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Show PATTEN ACCUSED OP BREAK MARKET Wheat King Unloads and the Prices Turn Somersault on Board of Trade. CIUCAGO, May 1(5. James A. Patten tonight rcceivod credit from market reporters re-porters for making Chicago board of trade prices take one of the most remarkable re-markable somersaults on record. Cereals fell nearly 5 cents a bushel and packing pack-ing house products almost a dollar a barrel. It was staled that a gigantic selling movement, which got boyond control, had its start in .Mr. Patten's judgment and action regarding tho wheat market. mar-ket. The firm with which .Mr. Patten Is connected was estimated to have sold upward up-ward of five million bur.hela of wheat within tho last forty-eight hours. About a quarter of this was said to have been for Mr. Patten's personal account with some portion of tho total at a lost All of his own sales Wore suid to have been completed, but tho Impetus said to hnvn been given there had n cumulative effect, which, through the system of atop-Iots orders In vogue In tho option method of trading:, finally toppled over not only tho wheat market, but values also of com. oats and other upeculatlvc articles, notably pork. |