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...Chicago, where young leadership is a tradition (William Rainey Harper was 35 when he became first president of the new university, ex-Chancellor Robert Hutchins took over at 30). As he moved in as the new boss of Chicago's Federated Theological Faculty, Midwesterner Brauer (from Fond du Lac, Wis.) immediately announced completion of a detailed 16-point program to revolutionize the seminary...
...every five eligible workers decided to invest up to 10% of their pay in G.M.'s future, and the corporation started making deductions from paychecks. Ford will bring out a similar plan to help employees buy Ford stock (if and when it is put on sale). Du Pont, which started a stock plan last month, reports that nearly 70,000 (out of 87,000) eligible workers have signed up. But despite their increasing popularity, stock-buying programs are also the center of a growing argument on whether they are good for companies and their workers...
...currently $180) at a $20 discount. G.M. buys 50? worth of stock for a worker for each $1 he puts into savings (of which one-half is invested in Government bonds and one-half in G.M. stock), and also promises to make up the difference if the price drops. Du Pont gives a 25% stock bonus for each $1 the worker invests in savings bonds. In the oil industry, Sun Oil, Gulf, Standard of California. Standard (N.J.), Pure Oil and Cities Service all add to their workers' kitty with as much as 50% worth of stock or bonds. Other...
...selling waves rolled in. Yet the market handled the huge volume well; the ticker was rarely more than two minutes late. By early afternoon there were still some stocks that the specialists, trying vainly to find buyers for or finance themselves, could not handle. American Tobacco, Du Pont, Procter & Gamble, General Foods were still not open. Not until 3 o'clock, 30 minutes before the close, did Du Pont finally get on the board. The price: 11,000 shares at 210, down a whopping 20⅞ points...
...once boomed as a wonder metal, is going begging. Demand is so low (8,000 tons yearly, v. industry capacity of 22,500 tons) that the Office of Defense Mobilization has curbed expansion of production by withholding aid, e.g., fast tax write-offs, for titanium plants. As a result, Du Pont will change plans for making titanium in Tennessee...