Chatz v. Midco Oil Corp.

KERNER, Circuit Judge.

Plaintiff, as trustee in bankruptcy of Hoagland & Allum Co., Inc., brought this action against defendant to recover 2,000 shares of the common stock of Midco Oil Corporation, purchased from the bankrupt, but which, it is claimed, belonged to bankrupt’s customers.

The case was tried by the court without a jury. The court made special findings of fact, rendered its conclusions of law thereon, and entered judgment against the plaintiff. To reverse the judgment, plaintiff appeals.

For some ye-ars prior to 1938 Hoagland & Allum Co., Inc., was engaged in the *154stock brokerage…