oil.

down
watered
contained
other
the
and
full
half
was
one
empty,
were
two
stored,
was
oil
the
which
in
tanks
four
of
that
contended
It Allied.
to
vanced
ad-
million
$15
for
security
collateral
as
oil
the
held
had
it
that
complaint,
court
a
in
said
firm,
exporting
York
New
Co.,
Bunge
The mystery.
a
be
to
continued
tanks
storage
from
oil
soybean
of
pounds
million
161
of
most
of
rance
-
reported
The slumped.
-
delivery
future
for
-contracts
futures
oil
ble
vegeta-
for
prices
and
snag
a
hit
deal
wheat
the
But concluded.
was
wheat
U.S.
buy
to
deal
Russia's
once
oil
for
market
the
enter
would
countries
bloc
Soviet
that
anticipation
in
was
futures
oil
table
vege-
in
buying
heavy
The business.
do
to
position
no
in
were
they
that
extent
an
such
to
tion
condi-
financial
brokers'
two
the
impaired
money
the
up
put
to
inability
Allied's
said
exchange
York
New
The Link
Sale
Wheat $610,000.
for
Beane's
and
Williston
and
million
$18
for
was
call
Haupt's buyer.
heavy
a
been
had
It
which
of
futures,
cottonseed
and
oil
soybean
of
prices
the
in
drops
sharp
cover
to
-cash
margin
more
for
Beane
and
Williston
and
Haupt
by
calls
meet
to
unable
been
had
It Tuesday.
bankruptcy
for
filed
N.J.,
Bayonne.
of
Co.
Refining
&
Oil
Vegetable
Crude
lied
Al-
when
began
difficulties
financial
brokers'
two
The Haupt.
of
suspension
announced
also
Exchange
Mercantile
go
Chica-
The
firm.
the
pended
sus-
again
earlier,
Haupt
reinstated
had
which
Trade,
of
Board
Chicago
The public."
the
and
customers
our
of
interest
best
the
in
act
to
industry
our
of
desire
keen
the
to
tribute
great
a
is
Lynch
Merrill
and
Walston
by
action
this
feel
we
that
publicly
state
to
wish
"We said.
Beane
us,"
of
support
in
public
the
and
firms
these
of
confidence
the
by
fied
grati-
immensely
are
"We Smith.
and
ner
Fen-
Pierce,
Lynch,
Merrill
and
Co.
&
Walston
houses,
brokerage
other
two
by
advanced
was
requirements
Exchange
York
New
meet
to
firm
the
enabled
that
capital
new
the
of
part
said
man,
chair-
Beane,
C.
Alpheus broker.
another
to
tions
transac-
out
farming
been had
It
own.
its
on
business
doing
started
mediately
im-
Beane
and
Williston firm.
the
through
business
do
to
unable
were
traders
and
frozen
were
accounts
Its
Haupt.
for
outlook
the
to
regard
in
continued
Confusion exchange."
the
of
requirements
capital
the
meets
now
it
as
much
inas-
immediately
effective
reinstated
been
has
20,
Nov.
suspended
was
which
zation
organi-
member
Inc.,
Beane,
and
Williston
R.
"J. read:
It
p.m.
12:26
at
tape
ticker
the
on
nouncement
an-
reinstatement
its
flashed
exchange
York
New
The futures.
oil
table
vege-
in
trading
s
customer
a
over
tangle
dollar
million
multi-
a
of
because
nesday
Wed-
exchanges
American
and
York
New
the
on
ges
-
trading
of
stripped
were
s
m
r
i
f
two
The accounts.
20,000
serves
which
Co.,
&
Haupt
Ira
firm,
suspended
other
the
cerning
con-
taken
was
action
No customers.
9,000
with
house
old-line
an
Inc.,
Beane,
and
Williston
R.
J.
to
restored
were
privileges
Trading exchanges.
stock
American
and
York
New
the
by
Friday
reinstated
was
troubles
cial
finan-
of
because
suspended
firms
brokerage
big
two
of
-One
(M
YORK
NEW Reports
Exchange
N.Y.
Requirements,
Capital
Meets
Now
Brokerage
Line
Old Beane
and
Williston
Reinstates
Board
Big Vinance & 11
Copyright Times Mirror Company Nov 23, 1963
Business & Finance Big Board Reinstates Williston and Beane