TWO LARGEST MAIL ORDER FIRMS MERGE New Corporation Will Have Assets of $235,000,000 - $450,000,000 Business BIG SAVING POSSIBLE Exact Terms of Merger Not Yet Completed, Pending Government Approval
BIG SAVING POSSIBLE
Chicago newspapers reported that the largest interests in Sears Roebuck and Montgomery Ward, the two largest mail order houses in the country, had been conducting informal negotiations for several weeks toward forming a new corporation that would absorb both companies, with stock in the new concern exchanged for stock in the old ones. Exact terms had not been worked out pending government approval, and financial observers estimated that the merger would produce a saving in annual operating expenses.
Chicago, Oct. 26 - (AP) - A new corporation with assets of $235,000,000 and an annual business of more than $450,000,000 is seen by LaSalle street in plans for the merger of Sears Roebuck & Co. and Montgomery Ward & Co., the two largest mail order houses in the country.
Informal negotiations, conducted by the largest interests of both concerns for several weeks, have now reached a point where government sanction will be sought, Chicago newspapers said today. New Corporation Formed The plan, according to LaSalle street's information, is the formation of a new corporation to absorb the present companies, with an exchange of stock of the new concern for that of the old companies. Exact terms have nto been worked out, pending governmental approval.
Financial observers estimated the merger would effect a saving of $10,000,000 to $15,000,000 a year in operating expenses. The outlay now made by both houses for catalogues alone runs between $15,000,000 and $20,000,000.
The largest interests in Sears Roebuck is held by Julius Rosenwald, with LaSalle street estimating his holdings around three-quarters of the 4,200,000 share of no-par capital stock outstanding, with a current market value of nearly $164,000,000. The largest interest in Montgomery Ward is held by the J. P. Morgan-First National Bank group of New York, estimated at around one-third of the 1,141,251 shares of $10 par common stock outstanding, with a market value of $25,000,000.
The total combined business of the two corporations this year is expected to exceed $470,000,000 compared with $429,000,000 last year. Net earnings of Sears Roebuck in 1925 were $20,-975,304, equivalent to $5.22 a share on the present stock, while Montgomery Ward earned $11,388,498, equal to $8.06 on the common.
Reproduced unchanged from The Bismarck Tribune, October 26, 1926, page 1.
This text reflects the language, attitudes and errors of its time. A Century Late publishes it as a historical document.
Text: read from the Library of Congress scan by A Century Late, within the article boundaries of American Stories (Dell et al., 2023), DOI 10.57967/hf/0757.
Yesterday's paper
October 26, 1926. The original articles, with the text exactly as it appeared and scans of the original newspaper pages, from that day’s editions of the following publications:The Bismarck Tribune, The Indianapolis Times, Daily Kennebec Journal, and Evening Star.
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Today's paper
October 27, 1926. The original articles, with the text exactly as it appeared and scans of the original newspaper pages, from that day’s editions of the following publications:The Bismarck Tribune, The Daily Worker, Daily Kennebec Journal, The Washington Times, New Britain Herald, Evening Star, and The Alaska Daily Empire.
You do.
TWO LARGEST MAIL ORDER FIRMS MERGE New Corporation Will Have Assets of $235,000,000 - $450,000,000 Business BIG SAVING POSSIBLE Exact Terms of Merger Not Yet Completed, Pending Government Approval
BIG SAVING POSSIBLE
Chicago newspapers reported that the largest interests in Sears Roebuck and Montgomery Ward, the two largest mail order houses in the country, had been conducting informal negotiations for several weeks toward forming a new corporation that would absorb both companies, with stock in the new concern exchanged for stock in the old ones. Exact terms had not been worked out pending government approval, and financial observers estimated that the merger would produce a saving in annual operating expenses.
Chicago, Oct. 26 - (AP) - A new corporation with assets of $235,000,000 and an annual business of more than $450,000,000 is seen by LaSalle street in plans for the merger of Sears Roebuck & Co. and Montgomery Ward & Co., the two largest mail order houses in the country.
Informal negotiations, conducted by the largest interests of both concerns for several weeks, have now reached a point where government sanction will be sought, Chicago newspapers said today. New Corporation Formed The plan, according to LaSalle street's information, is the formation of a new corporation to absorb the present companies, with an exchange of stock of the new concern for that of the old companies. Exact terms have nto been worked out, pending governmental approval.
