Business & Finance: Mergers: Sep. 10, 1928

Schulte-United. On the stock exchange shares of Schulte Retail Stores Corp. rose a few points. The apparent operations of a stock market pool was one cause; another, and more important, was the much mooted merger of Schulte (300 branches) with United Cigar Stores Corp. (3,000 branches). The two firms are now joined in interests in Union United Tobacco Co. (a holding company) and Schulte-United Five-Cents-to-a-Dollar Stores. United has large stockholdings in the Pennsylvania Drug Co., Schulte in the American Druggists Syndicate; United in Life Savers Inc., Beechnut Packing Co., Gillette Safety Razor Co., U. S. Tobacco Co., Philip Morris & Co....

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