In re Newburger

By a stipulation dated December 13, 1929, it was agreed that a controversy between respondent and petitioners growing out of the sale of 100 shares of Grand Union preferred stock, made by petitioners on November 14, 1929, should be submitted to arbitration under the rules of the American Arbritration Association.

This sale was questioned by respondent on the ground that one Hagan, with whom he dealt, agreed to adjourn it for a day in order to give' respondent an opportunity to procure additional margins. Mr. Hagan not only testified that there was no such agreement but stated that he told…