Word: razors
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Gillette. After two days of heavy selling pressure had knocked Gillette Safety Razor Co. stock down $15 a share last week, bankers for the company announced that merger negotiations are still being carried on with Auto Strop Safety Razor Co., and if concluded will be presented to the Federal Trade Commission. Although a Gillette-Auto Strop merger would settle the suit in which Auto Strop charges that Gillette's new blade is an infringement of Auto Strop's patented Probak blade, it would not end Gillette's troubles. Last week Segal Lock & Hardware Co., potent gadgetmaker, was well along with...
...Cambridge, Mass, a crowd gathered to watch a man who, while washing windows on the ninth floor, was dancing a jig. Arrested for being a nuisance, the window washer, one James O'Reilly, asserted that he could also eat razor blades or glass, chewed and swallowed an electric light bulb to prove...
American Safety Razor...
Fortnight ago what every razorman had been expecting occurred. AutoStrop filed suit against Gillette for patent infringement, asked I) that Gillette discontinue manufacture of its new blade & razor; 2) that Gillette turn over to AutoStrop all profits earned from the new blade & razor; 3) that Gillette pay damages to AutoStrop for loss of AutoStrop sales caused by Gillette's blade & razor. Gillette had been awaiting the suit. In March a statement to shareholders said, in part: "We are not only prepared for any legal controversy but we invite it." As in the case of the Youngstown-Bethlehem steel merger...
Rumors that AutoStrop had surreptitiously obtained plans of the new Gillette razor, had quickly designed a blade to fit it, are roundly denied. AutoStrop claims that its blade will fit any double-edge razor. In November 1929 when first AutoStrop's Probak blades were marketed they fitted the following razors: Elite, Loew, Renard, Darwin, Holtz, H & T, Kace, Via and, of course, Gillette. Probak manufactures its own holder but has not advertised...