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...when he expanded quickly and without funds. Last year I was temporarily silenced when Fox Film fought off receivership by selling $55,000,000 notes to mature in twelve months. Since then I have haunted Harley Lyman Clarke, who is president of Fox. Also I have haunted Halsey, Stuart & Co. and Pynchon & Co. who played close to Fox. If you fail to silence me, nobody else can. What are you going to do, Banker Wiggin, when those $55,000,000 notes fall...

Author: /time Magazine | Title: Business: Large Ghost Laid | 4/20/1931 | See Source »

...attendance are not available, Wall Street, judging by the market, did not agree with that opinion. Warner Bros. Pictures bonds may be bought for 50? to 60? on the dollar. Paramount Publix common stock yields almost 10% at its current price. Many mortgage bonds of Fox Theatres, sold by Halsey, Stuart & Co., can be purchased at between 50? and 70? on the dollar. Loew's common sells at less than 52 times earnings...

Author: /time Magazine | Title: Business: Large Ghost Laid | 4/20/1931 | See Source »

Withdrawal. Last year when Fox Film was hovering near receivership, its old bankers, Halsey, Stuart & Co., put up a marvelous fight. But this year Halsey, Stuart & Co. did not behave as intrepid ghost-layers should. On the eve of Mr. Wiggin's party an announcement was made that Halsey, Stuart & Co. had retired from the entire proceedings. Wall Street became a little more nervous. The ghost, it seemed, must indeed be a big ghost if Halsey, Stuart & Co. backed out, for the firm was one of the first houses to finance motion picture enterprises. Rumored as the chief reason...

Author: /time Magazine | Title: Business: Large Ghost Laid | 4/20/1931 | See Source »

Recruits, Banker Wiggin, however, had no idea of meeting the ghost alone. Hardly had Halsey, Stuart & Co. withdrawn than President Clarke called upon Fox's shareholders to elect six new directors. At the head of the list was Banker Wiggin, director of a myriad of mighty companies, also of less prosperous ones such as American Woolen, Armour & Co., International Agricultural Corp. Proposed to stand beside him were General Cornelius Vanderbilt, whose directorships include Chase National Bank, Illinois Central Railroad, and Saratoga Association for the Improvement of the Breed of Horses; Phillip Ream Clarke, president of Central Trust...

Author: /time Magazine | Title: Business: Large Ghost Laid | 4/20/1931 | See Source »

...Halsey, Stuart...

Author: /time Magazine | Title: Business: Bond Vendors | 8/25/1930 | See Source »

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