Word: williston
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Dates: during 1960-1969
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...waves traveling across the U.S. and even overseas. The London stock market fell last week on news that some London banks had put money into Ira Haupt, and others into British companies that contracted for large amounts of oil from Allied. In Manhattan the brokerage house of J. R. Williston & Beane, which lost heavily in its dealings with Allied, had to be merged into the stronger Walston & Co. And in Chicago, authorities refused an operating license to Oak Crest Refining Corp., a venture in which DeAngelis is one-third owner, on grounds that one of the officers was associated with...
...pony up enough cash to make up the drop in price of the commodities. Unable to pay, DeAngelis last week took refuge in bankruptcy, leaving his hapless brokers stuck with his immense debt. His action shattered the well-established brokerage firms of Ira Haupt & Co. and J. R. Williston & Beane, triggered a Securities and Exchange Commission investigation and raised once more some serious questions about how Wall Street's professionals conduct their business...
DeAngelis was into Ira Haupt for at least $18 million, and Williston & Beane for $1,610,000. When the oil prices fell sharply and DeAngelis could not meet his margin calls, neither firm had the ready cash to pay off his debts. The New York Stock Exchange-and later the American Exchange-ruled that since neither firm could meet the capital requirement to do business on the exchange, both would be barred from all trading. After two days of scurrying about, Williston & Beane raised the money it needed and won reinstatement. At Ira Haupt, the situation was much more desperate...
Several members of the Radcliffe administration have expressed enthusiasm for the HSA project. President Bunting says she approves of the bus as another move in bringing Harvard and Radcliffe closer together. Catherine D. Williston, Dean of North House, added that she would like to see a late bus pick up girls from Radcliffe library when it closes...
Catherine D. Williston, Associate Dean of Radcliffe, stated that this year's drop in the number of 'Cliffies accepting sophomore standing is "just a standard yearly fluctuation." More girls were eligible for advanced standing this year than last, however, "Entering students are much better prepared each year," she said, "but this fact is not always reflected in advanced standing and advanced placement figures...