Word: merger
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Dates: during 1920-1929
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...absence abroad of J. B. Duke, George Whelan and other leading figures in the tobacco business, is held to confirm rumors of a $250,000,000 tobacco merger-the largest tobacco combine in the world-including the United States and Europe. It is understood that the Whelan-Duke interests are now negotiating with the British-American Tobacco Company, which is expected, together with the Tobacco Products Company, to form the nucleus of the new combine. In connection with the deal, the names of Philip Morris Co., Melachrino & Co., the Falk Tobacco Co., Schinasi Brothers, Stephano Brothers and others have been...
Elliott Everett, Vice President of the Guaranty Company, and E. R. Tinker, President of the Chase Securities Company, are abroad as bankers in the proposed merger, which, it is estimated, will require for its consummation about $30,000,000 of new capital...
...powerful and profitable roads will doubtless oppose the merger idea, since they are strong enough to stand on their own feet. They don't want their profits diluted by having to nurse " sick " lines. But the logic of necessity seems to be driving them to acceptance. Either they must agree to pool their mileage, rolling stock, service, and managing brains, or succumb to Government Ownership and political operation...
...roads may be growing, it is not yet powerful enough to appear as a direct and popular mandate to be acted on by Congress. On the one hand, we have Senator Cummins, chairman of the Senate Interstate Commerce Committee and author of the Esch-Cummins Law, protesting that the merger remedy may even now be too late and that Government operation of many roads is already an inescapable necessity. On the other hand, rail earnings for January show an increase in profits from 2.75 per cent in 1922 to 5.54 per cent for January of this year, which argues that...
...farms, forthcoming March 8, would show an excess of about 30 million bushels over the similar surplus of last year. But with this exception, staple commodities almost all tended toward higher prices, sugar especially showing strength. Already there is talk, which may prove mere rumor, of a merger among some of our leading sugar companies...