Business & Finance: Absorbers

Last week it was announced in Chicago that Carson, Pirie, Scott & Co., large department store, had bought out the John V. Farwell Co., wholesale dry goods dealers. John V. Farwell announced that he and his brothers wished to retire.

It was estimated that $5,000,000 worth of merchandise was involved, aside from good will and organization. John T. Pirie declared that the transaction was broached and completed within five days.

Carson, Pirie, Scott & Co. (now 91 years old) previously had absorbed three other businesses: in 1885, Charles Gossage & Co.; in 1891, Storm...

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