The Camden chronicle. (Camden, S.C.) 1888-1981, March 10, 1950, Image 3
.. • i- kt* • . " *■
Plon»
RiHXHf of Du Pn> Co.
Mailed To Sloddioldeis
dtWeame**^
,neetime P™?** 4 *”-
to ft buyers markt*
slocation” of ‘
xe company ms-
volume approM-
it larger than in
ious recofu year.
>f the increase waa
physical volume
and half to higher
les for the year
1,000. * . .
volume or goooa
Jted chiefly nram
lufacturing capadi-
le fibers, tetra-
lophane, plastics,
on ’Greater sales
more than offset
ie in other lines,
ice changes result-
ige increase of o
He company's sales
1949, by the end
witarHip
yet taet “
mObkkkd
gone forerer!
Lay to improved
[comfort—actually
deafness!
FREE V«Y OUTI
you can’t cocas—
ite for free book
5TICOH
CO.
BLDG.
IIA. S. C.
. t • f -i S t * ' ‘ i '
of the year this index was dlght-
U lowor than at the end <rf 1948.
dustries in which die company
operates, where supply now meets
or r"*'—** demand. A low point
of activity was readied by the
company around mid-year, fol
lowed by an Uptrend culminating
in a peak in September.'
The
ment -
cent more than in 1948. Profits
from operations last year were
$194,000,000, or 23 per,cent more
than 1948. The return on the
operating investment for 1949 was
10.3 per cent, compared with 9.3
per cent in 1948. The return in
1940 wag 9A per cent, it was
drawn.
The report revealed that Du
Pont ftpent $33,000,000 for re
search during 1949, excluding cost
of new facilities, as compared
with $31,000,000 In 1948.
*The company has for many
years adhered to a policy of
growth through aggressive re-
‘ 'i the devdop-
UD-
search and through
ment of new products to fill pu
lie needs,** Crawford H. Greene-
wait, president, declared. The
growth of Du Pout’s operating as
sets, which has averaged about
9 per cent a year ever die past
25 years. **is a measure of serv
ices rendered .f.. to tftb American
economy. ^
This policy of aggressive re
search baa resulted m many new
products which were only lab-
curiositles in the recent
said.
“In 7949 about 60 per cent of
the company’s sales resulted from
products that were unknown or
In thdr commercial infancy 20
years ago,” Mr. Greenewalt said.
’‘Production and sales of those
products are now giving employ
ment to approximatdy 40,000
the company's in-
fadlitks for
unounts to
million.
With fite development of new
products and growth of the eom-
peny, Du Pont sales are about 7
per cent of the. aggregate for4
American maasdacturers of chem
icals and allied products. The
company deals with more than
70,000 customers, most of which
aresmall businesses, he reported.
“The value added by the cus
tomers’ manblaetmring efforts to
the products purchased from the
company is, on the average, many
ter than die price re-
r DU Fonts There is a
Ve relationship between
large and small businesses, which
contributes much to the Ameri-
■ and to American
he said.
4H»
dally soundT a&tt
During 194ft, Du
$8«,00M&0 for additk
facturing capacity and
cilities, end for imprt,
existing equipment and
This compares with
in 1948, which ind
chase price of the I
ene plant which Du Pont
and operated tor the federal
$U1
■ as part of the __
expansion m synthetic rub-
— - *0
Expenditures for additional ca-
last year were principally
e manufacture of nylon
l . Pftcitv
‘ lor th<
of • plant
of “Orionr^-
started at
expense under
Nations plans,
disability Tienefits. life
insurance; pensions and vacations,
amounted to $37,130,000, plus an
additional $4,700,000 under fed
eral and state laws covering so
cial security and workmen’s com-
__ in
194ft was the best in Its _
Ohe time-losing injury occurred
for each . 1,400,000 man-hours
worked—an improvement of
about 14 per cent over 1948. The
rate is substantially less for the
company than for the chemical
industry as a whole, which rate
in turn is less than that of all in
dustry.
The number of different hold
ers of Du Pont stock increased to
a new high of 109,945 by the end
of the year. Substantially all of
the increase occurred in the hold
ers of common stock, following
the four-for-one split during the
There were 18,753 owners
of common stock and 23,570 of
preferred stock, there bing some
duplication of ownership.
tely 90,800 of the
stockholders are individuals who
hold some 32 per cent of the
shares outstanding. Of these in
dividuals, about 57 per cent are
women. The remainder of the
stock is owned by about 19,100
groups such as charitable, educa
tional and fraternal organizations,
insurance companies, estates and
banks.
These groups “represent mil
lions of persons who have a
beneficial interest in the earnings
of the company.”
mm on the ground of mere
siae: to hold that siae Is
synonymous with monopoly,
and to recommend general
legislation that would limit
corporate size or, alternative
ly. subject largo corporations
to government control" ho
said. "These trends In gov
ernment thinking can pro
foundly influence tha further
growth and prospects of the
company and of business gen-
“Any effort to penalize success
by placing arbitrary limits on
business growth, and so to thwart
the customer in the free exercise
of his judgment, cannot fail to
have adverse effects on our
economy and our standard of liv-
Mr. Greenewalt asserted,
e pointed out that Du Pont
has kept two principles in mind
in its growth and development.
The first is to diversify in
chemical fields to which it can
make substantial technical con
tributions. The second is to di
rect its efforts primarily to the
large and difficult tasks which
require great resources in tech
nical ability and finances.
Commenting on the anti-trust
suit field by the government to
force Du Pont'to dinraee of itf
General Motors stock, Mr. Greene
walt reiterated that the company
“intends to contest the charges
with the utmost vigor.”
He pointed out that the in
vestment has been a matter of
public knowledge since its origin
and that it' was investigated by
the government in 1927.
