Cone Mills Corporation v. AG Estes, Inc.

ORDER

ALBERT J. HENDERSON, Jr., District Judge.

This is a civil diversity action for breach of contract seeking, originally, a declaratory judgment, specific performance and injunctive relief. The plaintiff alleges that the defendant Dabbs Enterprises, Inc. (hereinafter referred to as “Dabbs”), entered into a contract with the defendant, A. G. Estes, Inc. (hereinafter referred to as “Estes”), a cotton merchant, for the sale and future delivery of its 1973 cotton crop at a price of 12 cents per pound above the government loan value. Estes, in turn, contracted to sell that future crop to the…