In re the Arbitration between Gale & Hilts

Pécora, J.

On May 22, 1940, while respondent and petitioner were members of the New York Stock Exchange, the arbitration committee of said exchange rendered an award aga'nst respondent in the sum of $50,000, plus interest and costs. A motion was made .in this court to confirm the award, and, upon default by respondent, *278the award was confirmed and a judgment was entered on June 14, 1940, in favor of petitioner for the sum of $57,392.48.

The present motion is to open the default of respondent on the motion to confirm the award, to vacate the order and judgment entered after such default, and to…