Keystone Steel & Wire Co. v. Price Iron & Steel Co.

The Keystone Steel and Wire Company, an Illinois corporation, started a suit in the circuit court of Peoria county, against the Price Iron and Steel Company, an Illinois corporation, with its main office in Chicago, Illinois. The suit was for damage for the defendant’s failure to furnish scrap steel, as provided in the contract between the parties. It is alleged in the complaint that the parties entered into a contract whereby the defendant agreed to sell, and the plaintiff agreed to buy certain scrap iron, but that the defendant had defaulted in its contract and failed to supply the iron as…