Word: ponts
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...What Du Pont did in World War I has been told chiefly by Congressional and journalistic witch hunters. Du Pont, in spite of its protests, was branded a "Merchant of Death...
This time E. I. du Pont de Nemours & Co., Inc. decided to tell its version of what it did in World War II. In a voluminous account last week, it underlined that munitions-making 1) is not its chief business, 2) had not been before...
...production of military explosives employed only 400 workers, accounted for less than 2% of Du Font's total sales. During the war, Du Pont built up its munitions capacity to a peak employment of 37,000, produced 4.5 billion pounds of explosives (20% more than the Allies used in World War I). But even in wartime, military explosives accounted for only 25% of Du Font's total production v. 85% in World War I. The rest comprised neoprene, nylon...
...years, Du Pont expanded production by building 54 government plants costing $1,034,000,000, turned out $895,000,000 worth of products. For this Du Pont charged the government 3.3% of the combined construction and operating costs. After taxes Du Pont's net compensation was less than 0.4% of total construction and operating costs, roughly $2,000,000,000. As evidence that it was not profiting in death, Du Pont cited its common stock earnings. During the war they were 21% below the 1939-41 levels...
Sniffing the heady air of inflation. Wall Streeters found almost all news good news last week. Though the steel strike squeezed off production in plant after plant, the market pushed right on up. In the climb, both cheap stocks and blue chips scampered. Du Pont hit 204 for the first time since...