Show Wealthy New York Contractor Buys Interest in Giants NEW YORK Dec 29 23 AP The AP The New York Sun said today that Vii Wil liam lam F. F Kenny millionaire contractor tor and close friend of ot Governor Smith has acquired a 20 per cent interest in itt the National Exhibition company which controls the New York Giants The stock was purchased purchased pur pur- chased according to the newspaper from the Soden and Conant Interests interests inter Inter- ests In Boston which once controlled con con- trolled the Dos Boston ton Braves The Sun estimates Mr Kenny paid in the neighborhood of ot to obtain 2500 of or tho the existing shares of ot s tock in the tho National National Na Na- Exhibition company figured at a share This would place a n value of on the Iran fran chise of ot the tho Giants but tho the Sun estimates that might well represent the value of the club considerIng considering con con- the big bis- dividends paid in the last year Jear and possibilities of ot future profit CONFIRMS DEAL Charles A. A Stoneham president and majority stockholder to confirmed the purchase according to the newspaper news fleas paper which adds that this stock has been held by Boston Interests since the days when John T. T Brush owned the Giants At the offices of the Giants Secretary Sec See James J. J Tierney professed Ignorance of or the transaction ex explaining explaining ex- ex that no notice of the transfer transfer trans trans- fer of any stock had yet been re received re- re He added however that the shares reported purchased by Mr represented all that were held by Boston Interests A majority of or the stock is owned by Mr Stoneham while other large shareholders are John McGraw manager and vice vico president and Magistrate Francis X N McQuade Mr Kenn the Sun says becomes the second largest stockholder and the newspaper considers It likely his Investment may be the forerun fOrerun- ner ncr of a reorganization of ot the club with the wealthy contractor I I ally taking control |