Salad Oil Caper Leads to Massive Fraud Case
New York report details the Salad Oil Caper tied to Anthony DeAngelis, implicated in federal indictments and civil suits with losses running toward $200 million. The scheme used fake warehouse receipts and phantom tanks to obtain loans, funding futures speculation. DeAngelis, a major figure in the vegetable oil trade, refuses to talk as prosecutors pursue about $100 million in fraudulent receipts and $39.5 million in forged documents, with Harbor Tank Storage Co. among the injured parties.
MENTIONED IN THIS ARTICLE
New York
Brooklyn Bridge
Bayonne
Bangkok
Anthony
DeAngelis
Tino
Tino DeAnge
Harbor Tank Storage Co
Tino DeAngelis
Joseph Lomuscio
Midwest
N. J
Constable Hook
Bayonne Industries
American Express Field Warehousing Corp
Harbor Tank
Allied Crude Vegetable Oil Refining Co
Ray Sadler
Frank Vicenzio
American Express
Josephine Salto
Tina
Jr Williston & Beane
D. R. Comenzo & Co
Ralph N. Peters & Co
Chicago
Time
Continental Ilinois National Bank & Trust Co
Manager Named By Brooks
Melvin Weber named new plant manager of Middletown Garment Co by Robbie Brooks officials. Weber, 18 months with the firm as central engineering staff in Cleveland, now resides in Parklane apartments and moves to accelerate hiring. Middletown firm joined 25th anniversary observance of Bobbie Brooks Inc. May failures down 10 percent from 1963.
MENTIONED IN THIS ARTICLE
Melvin Weber
Middletown Garment Co
Robbie Brooks
Weber
Cleveland
Middletown
Parklane Apartments
Bobbie Brooks, Inc
Allied Crude Oil Debacle Triggers Broker Bankruptcies
The Allied Crude Vegetable Oil Refining Co collapse follows price drops and margin calls on Tino and broker Ira Haupt & Co. as warehouses, loans, and collateral unravel. Several firms suspend, merge, or face bankruptcy amid huge warehouse receipts and forged instruments.
MENTIONED IN THIS ARTICLE
Allied Crude Vegetable Oil Refining Co
Tino
Russia
Ira Haupt& Co
Ira Haupt
New York Stock Exchange
Procter& Gamble
Cincinnati
A. E. Staley
Decatur. l
Allied Crude
DeAngelis
American Express
Travel and Finance Company
American
Gray Ductile Iron Shipments Rise Across Foundries
Gray and ductile iron casting shipments in June rose to 76 percent of ideal capacity in the United States and Canada, per the Gray Iron Founders Society survey. Fifty-eight foundries reported 105,325 net tons, with 101,686 gray, 2,238 ductile, and 1,401 high alloy tons.
MENTIONED IN THIS ARTICLE
Cincinnati
Gray Iron Founders’ Society, Inc
United States
Canada
Donald H. Workman
The
Society
Workman
State Bar Exams Set for July 28 30 in Ohio
About 40 aspiring attorneys will sit the State Bar Examinations July 28 30, the Ohio Supreme Court aides report. The number is the highest in several years.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Ohio Supreme Court
Mead Earnings And Sales Rise In First Half
Mead Corp reports rising first half earnings up 26 percent to 9.15 million, or 1.58 a share, on sales of 244.68 million, up from 231.31 million a year earlier. Second quarter earnings totaled 4.84 million, 0.08 per share after preferred dividends, on 5.75 million common shares. Howard E. Whitaker cites earnings gains from efficiency and tax law as key factors.
MENTIONED IN THIS ARTICLE
Dayton
Mead Corp
Howard E. Whitaker
Mead
Whitaker
Blue Star Home Open At Trenton
The first Blue Star Plus Gas Home built in Trenton will be open for public inspection today and next Sunday from 2 to 6 p.m. Cincinnati Gas & Electric Co. joins a national program by the American Gas Association to showcase Blue Star Plus Gas Homes. The home at 107 Majle Ave. was built by Williams and Williams.
MENTIONED IN THIS ARTICLE
Blue Star Plus
Tenton
Cincinnati Gas & Electric Co
American Gas Association
Majle Ave
Trenton
Williams and Wiliams
Chevrolet the Leader Auto Makers Head For Record Year
U.S. auto manufacturers near end of 194 model run with expectations of about 7.8 million cars and total including imports over eight million for the 64 model year. GM leads with ~4.26 million, Ford ~2.07 million, Chrysler ~1.13 million, AMC ~394 thousand. top models include Chevrolet and Galaxie with Pontiac third.
MENTIONED IN THIS ARTICLE
Detroit
U. S
U.S
General Motors
Auto Company
Ford Motor Co
Chrysler
American Motors
Chevrolet
Pontiac
Continental Can Earnings Reach New Highs in 1954
Continental Can Co reports first half 1954 earnings of 21.024 million dollars or 1.71 a share, a record, with sales hitting 577.996 million dollars. Chairman Thoma C. Fogarty said paper operations continued strong contribution. second quarter earnings were 13.02 million dollars or 1.06 a share versus 11.323 million last year.
MENTIONED IN THIS ARTICLE
New York
Continental Can Co
Thoma C. Fogarty
Fogarty
Also Mentioned on This Page
Allied
Wall Street
Brooks
Melvn Weber
Irving Trust of
Whitney National of
New Orleans
First National
Bank of America
San Francisco
London
Belgium
Israel
Ameripany
American Express Warehousing Limited
Atty
David M. Satz Jr
New Jersey
Walter van Riper
General Motors Corporation
Tion
Manchester Motor Inn
N.Y. Stock Exchange
Piqua
Springfield
Richmond
City & State
Blue Star
Clarence E. Popp
Curtis St
Popp
Cg&e
Auto Makers
Oldsmobile
Falcon
AMC
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