Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-03
Hughes Tool Expands
Common Holdings
In 7. W. A.
S. E. c. Report Shows
Ownership Of Nearly
40 Per Cent
FIN CIAL.

By the Associated Press.
The Securities Commission dis
closed today that Hughes Tool Co.,
Houston, Tex, had continued its
purchases of Transcontinental &
Western Air common stock during
August and increased its holdings to
nearly 40 per cent of the shares out
standing.
The company bought 1880 shares
during the month and held 37l $50
shares at the end of August. COM
pared with $4,000 shares outstand-
ing. Hughes Tool has more than
tripled its holding of the issue since
the spring of 1889.
The August purchases were in
Guided in the commissions monthly
report of transactions by officers,
directors and principal owners Of
corporations.
Richer Sells Shares.
The report showed that TOrkild
Richer. who resigned as chairman
of the Texas Corp. after his associa-
ton with DR.. Gerhardt Alois Wes-
trick, former German commercial
counselor in New York City, became
known, had sold $50 shares of the
company's common stock He held
$50 shares at the end of the month.
John H. Lapham of New York
gave away 500 shares of Texas COM
mon. Other gifts reported for the
month included:
Alfred L. Rose of New York, $500
shares of Sunray Oil Corp. COM
mon; Charles A. Stone of New York,
5000 shares of Stone & Webster,
Inc, capital; C. E. Humm of Chi
cago. 255 shares of Sears, Roebuck
& Co capital.
Herbert T. Cherry of Tama, Iowa,
1000 shares of Cherry Burrell Corp.
common: Richard G.. Widows of
Cleveland, 1872 shares of Electric
Controller & Manufacturing COM
mon; Norvin H. Green of New York,
300 shares of International Business
Machines common and 1000 shares
of Intertype Corp. common.
Other Changes Listed.
Charles w. La Porte of Peoria.
Ill, 1874 shares of Keystone Steel &
Wire common: Frank E. Davis of
Buffalo N Y, 724 shares of National
Gypsum Co. common; Sewell l..
Avery of Chicago 2l8 shares of
United States Gypsum common.
Major purchases reported to the
commission included:
Max Rosett of New York, 1900
shares of Condo Mast Publications
common; Edgar Palmer of New
York, 2,100 shares of General Bak-
ing Co. common; MILFORD E. La
marine of Pawtucket, R. l., SOS
shares of Narragansett Racing AS
ISOLATION, Inc, common; Edwin c.
Jameson of New York. 500 shares of
Remington-Rand, Inc, common.
Cities Service Co., New York,
$500 shares of Richfield Oil Corp.
common; Joseph A. W. Iglehart Of
New York, 1890 shares of Rustless
Iron & Steel common; Dean Bab-
bitt of Elmsford, N. Y, 1000 shares
OF Sonotone Corp. common.
Major Sales Shown.
Major sales reported to the S. e. C..
included:
Mrs. H. T. Campbell of Pitts
burgh, $500 shares of Allegheny
Ludlum Steel common; Robert B.
Colgate of New York, 5000 shares
of Colgate Palmolive Peet common:
John D. Rockefeller. jr. warrants
for 1900 shares of Colorado Fuel g.
Iron common; H. Bayard Swope of
New York. $3.50 shares of Columbia
LaZard Freres e. Co., New York,
145,424 shares of General American
Investors Co. common.
w. L. Eaton and August Johnson,
both of Detroit, 10000 shares each
of Graham-Paige Motors common;
Henry M. Dawes of Chicago, 700
shares of Pure Oil Co. per cent
convertible preferred stock: Myron
A. Wick of Cleveland, 1000 shares
of Republic Steel Corp common;
c. E. Tuttle of Baltimore, $500
shares of Rustless Iron & Steel
common.
Arthur E. Pew, jr., Philadelphia,
925 shares; Mary Ethel Pew, Phila-
delphia, 900 shares, and John C.
Pew, Chester, Pa, 100 shares of
Sun Oil Co. common: G. F. Swift
of Chicago, $500 shares of Swift &
Co. capital stock; Fred J. Fisher of
Detroit, through a holding COM
pany, 2,400 shares of Udylite Corp.
common; William j. Morden of
Bronxville, N. Y, 1000 shares of
Union Bag & Paper Corp. capital;
Edgar Palmer of New York, 1900
shares of Ward Baking Co. ST cumu-
lative preferred stock.