SMOKING AND CANCER

Press, Volume CI, Issue 29772, 15 March 1962, Page 17

SMOKING AND CANCER

Report Affects

Share Prices

(N.Z.P. A.-Reuter—Copyright) LONDON, Mar. 13

Tobacco share values slipped by up to 2s on the London Stock Exchange today after yesterday’s news of a big Government campaign to alert both adults and children to newly-spot-lighted smoking dangers. Shares in Imperial Tobacco, the biggest group in Britain, first fell 6d to 55s 9d and then by another 18d to 545. Gallaher, another British giant, showed an 18d drop to 34s 9d A recent Royal College of Physicians’ report condemned heavy cigarette smoking as a contributory of lung cancer, bronchitis and other diseases. Auction Prices Up In Salisbury, Rhodesia, the British Government’s acceptance of the report failed to affect prices at the opening of the season's tobacco auctions. All grades sold at between 4d and IM a pound more than at the opening auction last year. In Holland, many tobacconists said today that Dutch smokers were changing to a brand of cigarettes shown by test to contain less tar than some of its rivals.

They said they had noticed a “considerable increase” in sales of the brand since the report on 14 brands of cigarettes on sale in Holland was published last Thursday by the consumers’ organisation.