Word: ltd
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Dates: during 1930-1939
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Just before he sailed home on the Normandie last week, taciturn, tweedy Sir George Ernest Schuster, chairman of the board of Lipton, Ltd., received newshawks in his suite at Manhattan's Waldorf-Astoria and imparted to them a bit of last-minute information. Last February, said Sir George, he had become president of Thomas J. Lipton, Inc., when the stock of that U. S. company had been wholly acquired by his English corporation. Why his election had not been announced before he did not explain, observed vaguely: "There never has been a time when the strengthening of economic ties...
Next day Thomas J. Lipton, Inc. filed with the Securities & Exchange Commission a registration statement for 52,000 shares of new $25 par 6% cumulative preferred stock and 200,000 shares of $1 par Class A common stock, which represented the second and final recapitalization made by Lipton, Ltd. since February. With SEC's permission. Hallgarten & Co., Manhattan underwriters, will exercise options on 26,000 shares of preferred and 100,000 shares of Class A common and resell it to the U. S. public. The rest, together with 200,000 shares of Class B common equal in voting rights...
Since 1931 the U. S. company has been administered as part of the Lipton estate by Lord Inverforth and other Lipton trustees. Its sale last February brought it not only into closer union with the English company but into the corporate constellation of Unilever, Ltd., huge European margarine and soap combine (TIME, Oct. 15, 1934). Many a U. S. investor was surprised to learn last week that Lipton, Ltd. is among the myriad companies which Unilever dominates...
...firms are currently engaged in an active struggle for U. S. sales of the best substitute for glass, in eyeglasses, binoculars, cameras and magnifying glasses, developed since Venetians invented spectacles in the 13th Century. Roehm & Haas Co. makes Plexigum, Plexiglas, Acryloid and Acrysol in Philadelphia; Imperial Chemical Industries, Ltd. sells Diakon and Perspex from its Manhattan office; Du Pont Viscaloid Co. makes Pontalite (TIME, Sept. 21, Dec. 28) and Lucite at Kearny...
...most powerful, most inconspicuous newspaper magnates in Britain is a sandy-haired, London-born Jew, 67-year-old Julius Salter Elias (TIME, March 8), boss of Odhams Press Ltd., who has an interest in over 100 periodicals, ranging from the Daily Herald, a Labor paper with over 2,000,000 circulation, to Debrett's (Britain's Social Register). Fleet Street newshawks have long been certain of one fact about elusive Publisher Elias-that for years he has coveted a title, to become formally the peer of Britain's only two comparable press tycoons, Barons Beaverbrook (Daily Express...