Word: tobaccos
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Dates: during 1930-1939
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...Axton-Fisher Tobacco Co. of Louisville, Ky., maker of one of the four best-selling 20-for-10? brands (Twenty Grand), announced a net profit for 1932 of $1,416,952, more than double its 1931 profit...
...American Tobacco Co., maker of Lucky Strike, one of the four big 15? brands, paid its regular quarterly dividend of $1.25 but omitted the usual $1 extra dividend. Wall Street heard that President George Washington Hill of American Tobacco was planning to cut prices below the $6 per 1,000 at which Luckies now wholesale, has sworn to run 10? cigarets out of business if he has to make them himself...
...Hill could get some satisfaction out of the fact that the U. S. Supreme Court last week ordered the Federal Court for the Southern District of New York to dismiss without prejudice a stockholder's suit to set aside American Tobacco's employe stock purchase plan, whereby President Hill and his directors got 32,370 shares of common B stock, listed at $112, for $25 a share. But so sharply did Justices Stone and Brandeis criticize the plan that disgruntled stockholders promptly began a new suit in New Jersey...
...Cabinet job. Republicans packed the Roosevelt levee as well as Democrats. Oregon's McNary came because he is chairman of the Senate's Agricultural Committee. He heard Mr. Roosevelt's wish that the Domestic Allotment plan be limited to wheat, cotton, hogs and tobacco, that it be enacted by this session in time to be effective for the 1933 crops. Cultured Senator Bronson Cutting of New Mexico came because he was a boyhood friend. Hiram Johnson was there out of Republican cussedness. The Press-as smiled off with the comment that its questions were "very intelligent...
...Tobacco companies were not entirely "depression-proof" but earnings held up remarkably. Liggett 6 Myers fell only $46,000 short of equaling 1931's $23,121,000 and Reynolds earned $33,674,000 against $36,396,000. Reynolds earnings were actually $4,000,000 higher than reported, that figure representing the excess of advertising appropriations for 1932 against actual expenditures. Breaking in newspapers last fortnight was the new Camel campaign, handled and written by William Esty & Co. (TIME, Dec. 26). Its motif: "It's fun to be fooled. . . . It's more fun to know...