Word: gypsum
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Dates: during 1930-1939
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Next day at a stockholders' meeting in Chicago, Chairman Sewell L. Avery of U. S. Gypsum Co., which does about 50% of the nation's plaster business, was asked about the entry of Celotex Corp. m the field (TIME, March 6). Said Chairman Avery: "Monopoly in the U. S. is a joke...
...Celotex's products to give it a general line of building materials. It made $736,000 in 1936, $1,267,000 in 1937. This is still cottage size next to the manorial 1937 profits of its two biggest competitors, Johns-Manville Corp ($5,450,000) and U. S. Gypsum...
...annual salary and an option on 100,000 shares of stock at $11 (now selling at $50), they got Sewell Lee Avery. Chicago's No. 1 businessman and director of a dozen top-flight U. S. corporations, Mr. Avery won fame by nursing U. S. Gypsum Co. through Depression 1 with profits and dividends every year. Still more remarkable was his revival of Ward's. It netted $2,227,957 in 1933, $9,161,054 in 1934, $13,527,310 in 1935, $20,198,914 in 1936, $19,210,029 in 1937 (earnings in each case from February...
...been at Sewell Avery's right hand throughout the Ward renascence. Although Mr. Avery, who has the step and manner of a man of 50, will presumably continue dictating Montgomery Ward's policies, he last year began retiring from active business life when he quit U. S. Gypsum's presidency, which he had held for 32 years. Said he once to an inquisitive Ward stockholder: "I banana-peeled into this place and then couldn...
...Gypsum...