Word: libbey
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Dates: during 1930-1939
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...Libbey-Owens-Ford Glass Co. of Toledo reported 1935 earnings of $8,167,000 compared to $3,161,000 in 1934. Like many another 1935 recovery, the improvement in Libbey-Owens-Ford Glass Co. depended largely on the 1935 boom in the motor industry. Libbey-Owens-Ford and Pittsburgh Plate Glass make some 90% of U. S. plate glass. They split this lion's share about evenly, 'but Libbey-Owens-Ford is the leader in safety glass production. Safety glass is made by sticking two ordinary sheets of glass together with a plastic binder. When struck, safety glass...
...York automobile show (see col. 3), traders bought motor stocks with more enthusiasm than selection. Packard, Nash, Reo, Studebaker, Hudson, Graham-Paige-everything on four wheels-went rolling through the market on high, even if it rolled on a deficit basis. Strong also were Murray and Briggs (bodies), Libbey-Owens-Ford (auto-glass) and Kelsey-Hayes (wheels). Other favorites were steels and oils, while farm implement stocks continued their recent rise (TIME, Oct. 28) with J. I. Case going over...
Last week able William Edward Levis, head of Owens-Illinois Glass Co., took over Libbey Glass Manufacturing Co. Libbey makes tumblers, glasses, finger-bowls, pitchers, all manner of glass tableware, is not to be confused with Libbey-Owens-Ford which makes plate glass. With the glass business, like the bottle business, boomed by Repeal, Libbey should earn about $500,000 in 1935. Mr. Levis paid for the Libbey company with 47,200 shares of Owens-Illinois stock which closed last week at 106 and so constituted a $5,000,000 consideration. Libbey will operate as an Owens-Illinois division with...
...ordinary plate glass, which is first heated close to the melting point in an electric furnace, then abruptly chilled by blasts of air. The surface, cooling and contracting faster than the inside, becomes a stretched, flexible skin and the inside retains some elasticity because of compression by the skin. Libbey-Owens-Ford has installed under license the special electric furnaces in which tempered glass was first made in Europe. The glass must be cut to size before furnace treatment because after tempering it is crumbled by cutting tools. It can be finished in various colors whose brilliancy is enhanced...
...each end. Another showed a girl poised near the tip of a bending springboard. The equipment came in for more attention than the posers because platform, seesaw and springboard were all made of glass. This flexible, resilient glass, called "tempered glass'' by its U. S. manufacturer, Libbey-Owens-Ford Glass Co., is about five times stronger than plate glass, can be bent or twisted 20° out of its plane, is unharmed by sudden temperature shifts, and when finally shattered by a severe impact does not fly into jagged slivers but crumbles harmlessly into small bits...