Word: tobaccos
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Dates: during 1920-1929
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...increase on tobacco...
...tobacco crop was marketed for about $500,000,000 and was raised by some 450,000 U.S. farmers. As a farm enterprise, tobacco in this country is exceeded only by corn, hay, cotton, wheat and potatoes...
...trend in smoking from cigars to cigarets has hit the American Sumatra Tobacco Co.-producers of cigar wrappers-very hard. For four years, deficits have been piling up, and now amount to about $4,500,000. As a result, inventories have had to be liquidated and dividends on its preferred stock suspended. Finally, on June 1 next, a 7½% "gold" loan matures. So hopeless was the outlook for funding this issue that the Company was placed in the hands of receivers...
...years ago, U.S. cigaret production amounted to about 17 billion annually. For the coming year, production was, last week, estimated to reach 73 billion by Commissioner of Internal Revenue Blair, who stated that, this year, the tobacco industry would yield more revenue to the Government than all sources of internal revenue prior to 1914, or about $345,000,000. Tobacco taxes amount to $3.12 per capita. The U.S. leads in the production of cigarets, and the Governmental revenue derived from them. It is second only to Belgium in per capita consumption...
...Increase of Imperial preference on tobacco from 1/6 to 1/4 of the full duty. The Chancellor stated that the Government's policy is to give effect to Imperial preference when it does not involve taxation on food...