Never long withdrawn from public attention are the names of William Carl Grunow and Bertram James Grigsby. Year after year, the behavior of the common stock of their Grigsby-Grunow (Majestic) radio manufacturing company has been the sensation of the Chicago Exchange. For this reason, and because the radio industry is a potential and actual sufferer in time of depression, general interest was attached last week to these items of Grigsby-Grunow news:
Sales of Majestic sets for three months ended May 31 were $221,000 as against $244,000 in the same period last year.
Refrigerators. Production of new Majestic Household Utilities Co., first Grigsby-Grunow step toward diversification (TIME, April 28) begins in July. Maiden product: a mechanical refrigerator.
Resignation. From Radio Manufacturers’ Association, enthusiastic Mr. Grunow and precise Mr. Grigsby last week in indignation retired. Reasons: Radio Corp. of America is establishing monopoly by recent purchase of General Electric & Westinghouse patents. Radio Manufacturers’ Association refuses to help the U. S. government investigate Radio Corp. or act to prevent Radio Corp. monopoly.
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