Word: ponts
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...Pont, the nation's biggest chemical manufacturer, increased its profits over the same period last year by 28% to $96 million. It seemed to be a sign that the company, after three years in the doldrums, is in for some better sailing in the near future...
Died. Edgar Monsanto Queeny, 70, president (1928-43) and board chairman (1943-60) of Monsanto Co., the nation's third biggest chemical maker after Du Pont and Union Carbide; of coronary thrombosis; in Ladue, Mo. Through judicious acquisitions and canny expansion into new products, Queeny raised Monsanto to the widely diversified giant that today chalks up annual sales of more than $1.6 billion...
...robbed of $780,000 worth at Saratoga a year ago, and their insurance premiums must be ferocious. Coins can be better guarded, but someone recently stole Willis du Font's collection only the other day he got back a single coin worth $100,000. His cousin, Alexis I. du Pont, may be better off with his collection of antique airplanes, though they take up so much room that the poor fellow has had to build himself a complete airport...
...years and $75 million to develop (compared with $27 million for nylon). Thus it was no wonder that the security at Du Font's Chattanooga, Tenn., pilot plant took on Pentagon proportions. To the trade, it was known simply as "Fiber Y." Even at the press preview, Du Pont took no chances of leaking the process before it hits the market at year's end. Six models wearing Qiana garments were escorted by armed guards to prevent any overanxious competitor from the common practice of snipping a sample swatch...
...versatile new fabric, which sells for about $5 to $8 per pound (versus $9.30 for silk), will be found initially only in women's fine apparel, but eventually will be used in all types of clothing. For Du Pont, whose sales and profits, after a long lag, have shown an upturn this year, costly Qiana is not expected to mean an overnight boom. It will, however, take the company into a new area-and help offset sagging textile profits caused by overproduction...