Evening star., 1931-05-23
Wall Street Briefs

By the Associated Press,
NEW YORK, May 2S.-Lone star
Gas Co., has acquired for cash the
entire plant. property, equipment and
assets of the Fort Worth Gas Co. The
Fort Worth Co. will liquidate its
business and surrender its charter. r.
| e. Harding, vice president of the Fort
Worth National Bank, and Ben z.
Keith of Fort Worth have been
elected to the Lone Star board of
directors.
The Calico Chemical Co OF Bound
| brook. N. j., subsidiary of the American
Cyanamid Co., has acquired the
National Ultra Marine Co. of Nor
wood, Ohio. The acquisition was
effected through an exchange of stock.
Arthur Curtiss James, director of
the Great Northern Railway. remains
| the largest individual stockholder of
| the road, the company's stock records
show. He holds $3.50 shares in his
| own name and in that Of Curtiss
SouthwesternsC Co. The George r. Baker
estate is the second largest shareholder,
with Is, 900 shares. Mr.. James holds
practically the same amount of Great
Northern stock he has held for years.
/ His name did not appear on the offlcial
list OF the company's 20 largest stock
| holders filed with the Interstate Com
merce Commission December 30, due
to the fact that his holdings at that
time were in process of being trans
! ferred from certificates, deposited for
the Great Northern-No Northern Pacific
merger, into regular stock and techni-
cally did not appear on the record.
w. S. Knudsen, president and gen.
eral manager Of Chevrolet Motor Co,
said the company's manufacturing
| plants are now operating an average OF
six days and five nights a week, while
the nine assembly plants throughout
the country are now on a five-and-a-
half -day-week basis, a normal rate for
both groups. The total company pay
roll is now in excess of $4,000 employees,
and some plants are on heavier pro-
ductivo basis than at any time since
the Fall Of 1929, he added.
The saxet Co, through its subsidiary,
Missouri Valley Gas Co.. has started
| and delivering system for its natural
| gas properties in the Hugoton Field,
| Southwest Kansas. The system will
have total length Of $50 miles and
will gather gas from the 81 wells Of
the Saxet Co.. in this field for delivery
to the S00-mile line Of Northern Nat
ural Gas Co., now nearing completion.
w. s. Fitzpatrick, chairman Of
Prairie Oil & Gas Co, in answer TO
an inquiry regarding reports of nero-
tiations for merger between his COM
papy and Sinclair Consolidated Oil
Corporation, said there are people In
terested in the stock Of both COM
panies who would like to bring us
together" He added that They have
not brought us together to talk about
merger terms as yet"
Creole Petroleum Corporation, the
Venezuelan Co Of the Standard Oil
| Co. OF New Jersey, has effected a plan
for simplifying its corporate structure,
under which Standard Oil Co. of
Venezuela will be made the operating
subsidiary and Creole will function
hereafter as q holding company The
| plan involves the ultimate liquidation
and dissolution Of three subsidiaries.
Webster Syndicate, Condor OIL Co. OF
Venezuela and the Rio Pa1mar OIL
Fields Corporation.
Henry 9. sturgis. vice president of
| the First National Bank Of New York,
has been elected TO the directorates OF
Pullman, Inc, and the Pullman Co.
| to NIL vacancies caused by the death
of George r. Baker
Receivers for the Fisk Rubber Co.
said operations for the four months
ended April 30 were conducted with
| out loss, and indications are that earn
ingS in the first half OF the year will
be sllficient to absorb all expenses, In
| Guiding depreciation. with inventories
at current market values.
Stockholders of vadsco Sales Cor
poration have approved a cut in the
states value OF i,o21.573 common
reduction of good will to $4,000, 600
from $7,952,3 $40 and retirement Of 1917
shares Of preferred stock.
May production OF the Chevrolet
Motor Co. Is estimated by H. j. Klinger,
general sales manager, at 10000 cars
and trucks, compared with 100000 In
April. He said Summer sales should
equal or better those of last year.
Revenues of manufactured and nat
ural gas utilities aggregated $i95, ,496, :
1898 during the f1rst quarter, as COM
pared with $2o3,576,2 ,209 for the first
quarter of last year. a decline Of 4 per
cent. according to reports from COM
panies representing nearly 90 per cent
Of the public utility distribution of
manufactured and natural gas, the
American Gas Association reports. The
manufactured gas companies reported
revenues of S10f ,674, ,793 for the quar-
ter, q decrease Of nearly 2 per cent
from a year ago. while revenues of
natural gas concerns totaled $93,S2l,-
500, a drop Of about per cent.
Shoe manufacturers leather stock on
March 81 showed a further drop Of 4
per cent below the previous month and
lis per cent below March, 1880, the
New York Hide Exchange reports. Tan
ners' stocks Of finished leather also
showed q decline from February, but
were 1873 per cent over March, 1880.
Finished stocks Of feathers made from
cattle hides III all hands were lower,
aggregating 1902. 900 hideS on March
81, against 7.777.000 at the end Of Feb
ruary, but were above March 81. 1890,
when stocks amounted to 7,034,000
hides.
F. w. Woolworth Co. sales have been
steadily increasing since the close of
April, and increased business Is looked
for in the second half Of the year,
stockholders were told at the annual
meeting.
Directors of the Mexican Seaboard
Oil Co. announced that 1t has been de-
cided to change the companys name
to Seaboard Oil and Gas Co.