Show DOES NOT lOOK m FOR CONSOliDATION Announcement from New York that thata a a. holding company with a capitalization of is about to bo be formed to combine the tho United Cigar Stores company company com corn pany and the chain of oC drug drat stores store comprising GOmI corn com I 1000 or more operated by the tho Ricker Jaynes drug concern is not taken seriously by local officials of the tho United Cigar Stores company A. A W W. local manager for the United Cigar Stores company says that the tho capitalization of tho the two concerns aggregates ates ates and that if it such sucha a combination were contemplated the capitalization capitalisation of tho holding company would be bo at least equal to th that t amount I The The market is a generally safe sate indicator of such events Mr y said When the tho first rumor of this suggested coalition was made United Cigars advanced ad sharply A statement mt was WaB issued by G George Or J. J Whelan then president of the United Cigars Stores torea denying the the rumored consolidation consoli consoli- dation lation and United Cigars tec receded ded at once to normal quotations While I have no advices ices from rom tho the company's headquarters in New York concerning the tho matter I am inclined to the thc belief belic that if 11 a deal is contemplated it is a personal deal on tho the part of Mr Whelan who vho is no longer president of the tho United Cigar Stores company and that it will not affe affect t this company |