IN RE WARNER-QUINLAN CO.


17 F.Supp. 659 (1936)

In re WARNER-QUINLAN CO., Inc.

District Court, S. D. New York.

December 16, 1936.


Attorney(s) appearing for the Case

Goldwater & Flynn, of New York City (Monroe Goldwater and Nathan Goldstein, both of New York City, of counsel), for Alexander Weinstein and Frank R. Galgano.

Proskauer, Rose & Paskus, of New York City (Norman S. Goetz and Bernard D. Lang, of New York City, of counsel), for debtor.

Frueauff, Burns, O'Brien & Ruch and Wagner, Quillinan & Rifkind, all of New York City (Henry L. O'Brien and Simon H. Rifkind, both of New York City, of counsel), for Cities Service Co. and Cities Service Oil Company.

Chadbourne, Stanchfield & Levy and Benjamin A. Hartstein, all of New York City (C. B. Hughes and Benjamin A. Hartstein, both of New York City, of counsel), for Bondholders' Committee.

Arthur Garfield Hays and Raymond L. Wise, both of New York City (Arthur Garfield Hays, Alan S. Hays, Raymond L. Wise, and Melville E. Greenewald, all of New York City, of counsel), for Bondholders' Protective Committee and Fidelity Investment Ass'n.

Archibald Palmer, of New York City, for Bernard Cappadona.

Weinstein & Levinson, of New York City (Frank Weinstein, of New York City, of counsel), for intervening bondholders.

Percival E. Jackson, of New York City, for Preferred Stockholders of Lancaster Asphalt, Inc.

Arthur T. Vanderbilt, of Newark, N. J. (Arthur T. Vanderbilt and H. Edward Toner, both of Newark, N. J., of counsel), for Standard Oil Co. of New Jersey and Swan-Finch Oil Corporation.

David M. Palley, of New York City for stockholders.


HULBERT, District Judge.

This proceeding is under section 77B, Bankr. Act, as amended (11 U.S.C.A. § 207).

The pertinent question before the court for consideration and disposition is an application by the trustees of the debtor for an order authorizing them to accept an offer submitted by Gulf Oil Company, which reads as follows:

"Gulf Oil Corporation "New York Sales Division "17...

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