Chicago Board of Trade v. Christie Grain

Chicago Board of Trade v. Christie Grain
Chicago Board of Trade v. Christie Grain
Seal of the United States Supreme Court.svg
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
Case opinions
Majority Holmes, joined by Fuller, Brown, White, Peckham, McKenna
Dissent Harlan
Dissent Brewer
Dissent Day

Chicago Board of Trade v. Christie Grain, 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:

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

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