BUSINESS DIGEST
A Booming Market In Smuggled Cigarettes The largest tobacco companies are selling billions of dollars of cigarettes each year to traders and dealers who funnel them into black markets in many countries, according to law enforcement officials and participants in the trade. In the last decade, the volume of cigarette smuggling around the world has tripled, according to a leading tobacco research organization, reflecting a general surge in cigarette sales abroad, especially for American manufacturers. And while the companies say they have done nothing to encourage the smuggling and do not condone it, industry officials acknowledge that a sizable share of the cigarettes sold overseas pass through smuggling rings set up to evade foreign taxes and sell major brands at a discount. $(Page A1.$)