Word: co
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Dates: during 1920-1929
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Memorable, last week, was the midyear statement of American Locomotive Co., made public by Chairman William Hartman Woodin, recent Smith convert. Net profits for the first six months of 1928 were $1,502,702, as against $2,485,784 in 1927. "Locomotive buying," said Chairman Woodin...
Memorable for U. S. tourists in England was the declaration of Charles A. Penn, vice president of American Tobacco Co., that a factory will be built in England to manufacture American cigarets at low prices...
...Memorable, probably, was the formation of three new corporations by potent International Telephone and Telegraph Co. Under the names of International Cables Corp., International Communications Corp., International Radio Corp., the new companies will operate telephone, telegraph and cable lines, wireless systems, television and telephoto transmission (much of which I. T. & T. already does). The object of ponderous incorporation, the functions of the different units, were not clarified by either of the Brothers Behn...
Important, therefore, were July statements of the two chief U. S. mail order houses, vendors of many a luxury and nearly all necessities, barometers of prosperity. Sears, Roebuck & Co. announced record July sales of $26,276,337 as against $20,960,713 in July, 1927. Montgomery Ward & Co. reported $13,976,559 as against...
Meat-loving patrons, profit-loving stockholders, encompassed the downfall, last week, of the "Vegetable-wise" policy of the Childs Co. Devoted to vegetarianism, President William Childs had offered patrons of his 120 restaurants every conceivable substitute for meat. He had invoked the experience of the heroic Greeks, meat-haters. Statistics of calories and vitamins filled his menus. But gross sales for five months of 1928 showed a falling off of 9%, while the common stock sagged from a high 74 in 1925 to a 1928 low of 38. And last week he yielded, but without grace. Inept...