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for Wool industry--Wilson
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Marvin Coghill is president and chief operating officer of Standard Commercial Tobacco, Co. in Wilson, the world's second largest independent tobacco trading company. Recently the company has added a new venture, the wool market. The company has acquired 2 to 3 percent of the world's wool market, which is significant since no company controls more than 7 percent of the market. Wool sales for the last fiscal year were S235 million and produced $6 million in profit. Standard's tobacco sales were $375 million with $14.5 million in profit.