Word: sisto
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Dates: during 1930-1939
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...Sisto & Co. Last week the long-awaited figures on the position of J. A. Sisto & Co., insolvent, were disclosed. Assets came to $1,746.099 against liabilities of $1.455,064. Mr. Sisto placed his personal assets at $363.213, including life insurance policies with a cash value of $281,000, three automobiles worth a total of $4.000. Partner Norris Bates Henrotin listed personal assets of $151,190, including three automobiles totaling $600. Among the firm's creditors is its investment trust, Sisto Financial Corp. But the amount owed is only $34,860, a striking contrast to the amount Prince & Whitely owed...
...unable to pay current debts. How much Mr. Cosden was hurt by the drop was not known. There were rumors that last year he took advantage of the stock's wild move to sell some of his holdings. Badly hurt by the stock's earlier drop was J. A. Sisto & Co. (TIME...
...Sisto. No disclosure has been made regarding the affairs of Sisto Financial Corp., investment trust sponsored by the recently insolvent J. A. Sisto & Co. (TIME, Oct. 13). But creditors of the firm itself last week hoped for a payment of 50% in the immediate future, another 50% later. It was likewise understood that popular Joseph A. Sisto expected eventually to resume his business. Prince & Whitely, however, will be barred from joining the Exchange again, unless an entirely new set of partners decide there is still good-will left in the ancient and long honorable name of Prince & Whitely...
...especially violent in stocks in which Prince & Whitely were supposed to have an interest: Atlas Stores, Brockway Motor Truck, Hahn Department Stores, Kelvinator Corp., National Dairy Products. On the curb, Prince & Whitely Trading Corp. dropped from $7.50 to $.50 before rallying. Brokers pointed to the fact that J. A. Sisto & Co. which failed fortnight ago (TIME. Oct. 13) had had an investment trust, that both Sisto financial and Prince & Whitely trading had been formed near the peak of last year's bull market...
...soon as he heard the news, Mr. Sisto arranged to return to the U. S. In Wall Street where, boyish-looking, genial, he enjoys great popularity, the sympathy that would naturally be felt for him was heightened by the fact that he was known to have left believing all was well. Since a Stock Exchange house must be an indi vidual or partnership with one member on the Stock Exchange, not a corporation (with limited liability) , the bankruptcy of a firm means the bankruptcy of each and every partner...