Financial observers estimated the merger would effect a saving of $10,000,000 to $15,000,000 a year in operating expenses. The outlay now made by both houses for catalogues alone runs between $15,000,000 and $20,000,000.
The largest interests in Sears Roebuck is held by Julius Rosenwald, with LaSalle street estimating his holdings around three-quarters of the 4,200,000 share of no-par capital stock outstanding, with a current market value of nearly $164,000,000. The largest interest in Montgomery Ward is held by the J. P. Morgan-First National Bank group of New York, estimated at around one-third of the 1,141,251 shares of $10 par common stock outstanding, with a market value of $25,000,000.
The total combined business of the two corporations this year is expected to exceed $470,000,000 compared with $429,000,000 last year. Net earnings of Sears Roebuck in 1925 were $20,-975,304, equivalent to $5.22 a share on the present stock, while Montgomery Ward earned $11,388,498, equal to $8.06 on the common.
Reproduced unchanged from The Bismarck Tribune, October 26, 1926, page 1.
This text reflects the language, attitudes and errors of its time. A Century Late publishes it as a historical document.
Text: read from the Library of Congress scan by A Century Late, within the article boundaries of American Stories (Dell et al., 2023), DOI 10.57967/hf/0757.
Reproduced unchanged from The Bismarck Tribune, October 26, 1926, page 1.
This text reflects the language, attitudes and errors of its time. A Century Late publishes it as a historical document.
Text: read from the Library of Congress scan by A Century Late, within the article boundaries of American Stories (Dell et al., 2023), DOI 10.57967/hf/0757.
Yesterday's paper
October 26, 1926. The original articles, with the text exactly as it appeared and scans of the original newspaper pages, from that day’s editions of the following publications:The Bismarck Tribune, The Indianapolis Times, Daily Kennebec Journal, and Evening Star.
Receive the original news from the press of 100 years ago, daily, weekly or monthly. Subscribe by December 1, 2026 and get
20% off for life!
Today's paper
October 27, 1926. The original articles, with the text exactly as it appeared and scans of the original newspaper pages, from that day’s editions of the following publications:The Bismarck Tribune, The Daily Worker, Daily Kennebec Journal, The Washington Times, New Britain Herald, Evening Star, and The Alaska Daily Empire.
You do.
TWO LARGEST MAIL ORDER FIRMS MERGE New Corporation Will Have Assets of $235,000,000 - $450,000,000 Business BIG SAVING POSSIBLE Exact Terms of Merger Not Yet Completed, Pending Government Approval
BIG SAVING POSSIBLE
Chicago newspapers reported that the largest interests in Sears Roebuck and Montgomery Ward, the two largest mail order houses in the country, had been conducting informal negotiations for several weeks toward forming a new corporation that would absorb both companies, with stock in the new concern exchanged for stock in the old ones. Exact terms had not been worked out pending government approval, and financial observers estimated that the merger would produce a saving in annual operating expenses.
Chicago, Oct. 26 - (AP) - A new corporation with assets of $235,000,000 and an annual business of more than $450,000,000 is seen by LaSalle street in plans for the merger of Sears Roebuck & Co. and Montgomery Ward & Co., the two largest mail order houses in the country.
Informal negotiations, conducted by the largest interests of both concerns for several weeks, have now reached a point where government sanction will be sought, Chicago newspapers said today. New Corporation Formed The plan, according to LaSalle street's information, is the formation of a new corporation to absorb the present companies, with an exchange of stock of the new concern for that of the old companies. Exact terms have nto been worked out, pending governmental approval.
Financial observers estimated the merger would effect a saving of $10,000,000 to $15,000,000 a year in operating expenses. The outlay now made by both houses for catalogues alone runs between $15,000,000 and $20,000,000.
The largest interests in Sears Roebuck is held by Julius Rosenwald, with LaSalle street estimating his holdings around three-quarters of the 4,200,000 share of no-par capital stock outstanding, with a current market value of nearly $164,000,000. The largest interest in Montgomery Ward is held by the J. P. Morgan-First National Bank group of New York, estimated at around one-third of the 1,141,251 shares of $10 par common stock outstanding, with a market value of $25,000,000.
