The Archive · 1934

Sale of Oil Firm Ordered

Lop Angeles, Nov. 3.

Sale of the Richfield Oil Company to the Sinclair Oil Refining Company {for the sium of $4,400,000 was ordered to-day by Federal Judge Willam P.

An imposing array of legal counsel, including attorneys for the Standard Oil Company of California, the Federal Government "and others, waged a bitter Aght to prevent the ale to the Sinclair Company.

'Mr. Harry Sinclaly president of the successful bidding' company, who relation to Mr. Upton' Sinclair, gubernatorial candidate, cal had received a bid of $10,000,000 plus for the balance of the Richfield [properties not included in the sale Involved in the court decision, His Et statement was interpreted. to mean that the combined bid will exceed that of the $23,500,000 oftered by the 2 Standurd O31 Company, The property acquired to-day gives the Sinclair distributing system. the rich Maryland snd District of Columbia market, which the Gulf On! Com-has sought for years—United Press,

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account