Word: ponts
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...Pont de Nemours, a consistent stock-market leader, reported that its first-quarter sales of $403 million were down 8% from last year. Nevertheless, said President Crawford Greenewalt, profits were expected to be "well above net earnings realized in the first and last quarter...
Died. Pierre Samuel du Pont, 84, longtime (1915-40) head of the world's largest chemicals empire, E. I. du Pont de Nemours & Co. (assets: $668,587,711); in Wilmington, Del. Du Pont developed the first practical smokeless powder (1893), during World War I made a fortune supplying munitions to the Allies. After investing $49 million in General Motors, he borrowed $35 million more (1920) to save the company from bankruptcy, soon put G.M. back on its feet. Assailed as a "merchant of death" during the early '30s, Pierre began to plow wartime profits into peacetime research, developed...
TITANIUM has finally been marked by the Government for a big new expansion program. The General Services Administration is ready to sign contracts with Du Pont, Dow Chemical and Union Carbide & Carbon for the output of three new plants costing $80 million. The plants, plus earlier contracts, will boost production from 2,800 to 32,500 tons a year, but this will still be far from enough for aircraft and other uses. Estimated needs by 1960: 150,000 tons a year...
...PONT, which is spending $1,000,000 a year on titanium research, has just passed on the first fruit of its work by cutting the price of basic titanium metal for the first time. New prices: a range of $4.46 to $4.72 a lb. (old price...
Another person she talked with on the Greenewalt story was the late Lammot du Pont, whose great hobby was wood chopping. During this discussion Liz got a long lecture on the theory and rewards of wood chopping. "I must admit," she says, "that I was still a bit skeptical about the rewards after it was over...