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Show Peavey Grain Company Is Going Out of Futures i Chicago, July ll C. W. Lane, associated with James Pettit as manager man-ager of the commission branch of tne Peavey Grain company, said last night that the main office in Chicago Chi-cago dealing in future commissions, as well as all the branch offices of the company engaged in the same form of trade located in Buffalo, New York city. St Louis and Minneapolis Minne-apolis would be discontinued at once as a result of Pettlfs death The Chicago Chi-cago office of the Peavty Grain coni-pan, coni-pan, ho said, would merely be taking care of the South Chicago elevators i and other country elevators tributary to Chicago. 'We are retiring from the future commission busintss because Mr Pet-tit Pet-tit wn, the only manconnected with the Peavey Grain companv who was familiar enough with the future market mar-ket in Chicago to operate tho entire commission business of the comanv. The Chicago speculative market is different from that of any other section sec-tion of .the count-v and we had no one to take Mr Pettk's place "Then again, we are cash grain people, and we operate grain warehouses ware-houses and country grain electors. That is our original field and ui are going back to It exclusively." "I don't "believe they can get any one to take Peat's place," said an old operator on the board of trade lact night "Ife was a wonder. He was quick ajg , chain liehtjiiing. lie had spreids between " Chicago and Minneapolis, " Chicago and Kansas City and St. Louis which means long in one city and short in thp other and his knowledge and quickness en (Continued on Page Eight ) oo H CLOSING OF BIG CONCERN H (Continued from Paso One.) H abled him to handle these delicate H dealings." H Mystery as to Death. H Chicago, July 11. Mystery in the H death of James E Pettit, whose flnan- H clal difficulties came to light last H night, was probed further today when M Interested insuranco officials asked H Deputy Coroner Conrad of Waukegau H for a re-opening of the inquest and HL a post-mortem examination to doter- H mine whether death was from drown- Hj ing as was reported, or some other I cause. The news of Pettlt's death caused a stir In banking circles, and a mcot- h Ing of tho committee of bankers, hav- H ing the dead broker's aaffirs in hand, H was called. The committee will en- H deavor to learn the exact amount of H Pettit's debts, variously estimated at H from $750,000 to twice that much H On the board of trade, the Peavey H brokers were busy in the pit clostug B out accounts or transferrins them as k n preliminary to the closing up of t the Chicago end of the commission H . business. H OO |