Business & Finance: Gas Merger

In 1920 the gross income of the U. S. natural gas industry was $196,000,000. In 1929 it was over $400,000.000. Ten years ago the industry was localized in the Ohio Valley. Today Texas, Louisiana, Oklahoma and California are centres of huge production. The construction of long, high-pressure pipe lines (such as the 540-mi. system extending from Monroe, La., to St. Louis), the constant investment of new capital (total natural gas investment is now nearly $2,000,000,000 as compared to $12.000,000,000 in the petroleum industry) and the growing appreciation of natural gas as an easily...

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