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actual amount appears association Board of Trade bought broker bucket bushels called cash cent charge Chicago Board City clearing house closed commission house connection consideration continuous contract corn corner correspondents course court dealing deliver delivery difference direct directors effect exchange executed fact firm follows future contract future trading gambling grade grain hedging important intent interest less losses lots margin matter means method Minneapolis month nature necessary oats obtained offices operations option party person possible practice present principal private wires private-wire purchase quantity question quotations reason receipts received reference regards relation result rules sell seller settled settlement situation sold specific speculative substitution telegraph telephone tion transactions transfer volume wheat
Page 289 - ... the other the difference between the contract price and the market price of the goods at the date fixed for executing the contract, then the whole transaction constitutes nothing more than a wager, and is null and void.
Page 222 - A contract to sell or a sale of any goods or choses in action of the value of five hundred dollars or upwards shall not be enforceable by action unless the buyer shall accept part of the goods or choses in action so contracted to be sold or sold, and actually receive the same, or give something in earnest to bind the contract, or in part payment, or unless some note or memorandum in writing of the contract or sale be signed by the party to be charged or his agent in that behalf.
Page 332 - That it shall be unlawful for any corporation, association, co-partnership or person to keep or cause to be kept within this State any...
Page 222 - That no contract for the sale of any goods, wares and merchandise, for the price of ten pounds sterling or upwards, shall be allowed to be good, except the buyer shall accept part of the goods so sold and actually receive the same or give something in earnest to bind the bargain, or in part...
Page 334 - ... be terminated, closed or settled according to, or upon the basis of the public market quotations of prices made on any board of trade or exchange upon which such commodities or securities are dealt in, and without intending a bona fide purchase or sale of the same ; or, 2.
Page 324 - That any person who willfully hoards any necessaries shall upon conviction thereof be fined not exceeding $5,000 or be imprisoned for not more than two years, or both.
Page 264 - Exchange, upon which the commodities or securities referred to in such contracts, agreements, trades or transactions are dealt in, and without a bona fide transaction on such Board of Trade or Exchange...
Page 273 - ... is guilty of a misdemeanor, and shall be punishable by a fine...
Page 290 - The fact that they can be and are set off sufficiently explains the possibility, which is no more wonderful than the enormous disproportion between the currency of the country and contracts for the payment of money, many of which in like manner are set off in clearing houses without any one dreaming that they are not paid, and for the rest of which the same money suffices in succession, the less being needed the more rapid the circulation is.
Page 333 - State any bucket-shop, office, store or other place, wherein is conducted or permitted the pretended buying or selling of the shares of stocks or bonds of any corporation, or petroleum, cotton, grain, provisions or other produce, either on margins or otherwise, without any intention of receiving and paying for the property so bought, or of delivering the property so sold...