Word: grunow
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...firm will head a syndicate to raise over $3,000,000 from sale of the stock. Farnsworth Corp. will absorb The Capehart Inc. (famed record-changing phonograph) and the manufacturing facilities of General Household Utilities Co., which include the plant at Marion, Ind. where the old Grigsby-Grunow radio sets were made...
Last week in Chicago one of the survivors wrote a neat chapter into radio history. Zenith Radio Corp. bought the West Side plant of defunct Grigsby-Grunow Co., whose Majestic line, and common stock, were spectacular successes just before Depression. Last week Grigsby-Grunow had been two years in bankruptcy. Its West Side plant, valued at $1,500,000, was knocked down to Zenith...
Word of the spectacular Chicago business team of Bertram James Grigsby and William Carl Grunow spread into Wall Street in the late days of the Bull Market. Mr. Grigsby was a precise, poker-faced operating man. Mr. Grunow was an explosive, moon-faced salesman. Together they ran, in a belligerently unorthodox manner, Grigsby-Grunow Co., makers of Majestic radios and electric iceboxes. Unlike most makers of radios and electric refrigerators, they made money hand over fist. In the clear blue firmament of 1929, Grigsby-Grunow stock was a comet...
Early in 1931 Depression sniffed at the Grigsby-Grunow door. As a price for their aid the bankers insisted that shouting, swearing Mr. Grunow get out. He did. Last week Depression strolled boldly into the Grigsby-Grunow house. Protesting that it was perfectly solvent, Grigsby-Grunow was petitioned into receivership. Liabilities, petitioners claimed, were $5,200,000 exceeding current assets of $4,150,000 although total assets were...
...build up power consumption. At the forefront of the expansion have been General Electric, Kelvinator, General Motors (Frigidaire), Westinghouse. Servel's Electrolux has led the gas field. During the Depression many a smaller manufacturing concern has added electric refrigerators as a profitable sideline. Examples: Crosley Radio Corp., Grigsby-Grunow Co. (radios), Wurlitzer Co. (musical instruments)-all concentrating on the low-price field. In addition, a large number of independent companies have mushroomed throughout the land, usually buying and assembling the parts. Refrigerator men who have grown up with the industry say that these newcomers are spoiling the market...