Word: ponte
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...Pont Show of the Week (NBC, 10-11 p.m.). Art Carney stars in a play about the last-surviving comedian in a society where comedy has become a capital offense. Color...
Lammot du Pont Copeland, president, E.I. du Pont de Nemours...
...against aluminum, concrete and other substitutes. Oil is competing against natural gas, plastics against glass, and the new aerospace giants, while trying to beat the Russians, not only have to wrestle with each other but also face such competitors as General Electric. General Motors and IBM. In 1950, Du-Pont had one competitor in polyethylene resins; today it has 16-which is one reason why its basic prices have melted 12% since 1954 and its profits will slip a bit this year even though sales will...
...high that earnings after taxes were an estimated 5.7% of invested capital, compared with 6.7% a decade ago. While profit totals are running at record highs, the businessman is finding it harder to raise his percentage of profit on sales. Says Du Font's President Lammot du Pont Copeland, 58, a Harvard-educated scion of inherited wealth: "Keener competition may be good for the economy, but it takes its toll in profits...
...usual optimists had a field day, the fence-sitters felt stirrings of commitment, and even the normally cautious allowed themselves a grunt or two of satisfaction. The sentiments of U.S. businessmen, from the corporate chief to the corner clothier, were captured by Wall Street's Francis I. du Pont & Co.: "The current upswing in business seems to have something for everybody." Only six months ago many trendspotters had worried aloud about a mild recession in 1963, but the 20 professional economists reporting to the semiofficial Business Council last week saw the gross national product rising 4% to $578 billion...