Word: gypsum
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...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...
...Bethlehem Steel 18,316,707 1,145,213 Westinghouse 11,331,772 4,500,602 Railroads Chesapeake & Ohio 15,462,607 5,523,568 Chicago, Burlington & Quincy 452,639 d 3,235,581 Building Materials Johns-Manville 2,881,334 d 24,897 U. S. Gypsum 3,401,253 2,181,219 Chemicals Du Pont 38,836,234 18,937,605 Union Carbide & Carbon .. 20,452,852 7,931,058 Automobiles General Motors 110,454,266 33,020,019 Chrysler 24,456,609 5,709,599 Packard 3,819,056 d 1,244, 965 Utilities Commonwealth & Southern...
...mortgages, increase working capital, redeem sinking fund bonds and pay for some new construction, National Gypsum Co. filed a registration statement for $3,500,000 in debentures...