Business: Consolidated

Last week, Prairie Oil & Gas Co., Prairie Pipe Line Co. and Sinclair Consolidated Oil Corp. united to form a half-billion dollar oil company. There was little news in the mere event, for the merger had been brewing for almost two years (TIME, Jan. 27, 1930). Nor was there much news in the company's size, for so gigantic is the oil business and so gigantic the constituent parts that it became only sixth biggest (see table). Nor was there anything but corporate dullness in the name which the new corporation took— Consolidated Oil...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!