Word: newarks
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...that was needed was a new home. President Whitney stopped off in Newark on his way in from Far Hills one morning to inspect Mayor Meyer Ellenstein's Centre Market, a big city-owned white elephant used partly as a parking garage. Mayor Frank Hague of Jersey City showed Founder Froelick Pennsylvania R. R.'s terminal. Real estate boomlets sprang up in both cities as brokers fought for options on office space. Finally President Whitney picked Newark's Centre Market for the exchange proper and Jersey City's Pennsylvania Terminal- equidistant between the old floor...
...same day Mayor Meyer C. Ellenstein of Newark, N. J. wrote Mr. Whitney a letter inviting the New York Stock Exchange to move across the Hudson River. Governor A. Harry Moore of New Jersey seconded the invitation with the promise that New Jersey would place no taxes on brokers...
...William Freiday and other partners of the brokerage firm of J. Robinson-Duff & Co. applied to New Jersey for the incorporation of an exchange at Newark to be known as the National Stock Exchange. They announced the intention of offering seats to members of the New York Stock Exchange, reported that 15 brokerage houses were prepared to take memberships...
Last week another famed newspaper got out an anniversary number: the Newark, N. J. Evening News, aged. 50. Founded by the late Wallace Mcllvaine Scudder, philanthropist, attorney, onetime engineer, the first issue contained a full account of the trial of Frank James, brother of Bandit Jesse James. The issue sold 10,000 copies. Now owned by Founder Scudder's son, the News sells 150,000 copies...
Three years ago C. William Glose, 32, vice president of Philadelphia's Airport Development & Construction Co., was killed in an airplane crash near Tampa. His wife and three children sued Curtiss-Wright Flying Service, Inc. for $200.000. A Newark District Court jury awarded her $56,000; the judge cut it to $40.000. Curtiss-Wright appealed on the grounds that: i) Mr. Glose had automatically limited damages to $10,000 by accepting the printed form ticket; 2) as the plane's sole passenger he had "chartered" it; and 3) there had been no negligence on the part of Pilot...