Personnel

Last week the following was news: Six years ago the New York Stock Exchange, casting about for a bright young assistant secretary, lifted Dean Kirkham Worcester out of the investment department of Farmers Loan & Trust Co. Handsome, moose-tall Dean Worcester, who married a daughter of Novelist Arthur Train, had graduated from Yale and Massachusetts Institute of Technology to become an engineer for New York Telephone Co. As assistant secretary he distinguished himself at the Stock Exchange early in Depression as a crack trouble-shooter and inside man. In 1930 he was made an officer and director of New York Quotation Co. Last week the Stock Exchange governors promoted Dean Worcester, 37, from assistant secretary to the new post of executive vice president. As such he will be the No. 1 administrative officer of the Stock Exchange.

Last week Stock Exchange President Charles R. Gay, taking his new administrator with him, went to Washington to call on the Securities & Exchange Commission, met Chairman Joseph P. Kennedy for the first time. As if to emphasize his promises of cooperation, President Gay announced that the Stock Exchange was closing its "Washington Embassy," a colonnaded house on aristocratic Tracy Place which onetime President Richard Whitney used as a lobby base to fight passage of the Securities & Exchange Act.

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