Word: everitt
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...Montgomery Ward faced grave difficulties because of inventory value shrinkage, the late Theodore Frelinghuysen Merseles was made president. Expansion followed and in 1927 President Merseles left to head Johns-Manville. He was in this position when he died in 1929. Succeeding him in Montgomery Ward was George Bain Everitt who had had 15 years of mail order experience. The company then began opening its chain stores. Inventories and assets shot upwards but the program'was predicated on further sales growth. Depression hit the company badly. Recent earnings have been...
...first ocean-going vessel to carry an overseas cargo directly into Chicago. Thirty-three days out of Antwerp, the Anna passed through the St. Lawrence and Welland canals, delivered 1,550 tons of fencing wire and farm implements without the customary transshipment at Montreal. President George Bain Everitt of Montgomery Ward handed Capt. Alf Jonasson a gold watch; Vice President Webb made a speech about oldtime Merchant Montgomery Ward's foresight in planting his plant beside the water...
...Vice President and Treasurer Fred A. Powdrell of Montgomery Ward & Co., Inc. has had a year to demonstrate his highly rated ability and President George Bain Everitt has been working hard. For the June quarter MW earned $407,000 (1? a share) against a $185,000 deficit in the same period last year. Six months figures showed a loss of $1,375,000 against the $2,503,000 deficit in the first half of 1930. The company's best business is, of course, after harvest...
...Montgomery Ward have issued only yearly statements. Last week they disclosed the results of each quarter as follows: first, a loss of $2,318,000; second, a loss of $185,000; third, a loss of $345,000; total loss for the nine months, $2,848,000. President George Bain Everitt gave assurance, however, that earnings during the current three months will efface this entire deficit...
...employe of President George Bain Everitt of Montgomery Ward...