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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!