Word: storeman
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Kresge to Kresge. The Kresge Department Store in Newark has long been a big loser for Kresge Department Stores Inc., which shares its ownership with Sebastian Spering Kresge. Last week Storeman Kresge bought the remaining half interest in the Newark store from the department store company for $2,000,000 and assumption of certain liabilities, stated he still had faith in his original judgment but was "not insensible" to the opinion of other shareholders that it should be sold. Kresge Department Stores, Inc. also owns the Palais Royal in Washington, D. C., has a large interest in The Fair, Chicago...
Wiggly Saunders. The last great corner on the New York Stock Exchange was in 1923 when Clarence Saunders massacred bears short of stock in his Piggly Wiggly Stores, Inc., sent the shares up from $55 to $124. But soon afterwards Storeman Saunders lost control of his chain, had to begin again. Last fortnight the State of California halted his stockselling plans, led him to sell his holdings in a new California chain. Last week Clarence Saunders Stores, Inc., with headquarters in Memphis, was sold by a Federal bankruptcy referee after almost a year of receiverships for its 132-store system...
...young zealot with the build of a lumberman, was merely propagandizing for his cause. Afterward he became secretary of the famed "Flying Squadron," a Prohibition-boosting committee which in 1914-15 visited and pleaded in each & every state. He enjoys a close Dry friendship with Chain Storeman James Cash Penney, friend of Prohibition and of President Hoover, publisher of the Christian Herald, interdenominational weekly of which Dr. Poling is editor-in-chief...
President of the Christian Herald Corporation is Chain-Storeman James Cash Penney, friend of President Hoover, avid Dry. To please Mr. Penney, and also because it is his own conviction. Editor High often pens editorials loudly decrying the evils of drink, lauding the benison of Prohibition...
...delight this phenomenal rise. Among them was not S. S. Kresge. It is said that S. S. Kresge does not take delight in anything. Although he has brought happiness to thousands of investors in his stock, to millions of patrons of his stores, the personal life of this swart storeman is not a happy one. His first wife discovered, after living with him for a number of years, that he was "sulky," divorced him. His second wife, young, is suing for divorce and for $7,000,000 "heart balm." His stock is the highest listed on the New York Stock...