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IN RE ROSENBAUM GRAIN CORPORATION

No. 7110.

112 F.2d 315 (1940)

In re ROSENBAUM GRAIN CORPORATION. LEONARD et al. v. NAIRN.

Circuit Court of Appeals, Seventh Circuit.

May 22, 1940.

Attorney(s) appearing for the Case

W. Ward Smith, of Chicago, Ill. (Ernest May, of Fort Worth, Tex., of counsel), for J. M. Leonard and O. P. Leonard, claimants-appellants.

George E. Q. Johnson, Luther D. Swanstrom, Walter E. Wiles, and Wm. B. Basile, all of Chicago, Ill., for appellee.

Before SPARKS, TREANOR, and KERNER, Circuit Judges.

KERNER, Circuit Judge.

In this case the appellants J. M. Leonard and O. P. Leonard are marginal grain customers of the debtor Rosenbaum Grain Corporation. These customers filed priority claims against the estate of the debtor commodity broker. In its order the District Court denied appellants priority of payment and relegated them to the position of general creditors. From this order the appeal here was taken.

On certain days in February, March and April of...

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