Kresge's New Chain

The astonishing success of the low-price chain store companies has led S. S. Kresge, President of the S. S. Kresge Co., to organize the Kresge Department Stores, Inc., with a capital of $25,000,000 cumulative preferred 7% stock, and 200,000 common shares of no-par value. This Company will take over the L. S. Plaut Co. department store in Newark, as the first of a chain of such stores across the country.

The Plaut store, established in 1870, is the second largest depart- ment store in Newark, and occupies one-quarter of...

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