Word: yorke
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Dates: during 1930-1939
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Soon a second, more elaborate announcement from Grover Aloysius Whalen reached Manhattan city desks. Remembering what he had not remembered before, Mr. Whalen called attention to "a major art project for the New York World's Fair of 1939" involving a Community Arts Centre, where workers in the arts will display the processes of painting, sculpture and printing. "Through these 'arts in production'," said Mr. Whalen, "we hope to bring home to the average man that a work of art is not something conceived on Olympus but is produced by people very much like himself...
...members of the Chicago Stock Exchange have lately had to content themselves with trading only 50,000 shares a day. * Hence the Chicago Exchange ranks behind the New York Stock Exchange, New York Curb and the Boston Stock Exchange as a securities market. Last week to prove that it ranks behind no U. S. market in progressiveness, the Chicago Exchange beat the New York Stock Exchange to a major reform proposal by 24 hours...
...months ago Chairman William O. Douglas of the Securities & Exchange Commission ticked off the "club" aspects of the New York Stock Exchange, declared that "no element of the Casino" could be allowed to survive, recommended such changes as hiring a paid president (TIME, Dec. 6). President Charles Gay of the exchange hastened to appoint a committee under Chairman Carle Cotter Conway of Continental Can Co. to consider Bill Douglas' suggestions...
...York Stock Exchange already had a rule against short sales "below'' the last price, SEC's action was not on its face of great importance. * More significant was SEC's remark that since the exchange's rule had not been effective, SEC would have to take over. Having thus prepared for a drag-out scrap Bill Douglas was surprised and pleased by the new exchange proposal. The Conway committee was made up of three exchange members, two nonmember partners and four outsiders, of whom one was New Dealer Adolf A. Berle Jr. and another, Publisher...
...Board of Governors would be reduced from the present 50 (42 exchange members and eight nonmember partners) to 32, of whom 15 would be members of the exchange, six nonmember partners of New York member houses, six from member firms not based in New York City, three representatives of the public, a president, a chairman...