Word: ponts
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...Wall Streeters, biggest profit disappointment was the booming chemical industry. First-quarter output rose 40% to new peaks but profits of 25 companies ($50,813,000) were down 4% from year ago. Even giant, well-managed Du Pont (with spectacular new successes like nylon and neoprene to help out), found quadrupled taxes eating away profits faster than they could be made, saw net drop from...
...this expansion, bouquets go to 31-year-old millionaire-socialite Richard Chichester du Pont, onetime champion glider pilot. Talked about since a piano-wired Bleriot monoplane officially hauled the first sack of mail in 1911, rural air mail was just talk until handsome young Du Pont got the bright idea that overcame the two big obstacles to small-town air mail: expense of landing fields, loss of time and money making stops. Du Font's idea: land only when necessary, otherwise swoop low over clearings at 100 m.p.h., simultaneously drop incoming mail, pick up outgoing letters and packages...
With this idea, Du Pont formed A.A.A. and in May 1939 landed the first Post Office contract for pick-up airmail service. He has been snagging pouches ever since. His A.A.A. has flown more than 900,000 revenue miles, completed 91.6% of its schedules, had only one minor mishap (a plane nosed over in a snow-covered field). He serves towns as small as Glenville, West Va., pop. 588, as large as Wilmington...
...Pont (munitions): electrical equipment...
...been made. Socony-Vacuum's former Monterrey manager, Herr Wilhelm Giesecke (a regular caller at the Nazi Consulate) is "no longer employed." Joseph A. Heedles, the U. S.-born (Brooklyn, N. Y.) member of Mexico City's famed distributing firm of Heedles & Breidsprecher, longtime agents for Du Pont, Remington Arms, Fairbanks, Morse & Co., etc., this month bought out his German partner. Some U. S. exporters are naturally reluctant to break old and profitable trade relationships so long as the U. S., not being at war, has no official blacklist. Some have long made a point of neither knowing...