The morning Astorian. [volume] (Astoria, Oregon) 1899-1930, 1901-10-06

porsations OF cigarettes had already
been made by the American Company
but when Il became apparent that Dc.
crease IN the home consumption Wa,
likely to continue. I,s officers began Al
once - establish the foreign trade N q
} more substantial and parmanent basis
I, is already a matter " trade history
says T1bAcN discussing The American;
latest acquisition. how the American
Tobacco Company obtained virtual con-
troll ci the largest cigarette industry In
> Japan a few years ago, ani Il Is equal
ly well known, Il adds tha, the Amcri.
can has since gained strong toot-
hold IN Australia, besides establishing
branch factories in india and IN Cana
da," II has been known, too, for The
past few years tha, the eyes ot the
American Tobacco Company were turn
cd toward the English market. where
the consumption ot cigaret,es--far from
showing any signs " decreasing. as In
the United states--has been stead.
lily and rapidly growing from year to
wear"
In short. It was just as natural Tor
the Amerioln's officers to send their cl-
sare,,es whsre there was a strong aud
increasing demand for the goods as {,
is for turrier to ,send his wares 20
Quebec and s.. Johns in preference 10
New Orleans or Key West or Havana
and wide oceans, different uatlouall-
ties. different Laws have now come to
count for very little with widP-Awlke
Americans looking for a marke, for the
outpu; o. their factories.
But strange to say. It was found tha,
the tobacco and cigarette Industry in
the United Kingdom was not in a geu-
orally prosperous condition, despite the
growing popular demand for cigarettes
ONLY in exceptional instances were the |
companies making profits that looked |
particularly attractive. ogieu's was
one Of these. At the annual meeting in /
August las, the directors Of the COM
pany congratulated the shareholders
that. in spite OF the fact tha; the past
wear had been one OF exceptional din
culties In the tobacco trade in Great
Britain Cby reason OF the increase Of
revenue duty and the apprehension Of a
still further Increase 70 meet the cost
Of the war in South Afrcal. the busl-
ness had shown a steady growth: and
after providing for the current expenses
and making provision for doubtful
debts on the company's books. there
remained a ne, profit Of e4S,667, or ap-
proximately s22S5Ss. After paying in
terest On iebea;ure bonds, dividends on
preferred stock and carrying forward
'ome $4,000 to the reserve funds to per- l
nit dividend Of ten per cen; on the
common stock FOR the year. 0
L was on that showing that the /
Company decided on wha; to b.
,uy-and ogden's decided that IL was v
wiser to sell gu; at a good trade than q
o stay in and fight, D
And why? Simply because the Gig u
rettes made in this country are ad- o
lI;tedly superior to the English. the ..
Methods OF manufacture are more eco a
omical and the American company u
nth a belt Of factories and salesrooms o
n FOUR continents. was in a vastly bet r.
Pr position to fight than ogden's was. n
This Is merely a matter OF he sur n
ival of the ft,est' in the worlds trade. V
hose who study the economies and 50
cen a wa;chful eye on the changing n
lstes and habits and laws Of all the II
e0nIas all 0vDr .ba tvorld rnus, in | t'