Arizona republican., 1901-09-24
THE TOBACCO COMBINE
It Is Reaching Out After the
 Big English Company
An Important Meeting to Be Held Next Friday-The Object is to Stretch the Combine Into 8 World Monopoly.

New York. Sept. 23.-It is practically admitted in the tobacco trade that the Consolidated Tobacco company, which controls the American Tobacco com pany, Continental Tobacco company. American Sugar company and Ameri- can Cigar Machinery company, is seek ing to secure a firm foothold in Europe, 1 and with this object in view is acquir- ing the shares of prominent foreign to- bacco concerns.
 | representative of one of the largest American tobacco concerns today said l that the Consolidated Tobacco interests are simply carrying out a policy adopt ed by them some time ago. 1 Their object Is to establish connec- | tions in Europe that will give them a l practical monopoly of the trade outside 1 of that controlled by certain govern ! ments. As the amount of capital in- i vested in tobacco concerns in Europe not under government control runs up into the hundreds of millions, it stands 1 to reason that the process of securing 1 a controlling interest In foreign tobacco 1 properties will be slow.
 A cable received from Liverpool early today stated that the shareholders Of | the Ceden's Cigarette company will l meet on lSepte ember 25 to consider ar offer of the American Tobacco com 1 pany for the purchase of I controlling | interest in the company. The terms, the cable went op, are not yet known. Ogdsn's common stock Is selling at 46 to 4I on the belief that the Americans have offered 30 a share. The price yesterday was 8. The Ogden's com pany has a capital of e5oo.oOo.
 Later in the day the following cable from Liverpool was received in Wall street:
 ''It has been learned that the 'Ameri- cans offer 114 premium on the market price of the preferred. and 2l. on the ordinary stock. They also offer G11l for every e100 debenture stock. The directors have agreed to sell their hold ings on these terms and have recom- mended the shareholders to follow suit
 The offer will be held open until tomor- TOW
 R. L. Patterson, third vice president of the American Tobacco company, when questioned today regarding the report that the company had offered to
 buy all the shares of the English com
 pany practically admitted that negoti-
 ations for the purchase were under
 way. A number of the higher officials
 of the American Tobacco company are
 now in England, and not until word has been received from them will an
 official statement regarding the pro
 posed purchase be given to the public. , 1 It is said. however. that if the deal is carried through it will not mean an in- 1 crease in the capital stock of the Con- solidated Tobacco company. or any of . its subsidiary properties, although this may De the case in the event of further purchases abroad.
 It was stated on authority today that , in connection with the efforts of the , Consolidated Tobacco company to ex- [ ? already been acquired in Belfast, Ire
 land. and also valuable property in India.
 On August 12 of last month there was , filed in the Hudson county court house
 in Jersey City. mortgage of sl50, 0,OO0,-
 GOO made by the Consolidated Tobacco
 company of America to the Morton
 Trust company of this city to secure ar o issue of per cent bonds. These bonds i were issued in connection with the ac
 quisition of the American Tobaecc Q company and the Continental Tobacco n company.
 $ Previous to the placing of the afore IF going mortgage the Havana-Ame ricar q company with a capital stock of S2, ,50 l. and backed by Consolidated Tobacc. r. interests. was incorporated in New k Jersey. It was admitted at the tint n that the capital stock was nominal art 
 : the formation of the company whicl l. bears the name of a concern that st short time before was absorbed by tn e American Cigar company, has neve n been made known The policy of ab
 sorbing independent concerns through
 its subsidiary. companies is peculiar t
 the tobacco combine.
 A director of the Universal Tobacc
 company, which was incorporated T ,' New Jersey some time ago with a cap T. ital stock of 10000 900. today said tha i it was the intention of the Univcrsa
 to enter the foreign field. but that tn ,' desire of the stockholders is to fir secure a firm foothold in this countr
 before venturing abroad.
 The Universal company now has tw
 plants in operation. one at Tenth an
 Greenwich streets. which employs i m the neighborhood of 800 hands. and an T. other on Twenty-second street. Nego
 of other prominent tobacco factorie!
 among them the wiassenger factory c
 Louisville. Ky. The latter deal involve
 more than $1 .000. 900. It was again de ,,. nied that the Universal Tobacco COTE ,t pany proposed to sell out to the to
 bacco combine. No offer. it is said. ha
 been made for the property. and n
 proposition to sell out has ever bee
 made.
 Application will soon be made to lis d. the bonds of the Consolidated Tobacc nt company on the New York stock e> E. change.