Word: newsprint
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Dates: during 1920-1929
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Five years ago the greyish, absorbent paper upon which the publishers of the 1,939 U. S. dailies spread the country's news, cost $75 per ton. Today it costs $62 per ton. The decline in price is cited as the reason the newsprint makers, notably International Paper Co., have been going into the business of selling waterpower to make a side profit, and buying newspapers to ensure their market (TIME, Apr. 22, et seq.). The possibility of a price rise was cited by the American Newspaper Publishers' Association, convened last week at Asheville...
...RESOLVED, that the membership of the American Newspaper Publishers' Association views with deepest concern the continued efforts being made to negative the operation of the law of supply and demand and to substitute in its stead an artificial control of the price of newsprint. . . . The membership further feels that any increase in the price of newsprint, in the face of existing conditions will be persuasive evidence that such increased price will be the result of collusive combination...
...beds lies in the fact that they are in the immediate vicinity of the coal burning Canadian paper mills, the largest of which, the Kapuskasing, burns 500 tons of coal daily. With coal mines within sound of their buzz saws, Abitibi pulpmakers saw a chance to make newsprint still more cheaply for U. S. newspapers. Lignite, or "wood-coal," is geologically half way between turflike peat and smudgy bituminous coal. It is hard, looks like dirty brown slate, burns without smoke, is clean to handle. Mined in the U. S. in North and South Dakota and Texas, it is useful...
Five years ago International Paper Co., more than twice the size of any other manufacturer of newsprint, was selling its paper at $75 per ton and making only a moderate profit. It was evident that the price of newsprint was going down (it is now about $55). Mr. Graustein was made president of International with instructions to save it from disaster. He closed its less efficient plants. Paper plants are usually on waterpower sites. International found itself with much unused waterpower. International added "Power" to its name, bought into the New England Power Association, became a seller of electricity...
...most U. S. dollars were spent. Not the British Isles, however, but Japan attracted the next largest U. S. expenditure. Of the three countries; however, only imports from Canada showed an increase. Decline in silk prices accounted for the Japanese shrinkage, decline in tin prices for the British. Paper (newsprint) and copper were the Canadian products that chiefly swelled Canada's income. General was the decline in U. S. imports from Europe and Asia; general was the increase from South America. Germany showed the only major European increase, selling potash, sulphate of ammonia, hides, gloves and sulphite pulp...