Business & Finance: Deals: Jun. 23, 1930

Van Camp-Jewel. Van Camp Packing Co. of Indianapolis merged with Jewel Tea Co., Inc. of Barrington, Ill. Van Camp (pork & beans, catsup, spaghetti, evaporated milk, etc.; established 1861) passed its first quarter dividend on 7% preferred though business for the first two months of the year showed an increase over 1929. Jewel (tea, coffee, other staples; first twelve week sales $3,693,872; directorate mostly Lehman Bros, and Goldman Sachs) distributes its products direct to the consumer by means of more than 1,200 automobile routes in 40 states. Van Camp will issue $2,500,000 additional...

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