The principal effect of the War period upon the tobacco business has been the increased sales of cigarettes as compared with cigars. Under growing use of cigarettes by soldiers and their increasing popularity among women, consumption mounted in an astonishing manner. On the other hand, the cigar business could no longer sell its products as cheaply as before the War, and its turnover and profits remained stationary or else declined. In recent months, pipe-smoking has been coming in again, and consequently manufactured tobacco is on the gain. One feature of the tobacco industry...
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