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Rowland Hussey Macy, Nantucket Quaker, Gold Rush Forty-Niner, whaling captain and grocery store owner, founded Macy's in 1858. The original Macy store (14th St. and Sixth Avenue) embodied present Macy policies of a cash business and "odd" prices (9¢ and 18¢ rather than 10?? and 20¢). In 1874 Lazarus Straus, who had come to the U. S. as a refugee after the German revolution of 1848, leased part of Macy's basement and opened a crockery store. Captain Macy died in 1877, and until 1888 junior partners carried on the business. In 1888 control passed to Nathan...
...were ready to believe that the retail buyer would not see much change in his meat and grocery bills. Operations between producer and consumer by the much-maligned Middle-Man would, experts explained, serve as a buffer between farm prices and store prices. Illustration: The corn duty raise of 10?? per bushel would affect corn products (flakes, syrup, oil, etc.) by only a fraction of ordinary market fluctuations in corn, which sometimes are as much as 50¢ per bushel in a season without altering retail prices...
...combined bearish effect of the Federal Reserve statement and the English rediscount raise was immediately observable. Market quotations sprouted a universal crop of minus signs. In a day's trading General Electric was-off 12½ points, Westinghouse 10???, Case Threshing 10??, International Harvester 6?, U. S. Steel 6¼. An average of 100 representative stocks declined 3.26 points. The Exchange closed Saturday, allegedly as the result of an influenza epidemic whose peak had long since passed. Stocks reopened on Monday comparatively strong, however, showing a distinct recovery from their first disorderly retreat. Having had time for reflection, traders had apparently decided...
...water. Also the club had $23,000 in debts which it was unable to meet, so it squatted down into defunction. Last week the furnishings of the club went under the hammer of Auctioneer Samuel L. Winternitz.* A picture of "Our Mayor in Action" brought an original bid of 10??, finally went for $2 to Charles H. Weber, Democratic member of the state legislature, who also bought a stuffed fox. The auction netted a total...
Response to the League's new department of moderation was quick? so quick that some observers imagined the bigwigs had known in advance what would happen. To the League came Sebastian Spering Kresge (5¢ & 10?? stores) of Detroit and Manhattan, long a League admirer, and declared that $500,000 of a 25 million-dollar charity fund which he lately set aside, was at Publicist Cherrington's disposal for 1928. The League had said that it wanted a million for 1928. Mr. Kresge promised to get the rest at once from fellow businessmen. Within 20 minutes of the opening...