The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1902-08-01

'h'0afo. Aug. l-Judec rhrtraps
a. modified tho injunction issued
"Wednesday restraining The chie,vn
board ~ trade and ,hr hoard ~ trade
OPERATORS. James A. Patton. Caring
Ton fatf"n 4 CO. and iarlet' Fra.
.'eF " 20 from conducting corner
N July standard oats by restraining
'h' hrieneanis from asking the pregi
cent OF Tho board of trade 10 endorse
down margins deposited by the com.
plalnau's. Watt. Thorburn 4 CO. 10
see ~" 5000 bushels ~ short sales.
II court hold session before tho
opening hngr ~ the board ~ trade in
Order that dec ION might 4. arrived
- tffat" business was begun - i'm.
rorfani however. did - oour, con.
fid'f -" precedent of the cae. that !,
motion for dissolution II 'he tempo.
faf5 Injunction VA not considered ar.l
IL" eas" @ili come up for further adju.
d!eat.on neat week
IT, effect ~ the action n The court
Is for tie time - protect tho co,unlain.
anfs against any alleged corner and is
construed a. working against the bull
Clique u operators on the board.
Afgum"nt was brought H. bear ~
attorneys for tho board and for tie
defendant operators that luasmueA IS
both the cowpi4.nants anl rhe defend.
ants "efe members ~ q tribunal tat
aGiadieatej controversies between its
members toe injunction should he dls.
tolfe3 90 tie ground IL want q. jusis
t!r'laa L aas argued that til eors.
plaltahta #ere premature til asking
f. IN injunction against Il corner
"hsn re- tfth coruc- was II efeei aaa
:. In iha .g..aaE4 la,rn.scrs h, .ss '''s q
The defendant emhers - tt
hoaTd ot trade. III answer n 'he II.
Junction denied ~. al rmai 0u ilai
July standard cats aero worth -. s.
excess - - cents hBshcl and ea,i
II = ~" worth moro than that pfIee.
Trey Also Denied Any co-sp fa-y
amone ;hemseIv"s or Nth Joseph hid
a"ll tn r-ain Inspector. to eotues
Iuly OATS az 'o tore-iall tho market is
that commodity ~ tu m S. ;he price Il
July oats They dcniri th1' ~ Lad
given fictitious value a. ih. ari.eh
and that ihry had mao ans rlreh.e.
FOR Iult t.livcrt since JulY = ~a~
ST forth that the elevator aecnmrlp-
Gafson and railway N .itA'S ot 1hi
cage were such that they would allow
of thc delivery ~ fifteen times tho
amount a oats bought ot Wait Thor
burn A 90. rs the def ndan;s and that
frequently tho defendants lad houEh'
ton times as much ~ thelr total IT
ehascs III th.s delivery Follow u. are
i,e purchases made IN July standard
oats IS iho bull clique rs sat forth II
thor affidavit
Bartlett Frazier 4 Co. 9oo.oao bush
els Darlington. pauen & Co, leo.-
op0 bushels. James 4 Patten. s6o.oHo
bushels
Attorney !. H. Monroe. for the Do
PENDANTS. in addressing the court.
made sharp illusions 90 the complain.
ants having been Of speculative turn
q. mind and sold something they did
ro. have ami which they did not nave
the means of obtaining Tor driN'rS.
IL said II looked as II the complain.
ants werc irving 20 make money ny
huying in property NJ less pre- than
that for which IL had been sold.
Judge Chytraus. before modifying
the order. told the attorneys he dld
not consider tho injunction restrained
tho defendants from bidding. buying
or selling or refusing 10 buy or sell
.Iuiv oats in the pit or from any NJ
thcir accustomed business operations
aside from those in connection Win
the eomplainants.
There Was practically no cffeet from
the Injunction in the business III the
oats pit The assurance by judge
ch,traps that ordinary business could
he done hy the defendants and other
members of the board OF trade acted
~ check against any early violent
fluctuations.