Anderson v. City of New York

Prior to his death on March 24, 1937, John Anderson did business under the trade name of Ancon Co. On bis death his widow, Emma Anderson, continued business under the same trade name, she being the sole beneficiary under her husband’s will. Between March 1, 1937, and March 27, 1937, the defendant issued six open market orders to the Ancon Co. Such orders are permissible where the amount initially involved is $1,000 or less and appropriate authority has been given for their issuance. The issuance of these open market orders was properly authorized. They were issued for the use of certain…