Armstrong v. Bickel
Supreme Court of Pennsylvania
Appeal, No. 126, Oct. T., 1906, by defendant, from judgment of O. P. No. 1, Allegheny Co., Sept. T., 1901, No. 532, on verdict for plaintiffs in case of John D. Armstrong, Ancillary Administrator of L. R. Bacon, and John D. Armstrong, surviving partner of L. R. Bacon and John D. Armstrong, trading as Lathrop R. Bacon & Company,, v. Oharles Bickel. Assumpsit by a firm of brokers against their customer to recover a balance alleged to be due on a stock transaction.
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Appeal, No. 126, Oct. T., 1906, by defendant, from judgment of O. P. No. 1, Allegheny Co., Sept. T., 1901, No. 532, on verdict for plaintiffs in case of John D. Armstrong, Ancillary Administrator of L. R. Bacon, and John D. Armstrong, surviving partner of L. R. Bacon and John D. Armstrong, trading as Lathrop R. Bacon & Company,, v. Oharles Bickel. Assumpsit by a firm of brokers against their customer to recover a balance alleged to be due on a stock transaction. Before Maofarlane, J. In addition to the facts stated in the opinion of the Supreme Court it appeared that the order to purchase the…
1Opinion of the Court
Opinion by
Mr. Justice Brown,
The appellee, John D. Armstrong, and his deceased partner, Lathrop R. Bacon, were brokers doing business in Pittsburg and New York. The appellant was one of their customers, for whom they sold “ short,” in November, 1900, 200 shares of Northern Pacific Railway stock. They borrowed this stock, through Menzesheimer & Company, their New York correspondents, from Hertzfeld & Stern, a firm of brokers in that city. The “short” sales of the 200 shares of stock had been made at about $60.00 or $70.00 per share. In May, 1901, there was a most extraordinary rise in this…
2Cases cited1 opinion
- Bibb v. AllenSupreme Court of the United States · 1893
3Cited by5 opinions
- Mearns v. ChatardCourt of Appeals for the D.C. Circuit · 1918
- Berry v. ChaseCourt of Appeals for the Sixth Circuit · 1910
- Mahony, Trustee v. BoenningSupreme Court of Pennsylvania · 1939
- Berg v. FlickingerSuperior Court of Pennsylvania · 1909
- Kayser v. Estabrook & Co.Ohio Court of Appeals · 1974