The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-01
INJUNCTION STANDS
The Bull Clique Of Oats Manipulators
Headed Off.
THE TRUE VALUE OF OATS
Cereal Said TO Be Worth More Than
Ihirty.five Cents.
DENIAL OF ANY CONSPIRACY
Defendants Claim That Speculation In.
lured Compliments,
UNFAyORABLE COMMENT ON ORDER
Bulls Say that Shorts May Default at
VIII When Prices Go Against
Thar,
DENIAL OF ANY CONSPIRACY
Defendants Claim That Speculation In.
iured Compliments.
UNFAyORABLH COMMENT ON ORDER
Bulls Say that Shorts May Default at
VIII When Prices Go Against
Them.

Chicago. July 3l.--Judge Chytraus today
modified the injunction issued yesterday re-.
straining the Chicago board o. trade and
the board Of trade operators, james A. Pat.
ten, Darlington, Patten " Co, and Bartlett.
Frazier \ Co, from conducting a corner in
July standard oats by restraining the de-
PENDANTS from asking the president Of the
board Of trade TO indorse drawn MARGINS
deposited by the complnlnants, Waite. Thor.
pufn q Co, 10 secure $4,000 bushels OF
short sale. The court held session before
the opening hour Of the board OF trade IN
order that a decision might be arrived at
before the business begun SO important,
however, did the court consider the matter
that q motion to dismiss the temporary in-
Junction was not considered and the case
VIII come up for further adjudication next
week
The eject OF the action OF the court Is
Tor the time TO protect the complainaiits
against any alleged corner and is construed
as working against the bull clique Of ope-
rntors on tho board
Argument was brought 20 bear by attor-
neys for the bonrd aud for the defendant
operators TINT In as much as both the COM
plainants aud the defendants were MEM
! hers Of tribunal that adiuiicated any con-
| trorersios between It's members, the injunc.
ton should be dissolved on the ground OF
! want Of jurisdiction. II was argued tnnt
( the compalnants were premature In asking
| Tor nm Injunction against a corner when no
| huch corner WAS IN erect ana the BOARD or
! trade rules specifically prohibited corners.
TRUE VALUE or OATS.
The defendant members OF the board of
| trade in answer 10 the injunction denied
! the affirmation that July standard oats
were worth not IN excess Of 80 cents
/ bushel and said they were worth more
than that price. They also denied any con.
| spiracy among themselves or with Joseph
| Bidwoli. grain inspector, to corner July oats
/ or 60 forcstal the market In that com
| modify or 10 rnisc the price OF July oats.
| They dpuled that they had given fictitious
! value to The article and that they had
| made any purchase for July delivery since
| July l. II was set forth that the elevator
accommodation and railway facilities OF
| Chiengn were such that would allow OF de-
! livery Of hftocn tiniea the amount or onts
| bought Of Waite, Thorburn g. Co. by tho
defendants. aud that frequently the de-
| fendnnts had bought ten times rs much az
| their total purchases IN this delivery.
| Attorney l. II. Monroe for the defendants.
! IN addressing the court made shnrp NJlusion
! g. the compiannnts having been of speci-
! lntivc turn of mind and sold sonething
! thcy dId not have and which they did not
/ have the meana OF obtaining for delivery.
! lie said II looked ms II tho complninant'
| were trying TO make money by buying In
property at less price than that for which
1t was sold
I r,,,,- t.vvtrN-rtrtnNsG ttNyIrAT0SS