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Anniversary Reminder

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  • Crosley@yahoogroups.com
    Reminder from: Crosley Yahoo! Group http://groups.yahoo.com/group/Crosley/cal October 3, 1952: Crosley Motors reports huge loss. Monday October 3, 2011 All Day
    Message 1 of 556 , Oct 2, 2011
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      Reminder from: Crosley Yahoo! Group
       
      Title: October 3, 1952: Crosley Motors reports huge loss.
       
      Date: Monday October 3, 2011
      Time: All Day
      Repeats: This event repeats every year.
      Location: Cincinnati, Ohio.
      Street: CROSLEY CAR OWNERS CLUB (CCOC)
      City State Zip: 4526 29th Avenue, Kenosha WI 531409-3044
      Notes: CINCINNATI (AP) - Crosley Motors, Inc., which has discontinued making automobiles, today reported a net loss of $1,981,486 for the fiscal year ending July 31.

      The report to stockholders listed the company's net sales during the year as $5,617,542, compared with $8,795479 for the previous year. Current assets were listed as $1,887,486 with liabilities at $1,872,733. The net working capital was reported at $14,897, compared with $1,071,947 on July 31, 1951.

      The manufacture of Crosley automobiles was discontinued in June. The report said that action left the company with a $350,000 inventory for chassis and body parts and commitments for parts, represented by open purchase orders of approximately $1,600,000.

      The management, the report said, is negotiating for the sale of the inventory and disposition of outstanding commitments. A $500,000 reserve fund has been set up for possible losses in liquidating the inventory and satisfying order commitments.
       
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    • Crosley@yahoogroups.com
      Reminder from: Crosley Yahoo! Group http://groups.yahoo.com/group/Crosley/cal 1948: Powel Crosley III dies at 36. Monday June 4, 2012 All Day (This event
      Message 556 of 556 , Jun 3, 2012
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        Reminder from: Crosley Yahoo! Group
         
        Title: 1948: Powel Crosley III dies at 36.
         
        Date: Monday June 4, 2012
        Time: All Day
        Repeats: This event repeats every year.
        Location: Miami, Florida.
        Street: CROSLEY CAR OWNERS CLUB - 4526 29th Avenue
        City State Zip: Kenosha, Wisconsin 53140-3044
        Notes: Powel Crosley III, the son of Powel Crosley Jr. and Gwendolyn Bakewell Crosley, dies of a sudden heart attack at his Miami home. He had been the general manager for the Crosley Marine Research Laboratory in suburban Coral Gables, Florida. He is survived by his widow and three sons, all of Miami.
         
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