Word: newsprint
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Dates: during 1920-1929
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Presumably more bootleggers than good-will crossed the border between the U. S. and Canada last week. Reason: on one side were ranked the newspaper publishers of the U. S. who are accustomed to purchase their newsprint (newspaper paper) almost entirely from Canadian manufacturers at wholesale prices averaging about $55 per ton. On the other side were the Canadian newsprint manufacturers, who desired to raise the price to $60. Louis Alexandre Taschereau, the crisp Premier of Quebec, had declared on his own behalf and for Premier George Howard Ferguson of Ontario:*". . . The price of $55 is not a fair return...
...resolution was adopted urging that Federal authorities be consulted as to "whether there is any redress open in this situation through Federal action." The most conservative suggestion advocated the reduction of newsprint consumption. Shrewd Paul Block, chain publisher (Brooklyn, Newark, Pittsburgh. Toledo, Duluth), expressed his opinion that most U. S. newspapers are now "over-featured," that the elimination of many a feature would do no harm...
...regard the Canadian industry as a monopoly, was the proposal of onetime Senator Gilbert Monell Hitchcock of the Omaha World-Herald. Said he: "Whatever the directors do of a temporary nature ought to be supplemented by some action towards permanent relief, such as developing a new supply of newsprint for the western part of the United States, possibly from Alaskan sources or a supply from European sources...
...York, quick figures announced that a raise of $5 a ton in the price of newsprint* would cost U. S. publishers $19,000,000 yearly. Since this cost must be passed on to the advertiser, it will mean an increase of .45% in all advertising rates...
...definite agreement on newsprint prices has yet been reached," said he abruptly. "I do not know when such an agreement will be made...