Word: newsprint
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Though Britain refused to go along with Canada's demand for full convertibility of the pound, it did promise to wipe out restrictions on dollar-area newsprint, salmon, farm machinery. Canada in turn refused New Zealand's plea to cut down trade-inhibiting farm subsidies, but agreed to keep down tariff barriers against lamb and mutton, automobiles and aircraft. For the Commonwealth's smaller, less developed partners, Canada led a big power move to increase development aid, pour more money into the International Monetary Fund, World Bank and Colombo Plan to speed progress in Asia and Africa...
...case in point was Ireland, whose tidy markets Ottawa's Foreign Trade Service hopes to improve with a booklet for businessmen pointing out Ireland's liberal tariff and import policies for Canadian products-aluminum, wheat, lumber, newsprint, hides. The main problem is that Canada fails to reciprocate. Wrote the Toronto Telegram's Financial Editor Devon Smith: ''Ireland is another of those countries which Canada treats in as offhand a manner as Canadians claim the Americans treat ourselves...
...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...