Word: storeman
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Dates: during 1931-1931
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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...