Deal

S. H. Kress. Most of the chain stores in the S. H. Kress system are leased. About 35% of them, consisting of 71 stores in 20 states, are leased from John Franklin Corp. In 1927 S. H. Kress & Co. and John Franklin Corp. discussed a merger. Last week John Franklin Corp. proposed to S. H. Kress & Co. terms by which they could acquire the Franklin properties through an exchange of stock. Since S. H. Kress heads both companies it seems likely the terms will be agreeable.

New Motor

In Esegg, Slavonia, last week one Tomislav Jurekovitch, engineering student, announced that he had received $100,000 from the Chrysler Corp. in payment for a newly-conceived, economical automobile motor which operates on a mixture of gasoline and tar.

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