Word: grunow
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Dates: during 1930-1939
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Never long withdrawn from public attention are the names of William Carl Grunow and Bertram James Grigsby. Year after year, the behavior of the common stock of their Grigsby-Grunow (Majestic) radio manufacturing company has been the sensation of the Chicago Exchange. For this reason, and because the radio industry is a potential and actual sufferer in time of depression, general interest was attached last week to these items of Grigsby-Grunow news...
Declared Oswald F. Schuette, executive secretary of Radio Protective Association (composed of independents) : ". . . The end of the reign of terror ... !" Said Bertram James Grigsby, of Grigsby-Grunow Co. (Majestic Radio): "Extremely gratified. . . ." Press headlines proclaimed: ADMINISTRATION STARTS TRUST-BUSTING CAMPAIGN! But prompt was Attorney General William DeWitt Mitchell to deny that there was "occasion for any such campaign." Indeed, the Government's petition in the Radio suit stated: "The defendants . have earnestly contended that they are doing nothing more than . . . authorized...
President of Majestic Household Utilities is, of course, Bertram James Grigsby slight, silent, leathery-faced chairman of Grigsby-Grunow. Vice president is William Carl Grunow, round-faced, grinning, shouting, cursing president of the radio company. Since they started in 1921 with $37,500 and a desire to "manufacture something," these two men have been "the works." Mr. Grunow is the boss, the plant man. His noisy way of getting things done personifies a factory just as Mr. Grigsby's silent financial maneuvers are typical of a bank. Perhaps Mr. Grigsby's shrewdest move has been sticking with...
...from events last week, it was evident that not all followers of the Grigsby-Grunow fortunes have lost faith in the judgment that successfully brought them from automobile sun-visors to radio horns, from radio horns to battery eliminators, from battery eliminators to complete receiving sets. On April 4 Majestic Household Utilities was incorporated to manufacture the Grigsby-Grunow refrigerators and, later, vacuum cleaners, washing machines. The parent company received 125,000 shares; 374,950 will be sold by subscription at $25 a share. Last week Majestic Household opened on the Chicago Exchange at $44, began jumping in the same...
Majestic Household Utilities will manufacture all the parts-used in the refrigerator which will be distributed by Grigsby-Grunow dealers. Although Grigsby-Grunow holds less than one-fourth the stock in the new company, this is sufficient to insure practical control, especially when the personal holdings of the officers are considered. The price of the refrigerator has not been announced but is generally thought to be very low, possibly $100, which is $125 less than GM's cheapest Frigidaire...