Word: ponte
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When men's summer suits made out of new synthetic fabrics appeared last y»ar, they were little more than a novelty. Supplies, from the pilot plants first built by the big chemical companies (Du Pont, Union Carbide, etc.), were so limited that few customers could get suits. Last week, for the first time, the suits were available in goodly quantities. Result: merchants, whose clothing business had been in a marked slump, found customers crowding their stores with a curiosity faintly reminiscent of the onetime rush for ballpoint pens...
Synthetics still have a long way to go to overtake wool (annual U.S. consumption: 478 million Ibs.). But Du Pont, Union Carbide and others are building and blueprinting big new plants, which shortly will permit a tremendous expansion in production. Soon dynel will be spilling out at a rate of 26 million Ibs. a year, Dacron at 35 million Ibs., Orion at 36 million Ibs. When that time comes, the wool industry, already quaking, will have to look sharp lest it go the way of silk...
Chemicals. Union Carbide & Carbon's sales rose $6,000,000, but its net fell 20% (to $23 million). Du Pont's sales were up $2,000,000 and the net was "substantially" off. Said President Crawford H. Greenewalt: "The seller's market . . . is ... a thing of the past. .. The slump in textiles affects Du Pont most seriously...
...trucks made straight for the airfield, where a chartered DC-3 stood waiting. Alemán and three henchmen took the U.S. money aboard, leaving the rest to be changed later at Cuban banks. In Miami, he carried the currency to the Du Pont Building headquarters of his $70 million Florida real-estate empire where, an employee has said, "bundles of $1,000 bills were tossed around like wrapped packages of pennies." Later a reporter asked Alemán, "How did you get all that money out of the Treasury?" "It was easy," said Alemán. "In suitcases...
Fair Deal trustbusters, who have sued to force Pierre, Irénée and Lammot du Pont to give up their control of General Motors, last week asked Chicago's federal court to lengthen the list of defendants. The Government wanted to cite 183 additional members of the Du Pont family in the alleged antitrust conspiracy dating back to 1914. In Wilmington, Del., Lammot du Pont, noting that 96 of the defendants are under 21 years of age and 61 of them under 14, cited, as the prize new defendant, Irénée's granddaughter...