State v. Clayton.
Supreme Court of North Carolina
INDICTMENT against M. T. Clayton, beard by Judge R. B. Peebles and a jury, at the April Term, 1905, of the Superior Court of Peeson County. Erom a judgment of guilty upon a special verdict, the defendant appealed.
1Opinion of the CourtClark, C. J.
This is an indictment under chapter 221, Laws 1889, for the purchase, in Person County, this State, of 5,000 pounds of pork for future delivery upon a “margin” from a firm in Philadelphia. The special verdict finds that the pork was not to be actually delivered, but that settlement was agreed to be made upon the difference in value of said pork on July 1, 1905 ; that the defendant is a dealer in wholesale merchandise and that he purchased said pork on a “margin” to protect his contract with customers who had purchased, pork from him for actual delivery at a future date. That is, as we…
2Cases cited3 opinions
- Irwin v. WilliarSupreme Court of the United States · 1884
- Bibb v. AllenSupreme Court of the United States · 1893
- Clews v. JamiesonSupreme Court of the United States · 1901
3Cited by10 opinions
- State v. . HallSupreme Court of North Carolina · 1894
- Huff v. StateSupreme Court of Arkansas · 1924
- State v. TickleSupreme Court of North Carolina · 1953
- Burns v. . TomlinsonSupreme Court of North Carolina · 1908
- Rodgers, McCabe & Co. v. BellSupreme Court of North Carolina · 1911
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