Business & Finance: Tobacco Market

Tobacco ranks sixth in the value of U. S. field crops, fifth in U. S. exports and most of it goes up in smoke. Usually the crop is worth $250,000,000 but last year, with prices not far from rock bottom, it brought only $180,000,000. Processed into cigarets, cigars, snuff and quids, it is worth $1,000,000,000 annually, and its taxes provide the U. S. Government with its largest single item of miscellaneous revenue ($400,000,000 per year). The marketing of tobacco products is a triumph of modern salesmanship but...

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