoning.
Frequently the name of BigeloW and
another well-known Milwaukee plung-
re would be mentioned within a day or
two afterward as responsible for the
mystifying market movement, Gener-
ally it was set down as one OF the
Gates or Armour moves that might
never be explained.
Many Firms Get Share.
One general direction was apparent.
A majority of the big moves Indicated
that the player was a bull and it was
remarked that he was certainly MAX
ing money most of the time and pay
ing large commissions in any event.
Nearly every large firm on LaseAe
street that was not out ana OUT pear
ish was getting more or less or tns
business of the Milwaukee plunger. In
the language of one OF the brokers'.
'They are just sloshing around all
over. scattering business right and left
on both sides of the street"
It is remarkable how few can be
found now that die any business for
Bigelow then. The reason Is obvious.
Suits by the directors Of the bank and
possible official action by the dlrec-
tors of the Chicago board OF trade
might follow the discovery that Bige-
low had lost money in the Gates wheat
deal. Every commission house IN the
trade is strenuously asserting that ne
"Neyer knew Frank G.. Bigelow to
make a trade in wheat in his life.
probably true" said board OF trade
man, .tbut 1t Is equally true that ne
stood back, of and directed the opera
tons of his son in the deals that were
made. 1t is also probably true that
more Of the BigeloN money went into
the stock market at New York than
into the Gates wheat deal here.
Winnings Summed Up.
In summing up the winnings of those
who proflted by the collapse of the
Gates deal the trade has overlooked
the early stages when the manipulation
was taking out of the trade as much
money weekly as it has let there In
the last week. Not all of this money
went to Gates. In fact, Gates came In
to the game late and at hlgh prices
and did little scalpsng.
Those who were shrewd enough to
catch either side Of these big turns
took large profits out Of the deal. IN
this none was more persistent and
successful than A. /. Valentine, VINO
took out over $35O.o00. The Wash
burn Crosby Compa ny at Minneapolis
under the leadership of Mr.. Bell, prob
ably made s25O,000. By far the largest
winner of all, how ever, was A. y.
Lichstern. His winnings before his
departure for Europe were estimated
at about s2,000,O00. By the recent de-
cline he has taken IN between S26O,ooo
and $4,000. The profits OF N. b.
Ream and others OF his type probably
will never known, but they We're en-
ormous. Other large winners We're j..
A Rankin, Herbert Ware, Harry
Champlin, Louis Friedman and Cap