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Grunow dealers everywhere, Mr. Grunow added :
"General Household Utilities did thirty-two million dollars' worth of business in thirty-four months, with insufficient capital. That's the situation in a nutshell. And it tells convincingly of the very overwhelming value we have built into Grunow radios and refrigerators. But lack of adequate working capital, for the volume we have been doing, made it nee
New Grunow exec — Howard J. Shartle, sales head of General Household Utilities Co.
essary for us to reorganize under WB. (77B is in no sense a receivership.)
"On Dec. 24 a plan of reorganization was filed. This plan is so fair to creditors and to stockholders that the assurance of more than 80 per cent of the debt and the consent of an overwhelming majority of the stock was instantly given (the law calls for an assent by only two-thirds of the debt and 51 per cent of the stock)."
Grunow distributors and dealers were further gratified to learn of the appointment of Howard J. Shartle as general sales manager of the company. Mr. Shartle brings to this important position a background of a quarter century in executive, sales and merchandising positions in the radio-music industry. For several years he was an important executive in the Victor Talking Machine Com
pany and over a long period was head of the Cleveland Talking Machine Company, Cleveland, Ohio, one of the most successful distributing organizations in the country. Mr. Shartle is, therefore, familiar with the marketing of specialty products from every conceivable angle. He knows the problems of jobber and dealer thoroughly and adequately, and is admirably qualified to work in close cooperation with every factor of the Grunow organization.
During the past few weeks, Mr. Shartle has surrounded himself with a corps of thoroughly experienced and capable merchandisers, including Otto Bowman, Jimmy Basmussen, Herbert E. Young, James J. Davin and IT. D. MacBae.
Every member of this staff has been identified with the merchandising of Grunow products for many years. Mr. Bowman is assistant sales manager; Mr. Basmussen is advertising manager ; Mr. Young is Eastern manager, with Mr. MacBae as his assistant. Mr. Davin is functioning as a division manager in Western territory.
RADIO HELPS SAFER DRIVING
* Simply because it seems ghastly and fantastic that motorists and pedestrians should be steadily mangled at an astonishing rate on the highways of the country, StewartWarner has moved to give the matter of safe driving the benefit of a big-time radio program. Altruistic gesture is similar to Squibb' ■; backing the cause of world peace, except that StewartWarner carries a banner of more immediate concern. Activity in the national campaign will center around the Alemite divi
John Shephard III, president of New
England's progressive chain, the
Yankee Network.
sion of the company, plugged every Thursday night on CBS by Horace Heidt and his popular entertainers.
JAPANESE MENACE
* A new and widespread source of radio interference on the short waves is reported coming' from incandescent electric lamps. Particular lamps, exhibiting no visible fault, are found to set up Barkhausen oscillations at 30 to 60 megac5'cles. Such oscillations are found especially prevalent in Japanese lamps. The oscillations are set up in the lamp filament itself, and have nothing to do with loose sockets or poor connections, which are other sources of radio interference.
MORE RADIO HOMES THAN AUTOS
Homes' with radio sets, Jan. 1, 1936
' 22,500,000
Sets in homes with two or more radios
3,000,000
Automobile radios in use, Jan. 1, 1936
3,000,000
Total radio sets in use, Jan. 1, 1936
28,500,000
Total passenger car registrations, Jan. 1936
22,450,000
Total homes with automobiles, Jan. 1936
17,650,000
Total residence telephones, Jan. 1936
11,000,000
Total homes with electricity, Jan. 1936
21,030,000
Total homes in United States, Jan. 1936
31,000,000
Compiled by Hndlu Todny
January, 1936