Word: chaining
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Dates: during 1920-1929
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...Story. Arnold Blettsworthy, newly weaned from Oxford, not only affianced himself to the tobacconist's yellow-haired daughter, but joined forces with his best friend in a project to enlighten the world through a chain of bright blue bookshops. Cheated by the friend, jilted by the tobacconist's daughter, Blettsworthy's disillusion affected him so desperately that his kindly solicitor-guardian prescribed the traditional remedy-a year on the high seas...
Last week, he sold out to Publisher Frank Ernest Gannett, owner of 13 newspapers, third largest chain in the U. S. It was Publisher Gannett's third important buy of the year. The first, The Hartford Times (TIME, Feb. 6), cost him $5,000,000. Last June (TIME, June 18) he bought the Rochester Democrat & Chronicle. Price: $3,500,000. The Knickerbocker Press and Albany Evening News bring his year's investments well above $10,000,000. Publisher Gannett's newspapers are known as "clean," "wholesome" and "non-partisan...
Department Stores. At New Orleans, Birmingham, Memphis and Louisville are City Stores Co. department stores; at Newark and Elizabeth, N. J., are stores affiliated with City Stores. That chain last week paid $10,521,000 for control of Lit Bros., Philadelphia department store...
Bulk-buying makes possible penny-clipped selling. Provident housewives cherish pennies. Therefore chain grocery stores attract housewives. Two such chains were welded last week...
...Clarence Saunders, head of the Piggly-Wiggly chain grocery stores, tried to corner his company's stock, had it thrown off the board, lost $4,000,000, went $300,000 in debt. Last week, Mr. Saunders said that he had $250,000,000 backing for a new $50,000,000 chain grocery organization...