Show L Shorts z In in Wheat to p to Lose Millions I. I OWNER Of CORNER A RISE Man Who Cornered Wheat Is Pinching the New York York- M Millionaires O 0 44 f 4 H r f t t H r f H r H i- i H f 4 O Of f p ff f 1 Chicago Feb A A blue bluet t 4 week begins tomorrow for tor the I bears in time tile wheat pit who have pitted their Judgment against f 4 that of ot James Jumes A A. Patten who f ff f controls the wheat market of ot the 4 world Wheat hent went to 1 19 a bushel Saturday but it Is cx- cx f p peeled to lo skip by that point within with with- f in the next 48 IS hours under tinder the careful guidance of Mr Patten Patton f 4 nn and the shorts short who have hav not COc cot cov- f c ered c their lines lines' are are re expected ted to 0 4 scramble wildly to save them- them 4 selves cs front from utter extinction for tor 4 Mr 11 Patton Patten has said forcibly 44 4 4 Wheat Wheal will vill go to 1 a a f 4 ff 4 bushel f f 4 fO 0 O M M 4 44 r M t t 4 HIn M- M MH 4 H r H 40 4 O 0 OIn In the time meantime while the Chicago Chicago- shorts are to seek seale a ahole ahole ahole hole whereby thc they mn may escape thenIs thenis then then- Is s consternation uon among tho the wise men mon monor of or the East including Reggie Reggio Van Van- W W. r. II H. Moore Jesse Livermore J J. J Brant Walker and others othel's of th j millionaire plunging ng set who inhabit Wall nil street When wheat touched tho the 1 10 mark markon on lI the tho Ea Eastern millionaires faced oases losses I of uJ I millions H and If it it goes to I. I Hi a bushel as Mr Patten predicts predicts predicts-an and l 1 so bo far hit his predictions have o been more than titan fulfilled thc the Vall Wall street bearon bear on wheat will find themselves as they have havo never ne been pinched bo- bo foreIt fore tore It tt is alleged that tho time four New NewYork NewYork cw York plungers mentioned after listening listening lis his to the ad advIce of or Sidney C CLove JLove began selling wheat heat with Ith a confidence th that t born of ot Mr vo's vos declaration the marl market ct would break and and that Patton Pat Pat- Patten ten ton would find lied himself hm olf I swamped Th They sold when wheat client wee was us climbing from rom on till I 1 Three SHORTS IN WHEAT TO LOSE MILLIONS' MILLIONS Continued from ln e One 1 to I. I 06 a bushel it was when wheat was hovering around ios that the strong n bear movement OV began beg tO manifest itself In New cw York and other parts of ot the country Vanderbilt Moore loore Livermore and Walker alker are supposed to have sold millions of oC bushels at this figure As It cannot be bought in million bushel lot lots lota for tor Jess less than aid 9 J 3 and the attempt to several million bushels In Inthe the tho open market would send wheat to toU 12 U 22 a n bu bushel hel and even higher higher the tho New Neu York millionaires face tace a n serious problem The They cant can't bu buy enough wheat to cover their lines except of ot Mr l Patten Fatten at an any price Short T Million Bushels The four Now New York millionaires are said ald to be short about bush bush- els Their combined losses are now figured at about This Is bused based on the calculation that they sol sold short at 1 06 and could cover at the present time timo at thus showing However of 13 cents a bushel loss 1055 a and the New ew If wheat goes to 16 i 26 still tm short their combined Yorkers losses losse will are reach nearly nearl allare all allare allare are able to stand the loss consented I James A A. Patten tonight freely reel of or his big wheat deal to talk for Cor the first time sinco he ho started wheat last fallI fall tall buying that the I 1 have ever every confidence nce wheat market will go upward and that wheat will be at 1 25 a bushel bush bush- el ci within a short time said Mr 11 Patten Pat Pdt Patten cheerfully cheerfull ten Do you vou control the tho lie marl market ot absolutely Patten was Mr aa as M is claimed 7 asked Dont S say that I control the market market mar mar- ket hat Interrupted Mr Patten I I have ha wheat No one tried to corner not t to do that Har- Har enough man mOon Is' Is bl V-n V trl u 1 to i u per the C i nc i years eur ago and corner wheat twenty taught a a. lesson leson that no one he was who has anything to do with the wheat forgot forget He wa was market will ever er down smashed and broken broleen and pulled several banks to ruin in the crash control the sa ay that you Traders i say the cash wheat of the country informed wheat king was All the cash wheat I own is here herein herein It in Chicago elevators I am selling day to the mills Our firm every thousand thousand thOusand thou thOu- from fifty to seventy five sells soils We e mills sand bushels a da day to the cash wheat for sale That ThatIs have always M I dont don't control the business Is our cash wheat for there In is bushels at the mills in the North Nothing Sensational In It I out Dont make a sensational story Is really real real- there o of the wheat market for sensational lonal In It I have ly lr nothing sena ft 1 nn nave followed me tiLe mar k e t L un u anu simply plY The nothing to do with the price of ot supply and demand dem regulates law wheat and 1 I have bought the price Is I thought that the supply because far below the tho demand and I still think is 1 estimated in Argentina Argentino so Tho The crop and bushels short ed to bo ho the thc best experts in Europe Europ n figure ure that markets there thero will need ned the bushels of or wheat h ut that the they will be able to get not millionaires mil mu- about the losses losse of tho the How Hon of Wall Wail all street who took toole Sidney Sid ney C. C Loves Love's all advice vice to sell short I 1 know nothing about their losses homes l know Is that said ld Mr l Patten Fatten All Au I now movement when bear there tere Is s a strong wheat was at 1 1 06 06 arid and 1 1 08 a bush budh- short selling all tho the ol oh However In the world cou could cOUll not stop tol wheat from going upward asked 1 millionaires Have any of the you for Cor a ti settlement and Bud replied If Mr Ir Patten laughed they would be I time the they are really short hort settle settle- to me for Cor a n to come proud too pocket simply lImplY ment merit The They would and bear It grin anti and gnu their losses cs made mado be any Will ihl Ill there this week 7 I dont don't think BO so 0 was the reply Interview This remark closed the innocence beneath its seeming and which means be something there mo may will not talk settlements settle settle- Mr Patton Patten that ments until wheat goes oes to 1 1 25 5 If It attitude then the shorts this Is the tho In wheat wheal have havo come como to a cropper will ever get out which few Cew of or them |