Word: wilmington
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...shares at the rate of one new share for every 20 currently held. Wall Streeters expected Du Pont to sell the options it will get for 1,000,000 new shares (it now owns 20 million), thus reduce the percentage it holds in G.M. But in Wilmington the company announced that it would pick up the options and buy 1,000,000 shares to keep its percentage at the same level. Cost to Du Pont: between $75 and $85 million, depending on the final offering price. At the news G.M. jumped 2⅛ points, to 100 on the New York...
...card, representing the passenger's choice of space, is passed through an electronic scanner that prints the Pullman ticket automatically. Elapsed time: two minutes. To accommodate customers ordering reservations from other locations, Pennsy has a photoelectric wire system connecting 30th Street with other ticket offices in Philadelphia and Wilmington. When the scanner prints the ticket, Western Union's "Ticketfax" sends out a facsimile to the point of purchase...
Workmen will this week finish transplanting in the old Yard two White Pines which were taken from North Wilmington as replacements for diseased Dutch Elms. The 30 to 35 year old trees were selected as the largest that could be moved through the gates...
Died. Eugene du Pont, 81, a director of E. I. du Pont de Nemours & Co. and great-grandson of its founder, father of Ethel du Pont Warren, onetime wife of Franklin D. Roosevelt Jr.; after long illness; in Wilmington...
They are: Jacob E. Berger '55 of Dudley and Brookline, Mass. (Biochemistry); Michael J. Cambern '55 of Winthrop and Wichita, Kansas (Romance Languages); Joseph Cooper '55 of Dunster and Akron, Ohio (Government); Peter Duus '55 of Winthrop and Wilmington, Delaware (History); Charles J. Epstein '55 of Adams and Philadelphia (Chemistry...