The Washington herald., 1914-04-26
LYNCHBURG firm BUYS
Large Shoe INTERESTS
Craddock-Terry Company Acquires
Two Manufacturing and Wholesale
Businesses of St. Louis.
OPENS UP WESTERN TERRITORY

Lvnchburs. Va. April sit was
learned today. from an authoritative
source, that negotiations have Just been
! coDsunmatcd whereby the CraddoC K
Terry Company, OF this city acquired
the large manufacturing and wholesale
shoe business Of BurrOw. Jones & Over
Shoe Company. OF ST. Louis. and with II
the haut-Reith Shoe Company. Of that
City. This. II is stated. constitutes one
Of the most important steps in the his
tory Of LvnChhurg's shoe business. and
the officers of the company are confident
in that the move not only means a large
increase OF business for the company.
but that ii strengthens. in many impur-
tant features. the already strong position
OF the company
The Burrow. Jones & Dyer Shoe Com
pany have an established business cf
more than $4,000 and operate two
large and successfully organized shoe
faCtorics-One in st. Louis and the other
at Louisiana. Mo. These factories will
be operated on lines of shoes different
from those made in the I.ynChburg fac
tories. being such as the Craddock-Terry
Company are now having made for
them In Kew England and Western fac
tories. The deal will afford a most de-
sirable reciprocal arrangement between
the factories located in Lynchburg ana
those in the West
The CraddoCk- Terry Company factories
in LynchhurC will supply the St Louis
wholesale house with the lines Of shoes
which can he oest made here: and. on
the other hand. the Western factories
will make for the LynChburg house the
lines which haI Ie been most successfully
developed and made in that section.
The kaut-Reith shoe factory. which is
also taken over in the deal, make one
OF the strongest and most popular lines
of misses and Childrens shoes in the
country. These shoes are made by a
new process. and in a very superior man
ner. and in the development Of these lines
particularly the company feels that there
is a great future
1t was pointed out by one Of the officers
of the company that. aside from the man.
ufacturing and distributing advantages
furnished by this consolidation. that even
more important still. i'm the Judgment of
the president and the board of directors
was the fact that some of the strongest
and most successful shoe men of ST
Louis would he interested with the COM
pany and furnish the organization for the
western department. To be associated
with the company in st. Louis. among
others, are w. F. McElrOy and w. NJ.
Sloan, who. for a number OF years, had
charge of. and through their able man.
agement developed the large manufac-
turing interest of Hamilton-Brown Shoe
Company. of st. Louis.
This consolidation opens up to the
CraddockTerry Company the Central
Mississippi Valley and the Southwest, in
Texas, Oklahoma, and Arkansas.
the very territory which il has been hard
to serve promptly and satisfactorily from
Lynchburg. The Lynchburg house will,
as heretofore, devote most Of its efforts
to the territory south of the Ohio and
Potomac and east of the Mississippi
rivers, while the St Louis house will de-
velop and concentrate its efforts on that
rich and rapidly growing section of the
Middle West and Southwest.
John W. Craddock, president. and Mr..
George Mahon, auditor of the company,
are now in st. Louis perfecting the de-
tails of the consolidation.