Moore v. New York Cotton Exchange

(after stating the facts as above). It appears that the New York Cotton Exchange provides an exchange room in the city of New York where its members meet and make contracts for themselves or as brokers for customers, for the purchase and sale of cotton for future deliveries. Their transactions aggregate many million bales of .cotton annually. The contracts are made on the Exchange between 10 a. m. and 3 p. m. by open viva voce'bidding. It claims that the knowledge of the prices upon which these contracts are based constitute a peculiar kind of property and that their value depends on the…