Business: IOC V. I5C

IOC V. 15C

On the New York Stock Exchange last week tobacco stocks took a deep dive. At the end of the week Liggett & Myers Tobacco Co. was 53, ten points below its Monday high. American Tobacco Co. was down eight points to 61. R. J. Reynolds Tobacco Co. dropped from 31 to 28⅞. P. Lorillard Co., low already, held fairly steady, closing five-eighths of a point off at 13. Wall Street buzzed with rumors of impending price cuts on the four leading U. S. cigaret brands&—American's Lucky Strike, Reynolds' Camel, Liggett &...

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