The total combined business of the two corporations this year is expected to exceed $470,000,000 compared with $429,000,000 last year. Net earnings of Sears Roebuck in 1925 were $20,-975,304, equivalent to $5.22 a share on the present stock, while Montgomery Ward earned $11,388,498, equal to $8.06 on the common.
Reproduced unchanged from The Bismarck Tribune, October 26, 1926, page 1.
This text reflects the language, attitudes and errors of its time. A Century Late publishes it as a historical document.
Text: read from the Library of Congress scan by A Century Late, within the article boundaries of American Stories (Dell et al., 2023), DOI 10.57967/hf/0757.
Reproduced unchanged from The Bismarck Tribune, October 26, 1926, page 1.
This text reflects the language, attitudes and errors of its time. A Century Late publishes it as a historical document.
Text: read from the Library of Congress scan by A Century Late, within the article boundaries of American Stories (Dell et al., 2023), DOI 10.57967/hf/0757.
Yesterday's paper
October 26, 1926. The original articles, with the text exactly as it appeared and scans of the original newspaper pages, from that day’s editions of the following publications:The Bismarck Tribune, The Indianapolis Times, Daily Kennebec Journal, and Evening Star.
Receive the original news from the press of 100 years ago, daily, weekly or monthly. Subscribe by December 1, 2026 and get
20% off for life!
Today's paper
October 27, 1926. The original articles, with the text exactly as it appeared and scans of the original newspaper pages, from that day’s editions of the following publications:The Bismarck Tribune, The Daily Worker, Daily Kennebec Journal, The Washington Times, New Britain Herald, Evening Star, and The Alaska Daily Empire.
You do.
TWO LARGEST MAIL ORDER FIRMS MERGE New Corporation Will Have Assets of $235,000,000 - $450,000,000 Business BIG SAVING POSSIBLE Exact Terms of Merger Not Yet Completed, Pending Government Approval
BIG SAVING POSSIBLE
Chicago newspapers reported that the largest interests in Sears Roebuck and Montgomery Ward, the two largest mail order houses in the country, had been conducting informal negotiations for several weeks toward forming a new corporation that would absorb both companies, with stock in the new concern exchanged for stock in the old ones. Exact terms had not been worked out pending government approval, and financial observers estimated that the merger would produce a saving in annual operating expenses.
Chicago, Oct. 26 - (AP) - A new corporation with assets of $235,000,000 and an annual business of more than $450,000,000 is seen by LaSalle street in plans for the merger of Sears Roebuck & Co. and Montgomery Ward & Co., the two largest mail order houses in the country.
Informal negotiations, conducted by the largest interests of both concerns for several weeks, have now reached a point where government sanction will be sought, Chicago newspapers said today. New Corporation Formed The plan, according to LaSalle street's information, is the formation of a new corporation to absorb the present companies, with an exchange of stock of the new concern for that of the old companies. Exact terms have nto been worked out, pending governmental approval.
Financial observers estimated the merger would effect a saving of $10,000,000 to $15,000,000 a year in operating expenses. The outlay now made by both houses for catalogues alone runs between $15,000,000 and $20,000,000.
The largest interests in Sears Roebuck is held by Julius Rosenwald, with LaSalle street estimating his holdings around three-quarters of the 4,200,000 share of no-par capital stock outstanding, with a current market value of nearly $164,000,000. The largest interest in Montgomery Ward is held by the J. P. Morgan-First National Bank group of New York, estimated at around one-third of the 1,141,251 shares of $10 par common stock outstanding, with a market value of $25,000,000.
The total combined business of the two corporations this year is expected to exceed $470,000,000 compared with $429,000,000 last year. Net earnings of Sears Roebuck in 1925 were $20,-975,304, equivalent to $5.22 a share on the present stock, while Montgomery Ward earned $11,388,498, equal to $8.06 on the common.
Reproduced unchanged from The Bismarck Tribune, October 26, 1926, page 1.
This text reflects the language, attitudes and errors of its time. A Century Late publishes it as a historical document.
Text: read from the Library of Congress scan by A Century Late, within the article boundaries of American Stories (Dell et al., 2023), DOI 10.57967/hf/0757.
Reproduced unchanged from The Bismarck Tribune, October 26, 1926, page 1.
This text reflects the language, attitudes and errors of its time. A Century Late publishes it as a historical document.
