Show TSLBGBAPHIG 1 E That Corner Question Chicago 29 Information reaches here that the supreme court sitting at Springfield has filed an opinion in the case Lealerand others against the Chicago board of trade in favor of the latter The suits twenty in amber grew out of what was I known as the July wheat corner The market for the close of that I month having reached 136 a large number of operators refused to settle at the figure named The amount thus held back is estimated between S20UOOOO and 3000000 The matter was taken before a committee com-mittee of the board and the hearing extended nearly one month the losing operators urging that the I I market had been cornered by a clique and cited as an instance the price of cash wheat The arbitration arbitra-tion committee fixed the settling price at 35 at which figure opera tom were ordered to make good their differences In anticipation i j of the report of the committee the matter was carried into court and the board of trade enjoined the committee I com-mittee attempting to discipline members for failure to pay the differences dif-ferences and to restrain any action tending to deprive them of board membership An allegation was urged in the court to the effect that the market had been cornered and I that the transactions were of a gambling nature To this the i board of trade objected citing the board rules as sufficient under which to discipline board members mem-bers Telower court decided that members were amenable to the rules of the board and that the court could afford them no relief from an obligation voluntarily taken ia joining the board The supremecourt sustained this view Mr Armour who was alleged to have engineered the supposed corner said that no defense had been > urged to the allegation that the market had been manipulated so as to definitely settle the question whether contracts could be inval idated on the board even though the fact of a corner be transparent and notorious Armour seemed elated over the result and declared it made contracts on the board hereafter no matter of what nature i binding and would cause an end to the litigation over disputed deals I The result caused considerable excitement ex-citement on change this morning |