USCA4 Appeal: 25-1892
Doc: 16
Filed: 10/15/2025
Pg: 96 of 97
in the market prices at which said commodities … are, or purport to be, bought and sold .” Wash. Code § 8932 (1919). W EST V IRGINIA x “If any person shall carry on in this State what is commonly known as a bucket shop, or act as agent for any person, firm or corporation carrying on such business, or engage in transactions for the purchase or sale for others of grain, provisions, … or oth er property wherein the parties thereto or the broker intend that such transaction shall be settled according to the public market quotations on any board of trade or exchange , or intend that such transaction may be deemed terminated when such public market quotations shall reach a certain figure, or intend that such property shall be resold before or at the time fixed in such transaction for the delivery of such property and that the difference between the contract price and the market price thereof shall be paid or received without the prior receipt or delivery of such property under the former sale , he shall be guilty of a felony, and, upon conviction thereof, shall be confined in the penitentiary not less than two nor more than five years.” W. Va. Code, ch. 61, art. 10, § 18 (1930). W ISCONSIN x Outlawing bucket shops, which are “defined to be an office, store or other place wherein the proprietor or keeper thereof … conducts the business of making, or offering to make, contracts, agreements, trades or transactions respecting the purchase or sale, or purchase and sale, of any [ ] grains, provisions or other commodity … wherein both parties thereto, or said proprietor or keeper, contemplate or intend that such contracts, agreements, trades or transactions shall be, or may be, closed, adjusted 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 the commodities … referred to in such contract, agreements, trades or transactions are dealt in, and without a bona fide transaction on such board of trade or exchange .” Wis. Stat. §§ 348.175-348.178 (1929).
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