Business: Cigar Stores

Customers stepping in to the red-fronted United Cigar stores for a package of cigarets last week noted no change in the usual displays. But ticker-tape watchers suspected that something was wrong when nearly 200,000 shares of United Cigar stock were sold between $1.50 and 75¢ a share—most active issue of the day. Their suspicions were correct. United (primarily a holding company) and one of its real estate subsidiaries went into voluntary bankruptcy. Assets of the two concerns were listed at $18,200,000 against liabilities (including "possible")...

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