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Tobacco Combine Sees Eight Hundred Seventy Five Million Capital
New York reports the tobacco merger amid vast clerical work as the Merden Trust guides the conversion of securities into stock and bonds for the American Tobacco Company. Total new securities peak near 293 million with about 180 million in common stock. only around 40 million to the public. The operation parallels the U S Steel issue and the war time government bonds in scale but involves converting multiple security classes into new forms, demanding immense trust company effort.
MENTIONED IN THIS ARTICLE
Securities and
Prom
New York
Merten Trust Company
New American Tobocwo Company
Ew Company
United States
Spain
Pew