Newest Inch

Into the paneled office of Manhattan's J. P. Morgan & Co. Inc. last week trooped a bunch of happy Texans. There they put the final seal on the biggest private deal in the history of natural gas: the financing of a new $193 million pipeline to pump gas from Hidalgo County, on the Rio Grande, to Manhattan's 132nd Street.

The 1,825-mile pipeline was the brain child of Houston's Ray C. Fish, 46, president of Fish Engineering Corp., who had built the Tennessee Gas Transmission pipeline, and Claude A. Williams, an .unsuccessful bidder for the Government's Big Inch. Once they had...

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