“It is surprising to find that
the government, 22 years after its
investigation, now considers the
investment to be illegal,” Mr
For a Tempting Trait
Choose
“Super-Righi” Meals
Libby’s
Canned Meats
CORNED
Beef Hash
*S£r33c
VIENNA
Sausage
17<
Corned Beef
ll-O*.
On 40c
deviled
Ham
nsf i8c
POTTED .
Meat
8c
13c
j.
\
Sirloin Steak lb.
PORTERHOUE OR
T. Bone Steak lb.
Club Steak 1__ lb.
BONELESS. TOP
Round Steak lb.
BONELEflS. BOTTOM
Round Steak — lb.
BONE IN
Roast, Rump, lb.
BONE IN _
Roast, Chuck, lb.
Short Ribs of Beef — lb.
Fresh Ground Beef lb.
D & D Turkeys lb.
FRESH
Frozen Shrimp lb.
Haddock Fillet lb.
CELLO. PKG.
Perch (Rosefish) lb.
.89
.97
.93
*93
.87
.79
.53
.35
.49
.63
.69
.39
.33
W FAMILIES ARE
COMING TO CAMDEN
ALMOST EVERY DAY
the fii
is at the office of the Camden Chronicle,
le come here to §ee if there are any houses
ipartments listed for rent or for sale.
[illllMIll 111 11 II II ill III I
RACT1CALLY EVERY NEW FAMILY
DESCRIBES FOR THE CHRONICLE
THE DAY THEY GET IN TOWN.
. ‘ —r* ? ~ ^ ■
a • 1 . ■ It » . ‘ "",
iany of those who expect to move to Cam-
during the next few months ore having the
ir sent to them at their present homes.
you want to get your name and buaneis
ire these new families as well as keep
ilore all of the old families you ought to
|e an advertisement in every issue ol the
lonkle.
1 ,V. ; • . ( v .
, V £ V ^i-ndp*- ■ "• ’ ri
I ' •. <>(? / .* *<!. . flB 9
jyou have any rooms, apartments or houses
Jnt or to sell, use the advertising columns
he Chronicle to let the newcomers know
•t them.
tfl eG .iW 1, 1 .
. > , ...
•e sure and effective way to reach every
[in Camden is through advertising in The
^niele. J
W T
RYBODY IN CAMDEN READS
•hr '
T—
(
ANN PAGE
Tomato
Soup
3 25c
ANN PAGE BLACK
Pepper.
Tft 28c
ANN PAGE SALAD
Dressing
Z 23c 39c
ANN PAGE
GRAPE
Jam
^ 37c
ANN PAGE
Sparkle
PUDDINGS
pk*. 5 C
ANN PAGE PREPARED
Spaghetti
2 ’“£?*' 25c
ANN PAGE
Beans
2 S2- 19c
•Fruits & Vegetables
FRESH
Green Beans
... 2 lbs
NEW GREEN
Cobbag
2 ibs
.29
Grapefruits,46-54$ .
— 3 for
* • "vr
.27
1 LB. BAG v >* '. .
Oranges
r - It
■ . ^
.43
IKIA» „
Yellow Onions
.. 2 Ibs.
.9
White Potatoes
% r
.10 tbs.
.35
RED RIPE
Tomatoes ——
/
.17
i * l r * ? , * 4 ;
. »
NEW RED
Bliss Potatoes _
.. 5 Ibs.
.29
■ 4
Outstanding Values Everyday
DOLLY MADISON SLICED FREESTONE
Peaches 3 Cans 29c
■ - - -
JUDGE BITE GOLDEN
Corn ---
COLDSTREAM PINK .
Salmon -
GOLDIN MAID WHITE
Margarine - -- -- - lit 20c
PACKERS LABEL STAND ABD
Tomatoes - tic
imxi AMERICAN
Cheese ** 41c
AAP
Kpple Sauce - - 2 ^ 25c
^PACKERS LABEL—STANDARD PACK
Green Beans - - 2Sl’21ci
SUNNYTIELD SELF-RISING
. _ _ - *?*• 75c
Flour
AAPEPUBI
dexo
LoChoy Chinese Style
Bean Sprouts
Chop Susy... MsaHoss
Brown Gravy Sauca
Chow Main Noodles
Chinese Dinners
Foods
2 &.*
27c
35c
15c
17e
51c
AJkPE PURI VEGITABLI SHORTENING
Sn' 67c
- ' ' *' • ■ r. f . ■. ^ '■£ ■ 'i£j
Marshmallows pw
Cracker Jacks i Pkg.
Hamburger, Swifts
SWIFT MEATS FOR BABIES
D sr 27c
17C
4c
41c
MILD A MELLOW
COFFEE
8
^ 67c $1.95
RICH A FULL BODIED
RED CIRCLE
70c $2.04
VIGOROUS A W1NEY
v BOKAR
? & 72c ^ $2.10
Homeetyle or Sandwich
MARVEL BREAD
‘tit. 18c
Jane Parker
Sponi* Bor Cokft f*
29c
Brown *n Serve Rolls
Pk h’* 15c
ASP Food Stores
/
CAMAY
SOAP
^ 10c
IVORY
FUKES
$6 25c
L.
4
LUX TOILET
SOAP
r ioc
LIFEBUOY
SOAP
10c
LUX
FUKES
^ 25c
SUPER
SUDS
-1,
LAVA
SOAP
2 S2 17c
PALMOLIVE
SOAP
5? 10c
v
CASHMERE BOUQUET
SOAP
3 £Si 23c
SNOWDRIFT
St 77c
1
WESSON
oil:
^ 77. & 53c
OCTAGON TOBLET
i SOAP ff^
2 »«• 11c
i