Haines v. Biddle

Opinion by

Mr. Justice Drew,

In the middle of October, 1929, plaintiff visited the offices of the defendant brokers, seeking advice on the sale or retention of the securities she then had. As a result of a conference with one of defendants’ salesmen she gave orders to sell certain bonds and to apply the proceeds to the purchase of ninety-four shares of the Class A Common Stock of the Public Utilities Consolidated Corporation. We must assume that the relationship was one of principal and agent. The bonds were sold and the stock purchased, fifty-four shares being furnished by defendants and forty…