Business: Tobacco

Continuously strong in recent stock market sessions have been the shares of tobacco companies. Tobacco news of last week included:

Statistics. A study of the industry was issued by Moody's Investors' Service. Noting that U.S. women smoked 14,000,000,000 cigarets in 1929, or 12% of the total, the analysis concluded that the brand which wins favor among women will gain future leadership. "The consumption of cigarets," continued Moody's, "will show an estimated increase in 1930 of nearly 10% over 1929. In forecasting future trends the estimate is made that by 1939 cigaret consumption will reach...

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