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Show jJ.C Penney Merger Still In the Balance The executives of the J. C, I'ennty Co. have not discussed the basis of a merger with any Chicago miil order or-der house. Some time airo w committee was chosen from our executives to study the economic ?dvantage that might grow out of the merging of our organization or-ganization with one of the large mail order hourcs. There are many unsolved proMcnit;' in the field of distribution. Mass product pro-duct 'on ha. outstripped the facial : cf distribution. Wherecvcr pos. iide, improvement is being made in th t-'onwii'-s of merchandising in order ; to provide a better service for the I consumer ti well as generate a greater great-er enthusiasm among the work Tlie initial study now being ';-' by our organizat -on to di termini what benefits ' might Ik- secured though a combination of mail-order and over-t.he-tountiy service will be j (Tnij'Ieted in tlie near future. I No Men- further Mian this ha: li-f-'-n ' made nor will it Le. mn'.!c.J'nle t the 1 fact resulting frvm th!'iTjd;.-; sur-.T.y i .rrai't furihTTi'Cotiothtfcs h-aiing . f ai d ;- merger. |