Raisis v. Eisele & King, Libaire, Stout & Co.

Defendant is a stock brokerage concern and plaintiff was one of its customers. The controversy between them arises out of a short sale of 200 shares of E. L. Bruce Co. common stock, executed by defendant for plaintiff on April 25 and April 29, 1958. The stock thereafter rose in value and, beginning July 2, 1958, defendant made demands for additional margin. Following repeated demands, and some compliance, the stock was bought in by defendant, 100 shares on July 3,1958, at 11:00 a.m., at $111 per share, 50 shares at $120 per share at 1:33 p.m., the same day, and 50 shares on August 6,1958,…