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Show PATTEN JSJUMPED BIG SPECULATOR REPORTED TO HAVE LOST MORE THAN A MILLION IN A. DAY. Albany Miller Successfully Carries Deal Through and Forces Leading Short Interests to Settle With Him at His Own Price. Chicago. Tho prlvnto settlement of Theodoro H. Wntorman's "squeeze" In May wheat; the unloading of 8,-000,000 8,-000,000 bushels of September wheat by James A. and Georgo W. Patten, nnd announcement or their withdrawal with-drawal from tho brokerage firm of which they have been members ror n generation, nnd, at least temporarily, temporar-ily, from business; a net decline In prices ranging from 4V&c In September Septem-ber to more than Go in Way, made Thursday, May 2G, a day In wheat destined to take rank with other momentous mo-mentous days on the Chicago board of trado. James A. Patten left his offlco Thursday night wearing a smile, and In his llmouslno had leisure to real-izo real-izo and estimate his losses at anywhere any-where between $010,000 nnd $1,200,000 for tho day. Traders nro assured that Theodore H. Watorninn, tho Albany miller, tho leading long In May, has carried his deal through to a successful conclusion conclu-sion nnd forced tho leading short Interests In-terests to sottlo with him at his own price, generally believed to have been around $1.14. Many efforts to gauge his profits have boon futile. J. Lolsch-stein Lolsch-stein Is said to have been the leading lead-ing short In this option, but chiefly ns agent for a big elevator concern. Several cargoes or actual wheat wcro delivered to Waterman during the last ton days In an endeavor to break the market. Tho lattor bent, but did not break. |