New-York tribune., 1902-05-29
TO CONTROL CUBA TOBACCO
HAVANA COMPANY INCORPORATED AT
TRENTON.
THE CAPITAL, STOCK $500 ooN- -CONSOIIDA-
TION UNDERSTOOD To Re IN INTER
EST OF THE Trust"

There was Incorporated yesterday at Trenton,
with capital OF S3'.OoO.0nO. the Havana To-
bacco Company which is intended he a
soIidation of the corporations controlling the
Cuban tobacco trade. and which has been
ganized. it is understood. in the interest of the
Consolidated Tobacco Company-the Trust
The principal companies be absorbed by the
corporation are the Havana Commercial
Company the Henry ClayBock Company and
H de Cahanas v Carbajal. New-Jersey COM
pany controlled by the Consolidated Tobacco
Company
The Havana Commercial Company was in
corporated at Trenton in February. 1929. with
capital of 100000. 900 and owns a number Of
the most important Cuban cigar factories and
brands well extensive tracts of the best
tobacco lands of the island. Control Of the
Henry Clay-Bock Company. capitalized at 81
uOuOOO was purchased from its English
last winter by interests closely connected with
the Universal Tobacco Company. a rival of the
Consolidated Tobacco Company. and with the
Havana Commercial Company and ii was said
a the time by leading interest in the Uni
versal Tobacco Company: There may ulti-
matey result ii combination between the Ha-
vaua Commercial Company and the Henry Clay
Rock Company ~ control the cigar and cigarette
trade "f cuba. OF course. in such cOmbina-
tiun the Universal Company would he heavily
Interested. The Universal and Havana
Commercial interests working in thorough
harmony with the Imperial Tobacco Company.
# Great Britain. which is lighting the so-caIled
invasion hy NIr Dukes company. the American
Tobacco Companv."
The Guaranty Trust Company issued a circu-
lar To the stockholders of the Havana CONNER
,ial Company announcing that thu reorganiza-
tOn committee Of the latter company has been
dissolved withou- formulating plan and that
iepositors are entitled to withdraw without cost
the shares of stock of the Havana company de
posted by them with the trust company. In
IN accompanying memorandum the Guaranty
Trust Company states the terms which share
holders OF the Havana Commercial Company
may exchange their holdings Cor stock of the
Havana Tobacco Company. conditioned the
formation AT the time of such transfer of the
Havana Tobacco Company, with S3O.tIO,Uob
common stock. S.I.OOO,OOD preferred stock and
S1U.OOO.CDO twenty year - per cent bonds (of
which S25OOOtO shall be- in the treasury.
isSued): on the acquisition by the Havana To-
bacco Company of all the outstanding shares Of
H. de Cabanas Corbajal; and on the assent o.
the holders of twO-thirds of the stock of both
classes of the Havana Commercial Company
each one hundred shares of common stock of
the Havana Commercial Company. forty shares
nf common stock of the Havana Tobacco Com
pany. and for each one hundred shares of Ha- .
vana Commercial preferred. sixty shares OF pre-
ferred and forty shares Of common stock of the :
Havana Tobacco Company
The Consolidated Tobacco Company already 7
controls the American Tobacco Company man ?
Tobacco Company making plug tobacco; the /
American Snuff Company and the American |
Cigar COMPANY and has important interests in !
Great Britain and elsewhere in Europe.