The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-08-01
NOT Affected HERE
Wichita Commission Houses
Arrange to Receive
N. Y. MARKET QUOTATIONS
Excessive Rates Charged by
Chicago Board of Trade.

Commencing with today the two com
mission houses in this city will not re-
eeive the Chicago board Of trade mar
ket quotations. This is a result Of de-
teruined effort on the part Of the board
OF trade 70 freeze out the small commits
sion houses throughout the west and the
big bucket shops in Kansas City and
other towns The Western Union and
the Postal Telegraph companies have re-
fused to rake the quotations al the raised
price fixed by the Chicago board Of trade
and hourly quotations direct from Chi
cage will not be received
The two commission houses here are
conducted by r. L. Bostick, who has
rooms over the Kansas National bank,
and the W. J. Weidenback Commission
company in the SedgH1ck block. No quo
tations on grain, provisions and stock
viii be received from Chicago's board Of
trade, but by clever manipu tons those
who desire 10 do so VIII not be deprived
Of buying or selling stocks. Mr.. Weldon
bach yesterday received advices from
OF Kansas City, one OF the largest in the
west, TO the effect that New York quota
tons would be received and taken as a
basis for the Chicago market. This will
act the same by deducting the difference
in distance and viii bring the same re-
suits, bur causing little Inconvenience.
The Weidenbach company have a leased
wire TO the Christie-Street company at
Kansas City and receive the quota tions
as they are given in Chicago and just
as quick.
The Chicago board Of trade IS making
a fight on those engaged in the commits
sion business in the western states and
its purpose is to freeze them out by
charging excessive rates to the telegraph
companies, so that it would be a losing
venture 70 the telegraph companies to
take them over the wires and send them
TO the various places for the pubuc's
benefit. The only direct quotations from
Chicago Will be received in the Associated
Press report and viii not be distributed
The telegraph companies were yesterday
notified that no more quotations would
be sent The rate fixed by the board Of
trade for the market was considered ex-
horbitant and they refused to pay IL As
a result the big bucket shops fled suit
to enjoin the board Of trade from charg-
ing the purported excessive rate, and the
writ IS returnable Aug. I. An action has
also been commenced against the West
ern Union Telegraph company COMPEL
ing it to furnish the quotations as be-
fore. This writ is also returnable IN
August.
In the mea ntime the New York market
viii be quoted and the Chicago figures
taken from It The cutting of Of the
market caused considerable talk on the
streets yesterday among those who are
in stocks and many expressions
were heard that tho board OF trade could
not deprive the public in the manner out
lined by charging exhorbitant rates for
using the quotations. The fight was COM
menced by the beard Of trade on account
OF the one-sig hth commission charged by
dealers when selling or buying. The re-
suit Of the Injunction suit is exciting con-
siderable local interest and some believe
that tho outside public IS confronting the
same condition Of affairs that existed in
the middle SOS, when the same scheme
was attempted. At that time the quota
lions were received BY paying regular
telegraph tolls.