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Died. Pierre Samuel du Pont, 84, longtime (1915-40) head of the world's largest chemicals empire, E. I. du Pont de Nemours & Co. (assets: $668,587,711); in Wilmington, Del. Du Pont developed the first practical smokeless powder (1893), during World War I made a fortune supplying munitions to the Allies. After investing $49 million in General Motors, he borrowed $35 million more (1920) to save the company from bankruptcy, soon put G.M. back on its feet. Assailed as a "merchant of death" during the early '30s, Pierre began to plow wartime profits into peacetime research, developed...
TITANIUM has finally been marked by the Government for a big new expansion program. The General Services Administration is ready to sign contracts with Du Pont, Dow Chemical and Union Carbide & Carbon for the output of three new plants costing $80 million. The plants, plus earlier contracts, will boost production from 2,800 to 32,500 tons a year, but this will still be far from enough for aircraft and other uses. Estimated needs by 1960: 150,000 tons a year...
...Du...
...March 15 cover of TIME shows four bullets with "Dum Du Dum Dum" written over them to represent the classic Dragnet theme. If these were drawn, as I suspect, to represent dumdum bullets, I credit the artist, Boris Chaliapin, with the finest pun TIME has made in quite a while...
...DU PONT, which is spending $1,000,000 a year on titanium research, has just passed on the first fruit of its work by cutting the price of basic titanium metal for the first time. New prices: a range of $4.46 to $4.72 a lb. (old price...