Wolfson Moves on Ward’s in Major Proxy Duel
Louis E. Wolfson, a 42 year old financier, seeks control of Montgomery Ward & Co from chairman Sewell Avery in a proxy battle slated for April 22. Avery, bearish on expansion, has cut outlets and built $300 million in liquid assets. Wolfson plans to add 24 stores and raise inventories by 70 million to lift Ward’s sales toward 2 billion annually amid a 11 month period showing a 7.0 per cent drop in volume.
MENTIONED IN THIS ARTICLE
Wolfson
Louis E. Wolfson
David
Goliath
Montgomery Ward & Co
Sewell Avery
Ward's
Avery
Ward's campaign to take over Ward's on August 2th
An attempted takeover by Wolfson aimed at Ward's Edible Stores faces scrutiny as Ward's sales rose 32 percent since World War I while Sears Roebuck jumped 186 percent. Wolfson seeks a three for one stock split and control moves that have drained assets toward insolvency. Capital Transit Co. leverage under Wolfson saw surpluses and large dividends, with court action pending over voting rights. The Teamsters Union disclosed a $1 million Ward's stake as Avery increased January 25 dividend.
MENTIONED IN THIS ARTICLE
Wolfson
Capital Transit Co
Washington
Capital
Avery
Teamsters’ Union
AFL
Ward
Martial Law Ends in Vice Center After Cleanup Campaign
Governor Gordon Persons issues proclamation ending martial law in Phenix City on January 17 after six months of National Guard rule. More than 160 defendants indicted on vice charges with nearly 100 fined or imprisoned. Slaying of A. L. Patterson, a crusader against vice and state attorney general candidate, leads to three indictments.
MENTIONED IN THIS ARTICLE
Vice
Associated Press
Montgomery
Ala
Gordon Persons
Phenix City
National Guard
Vice Center
A. L. Patterson
Inti
New Music Teacher and Gym Plans OKayed by Committee
The committee approved a new music teacher and a scoreboard up to 150 dollars for the Wright School gym, with plans to use cafeteria staff for functions and pay double rate. Also approved two new vocational classes and floor finish funding of 430 dollars.
MENTIONED IN THIS ARTICLE
L. M. Douglas
Wright School
8. E. Anderson
Douglas
Anderson
Lou ‘Hanna
Victor Cragger
Hanna
Atlantic City
Lindstrom
Biron Decker
Erie County
National Guard drill at federal inspection noted
Twenty years ago the local National Guard Company A under Capt. W. Stuart Houghton and Lieuts. Robert E. Brown and Ross Fehrman performed with creditable precision at the annual federal inspection held last evening. Forty five men answered the roll call. The article also reports on Corry Public Library circulation totals for 1934 and upcoming annual meetings for Community Loan Company and Corry Building and Loan Association. It mentions planned RWD improvements at Fairview School and a new restaurant opening by Ralph Chiricuio in the former grocery storeroom.
MENTIONED IN THIS ARTICLE
Company A
National Guard
W. Stuart Houghton
Lleuts
Robert E. Brown
Ross Fehrman
Carry
Community Loan Company
Corry Building and Loan Association
Fairview
John A. Lanston
Clymer Receives $1000 State Aid for Recreation Programs
The New York State Youth Commission announced that the town of Clymer will receive 1000 in state aid for a 12 month recreation program. Supervisor Harold F. Le gters states the town will spend about 2000 for activities at Clymer Central School including movies baton twirling model plane classes arts and crafts softball and tennis. This marks the fourth year of the joint program to serve local youths.
MENTIONED IN THIS ARTICLE
Clymer
New York
How Smart Are You Answers on Classified Page
seven questions cover current events and facts from the classifieds. Topics include UN Assembly status stock taxation loss deductions, divorce remarriage timing, Ankara capital, two earner families, global skin color distribution, and whether Williams will play baseball this year.
MENTIONED IN THIS ARTICLE
U. N. General Assembly
Ankara
Asia
Te Williams
Red Sox
Pleads Innocent To Stabbing In Jamestown
Lucille Martin 30 of 1435 Washington street pleaded innocent to a stabbing charge after police found Charles Meyers 39 at the scene with a 3 inch wound near the eye and a 9 inch gash behind the left ear. Meyers was treated at Jamestown General Hospital. Martin said Meyers had pursued her. blood was found in the house and several people were present. The U S Office of Education estimates 10 to 12 million dollars needed for classrooms nationwide.
MENTIONED IN THIS ARTICLE
Jamestown
Lucille Martin
Washington Street
Secon
Fendant
U.S. Office of Education
U. S
Prison Doors Close Behind Ex Mayor In Erie Scandal
Ex Mayor Thomas W. Flatley entered the Erie County prison with official number 105087 as Judge Samuel Rossiter began sentencing final defendants in the October protection scandal. Flatley faced 18 months to three years. Cracker McCarthy received 11½ to 23 months plus a $500 fine on bribery charges.
MENTIONED IN THIS ARTICLE
Erie
Thomas W. Flatley
Erie County
Samuel ¥. Rossiter
Flatley
John Costes
Jey Sherman
Rossiter
John “Cracker” McCarthy
William Carney
Court spars with old friend over sentence in McCarthy case
The judge said it was difficult to pass sentence on an old friend as McCarthy testified he faced a heart murmur. Carney argued McCarthy could perhaps run his Erie cigar store from county jail. In Newark, burglars struck Phillips Products Co. offices stealing two typewriters a check writer $37 and the burglar alarm.
MENTIONED IN THIS ARTICLE
Carthy
McCarthy
Carney
Erie
Newark
N. J
Phillips Products Co
Also Mentioned on This Page
Corry
All-Way Electric CO
LEED
Journal Filles
Corry Public Library
Marjorie Sullivan
Ralph Chiricuio
First Avenue
Quito
Ecuador
la Tierra
Jose Maria Velasco
Tarra
Briggs and Stratton, Clinton and
Continental Motors
Cady & Collier
America
Sélecor
Danny Thorn
Daddy
Alte TV
Bert Parks
Abc-Tv
Roy Rogers
NBC
Flye Rexall Drugs
N. Center
Corry Savings Cloan
Servi
Ners
Von
Delfield
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