American Woolen

Skepticism concerning the future of the American Woolen Co. has for a long time been current among business men generally, and Wall Street stock traders in particular. The resignation (TIME, Sept. 15) of William M. Ward as President, although undoubtedly due to the stated cause of ill-health, aroused further concern. Finally, the annual report of the Company for 1924 appeared as a fitting climax. It showed that the Company had had the worst year since its organization in 1899.

During last year preferred dividends were maintained, but...

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