Word: pont
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Dates: during 1940-1949
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Like every big business and many small ones, E.I. du Pont de Nemours & Co. was worried about the "problem drinker." Absenteeism and inefficiency had made it the company's problem as well as the drinker's.† Five years ago, Du Pont put a man known only as "Dave" on the payroll. He was a former tennis pro who had quit drinking, thanks to Alcoholics Anonymous. In Detroit last week, Dr. G. H. Gehrmann, Du Pont medical director, told a meeting of industrial physicians how Alcoholics Anonymous-and men like Dave-could help companies cure their dipsomaniacs...
...women's indoor championships, California's bouncy 25-year-old Gertrude ("Gussie") Moran took the court for the finals against fellow Californian Nancy Chaffee. Gussie was out to prove that her strong semifinals play against National Champion Margaret Osborne du Pont at Forest Hills last September was no fluke. She did; hitting a powerful ball, she made it a 35-minute match...
Antitrust. Monopolists were having a rough time. In a Cleveland federal court, Timken Roller Bearing Co. was convicted of conspiring with its British and French affiliates to fix world prices of roller bearings and restrict competition. In Manhattan, E.I. du Pont de Nemours & Co., National Lead Co. and three individuals were fined a total of $43,000 (the maximum) for operating a worldwide cartel in titanium pigments. The companies were already under court order to license titanium production at a reasonable royalty...
That gave Christiana the distinction of paying out 99.9% of earnings and the biggest dividend of any U.S. company required by law to make a public report. It also gave the public a clue to the income of the famed Du Pont clan. Christiana, formed in 1915, is in effect the Du Pont family's own investment trust, in which the Du Ponts own or control 79,859 shares. Christiana owns 27.42% of the common stock of E.I. du Pont de Nemours & Co., which, besides making explosives and Cellophane, owns 22.67% of General Motors and 60.17% of Remington Arms...
...highest-priced stock on the market. It was quoted last week, over the counter, at $3,005 bid, $3,055 asked. Even at that price, it seemed to be a bargain. By buying a share of Christiana, an investor would indirectly own 19½ shares of Du Pont stock, almost three shares more than if he had spent the same amount of cash to buy Du Pont stock...