Word: graybar
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Dates: during 1926-1926
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...relations to General Electric were so generally criticized that the parent company of its own volition cut it off (TIME, Jan. 12, May 18, 1925). The Western Electric sells most of its products to the Bell system. Whatever it sells elsewhere in the U. S. it markets through the Graybar Electric Co., Inc. (TIME, Jan. 4). In foreign fields it sells through the International Standard Electric Corp., formerly the International Western Electric Co., Inc. Last year's net income of Western Electric was $14,283,302 after interest and other charges. This equaled...
...business of the Western. Electric Co. has long consisted in manufacturing telephone equipment for the Bell telephone system and other clients, and making other electrical supplies. The latter activity has recently been segregated and incorporated under the name of the Graybar Electric Co. Capitalized at $15,000,000, all owned by Western Electric, the new company is the world's, largest merchandiser of electrical supplies...
...company, Graybar Electric, thus represents a reversion to the original business of Gray & Barton 56 years ago, before telephone supply manufacturing was undertaken. It is thought that this is the first known case where a company in this country, after such a period of years and such a tremendous growth, has reverted to its original name and business...