Word: iceless
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...sales) for the first half of 1944. (In all of 1940 City Ice grossed $25.7 million.) On Sept. 1 City Ice will retire all its preferred stock: $12 million worth, paying accrued dividends of $1.62½ a share. But record business also has brought fantastic demands. Frantic calls from iceless areas have required it to ship from California to Texas, from Florida to Texas, from Chicago to Mexico...
...salesman. At 35 he was sales manager for National Cash Register, under John H. Patterson, father of high-pressure selling. Next he sold Delco home-lighting units to U. S. farmers. After General Motors acquired the Delco Company, Frigidaire was combined with Delco and Mr. Grant added the iceless icebox to his sales triumphs. In 1924 he became Chevrolet sales manager, did for Chevrolet sales what Mr. Knudsen did for Chevrolet production. Since 1934 he has been vice president in charge of sales for the entire General Motors line...
Radios by G.M. The vast preferred stock dividends of General Motors Corp. have, for many a moon, been paid by profits from an iceless refrigerator-Frigidaire. Last week there was talk that radio-making might someday swell the profits of , this world's-biggest-money-making corporation. For, last week, General Motors discussed with Radio Corp. plans for using some of its available manufacturing equipment to turn out sets under R. C. A. patents. Also, last week, General Motors picked up a small ($13,000,000) electrical-equipment concern, Northeast Electrical Co. of Rochester. Already, indeed, General Motors makes radios...
Senator James Couzens, onetime a partner of Henry Ford, and always a level-headed economist, last December organized a $1,000,000 corporation to manufacture iceless refrigerators. His model was to sell for one-half the present price of such coolers. But the buyer must pay cash...
Interpreneur Couzens has learned that not enough U. S. householders are yet willing to pay cash for even a standardized iceless refrigerator. They are habituated to the trade custom of instalment payments. So, last week, Mr. Couzens in disgust dissolved his company...