Business: Deal

S. H. Kress. Most of the chain stores in the S. H. Kress system are leased. About 35% of them, consisting of 71 stores in 20 states, are leased from John Franklin Corp. In 1927 S. H. Kress & Co. and John Franklin Corp. discussed a merger. Last week John Franklin Corp. proposed to S. H. Kress & Co. terms by which they could acquire the Franklin properties through an exchange of stock. Since S. H. Kress heads both companies it seems likely the terms will be agreeable.

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In Esegg, Slavonia, last week...

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