Business: The Bill for Ward's

Montgomery Ward Chairman John Barr last week reported the cost of the proxy fight to repel Raider Louis Wolfson. The bill: $692,250. The cost of the fight, plus a change in the method of computing the corporation's tax caused by a tax law change, cut the company's net for the first six months to $11,771,690, a 5% drop under 1954, despite a $22 million rise in sales. But Barr also had some good news. The company plans to open 100 new catalogue-order offices by the end of next year, the first sizable Ward expansion in 15 years. From Miami, Board Member...

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