Word: roebuck
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Biggest deficit in last week's flock of reports was Chrysler Corp.'s $11,254,000, comparing with a small profit in 1931. Directors promptly passed the dividend. Sears, Roebuck & Co.'s deficit of $2,544,000-first since the 1921 slump-was caused by losses in its retail stores, Encyclopaedia Britannica, and the home construction division. Last year Sears made $12,170,000. International Harvester, hard hit by dwindling farm income, reported a $7,583,000 deficit. American Water Works & Electric's profits dropped from...
...possibility that it might put a stop to the bigger & bigger concessions that important buyers have been demanding-and getting-for the past few months. From now on, tiremen hoped, the list price would be the actual selling price, not a fond wish. In Chicago both Sears, Roebuck & Co. and Montgomery Ward & Co. promptly cut 5% under Firestone's new prices...
Though the annual report is yet unpublished, La Salle Street hears that the company earned between $1,000,000 and $2,000,000 in the last quarter of 1932 against a loss of $4,297,000 the first nine months. Montgomery Ward executives, who almost always have a Sears, Roebuck & Co. catalog on their desks, grinned at December sales figures: Montgomery Ward down 3.8% from last year, Sears, Roebuck down 17.2%. But while 1932 ended with Montgomery Ward showing a smaller drop in sales for the year than its big competitor, 17.9% against 19.3%, it also ended with Sears, Roebuck...
...from behind. Representatives sneaked sheepishly back to the floor from the cloakrooms. The teller vote was resumed. The Congressional Record made no mention of the interruption. The youth told police he was Marlin Kemmerer, 25, of Allentown, Pa. where he works in the sporting goods department of a Sears, Roebuck store. His friends described him as an expert marksman. Before hospitalizing him for mental observation, police found two sticks of dynamite in his rooming house, a ten-page speech in his pocket. Said he: "You need a gun these days to get the right to make a speech...
...announced from his Plainville, Conn. home that he had formed a third, "non-partisan" stockholders' committee. He too called for proxies. His committee, said the Governor, was best qualified to judge the merits of the controversy. It included Lessing Julius Rosenwald, potent vice board chairman of Sears, Roebuck & Co., William Benson Mayo, onetime chief of Ford aircraft construction. President Howard Coonley of Boston's Walworth Co. (valves), three airline organizers. Promptly Mr. Cord piped up: "Ex-Governor Trumbull was one of the principals in the ... sale of Colonial Airways to the Aviation Corp. . . . His principal associate in this deal, John...