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. Barton v. Morris, 10 Phila. (Pa.) 361. This was formerly an indictable offense In England, but is now abolished by St 7 & 8 Vict c. 24. 4 Steph. Comm. 201, 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.”