Show S Another nother Oil MergerS Merger S Gets Get Under J Vay y 2 NEW W YORK Jan 12 U AP Merger AP-Merger Merger of the Barnsdall corporation with tIle the Waite Walto Philips company began to take definite shape today when E. E R. R I Reeser was elected d president r o of the tho Barnsdall s oot ot corporation o t to succeed Robert t Law Jr who resigned after transferring a 0 controlling controlling con con- trolling Interest In erest to t Blair Co Invest ment ment tankers bankers banker Public offering of a a bond Issue In connection the merger probably wl will be made to to- to S morrow Mr Reeser has been president of the Barnsdall Oil OU and Gas Ga subsidiaries for more than ten years The new combination will wi own leases and ald Interest In leases covering approximately mutely acres In twelve oil 01 producing producing pro pro- states of which acres are developed with wih about 2200 wells wels from which present net production averages barr barrels ls dal dally daIly It also will vill wi own three modern refineries refineries' In Kansas and Oklahoma with wih a 0 dally daily daly capacity of ot barrels of crude as well vell wel as ns 1100 tans tank lank cars car and 20 bulk bull and S service eta eta- te FLOUR FLOCK MINNEAPOLIS Jan 12 AP AP Flour Flour 10 lower at a a barrel Shipments barrels Bran 2660 Wheat eat No 1 I northern 1 1710 1 17 May i July Corn No 3 yellow elow 80 10 04 Oats No 3 While Flax Flax A if N Nf 0 1 FUTURES N NE W YORK TOOtH Jan 1 12 II AP Sugar Ar Sugar futures future dozed closed steady Approximate It Ie JI 28 tons January March MardI 8 Uy 2 July September |