WALL STREET: Alexander the Great

Nobody knew much about Alexander L. Guterma when he arrived in Wall Street five years ago. But he quickly showed himself such an expert in frenzied finance that he got control of F. L. Jacobs Co. (auto parts maker), Bon Ami Co. (scouring powder), Hal Roach Studios (Gale Storm Show), and the Mutual Broadcasting System. Last December Guterma's empire began to crumble.

The New York Stock Exchange suspended trading in Jacobs stock for failure to file financial statements. Last week SEC suspended over-the-counter trading in Jacobs and Bon Ami. When space was booked...

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