American Cotton Mills v. Monier

SOPER, Circuit Judge.

R. H. Hooper & Co., a copartnership composed of citizens of New Jersey and Texas, trading as cotton brokers on the New York Cotton Exchange, brought this action as plaintiffs in the District Court against the American Cotton Mills, a North Carolina corporation, as defendant, to recover the sum of $4,331.72 with interest representing a balance claimed by the brokers to be due them from the corporation on certain transactions for tho purchase of cotton for future delivery. On April 15 and 16, 1930, the brokers were instructed by the corporation to purchase for its account…