Word: newsprint
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...Standard newsprint...
Beaverbrook Blocked. The difficulties of Price Bros. & Co., Ltd., Canada's old newsprint firm, seemed ended when Lord Beaverbrook had a new directorate elected, his brother AllarrAnderson Aitken made president, and then suggested a plan of reorganization (TIME, June 13). Last week Lord Beaverbrook abruptly announced that his plan had not been acceptable to "several security holders and some of the creditors," had therefore been withdrawn. Chief features of the plan were to postpone sinking fund payments for five years, stop preferred dividends for five years, pay off creditors with income debentures (interest dependent upon earnings...
...renewed difficulties of Price Bros. complicated Canada's newsprint problems. A combine of companies seems essential to the industry but when a concern cannot reorganize itself the difficulties of merging it become tremendous. Last week Lake St. John Power & Paper Co., subsidiary of St. Lawrence Corp., and Abitibi Power & Paper both defaulted their interest...
Allan Anderson Aitken, 42, younger brother of Lord Beaverbrook (William Maxwell Aitken, 53) was elected president of Price Brothers & Co. Ltd., 115-year-old Canadian newsprint and pulp firm, succeeding Lieut.-Colonel John Herbert Price, grandson of Founder William Price. Mr. Price was made operating vice president. He resigned from, the directorate, making way for Lord Beaverbrook. These and other changes were thought to mark assumption of the firm's management if not stock-control by Lord Beaverbrook. Significant were Lord Beaverbrook's statements that no mergers or combines were in the offing, that "Price Brothers will...
...Newsprint is the feminine element in the pressroom. It is never alike twice. . . . There must be a kindly discipline exerted over it. ... When a sheet of newsprint breaks in the press it raises hell, just like a woman getting hysterical...