Word: shermans
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...American National Livestock Association were parching in El Paso last week another convention in Chicago was setting records for liquor consumption, big buying and fun. This was fitting, for the National Association of Coin Operated Machine Manufacturers is most precisely in the fun business. In the spacious, hearty Hotel Sherman, no manufacturers exhibited about 1,000 coin machines on an acre of ball room, for which they paid $1.50 a sq. ft., and in private show rooms most of which were equipped with bars. To their convivial customers they sold $5,000,000 worth of nickel games before...
...Detroit Automobile Show in 1930 Mr. Sherman got a batch of orders, reached a production of 189 trailers by 1933. That year his sales were $56,000 By 1935 he sold 1,100 trailers for $500,000. Last year, working night & day. Cox ered Wagon turned out 6,000 trailers worth some $3,000,000. With added facilties provided out of the new financing, Covered Wagon hopes to hit the 20,000 mark in 1936. Total U. S. trailer production was an estimated...
...biggest factor in the fastest-growing U. S. industry last week filed a registration statement with the Securities & Exchange Commission for the first public offering of trailer stock. The registrant was Covered Wagon Co., the little Mt. Clemens, Mich, concern which was founded in 1930 by Arthur Georg Sherman (TIME, June 15). Exasperate by the faults and failures of a trailer he bought, Trailerman Sherman built one fc himself, was besieged on the road by s many "trailer tappers" (curious callers that he decided to make his model commercially...
...even Covered Wagon profits-$4.889 in 1934. about $10,000 in 1935 and $86,000 for the first nine month of last year. Only preferred stock (30,000 shares) will be sold to the public in the proposed financing. All common stock (295,000 shares) is owned by Founder Sherman. But each preferred share will be convertible into two shares of common stock, giving the public its first chance in the U. S. trailer's future...
...about the same 1936 class was President Arthur Sherman of Covered Wagon Co., biggest auto trailerman of the first Auto-Trailer Year...