Business & Finance: Two after Richfield

''I am in California," said Harry Ford Sinclair rather sharply, "and I am in California to stay." Everybody at the dinner remembered the statement, especially Kenneth Raleigh Kingsbury. For Mr. Kingsbury is president of potent Standard Oil Co. of California and much as he and Mr. Sinclair admire each other's ability, he does not relish new invasions of his rich territory.

Before Mr. Sinclair's Consolidated Oil Corp. (the telephone girls still chirp: "Sinclair") is really "in California" it must have a wide California distribution system. For that reason Consolidated has been bidding, up...

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