Business: Montgomery Ward Stores

Many a U. S. town too small to belong to the Kiwanis International is large enough to have its own luncheon club of town merchants. Many such clubs look with alarm at the entrance of the first Atlantic & Pacific Tea store, the first Woolworth or the first Liggett. Alarm among luncheon club members increased last week when they learned that there was another invasion to fear. Montgomery Ward & Co., Chicago, announced that within a year a chain of 150 retail stores would be in operation under their name.

Anticipating anxiety in the...