The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-11-19
CURB TRADERS SPLIT
OVER NEW BUILDING
Non Members of Association
Plan to Con tinue Dealings
In Broad Street.

While tho New York Curb Market AS
socia ton Is going ahead with its plans
for the construction OF a new building
on Trinity place, a group OF traders In
the outside market who. for the most
part, are not members OF the associa-
ton are planning to maintain the mar
ket In which they are now operating In
Broad street As result lively little
controversy has developed between the
two factions. A meeting OF the nom
member group attended, II was said
yesterday by about 200 persons. was
held and Thomas Cook. an outside mar
ket trader for years. was made chairman
of a committee TO handle the affairs OF
the group The other members Of the
committee will be chosen by the chair
man.
Many OF these traders. II was given
out feel that the outside market should
be maintained even after the Curb AS
ISOLATION takes It's listed stocks to Its
new building. Numerous stocks and
bonds which are not on the officially
will not be taken Inside the new build
ing These stocks, according TO one
member OF the non-member group. will
continue to find their market In Broad
street and any other issues In which the
group may wish to trade.
Some time ago the Board OF Represen-
tatives of the New York Curb Market
Association adopted a resolution prohib-
ting members from clearing stocks for
non-members as had been the practice
for years This step. a member of the
Curb Associations Welfare Committee
said was one OF the FIRST moves In the
cleanup process which the associs ton
recognizes must take place before the
market Is moved indoors. Some undo
sirable traders will be eliminated from
trading
More than year ago. during the off,
cial Investigation OF the Curb market.
some officials were quoted as saying
that II the Curb Association erected a
building and took its regularly listed
market indoors the city would forbid OBJ
strutioE OF the street and fndica ting poor
prospects for continue tisn Of an outside
market. Whether the present aSninis-
tratisn will follow this Is not known TO
the traders One Of their number said
yesterday that some years ago. whom q
controversy TOOK pace DctWssn tns CITY
OF New York and the New York Stock
Hxchanre relative to the listing OF one
of the city's bend issues. the sunicfssl
authorities took the issue to the Curb.
whore q market was created for 1t. and
that since that time the authorities have
been inclined to look with moro or less
favor upon the outside market
Shsuls the city authorities remove the
market from Broad street after the reg
ular Curb Association he's gone indoors,
merchant in the ixhserhsod has an
nosncad that he will sffs the curb men
trading space under roof Other mer-
chants, particularly those conSucting
cigar stores, soda fs~ntalns &c. are
avsrse to removing the outside market
because Of the large volsxss Of business
brought to that district every day. Not
only Is this business recruited from the
Curb mSasbsrs md thsr hspg~rs-sn, but
from visitors to the city. many OF whom
20 to see the Curb market In full swing.
Another meeting Of the non-member
group will take place soon. Members OF
the association are not giving much at
tention to the movement.