Word: ponts
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Meanwhile, at last week's end, many prime equities fell to apparent bargain levels. Examples: Du Pont (selling around 160 and paying $7.50), Eastman Kodak (selling around 140 and paying $6), Bethlehem Steel (selling under 80 and paying $3.75), United Aircraft (selling at 48 and paying $2.75), nearly a 5% rate of return on the cream of U. S. business. Traders with cash balanced the temptation to snap up these bargains against the thought that fresh Allied disasters might well knock the market down to still more attractive bargain levels before defense spending takes hold...
What helped the price war along was the action of Nylonmaker E. I. du Pont de Nemours & Co. in canceling minimum wholesale prices on the hose. Warned by recent U. S. Supreme Court rulings against Ethyl Gasoline Corp. and against twelve oil companies for fixing prices, Du Pont went further. The company waived all labeling requirements and announced that from now on any stocking maker could buy nylon yarn without a license...
There he weekended last week, driving up from Philadelphia through Valley Forge Park. There he looked over his stable of superb working Percherons (sired by mighty Fallowfield Buck, a pedigreed stallion bought from his friend Lammot du Pont) ; Brandy, his big Virginia hunter, favorite of his stables; dozens of new calves; his herd's milking records. He lunched with kindly, pretty Mrs. Pew in the mansion-house-a broad, yellowstone Pennsylvania farmhouse with a vast fireplace, beamed ceilings, wide-board floors. Over the rolling, spring-green hills he looked and said, with his quick, humorless smile: "I get about...
...generic word for a generic product, "nylon" looks like a permanent addition to the language. Most manufacturers prefer to trade-mark their courage. Paradox is that Du Pont (and Webster's) still capitalize Cellophane, a far more generic word to the man-in-the-street...
...such specialty products as gaskets, fuel hoses, heavy-duty wire insulation, U. S. industry is already making synthetic rubbers. They cost more than natural rubber, but surpass it in resistance to oil, oxidation, sunlight, acids. Notable among them are Thiokol and Du Pont's neoprene. But none of them has been turned successfully into the finished product that uses 77% of U. S. rubber consumption-tires...