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Newspaper
Delaware County Daily Times
Location
Chester, Pennsylvania, United States of America
Date
Jul 07, 1981
Page
12
Mostly sunny hot and humid today and Wednesday with highs 90 to 95 and lows near 70. Fair mild tonight. Thursday and Friday count on continued sun and heat with similar highs. Saturday brings showers or thunderstorms, high 85 to 90. Tides Delaware River near Chester high at 6 25 p.m. low at 12 54 p.m.
Joseph Giovanetti of Upper Darby and Mary Di Pietro of Broomall. Ronald Swerdon of Aston and Carol Alberici of Berwyn. Francis Link Jr. and Nancy Middleton of Aston. Andrew Xaras and Christine Nolan of Lansdowne. Filippo Marchionni and Vi olet. A Boyle, Edmund L Dale Sr, Kenneth L Mueller, Joseph J McLaughlin, Eve M Brig gman, Margaret N Thomas, Mary B Burbidge.
E I Du Pont de Nemours will acquire Conoco Inc in a 7.3 billion dollar stock and cash deal. The move challenges Seagram and would place the combined firm around seven on the Fortune 500 with about 32 billion in sales. Conoco will operate autonomously under the agreement while Du Pont exchanges 1.6 shares for each Conoco share.
Washington reports the Federal Home Loan Bank Board data showing an all time high for average committed rates on new conventional mortgages to buy a single family home with 75 percent LTV and 25 year term. The rate rose to 16.75 percent in early June, up from 16.12 in May and 12.52 at a low point. Poor deposit flows at savings and loan institutions and higher borrowing costs contributed to the jump.
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