Business & Finance: Highest Stock

Last week the common stock of S. S. Kresge & Co. (five and ten cent stores) began to climb, to leap ahead, now five points, now ten points, like an excited tree-toad. Before the week was over it stood at $705, an advance of 46 points a share.

Many people watched with delight this phenomenal rise. Among them was not S. S. Kresge. It is said that S. S. Kresge does not take delight in anything. Although he has brought happiness to thousands of investors in his stock, to millions of patrons of his stores, the personal life of this swart storeman is not a happy one. His first wife discovered, after living with him for a number of years, that he was “sulky,” divorced him. His second wife, young, is suing for divorce and for $7,000,000 “heart balm.” His stock is the highest listed on the New York Stock Exchange, but he does not care.