In re the Arbitration between Friedstrass Co. & Livingston

Petitioner, the Friedstrass Company, Inc., applies for a stay of arbitration proceedings pursuant to subdivision 2 of section 1458 of the Civil Practice Act.

The petition states that the petitioner was engaged in the wholesale business of selling appliances, housewares and garden supplies for a number of years, maintaining a warehouse in New Brunswick, New Jersey. On January 1, 1957 it closed its warehouse and sold its warehouse inventory to another corporation named Leeds-Fox, Inc. The latter corporation conducted a wholesale warehouse business in Brooklyn, New York, and at times prior…