Webb v. Newhall

Opinion by

Mr. Justice Wauling,

Arnett & Company were stock brokers in Philadelphia and, on December 4, 1920, the plaintiff, William B. Webb, ordered them to sell his one hundred and fifty shares of common stock of the United Gas Improvement Company, which they did for $4,493.25, net, and deposited the same in their general bank account in The Pennsylvania Company for Insurances on Lives & Granting Annuities. The: brokers promptly sent plaintiff a statement of the transaction and their check on said company for the amount; payment of which was refused when demanded on December 13, 1920, as on…