Business: Deals & Developments

Sinclair-Rio Grande— Last week Harry Ford Sinclair, chairman of Sinclair Consolidated Oil Corp., was elected chairman of Rio Grande Oil Co. Rumors of a merger between the two companies have been current. Oilman Sinclair said nothing of the sort was planned for the immediate future but that he and Rio Grande officials will "arrive at conclusions with respect to their future course." Rio Grande produces, refines and distributes petroleum products. Its territory is chiefly in Texas, New Mexico, Arizona, California. Its chief trademarked products are Speedine and Rio Grande*

For his own...

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