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...natural gas pipe lines will be the $40,000,000, 1,250-mi. line started by Missouri-Kansas Pipe Line Co. last June (TIME, June 9). It starts at Amarillo, Tex., runs eastward to Indiana, branches southward to Kentucky. Last week a new and potent partner joined hands with M-K in this development. A half interest in all of the pipe line's operating properties (with exception of its Kentucky and Indiana units) was sold to Columbia Oil & Gasoline Corp., Columbia Gas & Electric Corp...
While no price was revealed, M-K President Frank Preston Parish said it was at "a substantial profit." Yet what was more important was that the sale assures "carrying out of all the engineering plans as originally laid...
...M-K line will outdistance the 700-mi. Insull-Doherty Amarillo line from Texas to Chicago (TIME, March 17) and will be the longest transmission system in the U. S. Natural gas will be distributed through Missouri-Kansas subsidiaries in five states (Kansas, Missouri, Indiana, Kentucky, Illinois). M-K has also contracted to supply those cities which North American Light & Power Co. is serving (through subsidiaries) with manufactured gas in Illinois and Missouri. Distribution will be carried out by a new Missouri-Kansas company, Panhandle Eastern Co., with a potential daily capacity of 250,000,000 cubic feet...
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