Business: Corporations

Last week the following newsworthy corporations made the following news:

Tobacco Annuity. In 1923 Tobacco Products was a $70,000,000 Virginia corporation with 20 well-advertised brand names, including Herbert Tareyton, Johnnie Walker, Melachrino. Today Tobacco Products is one of the so-called Morrow-interests, and its principal asset is a wad of stock in United Cigar Stores, which is in the hands of the courts.

In the intervening years American Tobacco (Lucky Strikes) purchased the manufacturing facilities of Tobacco Products but instead of buying the valuable good-will tied up in the brand names it leased them for...

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