Not till 1939 did the New York Curb Exchange hire its first paid president. Three years later, trading had fallen into such doldrums (average daily volume: 79,400 shares) that it could no longer afford this luxury. But business has improved so much since then (daily volume is up to 516,700 shares) that Curb members decided last week to try again. Their choice (at $40,000 a year) : Francis Adams Truslow,* one of Wall Street's most knowing securities lawyers and the Curb's own counsel since 1942.
When Francis Truslow takes over, March i, he will run the second largest securities market in...
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