Word: newsprint
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Dates: during 1950-1959
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...heavier production would force prices down. But Lobo argues that the industry should find new uses for sugar, thus attract new industry into Cuba's one-commodity economy. Thanks largely to his campaign, several plants are now being built in Cuba to produce such sugar byproducts as wallboard, newsprint and plastics...
...Hong Kong, Chinese Communist raincoats sold last week for 40% less than in Canton. The Japanese admitted that Chinese underselling had "destroyed" Japan's newsprint and grey cotton sheetings exports throughout Southeast Asia, now threatened to undermine Japan's markets in soybean oil, cement, structural steel, window glass. In Jakarta, Indonesians were snapping up Chinese yarn at $390 a bale, $25 cheaper than Japan's yarn. In Thailand, Japanese cotton piece goods had been virtually driven from the market by Chinese prices, which were as much as 15% lower. Other Red bestsellers: bicycles, sewing machines and scented...
...sideline to the comic-book business he inherited from his father, M. (for Max) C. Gaines, who started the whole industry in the early 30s when he hit on the idea of selling reprinted newspaper comic sections for a dime. Using the standard comic formula-32 pages, newsprint, four colors, a 10? price tag-Mad was just holding its own when Gaines played a hunch in 1955, switched to semi-slick paper and higher quality black-and-white drawings, upped the price to 25? and promptly had a boffo success. The magazine now clears $43,000 an issue...
...both services, the merger made solid sense. Founded in 1907 by E. W. ("Damned Old Crank") Scripps, the bustling, colorful U.P. last year grossed $28.8 million, but its profit margins have always been as thin as newsprint. With the merger, the U.P. eliminated a pesky competitor, increased its domestic clientele by some 120 daily newspapers to a total around 950 (v. the A.P.'s 1,243), will have "available" the services of such well-read I.N.S. byliners as Bob Considine, Ruth Montgomery and Louella Parsons, who will remain on the Hearst payroll. There was no question about...
...report: from 1953 to 1957, fully 53% of the robust Times's profits came not from publishing but from papermaking-a 42% interest bought in 1926 in the Spruce Falls Power & Paper Co. Ltd. in Toronto, Ont., which supplies two-thirds of the company's high-quality newsprint. With such a solid profit foundation, the Times had seven-figure nets in all five years, but its publishing profits in 1953 and 1954, confirming reports of the time, were barely beyond break-even. The figures...