Word: gruber
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Corporate profits, following just about everything else (see above), are turning up-and in some cases turning up sharply. Among the standouts last week was P. Lorillard Co. (Kent, Newport, Old Gold). President Lewis Gruber, who took over two years ago and soon started sales soaring, reported third-quarter earnings of $7,478,350 v. $3,076,028 last year. For the first nine months of 1958, Lorillard earned $19,303,199 or $6.46 a share v. $1.82 for the comparable 1957 period...
...shares outstanding. Revlon's earnings edged up slightly to a new record. Fast-moving Polaroid's net jumped to 31?, up from 22?. In tobaccos, R. J. Reynolds (Camel, Winston, Salem) said profits were above the $1.25 a share of a year ago. P. Lorillard President Lewis Gruber, riding the phenomenal rise of filter Rents, reported that January-February earnings soared by 400% over 1957's first quarter...
...Figures? Hearing the blast, the U.S. tobacco industry quickly replied. Said P. Lorillard President Lewis Gruber: "Our advertising has been and is scrupulously honest and truthful. Our claim has been a simple statement of fact-Kent filters best of all the leading filter brands. These are facts, and they are documented." Added R. J. Reynolds President Bowman Gray: The figures used in the congressional report were published in a magazine (Consumer Reports) in March 1957; since then, Reynolds has improved its filter to reduce nicotine by 32%, tars by 27%. "It would appear that the figures quoted in the committee...
...teach at O.S.U., rose to head the university's marketing department before McKesson & Robbins hired him nine years ago as vice president. A World War II colonel, he served on General Eisenhower's staff from D-day in Normandy to V-E day. ¶ Lewis Gruber, 60, was named the fourth president in four years for P. Lorillard Co. (Old Gold, Kent). His predecessor, William J. Halley, 58, moved down to head the finance committee. A native New Yorker, Gruber got a law degree from Tennessee's Cumberland University ('14), joined Lorillard...
...nine convicts and a guard died in "The Lincoln Day Break." ¶1952: a loo-ft. tunnel was discovered shortly after prisoners were given a dinner by the warden for digging no tunnels during the previous year. ¶1953: a convict-made bomb killed Prison Manager Albert Gruber. A two-day riot and $500,000 fire killed one prisoner, destroyed five buildings. One-quarter of the prisoners (400 men) held a "sleep strike" after using barbiturates to go on a mass bender...