Word: freemans
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Dates: during 1960-1969
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Last July 13, Freeman Frazee doffed thefolded paper cap that identifies the newspaper pressman and walked off his job at the Detroit Free Press. Since Frazee is president of the Detroit printing pressmen's union, he was followed by all his men, and at both the Free Press and the city's other paper, the evening News, the presses ground to a stop-silenced by Detroit's ninth newspaper strike since 1955. By last week, as the strike entered its seventh week, all Detroit was beginning to wonder whether "Smoky" Frazee could ever be talked back into...
...possible fluctuations. Futures trading on the New Orleans exchange dropped from 12 million bales a decade ago to only 18,000 last year. The exchange did not take its closing easily, planted full-page ads in many newspapers to attack the situation. After suggesting that Secretary of Agriculture Orville Freeman is either "unknowledgeable" or "a demagogue," the ad charged that his subsidies were creating a "unique substitute for the free enterprise system...
...Hickey-Freeman will stitch on to Hart Schaffner as a subsidiary, get a drawerful of shares and some new out lets. Said Hart Schaffner's John Gray: "We have absolutely no plans for changing the product, distribution, policies or management of Hickey-Freeman." Certainly those familiar names on the labels will remain the same...
...original Hart, Schaffner and Marx are long gone, but their publicly owned firm under President John D. Gray now does a $107 million manufacturing and retail business, has 101 stores in 43 cities, including Wallachs in Manhattan, Baskin in Chicago, and Stevens in New Orleans. Smaller Hickey-Freeman is still a private family firm, run by President Walter B. D. Hickey (son of Jeremiah) and Vice President Albert Freeman (nephew of Jacob...
...merger mates, the two companies are made to measure. While Hart Schaffner suits sell for $80 to $150, Hickey-Freeman specializes in the luxury brackets, with suits retailing at $150 to $235, sports coats at $110 to $215 and vicuna overcoats priced up to $550. Last year it sold $20 million worth of everything, including plenty in its own three stores-F. R. Tripler in Manhattan and Capper & Capper in Chicago and Detroit...