Word: co
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Dates: during 1920-1929
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Because Hartman Corporation (originally mail order) is world's largest retail furniture concern (48 stores in Chicago and Midwest) and because, as everyone knows, Montgomery Ward & Co. (originally mailorder) is branching into myriad branches, a deal loomed. Last week the deal was closed: Montgomery Ward giving stock in exchange for Hartman's business which betters $17,000,000 annually...
Steel. Long known to be "friendly," Weirton Steel Co. of Weirton, West Va., M. A. Hanna Co., of Cleveland and Great Lakes Steel Corp. of Detroit last week merged through the formation of a holding company. Of the new company's $150,000,000 assets, outstanding will be Great Lakes Steel Co.'s new $20,000,000 80-acre plant now under construction in Detroit. Hot metal for the plant will come from nearby M. A. Hanna blast furnaces...
...life of the oyster. The first to make a study of oyster love was one Sergius Grata, who founded an oyster farm on Italy's Lake Lucrine. The last was omnivorous General Foods Corp. which last week announced the formation of a new subsidiary. Bluepoints Co. Inc., to take over the assets of the North Atlantic Oyster Farms, Inc. operating in Rhode Island, Connecticut and New York. North Atlantic Oyster Farms, Inc. is the largest unit in the industry. Through five subsidiary companies it holds some 35,000 acres of oyster beds, has a fleet of 30 boats, prepares...
...George Franklin Rand, president of The Marine Trust Co. of Buffalo, last week brought the culmination of a long held ambition. To the new era of U. S. chain banking it brought the greatest development yet recorded...
...knew little of Junior Rand except that he was 27, had worked in all the departments of his father's bank, served in the Y. M. C. A. during the War. Of this obscurity Banker Rand quickly divested himself. That year he became assistant secretary of The Marine Trust Co., the next year vice president. In 1921, anxious to show he could do something for himself besides running his father's bank, Mr. Rand with some young friends acquired an interest in the Buffalo Trust Co. He was made president, soon opened many branch offices, piled up resources...