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Show heavy cargoes, consigned from Duluth I to Buffalo, were diverted to this market mar-ket In an attempt to deliver actual wheat on th contracts credited to Waterman. In this manner the price of May wheat was hammered down i a few cent, hut failed to demoralize the market. It was reported that frhorts probably would havo to settle for ahout l.r.no.Ouu bushels, the difference dif-ference between quantities sold and tho amount which could bo delivered by tbe end of the month. The Ecttleincnt price la not known to the general trade, but the amount involved is said not to compare with the preat Patten deal of last year, jior with other famous "squeezes' Ijesser "longs," who trailed the bull leader in his operations, unloaded to- I day. j HEAYY DECLINE IN MAY WHEAT Chicago. May 26. Sensational de-clluets de-clluets In wheat marked today's session ses-sion of the board of trade. Following Follow-ing a private settlement of the May wheat "o.uee7.e" that option declined an extreme 5 5-R from lat night. September declined o cents on the un-loadlnc un-loadlnc of a long line estimated at o.Oou.ooo bushels. .lomes A. Patten wn reported to have been the seller sell-er of the latter, preparatory to ar-ranging ar-ranging hi affairs f-r an extended vacation, but this statement was denied de-nied by Mr. Patten. A deal in May what. In which Theodore II. Waterman, the Alban;. N. Y miller, is said to have be-n the controlling "lonn," and A. J. Uch-frtcrn. Uch-frtcrn. a Chicago dealer, the moet intrepid in-trepid "short." is believed to have tu-pn settled privately. It rnnnot be stated irHitlvey that Waterman and j IJchstern were actlnc alme. In inn ' Lichstern has frequently been reported report-ed as acting for a bk elevator houe. Tbe action ot the May option yes- i terday In fluctuating erratically, clos- j Ins prices being tbre-eighths of a . rein apart, at 110 M to ''" SUR- , Rested that th contest was being compromised. Tbl 's ,f,nilnEly i confirmed todav when a cargo of 7V . ono bushMs nf" No. 1 northern what. j headed from Dnluth to Chicago, pre- : Biiniably to b- delivered to Water- . man. wm diverted to H natural dr-s-llnatlon. RnfTalo N. V. In the Ust in day i"'h"r of I |