The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-07-18
DUPONT INVESTORS
REAP RICH HARVEST
shares which Sold at 800 Now Up 20
500 and May Soon Reach
$1,000 Level.
wrIMINGToN's GOLDEN EGGS
Delawarians Receiving Large Finan-
eaal Gains From Business Of Blood.
Everybody Getting Rich on Powder
Enhancement.


pany, and other concerns of this city,
are on the verge of realizing undream-
ed-of riches due to the fact that Du-
POINT common stock has jumped from
its par value OF 500 a share to s7Vo,
with possibilities and expectations OF
IL going to $1,000 before many weeks.
war orders being filled by the big
powder company are responsible Tor
tsnis condition.
some of the stock held by the en-
pIoyes was given them in connection
with its profit-sharing system. while
others have been Investing their saw
ings in the stock for years, and with
the stock rising by leaps and bounds
those employees are dazzled by pros
poets of riches. which year ago they
never dreamed OF.
The war orders being filled by the
company have also helped this city
In other ways. for machine shops are
running at full speed, turning out ma
chinery for the powder company.
Nine thousand men are employed at
the Carney Point, N. j.. works, across
the Delaware River from here, in adj
dition to those employed at the mills
north Of this city.
Sudden Imitation of Wealth.
SuCn a S0uuSfI bhlt1ttohA Va fS~~~~
wealth has never occurred, II Ii be-
lieved here. In an old city like Will
mington, which has piodded along In
a quiet way for so many centuries.
The boom is equailed only by the
Pittsburg steel boom and the rush TO
wealth of mining towns the city was
founded In 1888. and at present has
a population of roughly 100000. The
total wealth represented In the city
before the present war was estimated
at s75, zoe. 900. This amount now has
been trebied. and Wilmington bust
ness men see a possibility that II VIII
touch the billion mark. Even should
the war through some unforeseen cir
cumstances come TO a sudden end, the
present contracts will run until 1917.
and reports from the allied nations In
dictate that. profiting from their pres
emit experience, they will not stop or
dering after ssse war. until they have
amassed stores In preparation for an
other sudden conflagration.
The DUPONT powder works, estah.
ushed In 1909 were purchased by a
syndicate OF four members OF the FAM
ily rust 100 years later. The Govern
ment brought suit against the COM
pany under the Sherman law in 1907.
and the parent company was divides
into three concerns, the DUPONT Pow
der Company. the Hercules Powder
Company, and the Atlas Powder Com
pany. The first of these issued $1s..
0ss, 600 in preferred stock. and s2s,-
3sT, 900 in common. the Hercules
Company issued $4,000 shares OF
common, later increased to ls.ooe
shares, and 5i1.fs0 shares OF pre-
ferred, and the Atlas Company issued
. t. n@ A4A
in preferred. The par value of all
these shares In sioo. Today the Du-
Point common is selling around $3.50.
making an increase In valuation OF
S1TT.ooe. ooe The DUPONT preferred
shows an increase In market value OF
ss.oss.oeo. The Hercules common
shows an increase In market value
OF ssl. 1000, 900, and the Hercules pre-
ferred of s7o0. 900. and the Atlas COM
mon has increased 100000 In mar
ket vaime. The Hercules Company has
bonded Indebtedness OF $l.10e, 600.
wssich has been called for payment on
August /. nearly rs per cent of this
money coming to Wilmington fnves-
tors
Wflnington's Large Holdings
The great share OF Wilmington In
these enterprises was shown last
MaTCn, WnSH IHS AhtrtHntAohns AAsSs
smokeless Powder and Chemical Com
pany was liquidated by the payment
OF 100000 on the common and
$4,000 on the preferred stock. II
was estimated that not more than
$500. 900 of the total amount went
out Of the city.
fee A proportion estimated mt rs pes
cent OF the outstanding stock In aeid
by workmen and other employees OF
the companies who have received II
as bonuses for Inventive works and i'm
provements In processes An instance
is given of one employe who received
twenty shares of DUPONT as a bonus
for an invention. and who told his
brokers to sell this when it reached
sa50 a share. They disobeyed his
instruction. and the workman, now
that the stock has reached $3.50, Il
waiting for II TO touch $1,000.
The great change which the acces.
sion of values In expected to brins
to Wilmington will not be fully in evi.
dence until August and September
when the dividends are declared
Holders OF the several stocks are look.
Ing forward confidently to the distri.
button of immense dividends
secret OF Good Work.
Nnsa a..r - - ~ = a n IN