Too Little?

Is a tobacco shortage imminent? From the rich, leaf-growing lands of the south, a thick smoke screen, pungent with reports of short crop and runaway prices, swirled up around the tobacco industry last week. Over the radio, cigaret programs vaguely hinted at a shrinking supply. Newspaper ads pleaded for patience if favorite brands were temporarily exhausted. To ration-wise citizens, all this spelled shortage. But what was behind the smoke?

Lots of Smoke. In Virginia's famed Old Belt markets, tobacco companies are scrambling to buy all the leaf they can get. Although hobbled by price ceilings and individual War...

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