Johnson v. John F. Clark Company

Opinion of the Court by

Commissioner Sandidge

Affirming in part and reversing in part.

Appellee, John F. Clark & Co., is engaged in the commission brokerage business with offices in Memphis, Tenn., and New Orleans, La. Certain members of the partnership own seats on the New York Cotton Exchange. Appellant, G-oalder Johnson, resides at Hick man, Fulton County, Ky. On February 5,1924, appellee, on appellant’s order, purchased for him on the New York Cotton Exchange 200 bales of cotton for May delivery. Subsequently other deals were made for him, some purchases, and some sales. The cotton market…