Word: libbey
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...Libbey-Owens-Ford...
...predicts that the bull will soon jump to his feet and start pawing the ground again. He will first need a heavy feeding of richer sales and earnings. Yet many investors are buying such stocks as U.S. Steel, Montgomery Ward, Libbey-Owens-Ford for the long pull. Says San Francisco Investment Broker George Davis of Davis, Skaggs & Co.: "These stocks are being bought by men with eyes over the hump, while the others are all moaning about 'what...
...growing so acute (because of 200% jump in cut-rate imports since 1954) that prices of heavy sheet window glass and light picture-frame glass are being lowered 7% to 16%. Big companies, operating some plants at 50% to 75% capacity, are going along with cuts started by Libbey-Owens-Ford to match foreign prices, but complain that reductions are unrealistic because glass workers' wages will soon rise about 12? an hour...
...well above the previous peak of $93,525,000, set in 1953. Other record-setters: Sylvania Electric Products, with $9,556,210, 55% over last year; American Can, with $28,932,161, up 18%; Alcoa, with $55.779.754, 71% over 1954; Vanadium Corp., with $42,516,191, up 59%; Libbey-Owens-Ford, with...
Many years back, for example, when Manhattan's Carl Byoir took over the Libbey-Owens-Ford plate-glass account, he got architects to plug for more glass in houses, had a book written on glass, encouraged automen to stress the safety features of more visibility (and more glass). By increasing the overall use of glass, Byoir helped boost sales of his client...