Word: tobaccos
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Dates: during 1950-1959
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Aircraft (down 24%), auto (down 18%), oil, railroad, heavy-machine stocks took a bad licking last year as investors switched into defensive issues such as utilities, food, tobacco and finance companies. Yet, when the selling was heaviest, many a coolheaded investor decided that the news was not that bad and started buying again. Since then, the market has seesawed cautiously higher: stocks on the Dow-Jones average ranged between 438 and 451 in January; 436 and 458 in February, closed at 453.04 last week, 33.25 points above the October...
CORPORATE PROFITS rose 1% in 1957 over 1956, says Manhattan's First National City Bank in survey of 2,474 key companies that account for about one-third of total business earnings. Biggest gainers: tobacco, shoe, drug, steel, and auto companies. Losers: textile, clothing, tire, paper, oil, building-material firms...
Indonesia's wealthiest island, Sumatra, is bigger than California; Java has more people than the American Midwest. Mountains march down the spines of both islands, and a hundred volcanoes drift their smoke against the blue tropical sky. Indonesia bursts with resources, from copra and hemp to teak, tobacco and oil. The world's largest flower, rafflesia, with a diameter of 3 ft., blooms on Madura. The red-brown soil of Java (pop. 52,000,000), terraced with unbelievable ingenuity, produces two rice crops a year. The warm seas send long rollers crashing on the palm-fringed shores...
...cigarette industry has done a grave disservice to the smoking public [by] publicizing the filter-tip smoke as a health protection." So saying last week, the House Government Operations Committee, headed by Illinois Democrat William L. Dawson, angrily lit into the U.S. tobacco industry. The committee found, after study and hearings, that cigarette makers boosted filter-tip sales from 1.4% of the market in 1952 to better than 40% today by playing on the cancer scare with "deceptive" and "misleading" ads. Actually, said the committee, "the filter cigarette smoker is, in most cases, getting as much or more nicotine...
...Figures? Hearing the blast, the U.S. tobacco industry quickly replied. Said P. Lorillard President Lewis Gruber: "Our advertising has been and is scrupulously honest and truthful. Our claim has been a simple statement of fact-Kent filters best of all the leading filter brands. These are facts, and they are documented." Added R. J. Reynolds President Bowman Gray: The figures used in the congressional report were published in a magazine (Consumer Reports) in March 1957; since then, Reynolds has improved its filter to reduce nicotine by 32%, tars by 27%. "It would appear that the figures quoted in the committee...