Word: ponts
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Last week, at a Philadelphia meeting of economists from all over the U.S., this spending was given major credit for keeping the U.S. economy advancing. Teen-agers have a far greater impact than even their large income suggests, said Du Pont Economist Charles B. Reeder, the father of a teen-age son. Reeder based his prediction of continued economic advance in the nation largely on the growing economic power of the twelve-to-19 group, chided his colleagues for "paying too little attention to the teen-ager's existence, economically speaking...
...PONT, on the other hand, presents a 45-minute commercial that succeeds be cause of its fast pace and good timing. Live actors are synchronized with film excerpts, song-and-dance routines with cartoon characters. The cast performs as though it were not all for a synthetic cause...
Unfinished Business. In the grandstand, mutuel clerks watched incredulously while bettors tore up losing tickets on Gun Bow and hugged each other with delight. Allaire du Pont dashed around the winner's circle, kissing everybody in reach. And what was Kelso doing? Trotting calmly off to the barn to catch up on his sleep. After all, there was still some unfinished business to attend to-a small matter of $38,737. With $1,711,132 already in the bank (including his day's pay of $70,005), that was all that stood between the sturdy old champion...
Chrysler and General Motors set historic highs during the week, and Ford came within an inch of its alltime peak. Many companies that sell to the automakers-in steel, copper, rubber, glass -also jumped smartly. Another fast riser was Du Pont (up 17 points, to 276), which still holds 23 million shares of G.M. stock...
...That is a higher-than-average amount for industry, but it is not so high as that paid by a handful of major companies. The oil companies, in general, are the most generous, and a 30-year man at Standard Oil of Indiana gets $343 a month. At Du Pont he gets $298, at Cities Service $297, at General Electric $266 and at A.T. & T. $224. The most generous major pensioner listed in a recent Government survey was Grumman Aircraft, whose 30-year, $400-a-month retiree can get as much as $415 a month. Among the tightest...