Word: benedum
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Dates: during 1930-1939
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...form the marketing unit Standard Oil of New Jersey, Columbia Gas & Electric Corp., and the private Benedum-Trees interests of Pittsburgh will throw their Tioga properties into a holding company called Lycoming United Natural Gas Corp. It is understood that Standard Oil will dominate the field by ownership of 50% of Lycoming United stock, followed by 30% for Columbia Gas, 20% for Benedum-Trees. The market Lycoming United will serve is the Syracuse area, active industrial district directly north of Tioga, where there is a potential annual demand for 10 billion cu. ft. (Buffalo, second biggest city in New York...