Estes v. Garrison
Supreme Court of Louisiana
Appeal from First Judicial District Court, Parish of Caddo; J. R. Land, Judge. Action by W. Collier Estes against J. H. Garrison and others. Judgment for defendants, and plaintiff appeals.
1Opinion of the CourtSommerville, J.
Plaintiff, a futures broker in the city of Shreveport, bought on the order of defendants, J. H. Garrison & Son, of Garrison, Tex., 20,000 bushels of May wheat on February 9, 1916, at $1.30, and he sold the wheat on February 29, 1916, 10,000 bushels at $1.10%, and 10,000 at $1.10% cents, the loss being $3,297.50, for which amount plaintiff sued defendants.
Defendants answered, averring that it was agreed and understood between the plaintiff and defendants at the time of the purchase referred to that they (defendants) had a margin to their credit with the plaintiff, with *427whom they had been doing…
2Cases cited1 opinion
- Winston v. LongshoreSupreme Court of Louisiana · 1906
3Cited by1 opinion
- Kohlmeyer and Company v. SobertLouisiana Court of Appeal · 1973