The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1915-01-24
INVESTIGATION OF
HIGH GRAIN PRICE
Comes just az Suit over Call System
ON Board of Trade 10 to
:. be Heard

United Press Leased Wire Service
CHICAGO, jan 23.-United States
District Attorney Clyne Is tonight in
the position of the proverbial Mis-
souriaa. It still remains for grain
traders and dealers In food stuffs to
show him that speculation has not
played an important part in the high
wheat and food stun prices. 1t was
intimated tonight that the district at
torney nopes to conclude his investi-
cation into the causes Of soaring grain
and food stun prices some time next
week. The investigation was order
e.. by the department OF justice by
President Wilson, after wheat had
reached S1.45 a bushel and -four was
keeping pace in the aerial price pace.
1t was pointed out by grain men
here tonight that it was at least a Co
incidence that the federal district at
torney should exhibit activities in the
grain and food probe on the eve OF
the governments suit against the Chi
eago board of trade to abolish the call
system This suit is slated to open
Monday morning before Federal Judge
Lands. On the docket for Monday
and considered one of the most i'm
portant on the federal court docket,
was the chief reason why Judge Ian
dis wanted the warning baseball fac
tions who have been before him since
Wednesday. to conclude their argu-
ments for and against the temporary
Injunction sought by the Federal
league against organized baseball to-
day. District Attorney Cline spoke
frankly II briefly. regarding this CO
incidence today when he said special
significance may be attached to the
suit. because OF the present inrestiga-
tjon into wheat prices Maybe the
traders will give US Information dur
ing this suit that viii assist u.s.
some of the biggest traders in Chi
cago have been subpoenaed for the
call system suit. Three deputy U,
g marshals have been kept fairly busy
today inviting" prospective witnesses
to be present Many OF these will be
man whom Cline already has question
Cd In the course Of the price probe.
Among them will be George E. Mar
cir. president of the Armour Grain
company. C.. b. Pierce, president OF
the Bartlett Frazier Co; j. Rosen-
baum. of ]. Rosenbaum and Co.; John
81 stream. <of J. c. Shaffer and Co.,
and r Glaier. OF Rosenbaum Brothers.
7, the meantime and despite the
admitted investigation and the prox'
unity of the call system suit. grain
nrices continued to soar during the
week closed tonight. Options on May
wheat which had gone as low as
s1s7A per bushe1 on WednesdaF
Jumped TO s1.45ss per bushel on Thurs
dsy. This was the highest price re-
corded for the present crop. The same
.ntnres closed today at $1.44h PEI
buehei. This was an advance OF 2s
cents per bushel over the closing price
last Saturday.
similar advances were noted IN corn
and cats during the past week. Tak-
ing las. SATURDAYS closing pTtces as
the standard prices other than May
-h.at showed the following ad-
rances. July wheat up az cents per
husheI: corn up eH cents per bushei
for both May and July futures; oats
.n x cent per bushei; May up one
cent per busheI for July options
It was different in regard to -four