Business & Finance: Troubled Smoke

How things have been going in the cigaret business was again shown clearly by two developments of last week:

1) Axton-Fisher Tobacco Co. of Louisville, Ky., maker of one of the four best-selling 20-for-10¢ brands (Twenty Grand), announced a net profit for 1932 of $1,416,952, more than double its 1931 profit of $605,552.

2) American Tobacco Co., maker of Lucky Strike, one of the four big 15¢ brands, paid its regular quarterly dividend of $1.25 but omitted the usual $1 extra dividend. Wall Street heard that President George Washington Hill of American Tobacco was...

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