Chicago Board of Trade v. Christie Grain & Stock Co.

Chicago Board of Trade v. Christie Grain & Stock Co., 198 U.S. 236 (1905), was a decision by the United States Supreme Court, which upheld sales of American grain for future delivery provided for by the rules of the Chicago Board of Trade of the state of Illinois. Justice Oliver Wendell Holmes Jr. delivered the majority opinion of the court, in which he wrote:

Chicago Board of Trade v. Christie Grain
Supreme Court of the United States
Argued April 20, 24–25, 1905 Decided May 8, 1905
Full case name	Board of Trade of the City of Chicago, Petitioner v. Christie Grain & Stock Company and C. C. Christie L. A. Kinsey Company et al., Petitioners, v. Board of Trade of the City of Chicago
Citations	198 U.S. 236 (more) 25 S. Ct. 637; 49 L. Ed. 1031
Holding
The sales of grain for future delivery and the substitution of parties was upheld.
Court membership
Chief Justice Melville Fuller Associate Justices John M. Harlan · David J. Brewer Henry B. Brown · Edward D. White Rufus W. Peckham · Joseph McKenna Oliver W. Holmes Jr. · William R. Day
Case opinions
Majority	Holmes, joined by Fuller, Brown, White, Peckham, McKenna
Dissent	Harlan
Dissent	Brewer
Dissent	Day

People will endeavor to forecast the future and to make agreements according to their prophecy.

See also

• List of United States Supreme Court cases, volume 198

Further reading

• Boyle, James E. (1920). Speculation and the Chicago Board of Trade. New York: Macmillan.
• Levy, Jonathan Ira (2006). "Contemplating Delivery: Futures Trading and the Problem of Commodity Exchange in the United States, 1875-1905". American Historical Review. 111 (2): 307–335. doi:10.1086/ahr.111.2.307.

External links

• Works related to Board of Trade of the City of Chicago v. Christie Grain Stock Company at Wikisource
• Text of Chicago Board of Trade v. Christie Grain & Stock Co., 198 U.S. 236 (1905) is available from: Google Scholar Justia Library of Congress