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

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.

”

External links

text of judgment: Chicago Board of Trade v. Christie Grain

Categories

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Chicago Board of Trade v. Christie Grain