New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-04
AN EXCHANGES RIGHT tn EAiSI.
..ewrp ~ A SUIT BY THE GovERNMEST UNDER
TIE ANTITRUST LAW.

..ev,rp N A SUIT BY THE GOVERNMENT UNDER
THE ANTITRUST LAW
o,,o,a Neh Dec. s-On behalf OF the members
, 49, aou,, Omaha Live Stock Exchange the al
,orneys have filed an answer In the uHA'ed o'a'eS
CO., o., tho sui, Of the Government OF the thi'c"
States IN which the Government.
dissolve the 1.-Two Stock Exchange uhoer INC en-
Tru., law OF tho United States Inc caAc IN 'o''
a,aored nj TN. utmost importance throughout III"
country as Il involves tho vaiiu''y VI o'"' ~
stock exchange and great variety Vi
establishments all over tho United States
Tho answer sets out that II IL the Customary
practice Of all cities and commercial points u io ~
exchanges or Boards of Trade. 10 iac'l'a'e '''
making Of such places a trade ceh"e' SUI
changes are formed by dealers In STOCKS oohuS
Grain cotton and other agricultural PRODUCTS Two
a,ocks oils minerals and In almost every trade IN
commodities The answer alleges that SUCH asso-
Citations DO not engage in business. but simply pro-
scribe rules and provide facilities for the uahhac
lion OF business, and each member Is left FREQ to
compete with the other members for the iair ana
iust conduct OF his business.
Referring TO the Union Stock Yards Company
and the Omaha Stock Yards. the answer denies
that It is public market. but alleges that 1t is a
private concern; that the cattle shipped In are
pisced I'm pens owned by the company and remain
thnre until sold ard the commission merchant
selling stock further control over the dspo-
stion OF the stock. The answer denies that tho
stock yards afford the only available place In the
Territory for the sale Of stock ana alleges that the
greater portion are sold by negotiations conducted
away from the yards and the Exchange III ID
also denied that the business or commission mer-
chants in commerce partakcs or an Interstate nat
IRE within the constitutional meaning. deIiia.
IS also made that persons not members VINO snip
stock to South Omaha are compelled 10 reshp 10
other markets but IL Is alleged that they are
offered every facility for making sales. The defend
ants deny unlawful combination
The Exchange asserts its right to maintain or
ranizefiOn and that II Is not compelled 10 deal
with any member who has been expelled for mis-
conduct or who IS threatening TO destroy the Ex-
change from personal motives. Tho answer con-
inC or rcardng the owners OF live stock In the sale
81 their stock the purpose OF the Exchange Is 10
facilitate each sale and 10 promote ana Increase
the volume Of business done at tho stock yards
INDICTED UNDER A STATE TRUST LAW.
| Chicago Dec. 3-True bills have been voted
under the Illinois Anti Trust law by the Grand Jur
against nve prominent stove repair manufactur-
| ers. The complaint was made by Alien C. Seileck.
! a hardware merchant and follows civil suit FOR
SO VyO damages, In which Mr.. Selleck charged the
| five manufacturers with having ooIHpired 10 ruin
his business by forming a combination 10 force up
the Of stove repairs. The case Is said TO be
the first Of its kind since the Antitrust law went
into effect Se!lcck In his complaint alleges that
when the combination was formed he was invited
| to Join but refused. and has been compelled to
| loss Of a large part OF his business.