Business & Finance: Chain Stores

Early this year Merrill, Lynch & Co. sold their branch offices to E. A. Pierce & Co., became specialists in chain stores. Last week they compiled the results of 52 chain store companies for last month and for the first nine months of the year. During September total sales were $310,535,660, a 4.16% decline. For all 52 chains, nine month sales came to $2,904,181,652, a 1.65 gain. Nine-month returns for the biggest 23 were:

NINE MONTHS % 1930 1929 Change Great Atlantic & Pacific 800,168,990

$ 750,945,457 4-6.5 Sears Roebuck (to Sept. 10) 251,637,498 269,113,582 -6.5 Kroger Groc. & Bak. (to Sept. 27)...

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