People v. Wade

The defendant is charged with a violation of section 384' of the Penal Code, which makes it a misdemeanor to keep a gambling and betting establishment.

The transactions complained of as constituting gambling were based wholly upon the fluctuations of stock dealt in by the New York Stock Exchange.

The defendant carried on business at No. 50 New street, New York, under the name of “ Colonial Stock and Grain Co.” His place of business consisted of a room, in which there was. a large blackboard on one side thereof, whereon prices of stock were marked as they were received from the stock quotation…