The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-10-10

the government. Whether it will be
fled tomorrow or day or two later
depends entirely upon the speed of
the typeNriters engaged in preparing
the necessary papers. This plan is
much more comprehensive than the
general public seems to think For
instance, while there will be. as re-
ported, three large companies taking
over the manufacturing business OF
the company. there will be perhaps
twenty smaller ones The plan Is ex-
actly as outlined about two weeks
ago.
The three large companies will be
the American Tobacco Company,
which Viii remain with it's $4o,242,-
400 Of common stock as at present,
the Leggetts and Meyer Company aGd
the p. Lorillard Company. These
three will have about the same amount
Of capital stock and will be the big
manufacturing concerns Each of
these companies will then distribute
as special stock dividends Whatever
stocks it may hold in other conf
panies. For instance, the American
Tobacco Company Will distribute as
a dividend the stock of the American
Cigar Company. the international
Cigar Machinery Company, the Ameri-
American Tobacco Company, Ltd.
and any others that it may own,
cleaning out its treasury entirely OF
securities. The American Cigar Com
pany in turn will distribute to us
stockholders the shaSes that it OWNS
of the Havana Tobacco Company and
the American Stogie Company and
so on through the list. Thus after
the distribution is completed there
will be at least twenty tobacco COM
panies taking the place of the Present
American Tobacco Company. eacn Of
them working Independently, with the
majority stock of all of them owned
by the men who now own the Ameri-
can Tobacco Cemp>ny's common
stock.
Beet Sugar Scars.
The new high record made to-day
for american Beet Sugar waen it
crossed s. did not excite any sell.
ing from insiders. In fact, the high
est priced stock of the day was pur-
chased by a big investment house
identified with the concern. Beet
Sugar is In the peculiar condition
of having no bonds, no floating debt
and much cash in It's treasury. its
earnings are above fifteen per cent
on the common stock. with prospects
OF a continuation OF prosperity 1of
an indefinite period.
Rumors of an increase of the divi-
dend on Brooklyn Rapid Transit lnd
no confirmation IN official circles
Copper stocks paid little attention
to the report of the Copper FRO
ducers Association. which showed an
increase in the volume OF metal on
hand Of 7.453.35s pounds on octo-
Der 1. as compared with A month
previous 1t Is noted, however. that
IAmaieamated Copper is being FER
mitted to work down to much low er
levels than formerly. while Anaconda,
Is held arm. This is queer since
the Amalgamated Company has III. its
treasury two shares of Anaconda
stock for every one share OF it's own
Outstanding. With Anaconda selling
at 80 Amaigamated should be worth
81 at least, for the Amalgamated has
other assets in addition to Anaconda.
The market acts as though the IN :
elders had sold out all their ANA
ramated and were anxious to nave
that stock broken to price so ridicu-
lousy low that 1t would pay tne,r'
to sell their Anaconda and buy Anal
gamated. thus getting the same thing
for much less money.