Document rxymgEqV0442vqn3ejvQYYanv

FILE NAME: Crane Company (CRC) DATE: 1954 Sept 16 DOC#: CRC024 DOCUMENT DESCRIPTION: Newspaper Article - New York Times - Porter in Control of Laclede-Christy PORTER IN CONTROL OF LACLEDE-CHRISTY > ' ........................... ... I IM > _ ^ The H. *K. Porter Company, Inc.,* has announced that it has acquired a substantial majority of the; common stock of the Laclede-Christy Company. The latter concern, which had sales of $13,671,104 in the fiscal year to Nov. 30, 1953, makes re fractory products. H. K\ Porter makes industrial rubber products through a subsidiary acquired earlier this year and also makes fire brick. Its consolidated sales last year amounted to $64,448,725. ! T, Ai. Evans, president of Por ter, said his company was mak ing arrangements to call a spe cial stockholders' meeting of Laclere-Christy, if necessary, to elect its representatives as direc tors. He added: "We have re quested that a majority of the board resign." * J. D. Strett, president of La- clede-Christy, advised stockhold ers in a telegram late last month to withhold tendering their shares for purchase by H. K. Porter. x Sljr JictuJJotk Simes Published: September 16, 1954 Copyright The New York Times