Word: bulova
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...Gruen Watch Co., succeeding Morris Edwards, who resigned. A graduate of City College of New York ('38), Weitzen worked for a Manhattan ad agency, the Journal of Commerce. He became a buck private in 1942, was soon commissioned, rose to lieutenant colonel at 26. He joined Bulova Watch Co. in 1945 as a junior executive, became assistant to the president in six months, rose to sales and merchandising vice president in 1950. Last year he joined Manhattan's American Machine & Foundry as vice president for marketing, from which he resigned before coming to Gruen. ¶ Atherton Bean...
...months ago, Bulova Watch Co.'s Long Island plant was suddenly flooded with irate letters. Each letter was accompanied by a broken wristwatch marked "Bulov 17" on the dial. Bulova needed only one look at the misspelled trademark to see that they were fakes. Since most of the letters were from Chicago, Bulova hired private detectives to roam through the Loop area looking for the counterfeit Bulovas. Before long they picked up 250 from sidewalk peddlers. Last week Chicago police arrested William Furie, 51, as the ringleader of a group that had sold at least 100,000 phony Bulova...
...police reconstructed the case, the watches were bought for $3.50, the original brand name was erased with acid, and "Bulov 17" stamped on in ink. The watch looked like the real Bulova 23 model, which retails for $95. The fakes were sold to street hawkers, who sold them at bus depots and railroad stations for up to $23 each. Chief victims: service men in transit. At week's end Furie was charged with counterfeiting a trademark (maximum sentence: one year), let out on $500 bail...
...Bulova Watch Co. and Gruen Watch Co., in exchange for Swiss movements and parts, agreed to limit their U.S. manufacturing, import from no country except Switzerland, permit a cartel-hired accountant to audit their books...
Good Customer. U.S. watch companies that have already become heavy importers of Swiss watch movements (e.g., Bulova, Gruen) had ex-Senator Millard Tydings to argue their case. Tydings ripped into the U.S. watchmakers' hardship story. He cited the fact that Hamilton's sales had jumped from...