The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-10-27
LOSING NO TIME.
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The amount Of stock changing hands.
however. was small compared with the
hlS decline ana there was not much
excitement. Erratic movements We're
followed ny bear covering that lifted
the quotation to 56. at which figure
buyers were found. At Il O'Clock, how
ever, the market was very unsettled
and continental advices were eagerly
awaited.
No dealings in American rails had
yet taken place. Holders here were
rather frightened at the government 8
action but the principal offerings ap-
pear to have been cabled over night
from Wall street. American rails later
dropped from half to IL in sympathy
with the steel stocks but the market
hardened fractionally around noon.
when in the absence of further selling
steel was quoted at 5e4 or ~ above
the lowest.
Plan OF Procedure.
Trenton, Oct. 27.-Deputy L. s
Marshal Woodbury. Sowden. jr., who
went to New York last night to serve
on Judge Gary and others copies OF
the petition of the federal government
was back at his desk today but posi-
lively refused to give out any infor-
nation, saving that he has iron clad
instructions not to talk. 1t is known
however, that a copy OF the petltlon
was served on Judge Gary at the
last night. This service is not part
of the necessary legal procedure in
the suit but is really a matter OF
courtesy to the defendants. 1t is the
subpoenas that will bring the deien-
dants into court.
Following the return day. Decem Der (
T. when the defendants must put in an
appearance by counsel, they have until
the first Monday in January to put in
their answers to the charges set forth
n q
probably will make reply
and then if the procedure of trust
prosecutions is followed the court
will appoint an examiner to take tes-
timony. The examiner may sit in any
city convenient to the governments
and the defendants Wit
nesses. In view of the fact that most
OF the defendants live in New York !
and most of the papers and documents
Of the corporations are in vaults there. |
most of the hearings may take place |
IN that city.
After all testimony is in. argument |
Will be heard by the fun circuit court /
bench probably in Philadelphia where |
the fun bench of the third judicial /
circuit usually sits.
WicI1ersllam Will Prosecute.
Trenton. \. J.. Oct 24-The diff I
eulties which have heretofore beset
process servers seeking John D. Rookie
'eller and other millionaires named as
yesterday against the United states
steel corporation were not expected to
levelOp today in the service of sub
,oenas issued in the suit The opinion
prevailed at the United States mar
halls office here that the corporation
awyers probably would accept service
II New York of the entire batch Of
The drafting of subpoenas was the
irst task of Henry Oliphant clerk of
he United States circuit court, on
opening his office today. Deputy mar
halls took the documents as fast as
hoy were prepared They require the
iefendants to appear in person or by
al Trenton on December 4 in
nswer to the petition. Actual preSen-
alton and prosecution of the suit
will be the work of Attorney
General Wickersham and his assist
nts. District Attorney Kreeland.
vnose signature is appended to the
EDITION, is unfamiliar with the de-
endants of the suit. His signature
nalities- but his connection with the
nit, it is believed, Will be purely nomi-
ial.
Wheat Prices Affected
Chicago. oct. 27.-DoIlar wheat. the
armers ideal. suffered a fracture to
lay on change. For the first time in
luite q While the December option Welr
Town into the nineties, selling off a
,ent and a half a bushel to 99A The
market was chiefly affected by the
weakness in the stock market result
ng from the government attack on the
United States corporation.
Steel Stocks Tumble
New York Oct 27.-There was a
Wild rush to sell Steel stock at the
pening for the market today as a re-
Ult of the government dissolution ,
uit. The common stock opened with
he sale of $4,000 shares and fell TO
31a. loss of five points. The pre-
erred stock fell 53s.
Three Judges VIII Sit.
Trenton. Oct 27.-It was auth0ri- s
ativeIy announced here today that
Ilree judges Will hear the case of the ]
cvernment against the United States
teei corporation. The judges are
ieorge Gray of Wilmington, Dell Jo- {
eph Burlington of Pittsburg, Pa. and ]
William NJ. Tanning Of Trenton. These
Judges recently handed down a deci- I
ion in favor of the government to {
issolve the alleged powder trust
subpoenas were issued today for all
ne defendants.