Tobacco: Symptoms of Slump

Latest symptoms of the effect the Surgeon General's report is having on the health of the tobacco industry: > Top tobacco distributors across the nation estimate that they sold 8% to 10% less last month than in January 1963—a possible retail sales loss of about $45 million. Cigarette tax receipts fell 2% in Arizona, 6% in Louisiana, 12% in Alabama, 14% in Illinois. Connecticut reported a 12% decline in sales, which cost the state $246,000 in expected taxes. — In Louisville, Brown & Williamson (Viceroy) and P. Lorillard (Kent) went on four-day weeks, and Philip Morris trimmed to a...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!