Word: penney
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...capacity. Retail sales boomed again after the quiet interlude brought by storms and bitter weather. New England merchants reported a gain of 8.9% for February but the average gain for the U. S. was estimated to be 20% to 25%. Springfield (Mass.) reported a jump of 62%. ]. J. C. Penney's chain stores reported sales for the first two months up 41%. S. H. Kress sales were up 30%, Great Atlantic & Pacific up 5.18%. Montgomery Ward reported another roaring month in February with sales up 52.2%. Their retail stores showed an increase of 29.9%, their mail order division...
James Cash Penney has done a lot for Florida. His chainstore millions built a limestone palace near Miami which Herbert Hoover used as his pre-inaugural White House. More millions went into Penney Farms where an Institute of Applied Agriculture teaches Florida farming to Florida farmers. And at least three Penney millions went into a yawning Florida hole-Miami's City National Bank. In 1928 when City National was still teetering from the collapse of the land boom and the damage of the Great Hurricane, James Cash Penney and his associates bought control, injected $2,000,000 of fresh...
Died. Thomas Penney, 74, Buffalo lawyer, prosecutor (as district attorney) of Leon Czolgosz (executed assassin of President McKinley); in Buffalo...
...Utica (clothing) 23, Montgomery Ward 10, The Globe (department store) 9, Wolf's (ladies') 8, Norman Cassiday (ladies') 6, Kresge's 6, Herman Kucharo (men's) 4, Sprankel's (men's) 4, Carley's (ladies') 4, J. C. Penney (department store) 3, Woolworth's and E. Kresge's each 2. At the news desk of the Des Moines Register and Tribune were 24 students; Des Moines Electric Co. took 2. Art and journalism students planned, wrote and illustrated Younkers' advertising copy, ran four pages...
...Decreases were shown in the number of trusts holding Aluminum Co., American Radiator, Anaconda, Electric Bond & Share, General American Tank, International Telephone, Kennecott, Kreuger. Radio, Western Union, Westinghouse. Total shareholdings in American Machine & Foundry, Commercial Solvents, Continental Can, Deere, United Corp., North American Co., Gillette, Mathieson Alkali. J. C. Penney and American Ice were among the gainers. The 85 trusts held 10,487,000 shares of 162 selected stocks...