Text: read from the Library of Congress scan by A Century Late, within the article boundaries of American Stories (Dell et al., 2023), DOI 10.57967/hf/0757.
Yesterday's paper
October 26, 1926. The original articles, with the text exactly as it appeared and scans of the original newspaper pages, from that day’s editions of the following publications:The Bismarck Tribune, The Indianapolis Times, Daily Kennebec Journal, and Evening Star.
Receive the original news from the press of 100 years ago, daily, weekly or monthly. Subscribe by December 1, 2026 and get
20% off for life!
Today's paper
October 27, 1926. The original articles, with the text exactly as it appeared and scans of the original newspaper pages, from that day’s editions of the following publications:The Bismarck Tribune, The Daily Worker, Daily Kennebec Journal, The Washington Times, New Britain Herald, Evening Star, and The Alaska Daily Empire.
You do.
TWO LARGEST MAIL ORDER FIRMS MERGE New Corporation Will Have Assets of $235,000,000 - $450,000,000 Business BIG SAVING POSSIBLE Exact Terms of Merger Not Yet Completed, Pending Government Approval
BIG SAVING POSSIBLE
Chicago newspapers reported that the largest interests in Sears Roebuck and Montgomery Ward, the two largest mail order houses in the country, had been conducting informal negotiations for several weeks toward forming a new corporation that would absorb both companies, with stock in the new concern exchanged for stock in the old ones. Exact terms had not been worked out pending government approval, and financial observers estimated that the merger would produce a saving in annual operating expenses.
Chicago, Oct. 26 - (AP) - A new corporation with assets of $235,000,000 and an annual business of more than $450,000,000 is seen by LaSalle street in plans for the merger of Sears Roebuck & Co. and Montgomery Ward & Co., the two largest mail order houses in the country.
Informal negotiations, conducted by the largest interests of both concerns for several weeks, have now reached a point where government sanction will be sought, Chicago newspapers said today. New Corporation Formed The plan, according to LaSalle street's information, is the formation of a new corporation to absorb the present companies, with an exchange of stock of the new concern for that of the old companies. Exact terms have nto been worked out, pending governmental approval.
Financial observers estimated the merger would effect a saving of $10,000,000 to $15,000,000 a year in operating expenses. The outlay now made by both houses for catalogues alone runs between $15,000,000 and $20,000,000.
The largest interests in Sears Roebuck is held by Julius Rosenwald, with LaSalle street estimating his holdings around three-quarters of the 4,200,000 share of no-par capital stock outstanding, with a current market value of nearly $164,000,000. The largest interest in Montgomery Ward is held by the J. P. Morgan-First National Bank group of New York, estimated at around one-third of the 1,141,251 shares of $10 par common stock outstanding, with a market value of $25,000,000.
The total combined business of the two corporations this year is expected to exceed $470,000,000 compared with $429,000,000 last year. Net earnings of Sears Roebuck in 1925 were $20,-975,304, equivalent to $5.22 a share on the present stock, while Montgomery Ward earned $11,388,498, equal to $8.06 on the common.
Reproduced unchanged from The Bismarck Tribune, October 26, 1926, page 1.
This text reflects the language, attitudes and errors of its time. A Century Late publishes it as a historical document.
Text: read from the Library of Congress scan by A Century Late, within the article boundaries of American Stories (Dell et al., 2023), DOI 10.57967/hf/0757.
Reproduced unchanged from The Bismarck Tribune, October 26, 1926, page 1.
This text reflects the language, attitudes and errors of its time. A Century Late publishes it as a historical document.
Text: read from the Library of Congress scan by A Century Late, within the article boundaries of American Stories (Dell et al., 2023), DOI 10.57967/hf/0757.
Yesterday's paper
October 26, 1926. The original articles, with the text exactly as it appeared and scans of the original newspaper pages, from that day’s editions of the following publications:The Bismarck Tribune, The Indianapolis Times, Daily Kennebec Journal, and Evening Star.
Receive the original news from the press of 100 years ago, daily, weekly or monthly. Subscribe by December 1, 2026 and get
20% off for life!
Today's paper
October 27, 1926. The original articles, with the text exactly as it appeared and scans of the original newspaper pages, from that day’s editions of the following publications:The Bismarck Tribune, The Daily Worker, Daily Kennebec Journal, The Washington Times, New Britain Herald, Evening Star, and The Alaska Daily Empire.