Business & Finance: Again, Gold Dust

Inoperative for three months was the United Stores Corp., formed as a holding company last June to assume control of United Cigars Co., Tobacco Products Corp. (TIME, June 17). Although George K. Morrow and Frederick K. Morrow, heads of the Gold Dust Corp., were then announced as dominant figures in the new holding concern, George J. Whelan, oldtime United Cigar Store tycoon, continued to manage the affairs of the two tobacco companies.

Still inoperative last week, United Stores Corp. seemed almost certain of passing out of existence as a new consolidation of United Cigars...

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