Forestalling The Market

Defined in 4 dictionaries — Cyclopedic (1922), Bouvier (1914), Black's (1910), Black's (1891)

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

Buying victuals on their way to the market before they reach it, with the intent to sell again at a higher price. Cowell; Blount; 4 Bl. Comm. 158. Every device or practice, by act, conspiracy, words, or news, to enhance the price of victuals or other provisions. 3 Inst. 196; Bac. Abr.; 1 Russ. Crimes, 169; 4 Bl. Comm. 158; Hawk. P. C. bk. 1, c. 80, § 1. See 13 Viner, Abr. 430; 1 East, 132; 14 East, 406; 15 East, 511; 3 Maule & S. 67; Dane, Abr. Index.

Bouvier's Law Dictionary and Concise Encyclopedia

John Bouvier; revised by Francis Rawle · 1914

Buying victuals on their way to the market before they reach it, with the Intent to sell again at a higher price. Cowell; Blount; 4 Bla. Com. 158. Every device or practice, by act, conspiracy, words, or news, to enhance the price of victuals or other provisions; Co. 3d Inst. 196; 1 Russ. Crl. ICO; 4 Bla. Com. 168. See 13 Viner, Abr. 430; 1 East 132; 3 M. & S. 67. At common law, as well as by staL 6 & 6 Edw. VI. c. 14, this was an indictable offence against public trade, but since the stat. 7 & 8 Viet. c. 24, the practice of forestalling is no longer illegal. See Engross. In the United States forestalling the market takes the form of “corners” or of “trusts,” which are attempts by one person or a conspiracy or combination of persons to monopolize an article of trade or commerce, or to control or regulate, or to restrict its manufacture or production in such a manner as to enhance the price; Wright v. Crabbs, 78 Ind. 487; Arnot v. Coal Co., 68 N. Y. 658, 23 Am. Rep. 190. See Restraint of Trade.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

The act of the buying or contracting for any merehandise or provision on its way to the market, with the intention of selling it again at a higher price; or the dissuading persons from bringing their goods or provisions there; or persuading them to enhance the price when there. 4 Bl. Comm. 158. Barton v. Morris, 10 Phila. (Pat) 361. This was formerly an indictable offense in England, but is now abolished by St. 7 & 8 Viet a 24. 4 Steph. Comm. 291, note. Forestalling differs from "engrossing," in that the latter consists in buying up large quantities of merchandise already on the market, with a view to effecting a monopoly or acquiring so large a quantity as to be able to dictate prices. Both forestalling and engrossing may enter into the manipulation of what is now called a "corner."

A Dictionary of Law

Henry Campbell Black · 1891

The act of the buying or contracting for any merchandise or provision on its way to the market, with the intention of selling it again at a higher price; or the dissuading persons from bringing their goods or provisions there; or persuading them to enhance the price when there. 4 Bl. Comm, 158. This was formerly an indictable offense in England, but is now aboiished by St. 7 & 8 Vict. c. 24. 4 Steph. Comm. 291, note.