Word: roebuckers
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...biggest boosts came from Sears, Roebuck & Co. On the last day of trading, Sears's directors announced a three-for-one stock split and a dividend boost; in seven minutes Sears stock shot up 6½ points to 117, nearly 43 points above the year's low. In chemicals, stockholders approved a merger between Lion Oil Co. and Monsanto Chemical Co., sent the big chemical company up 2¼ points to 50 ⅜ In autos, giant General Motors jumped | of a point to 143⅞ when its stockholders put final approval on the-three-for-one stock split...
...firms into a single company with assets of $130 million. Under the deal, Whirlpool Corp. (home laundry equipment), Seeger Refrigerator Co. (freezers, etc.), and RCA's air-conditioning and appliance departments (stoves and air conditioners) will merge into a new firm to be called Whirlpool-Seeger Corp. (Sears, Roebuck & Co. owns a big stock interest in both Whirlpool and Seeger, currently markets many of their products...
...Eisenhower had been busily arranging the interior, putting up pictures, sorting out souvenirs, and shopping. Hatless and wearing a cotton print, she went to Sears. Roebuck in Chambersburg, Pa. to buy one kitchen item: a hand eggbeater...
Prices of other high-priced stocks also soared as investors bought in hopes that they would follow G.M.'s lead and split: I.B.M. was up 8 points, to 425; Standard Oil (NJ.) advanced 8¾, to 138; Sears, Roebuck climbed 5 points...
Harold L Pearson, 52, became president of Air Transport Association, the organization of U.S. scheduled airlines. Kansas-born "Pete" Pearson spent 22 years in chain-store merchandising at J. C. Penney and Sears, Roebuck, then joined Montgomery Ward, where he was named Ward controller in 1934. Pearson went on to become vice president, treasurer, and Avery's close confidant. In 1945, like dozens of other Ward executives, Pearson "escaped," as he put it. Later, Pearson went to Washington, became Deputy Under Secretary of the Army in 1952, Assistant Director of the Budget Bureau...