Word: ponts
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Announcement made last week by E. I. du Pont de Nemours & Co. that it had invested $14,000,000 of its $21,436,642 surplus profits in 114,000 shares of U. S. Steel common stock at an average of $122.80 per share, caused a stir in Wall Street. Current reports that Pierre Samuel du Pont, head of the concern and chairman of the board of directors of General Motors Corp., and his associates had bought many shares of U. S. Steel with private resources stirred mild rumors to the effect that Mr. du Pont was seeking Judge Elbert...
Viewed in the light of a shrewd investment, the du Pont activity had a strengthening effect on the stock market last week, as did the news that General Motors profits for the first six months of 1927 were $129,250,207, the largest net earnings of any U. S. corporation since the abnormal World War profits...
Married. Elizabeth Frances du Pont, 21, daughter of Philip F. du Pont (retired executive of the E. I. DuPont de Nemours & Co.); to Richard Dorsey Morgan, 22, office manager of the Bell Telephone Co.'s Philadelphia branch; at Bel Air, Md., after eloping...
...committee, which included: Dean Gerald L. Wendt of physics and chemistry at Penn State; Professor Frank C. Whitmore, chemistry head at Northwestern University; Director Willis R. Whitney of chemical research at the General Electric Co.'s Schenectady laboratories; Chemical-Director C. M. A. Stine of E. I. du Pont de Nemours & Co.; Research Director C. E. K. Mees of the Eastman Kodak Co.; Frederick W. Willard of the Western Electric Co., Chicago...
...optimistically of U. S. business and credit conditions, as he did last week upon sailing for a brief vacation in Europe, buyers of stock exchange securities become optimistic. Their enthusiasm last week pushed the price of U. S. Steel common stock to 165%, General Motors to 182 ⅜, Du Pont to 216 ⅞ Delaware & Hudson to 195 ½. These were record quotations for these important securities...