Business: TIME CLOCK: Mar. 17, 1961

MINIMUM WAGE BILL to broaden coverage and raise the floor from $1 to $1.25 by 1964 got past first hurdle, the House labor committee. Bill would add 4,300,000 workers, including big chain stores, to the 21 million covered. Defeated: a clause to take in 500,000 hotel, motel and restaurant employees.

80-FOR-1 SPLIT was authorized for common stock of Christiana Securities Co., the holding company controlled by the Du Ponts. Present price: around $15,800. Number of shares authorized will go from 150,000 to 12 million. Christiana's principal holdings: 27% of Du Pont, which in turn owns 22% of General Motors.


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