Word: newsprint
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Dates: during 1930-1939
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...waste an entire column of newsprint in an attempt to tear down the character of the man behind the movement? Surely it is no criticism of Howard Scott that he failed to be born with a gold spoon in his mouth. Jesus Christ began His career as a carpenter...
Publisher Hearst, who dotes on British and French antiques and who buys most of his newsprint in Canada, was helping himself last week to almost all of Mr. Blythe's facts & figures. He sent his newshawks scouring the land for prime examples of factories closed from foreign dumping, rounded up politicians and tycoons to endorse his campaign. "Buy American" slogans were slugged liberally throughout the makeup of Hearstpapers. First tangible result was that the City of New York agreed to specify domestic steel in all future building contracts. The buy-at-home idea has spread to States and even...
Stricken Stocks. For many a year Abitibi Power & Paper Co., Ltd., owning about one-fourth of Canada's newsprint capacity and a potential million horsepower of hydroelectric power, has stood No. 1 on the New York Stock Exchange list. Last week this honor, alphabetical only, fell upon Abraham & Straus, Brooklyn department store. For Abitibi was declared bankrupt, its transfer office closed, its shares stricken from the Big Board. Abitibi's troubles were only one storm-centre in the mightily troubled newsprint industry.- Another stock stricken last week was Oesterreichische Credit-Anstalt fur Handel und Gewerbe, the name...
...Through a typographical error TIME gave the impression last week that International Paper Co. cut newsprint prices to get business. Not International but Canada's Price Bros, cut the price. International met the competition. It was also stated in TIME that Finnish newsprint has been available in San Francisco as low as $33 per ton. This figure, widely printed, has been denied...
Battered Pulp (Cont'd). Newsprint, which dropped from $53 to $47.50 a ton fortnight ago when Price Bros, suddenly slashed its prices (TIME, Sept. 26), was hammered still lower last week. The price cut was no proud gesture but a desperate attempt to get business and cash. Last week the firm announced that its difficulties were so great that it will pass into the hands of its bondholders unless aid is forthcoming. Common and preferred stockholders may be called upon to assist. A committee was formed to protect preferred stockholders. One of its members is a representative of Lord Beaverbrook...