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actual amount appears association Board of Trade bought broker bushels called cash cents charge Chicago Board City clearing house closed commission house complete connection consideration contract corn correspondents course dealing delivered delivery deposit difference direct directors effect elevator exchange executed fact firm follows future contracts future trading grade grain hedging important interest involved leased less loss lots margin matter means method Minneapolis month nature necessary notice obtained offices open trades Operated option party payment possible practice private wires private-wire purchase quantity question quotations reason receipts received reference regards regular relation result rules sell settled settlement sold specific speculative street substitution telegraph telephone tion transactions transfer usually volume warehouse wheat
Página 287 - ... 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.
Página 220 - 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.
Página 330 - That it shall be unlawful for any corporation, association, co-partnership or person to keep or cause to be kept within this State any...
Página 220 - 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...
Página 332 - ... 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.
Página 322 - 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.
Página 262 - 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...
Página 271 - ... is guilty of a misdemeanor, and shall be punishable by a fine...
Página 288 - 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.
Página 331 - 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...