TOBACCO: Complete Recovery

To the men who know tobacco best, there was plenty of evidence last week that the industry had completely recovered from the cancer scare that toppled sales in 1953-54. Philip Morris reported that first-quarter sales hit $80 million, up 11 % from the same period last year. R. J. Reynolds Tobacco Co. (Camel, Winston, Salem) said that first-quarter earnings this year will be better than the $13,565,000 made in the same period in 1956. The Department of Agriculture gaye solid support to this optimism: it estimated that Americans are smoking 9% more...

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