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Honolulu Star Bulletin
Honolulu, Honolulu County, Hawaii
What is this article about?
In New York, a telephone clerk for a Broadway brokerage firm is to be promoted to full membership in the New York Stock Exchange, the second such instance for a uniformed employee in two weeks, attributed to heavy securities business.
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NEW YORK, N. Y.-The removal of class barrier to the stock exchange, which in the past has been considered rather as an exclusive club with a limited membership, was emphasized through the announcement that a telephone clerk for a Broadway brokerage firm is to be advanced to full membership on the board as soon as arrangements for the purchase of the seat have been completed. This is the second instance in two weeks in which a uniformed employee of the exchange has become a full member. One reason ascribed for the promotion of employees is the heavy business done in securities. Messengers and telephone clerks of long experience at once become assets to their firms without a period of "breaking in."
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Where did it happen?
Domestic News Details
Primary Location
New York, N. Y.
Outcome
promotion to full membership upon purchase of seat; second instance in two weeks for uniformed employees.
Event Details
The announcement highlights the removal of class barriers in the exclusive New York Stock Exchange, with a telephone clerk advancing to full membership as soon as seat purchase arrangements are completed. This is due to heavy securities business, making experienced employees valuable assets without needing break-in periods.