USCA4 Appeal: 25-1892
Doc: 16
Filed: 10/15/2025
Pg: 92 of 97
N EBRASKA x Outlawing bucket shops, which are defined, in relevant part, to be “office[s], store[s], board-of-trade room[s] , or other place[s] wherein the proprietor or keeper thereof … conducts the business of making or offering to make contracts, agreements, trades or transactions respecting the purchase or purchase and sale, of any [ ] grains, provisions, cotton or other co mmodity … wherein said proprietor or keeper or patron contemplates or intends that the contracts, agreements, trades or transactions shall be or may be, closed, adjusted or settled according to or upon the basis of the market quotations or prices made on any board of trade or exchange where there is competitive buying and selling, and upon which the commodities … referred to in such contracts, agre ements, trades or transactions are dealt in, and without a bona fide transaction on such board-of-trade .” Neb. Comp. Stat. §§ 28 -955, 28-959 (1929). N EW Y ORK x Outlawing bucket shops, which are defined to include places where a person “[m]ake[s] or offer[s] to make, or assist[s] in making or offering to make any contract respecting the purchase or sale … of any … commodities … intending that such contract shall b e terminated, closed or settled according to, or upon the basis of the public market quotations of prices made on any board of trade or exchange upon which such commodities … are dealt in, and without intending a bona fide purchase or sale of the same .” N . Y. Penal Law § 390 (1909). O HIO x “[I]t shall be unlawful for any corporation, association, chamber of commerce, board of trade, copartnership or person to keep or cause to be kept within this state any bucket shop, office or other place wherein is conducted or permitted the pretended buying or selling of … petroleum, cotton, grain, provisions or other produce … without any intention of receiving and paying for the property so bought, or of delivering the property so sold .” Ohio Gen. Code § 6934a-1 (1902).
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