The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-02
THE COURTS AND THE CHICAGO OATS CORNER


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THE COURTS AND THE CHICAGO OATS CORNER.
There was corner in oats in Chicago, and the
firms who were shortit is said that the shortage was
up as high three million dollars-took novel meth
cd of defending themselves against the manpuators
of the market who squeezing them. They applied
to the courts for Injunction and Judge Chytraus Oh
the superior court issued temporary restraining
order The injunction issued upon the application
of Waite Thorburn & Co.. Of the firms heavily
short in its July contracts and the writ was directed
against James A. Patten and associates.
Frank p Frazier, of Bartlett, Frazier & Co., one Of
the defendants, said that there intention Of
squeezing the shorts I'VE simply waiting for the
delivery of the oats contracted for and we expect
their delivery" But in spite of Mr. Fraziers dsclaim
of hostile intention there is doubt that the shorts
were squeezed The enforcement of the contracts
against the shorts had the effect of squeezing them
and squeezing them hard There is getting around
this fact.
Before sympathizing with the shorts and blaming
the other crowd 1t is fair to remember that the shorts
went into the future market with the purpose of max
ing money If they had been able they would have
manipulated the market their way and would If for
tune had favored them and their efforts had proved
successful, have insisted upon the enforcement of
these same contracts strenuousy they
endeavoring to have them called off.
The novelty Of the proceeding In the courts is note
on each side which sure to develop many nice
points OF interest too and also of Importance will be
the final opinion OF the court whichever way 1t
1t is difficult see however how the decide
anything else than that the complainants have suffered
damnum absque injura, loss without legal injury,
OF the sorts of damage that the law take
cognizance Of The subject is proper for the leg
stature however and laws against would be
good thing-f they could be made effective,
The government Washington is trying o figure
how the Russian antitrust conference will be good thing
for American manufacturers. 1t to be hoped that will
but il it does it won't be very much antitrust.
II New Yorks negro baitings only equaled
by her Hebrew bangs
RrrunL1cANs disagree on trust legislation What they
the knowledge Of how deliver the octopus good
swift punch without danger of the octopus knowing
! it.
AS action against the trusts there is doubt
that Fhilander is admirably conservative.
IT Is rumored that Minister WI may become editor Of
hnese newspaper The editor proposition looks doubtful,
but he would make first class interviewer
DR. JoHN GRANT i'll to attend the republican State
committee Waco We thought John had recovered long
time ago
DEvrRY the FUNNIEST chief of police New York had,
trying make himself boss of Tammany. If he succeeds
1t will mean Tammany for revenue only.
Those American train robbers have been captured in
Mexico and is probable that they will be shot while try
| ing to escape
TEXAS oil is certainly hot stuff, and it may be that in
order it fuel Uncle Sans warships will have be
constructed especially for IT,