Word: iras
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Still, his purchases were so enormous that he needed plenty of credit. He got loans from two old-line Wall Street brokers, Ira Haupt and J. R. Williston & Beane, who also handled his futures trading and pocketed commissions totaling up to $100,000 a month. For collateral, they took De Angelis' warehouse receipts for the nonexistent oil. In turn, the brokerage houses used this paper to borrow money from such eminent banks as Chase Manhattan and Continental Illinois...
...that day, the U.S. Senate broke off debate on the Russian wheat deal, and prospects looked dim. In the next 48 hours, soybean oil tumbled to 7.60. The commodities exchanges began pressuring Ira Haupt-by far the biggest broker for De Angelis-to put up another $14.1 million in margin to cover Tino's vast contracts. The Haupt brokers frantically called Tino for the money. But Tino could not make...
...brokers: D. R. Comenzo Co., a firm that handled some of De Angelis' futures' trading, has been reorganized under the Bankruptcy Act, owes about $8,000,000 to various banks, is struggling to pay off. Hapless Ira Haupt faces claims of $38 million, has itself sued American Express for $52 million...
...muse notwithstanding, art in the Western world is a commodity. In U.S. dollars, the timely tabulation takes place in the high temple of auctioneering, Manhattan's Parke-Bernet Galleries. When the collection of the late Wall Street stockbroker Ira Haupt went under the hammer last week, the question was: How fare the moderns...
Although visually engrossing throughout, Incident suffers from textual dullness at first but soon builds up steam. Four of the performances manage to convey fully rounded characters: Joseph Wiseman's intense and anguished psvchiatrist, Harold Scott's buffeted and sullen gypsy, Ira Lewis' adolescent boy (who disappoints only when he speaks), and Will Lee's old Jew (who utters not a word but seems to carry all of Jewish history in his aged frame...