The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-10-05
GERMAN LOAN
TO BE- OFFERED
BY OCTOBER Is
Americas Share OF ST.
900, 900 Offering To Be
Taken Promptly
BY .. C. FORBES

BY ID, C. FORBES
Here are the facts about the German
loan;
Everything 10 being planned to issue
the loan here between the tenth and
twentieth Of this month.
All major negotiations have been COM
German representatives are now In
London arranging final details S.
Bankers -tsei confident that there Ia
now no room for hitch.
Unless, Therefore, something entirely
unexpected crops up. the public viii De
invited to subscribe about the middle
Americas share-haif or more of the
100000, 900 total-will be promptly
taken. The influential bankers handling
the issue will see TO that.
Mexico ia likely to become big cus-
TONER for American products before
Russia. Russia is the last country in
the world our conservative financial
and Industrial leaders feel like doing
business with today. 80
Sears, Roebuck g. Co. has sold less
goods this year than II sold last year.
Montgomery Ward sales have increased
$1e,0o0. 900. In September last year this
house sold not quite $1o, 900 ,000 worth,
1
$13, 800, 900. ~
has suffered two major misfortunes
Quite sometime ago, It lost its general
manager, man who was regarded as
without peer In the whole country.
He died. Then the concerns other bril-.
liant star, Albert II. Loeb, next In COM
mand to President Julius Rosenwaid,
lost his health and has not been in n
Arzd An - n Ma@ a
long spell. Mr.. Rosenwald would be
the first to admit that the success Of
his company was due In no small meas
ure to the energy. the enterprise, the
foresight, the judgment OF these two
colleagues.
new blood infused into II, both finan-
cial and managerial II has since been
going ahead very rapidly. Investors,
however, do not have the same faith
4n 1t az they have In Rosenwald's or
8anization. One responsible business
man remarked this week: There Is only
one reason have not touched Mont
gomery Wards shares. Il don't like
the stock market record OF the tobacco
man now dominating It,"
A tip for Pacific coast cities:
understand that bucket shops"
driven out Of New York some time ago
les on the Pacific coast. am also told
some of them are astounded at the size
and richness Of the crop Of Suckers"
The authorities would do well to i'm
Nestigate. 49,
The Van Sweringens' denials thai
their intention towards non-depositing
stockholders was to treat 'em rough,n
was hardly needed. The Cleveland
brothers have all along shown that they
are not built that way.
Keep your eye on David A. Schultz,
the tobacco chain store wizard. He has
been coming to the front very impress
siveiy. It was he who last year ac-
quired control of the old-esta blished
firm OF Park & Tilford, doing a large
wholesale cigar, perfume, grocery and
importing and exporting business. It
was Schultz who very recently bought
the History, Aeolian Hall building, in,
Forty-second street, New York, valued
at some $4,000. 900. Now comes the an
nouncement that Schultz has obtained a
controlling interest in the Vivadou COM
pany. famous manufacturers and dis
tributors of perfumes. Schultz also
owns and operate a string of subsi-
diary companies connected with the to-
bacco business.
Mr.. Schulte's real estate operations
incidental to the acquiring of several
hundred retail tobacco stores have net
ted him millions OF dollars, according
10 close associates. Unlike some pow
erful heads OF big enterprises, Schultz
has the reputation of having shared
most generously with his co-worlkers.
! am told that he let's them en- every.
deal which promises to yield hand
some profit. He works quietly, smooth
ly, unspectaEularly. He INDUCES In no
bluster, no fireworks.
His further progress should be worth
watching. ALI his ambitions have not
yet been fulfilled. One big achievement
acts as an incentive to tackle another.
An election scare" Is still looked
upon upon by Wall street as posibiI-
ity between now and November a.