Word: newsprint
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...presidency of the ANPA. Third Southerner, one of the youngest men to be so chosen, heading a relatively small (72,015 circulation) newspaper, President Stahlman had a sampling at last week's convention of the major problems facing U. S. newspaper publishers: a threatened 1938 newsprint price rise of $7.50 a ton, 25% up in three years; an increasingly difficult taxation situation complicated by Social Security, particularly involving the use of boys to deliver and sell newspapers, and the prairiefire spread of the American Newspaper Guild...
Meantime the No. 1 U. S. papermaker, colossal International Paper & Power, has also been putting its corporate house in order, and for the same reason: a paper boom. After dragging bottom at $41 per ton, newsprint prices were increased slightly for 1937 contracts but the first real boost did not come until a fortnight ago when International announced a new price of $50 for 1938. A score of U. S. and Canadian newsprint makers promptly followed suit, while London's Lord Rothermere, a papermaking publisher, dispatched this cryptic cable to the Toronto Financial Post...
Already the newsprint industry was close to its effective capacity at the old price. North American newsprint capacity is theoretically about 5,500,000 tons per year, only 1,200,000 tons of which are in the U. S., but effective capacity depends upon price, high-cost mills closing down when newsprint drops much below $50 per ton. At $40 per ton no mill can make money...
What money has been made in paper in the past few years has been largely made in other types than newsprint, notably kraft and paperboard. Paperboard (boxes) accounts for nearly one-half the total U. S. paper production. So great is the current demand for paperboard containers that prices have jumped about 50% in the past four months, another boost last week carrying quotations to the highest level in ten years...
...five years through 1936 the value of Canada's mineral output soared from $191,000,000 to a new high of $360,000,000, nearly one-third in gold alone. The total of dividend payments by Dominion mines more than tripled. Mining now ranks ahead of lumber and newsprint as the most important Dominion industry outside of agriculture. And the Toronto Stock Exchange, now merged with its old mining rival, not only outstrips the Montreal market in dollar-volume of trading but also exceeds every exchange in North America except New York's "Big Board" and the Curb...