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Word: firms (lookup in dictionary) (lookup stats)
Dates: during 1930-1939
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Usage:

Last week Colonel Albanus Phillips, the company's big, bluff founder-president, let the public in on what has always been a family-&-friends affair. Small issues of common and preferred stocks were offered by the Manhattan firm of Lehman Brothers. Out of the total proceeds of $1,895,000, about $1,200,000 will be used to pay off notes and bank loans, presumably incurred to finance the 5? soups. Balance will go into expansion, working capital, possibly introduction of a new brand of canned dog food...

Author: /time Magazine | Title: Business: Soup Stock | 4/13/1936 | See Source »

...Phillips celebrated what it was pleased to call its "Third-of-a-Century" anniversary last year, the company was primarily a vegetable packer with soup as a sideline. Publicity was largely confined to the personal activities of Colonel Phillips, who is a sedulous hunter, a determined Republican and a firm believer in the virtues of Horatio Alger. On one occasion when a Texas friend lost his favorite dog, Colonel Phillips dispatched a "blue-blooded" Irish setter to replace the loss, shipping the animal in a special plane piloted by "America's Flying Stenographer." Even better publicized was his wager...

Author: /time Magazine | Title: Business: Soup Stock | 4/13/1936 | See Source »

Last week because the Stock Exchange failed to suspend a member until after his firm was enjoined from further business by the Attorney General of New York, President Gay got his first taste of stern public criticism. Walter P. McCaffray & Co. got into trouble in an effort to bolster an affiliated concern called German American Securities Co. Inc. by lending it some $100,000 last summer. To raise part of that sum Walter P. McCaffray & Co. borrowed too freely upon its customers' securities. Meantime, according to the prosecuting attorney, German American was doing some highly irregular bookkeeping...

Author: /time Magazine | Title: Business: Police Work | 4/13/1936 | See Source »

None of this was known by the firm's floor member, Jerome T. Meighan. who is not to be confused with Michael J. ("Mike") Meehan, now being questioned by the Securities & Exchange Commission for alleged manipulation of stock in Bellanca Aircraft. Apparently responsible for the McCaffray finagling was Managing Partner William H. Hosford, who resigned last month. As soon as Floor Member Meighan learned about his partner's activities, he reported them to Stock Exchange authorities...

Author: /time Magazine | Title: Business: Police Work | 4/13/1936 | See Source »

...obtained last week did the gong on the rostrum above the floor of the Exchange bring trading to a halt for the formal announcement that Partner Meighan had been suspended for three years for "conduct or proceeding inconsistent with just and equitable principles of trade in that his firm . . . had engaged in reckless and unbusinesslike dealing. . . ." Later the New York Curb Exchange suspended McCaffrey's Curb members...

Author: /time Magazine | Title: Business: Police Work | 4/13/1936 | See Source »

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