Word: newsprint
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Dates: during 1930-1939
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...Hearst sold his employes and the public a preferred stock interest in his publishing business, the world's largest (TIME, June 30, July 14). It was the year in which he got into the pulpwood business in Canada so that his press (25 newspapers, 12 magazines), which uses more newsprint than any other man's press, might be assured forever of low prices. It was the year that he hired Publisher George Henry Doran away from his own book firm to run the Hearst-Cosmopolitan Book Corp. But eclipsing all these milestones was that French business. Nothing like...
From Canada last week came bad news for idealists. The Newsprint Institute of Canada, a co-operative pool of paper manufacturers supplying more than half the newsprint used in the U. S., formed to keep prices up and production stable, ap- peared doomed to go the way of many another group founded upon mutual trust...
Index to the probable disintegration was the resignation, as chairman of the Insti-ute, of Colonel John H. Price, president of Price Brothers & Co., Ltd., large producers of newsprint. Said he: "I have become convinced that the expressed purposes of the Institute and my efforts to accomplish them have been and are defeated by the unwillingness of members to conform to either the spirit or the terms of their mem- bership agreement...
...markets by Institute members. But no observer failed to associate Col. Price's despairing message with last fortnight's announcement of the Hearst alliance with Canada Power & Paper Corp. (TIME, Sept. 29). In that announcement it was stated that Hearst-papers would pay market prices for their newsprint from C. P. & P. Nevertheless, many a disgruntled member of the Institute felt certain that some concession, involved perhaps in an exchange of stocks, had the effect of C. P. & P. "shading" the Institute's price of $55.20 per ton. The sight of that plum (approx...
...Abitibi Power & Paper Co. and St. Lawrence Corp. would be possible allies of C. P. & P. in such a union. International Paper & Power Corp. might head another group; or-hav- ing lost the Hearstpaper business after 1933-might turn wholly to its major interest, Power, and pool its Canadian newsprint activities with other Canadian producers...