Word: woolworth
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Last week the following were news: Hubert Templeton Parson resigned as president of F. W, Woolworth Co. and was succeeded by Byron DeWitt Miller, 55, vice president & treasurer. Mr. Parson will be 60 (Woolworth retirement age, suddenly enforced) next September. He also gave illness (arthritis) as a reason for his resignation. There have been rumors of a rift in the Woolworth management for some time. Last year Mr. Parson made many an optimistic statement regarding the company at the time a pool was trying to push the stock. The new ruler of 2,430 stores in five countries started...
...chiefly through their power to remove him. The chairman is often spokesman for his board. Typical of a chairman who uses his position as a rostrum is voluble Charles Michael Schwab of Bethlehem Steel Corp. Examples of well-known chairmen who have retired into the position are Charles Sumner Woolworth, 75, and Henry Holiday Timken. 64. Some chairmanships are frankly nominal. Such is James Anson Campbell's position as "chairman emeritus" of Youngstown Sheet & Tube and George O. Knapp's as "honorary chairman" of Union Carbide. Edwin Wilbur Rice Jr. is "honorary board chairman" of General Electric while the real...
...second. 3) National Dairy Products and General Motors are tied for third. 4) General Electric is again leading heavy industrial after having yielded that position in 1930 to U. S. Steel. Interesting comparisons were that International Nickel is more popular now than American Smelting; Safeway Stores i? ahead of Woolworth; Loew's ahead of Paramount-Publix; National Dairy ahead of Borden. Stocks gaining in popularity included American Light & Traction. Chrysler, Drug, First National Stores. General Foods, United Gas Improvement. Decreases were shown in the number of trusts holding Aluminum Co., American Radiator, Anaconda, Electric Bond & Share, General American Tank...
Another part of the exhibit shows typical examples of New York sky-scrapers ranging from the classic Gothic of the Woolworth Building, to the ultra modern emphasis upon the vertical line as exemplified in the soaring tiers of windows, and strips of concrete of the Daily News Building. The graduated indents of the older Chanin Building are in sharp contrast to the sheer lift of the new Empire State Building. showing that transition is taking place rapidly...
...expose a more or less rounded figure to the wind which meets more resistance in square buildings. Contrary to popular opinion the sway of even the tallest modern buildings does not exceed an inch. Experiments, in which a plumb line was dropped from the tallest elevator shaft in the Woolworth Building during one of the severest wind storms that have visited New York City this winter, revealed a away of only 5-8 of an inch...