OTHER NEWS - May 6, 1995
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RJR Boosts Cigarette Prices: R.J. Reynolds Tobacco Co. said its wholesale price increase on cheaper as well as premium brands, the first in 1 1/2 years, will amount to about 3 cents a pack. There was no immediate comment on pricing from Philip Morris USA, the biggest tobacco company, but industry analysts said the third biggest company, Brown & Williamson Tobacco Corp., told wholesalers it would match Reynolds’ increase. Analysts said the increase will mean a rise of 4 to 5 cents a pack at retail.
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