Show COHN I 1 ru WH AT H H AS ta S f yllia BEEN an BROKEN U R FI break in follows de desertion bertion 1 ocleader of leader arid many fortunes have been wiped out r mad scene acen 6 in grain pit afi when e i n dis covery is made of pattens unexpected vacation Vaca flon red rd letter lett er day in n history of chicago I 1 board of trade chicago james A patten the wheat king has apparently abandoned the fight and has sought the seclusion of a ranch in colorado jave miles irom from a railroad declining ibe to 0 be interviewed on the probable outcome of the remarkable corner of imay may and july wheal simply declaring that it Is vacti bil time I 1 have plenty of money have earned a rest reaf and now 1 I 1 wn am going to take it when see seeli ji at trinidad colo color on thursday prior to his departure for the ranch ran i of oiw W hi bartlett his partner patten said there is a short like adeo of wheat and that accounts for the high price I 1 have not manipulated the market simply bought wheat and contracts to deliver wheat I 1 just like steel makers buy raw I 1 iron row why not I 1 bought wheat es bs a alv I 1 could get and when it was cheap we sold when the price went up that a all jp I 1 but pattens disaia disappearance armice from chicago has been taken by many to 0 mean that he alises real re ries that be has met d defeat e f ei a t thirty million bushels of wheat beat a ac a low estimate were d dumped into the pit anthe on the chi chicago cago bo board ard of bf trade trad e within the space of a few short hort a hours ahu thursday from the tap of the opening gong until the boll bell clanged the closing ot of the most sensational days trading ever experienced on the board the bears were in full control of 0 the marr mar ket the price of wheat carried along in a maelstrom ij broke with almost incredible rapidity fortunes were swept awayan away in minutes the pit was at howling r fighting fightlin g mass of men who looked and acted i as ep if they suddenly had been bereft of ill all reason belll sell sell this was the order berof of the day and for every seller amongst that mob of screaming tearing pushing money mad men them wash wasa a buyer thursday april 22 1909 will go down in the history of the chicago board of trade as a red leter letter day wheat for the may del delivery broke bloke from froin 1244 at the opO opening ning of the days trading to at ta ala close wheat for the july delivery broke from isay 1131 at the opening ao to wheat for the september delivery broke from at the file opening to the losses that were wera sustained during these hours of 0 wildly boldly excited trading are known only to the m men who were on the wrong side of thy the wheat market but they amounted to millions of dollars jt it seemed as though the psychological moment IQ had comer come for action for a break in the prices of wheat the manipulations of the aking king of the wheat cheit pit james A patten ha had ad put the prices of may and july wheat to a fil higher glier level chait than they had been in many years at the close of the nerve racking day george W patten the office manager managar of the firm arm and in the absence of his brother jim 1 I the field general in command figured up the slips that were handed to him by a we weary ry bruised corps of traders and calmly announced that his firm hail had bought more wheat than it had sold during the turmoil this statement is not believed by many the charge being made that patten has taken his profits others declared the wheat king Is ls hopelessly ruined T |