Word: ponts
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Dates: during 1940-1949
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Died. Bessie Gardner du Pont, 85, first wife (1887-1906) of Chemicals Millionaire Alfred I. du Pont, biographer (Du Pont de Nemours, 1933) of the Du Pont clan; at her home near Wilmington...
...more than a year, giant E. I. du Pont de Nemours has been trying to drum up more competition for itself in the Cellophane business-and for a very good reason. The Justice Department had indicted Du Pont (which makes about 75% of U.S. Cellophane) on charges of monopolizing the business; Du Pont wanted more evidence to prove that this was not so. Although Du Pont offered to share its patents and know-how without charge, it could find no takers-and also for a very good reason. A new Cellophane plant would require an initial investment of around...
Last week, Du Pont finally found its long-sought competitors in Olin Industries, Inc., one of the biggest U.S. makers of cartridges, military small arms, and sporting rifles. Du Pont will sell Olin licenses on all Cellophane patents. Du Pont will also design and build a plant with a capacity of 33 million pounds of Cellophane a year on a fixed fee basis, and then help train Olin's personnel to get the operation started...
...Since 1908, Du Pont and Olin have each owned 49% of the Equitable Powder Manufacturing Co., which in turn controls three small subsidiaries which make blasting powder and dynamite...
McShain now has $100 million worth of buildings under contract, including Washington's $21.6 million General Accounting Office and the $16.8 million Clinical Health Center. He has just completed the $3.8 million Du Pont Circle underpass. On the White House job, he has to contract to complete it in 660 calendar days. He feels sure he can do it, though he won't have room to use more than 300 workers at a time. His big worry: dodging the souvenir hunters...