Word: wilmington
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...ever, totaled only $7,187,000, and sales for 1949 were down to $5,850,000. But Lord McGowan planned to expand his U.S. marketing facilities to handle some of the 12,000 products, ranging from dynamite to penicillin, made in I.C.I.'s 100-odd British plants. In Wilmington, Du Pont took the news calmly. Said a spokesman: "Du Pont has been competing vigorously with I.C.L in the British Empire, and it is logical to expect that in the British quest for dollar exchange they would try every means to better their competitive position in the U.S." In Washington...
...billion-dollar, globe-girdling Imperial Chemicals Industries, Ltd., has long been the staunchest champion of gentlemanly agreements which divide the world's markets. But this week. Lord McGowan reversed his field. Imperial Chemicals announced that it would invade the U.S. markets of its great & good friends, Wilmington's E. I. du Pont de Nemours...
Business was also good in Wilmington, Del. E. I. du Pont de Nemours & Co. reported 1949 earnings of $4.52 a share ($1.24 more than in 1948), an alltime record. The boost was due largely to bigger dividends from General Motors Corp., of which Du Pont owns 22.6%. Du Pont directors declared a 75? quarterly dividend, up 20% from 1949's first quarter...
...separate grocery chains, the U.S. complained that A. & P. failed to mark up prices the normal amount. There was no question of monopoly, for A. & P.'s share of total business had shrunk from 11.6% in 1933 to 6.4% in 1949. In the same manner, Antitrust went after Wilmington's Du Pont empire, called it "the largest single concentration of industrial power in the U.S." But did this mean that it was thus, automatically, too big? Should the test be mere size or should it be efficiency...
Died. Bessie Gardner du Pont, 85, first wife (1887-1906) of Chemicals Millionaire Alfred I. du Pont, biographer (Du Pont de Nemours, 1933) of the Du Pont clan; at her home near Wilmington...