Business: Personnel: Oct. 12, 1931

Last week the following were news:

Lids Toro, president of Porto American Tobacco Co. since it was founded in 1899, resigned, also resigned as chairman of the company's two big subsidiaries, Congress Cigar Co. Inc. and Waitt & Bond, Inc. President James M. Porter of Congress was made president of Porto Rican, President William E. Waterman of Waitt & Bond was made chairman of Porto Rican—a new office. Porto Rican makes Ricoro, La Restina, Portina, El Toro and other cigars, also El Toro Cigarets which are mostly sold in Porto Rico. Congress makes La...

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