Word: nairne
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Dates: during 1930-1939
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...FRASER NAIRN...
Congoleum-Nairn had a banner year, making $1,239.000 against $208,000. Although this amounted to only 90? a share, the company's strong financial position enabled it to go on a $1 dividend basis last summer after six dividendless years...
...praise to Camden, N.J. for containing the factories of RCA-Victor Co., Campbell Soup Co., Armstrong Cork Co., Jantzen Knitting Mills, New York Shipbuilding Co., Congoleum-Nairn Inc. et al., and the house in which Poet Walt Whitman died...
...Your management feels that you will find this action . . . very gratifying." So last week did Congoleum-Nairn Inc. comment upon its 25? dividend, the first payment since 1925. Although Congoleum earned $607,000 against $705,000, its management has paid great attention to its internal condition and now it has current assets 33 times greater than current liabilities, can well afford to be generous. Courageous, the management also bought 251,026 shares of the company's own stock for retirement during the Depression...
Congoleum was formed as Congoleum Co. in 1916. Its chief backer and first vice president was Alfred William Erickson. Up & down Europe it met fierce competition from Sir Michael Nairn of Scotland whose family had been making linoleum since 1847. In 1924, whipped, Congoleum was glad to become Congoleum-Nairn, Inc. Its chairman is now Alfred William Erickson, although his chief interest is the advertising firm of McCann-Erickson. Inc. Vice Chairman is Baronet Nairn, jovial, bushy-mustached, fond of sports. With hat turned far down in front he drives to sporting events in a strange motor wagonette, scrambles onto...