Word: tilford
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Dates: during 1940-1949
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Died. David Albert Schulte, 76, president (1903-48) and principal owner of the nationwide Schulte cigar-store chain, chairman of the board (1923-45) of Park & Tilford, Inc. (liquor and cosmetics), president of Dunhill International, Inc. (tobacco and perfume); in Holmdel, N.J. One of Manhattan's biggest real-estate operators (he had an intuitive genius for choosing the right corner-site retail stores), Schulte began as a $5-a-week errand boy, ended owning nearly 200 stores in 125 cities...
Within the past month one big liquor deal has gone through: Seagram's $43,000,000 purchase of a 95% interest in Frankfort Distilleries. Two other big deals are bruited: Allied Mills may sell its whiskey subsidiary, Century Distilling Co., for around $28,000,000; Park & Tilford is dickering for Brown Forman. In all these deals the buying price is more than $100 per barrel of whiskey stocks-a good deal more than their value on the books of the small fry selling...