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It seems like the partnership dissolved or Gronauer died or retired or whatever, but here is an advert from 1918 when E. D. Schneider was trading under his own name, and saying that...

As far as I can make out, Gronauer & Schneider was a Barber Supplies Company in Memphis, Tenessee. I have found records for them spanning 1889 - 1905, but they may well have traded outside of these...