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...recent years Pynchon & Co. entered the field of issuing securities. It has sponsored Utilities Power & Light of which Harley Clarke is president, also General Theatres Equipment. Inc. another Clarke-managed company. The recent decline in the shares of these two companies and of Fox Film Corp. are thought to have brought Pynchon & Co. to the breaking point. Other companies with which its name is associated include Consolidated Aircraft, American States Public Service, American Brown Boveri, Servel. As usual, Pynchon & Co. gave hope to creditors that not one cent would be lost, that even at present prices assets can meet liabilities...

Author: /time Magazine | Title: Business & Finance: Fall of Pynchon | 5/4/1931 | See Source »

...mismanagement of Fox Film Corp. I was created during the wild days of 1929 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 »

...Journal of Commerce, to vice president in charge of publicity (TIME, March 23). Swart Mr. Griswold is so familiar with the ways of the press that soon many items got them selves into newspapers, to the effect that the financing would be taken care of in due time. President Harley Clarke gave out an interview. "The motion picture business suffered remarkably little from the period of depression," said he. Al though reliable figures on motion picture attendance are not available, Wall Street, judging by the market, did not agree with that opinion. Warner Bros. Pictures bonds may be bought...

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

...appearance of a financial man in Fox publicity. Fox Film must soon raise between $55,000,000 and $75,000,000 to repay loans resulting from the frenzied finance of William Fox and the emergency financing of the reorganization in which William Fox ceased to direct Fox destinies and Harley Clarke succeeded him. Able is Mr. Clarke and varied are his interests (which include ownership of the second largest brickyard in the world), but depressed is the cinema industry and few are the cinema companies which can expect an eager rush of investors to purchase their securities. Keen, swart, mustachioed...

Author: /time Magazine | Title: Cinema: Trans-Lux | 3/23/1931 | See Source »

...bacterial invasion of the bladder," it was announced, "is due to influenza germs." Sir John Thomson-Walker, the Harley Street expert who was called in, said that Mr. Snowden must remain abed for "some weeks...

Author: /time Magazine | Title: Foreign News: Cystitis | 3/16/1931 | See Source »

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