Business: Cigaret Peace

No Damoclean sword has been hanging over the tobacco industry. Instead, two keen blades have been slashing away at it. Last week there were indications that firm hands had reached out, stopped one blade and grasped at the other. First and most destructive of the industry's two menaces has been the price cutting war between manufacturers, begun in April, 1928 when the R. J. Reynolds Tobacco Co. reduced the price of Camels from the long established rate of $6.40 a 1,000 to $6. Quick to follow were Liggett & Myers with Chesterfields and Piedmonts,...

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