du Pont Rubber

On the New York Stock Exchange, last week, U. S. Rubber climbed steadily from 44 1/2 to 52 1/2. The du Fonts were mentioned. It was no secret that Irenee, Constance, Mary B., A. Felix & Bertha du Pont had become, within the last year, large stockholders of U. S. Rubber. Equally well known was the fact that du Pont-Legate Henry Davis had recently been chosen a director. Accordingly, at the end of the week, President & Chairman Charles B. Seger resigned. To his office was elected F. B. Davis Jr., President of du Pont Viscoloid Co. The change meant that the du Fonts had full control; it presaged a close alliance between General Motors Corp. (25% du Pont) and U. S. Rubber, onetime "biggest" manufacturer of rubber products.*

*In 1923 Goodyear won first place, lost it to U. S. in 1924-25, regained the lead in 1926-28.