Word: newsprints
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...Chicago, Daily News Editor-Publisher James S. Knight yelped: "Gouge!" In Quebec City, Emile Castonguay, Canadian Daily Newspaper Publishers' Association president, snapped: "No justification!" The outcry on both sides of the border was caused by the fact that Canada's St. Lawrence Corporation, Ltd. had increased newsprint prices $5 a ton, topping (by $2) the alltime high of $130 charged after World War I. Other Canadian newsprint mills were expected to follow suit, as they have in the past...
...publishers, who spend nearly 80% of their newsprint budgets in Canada, protested that the boost will add $32 million a year to high operating costs, may actually squeeze some newspapers out of business. They pointed out that five Canadian newsprint producers showed profits of $25 million after taxes on $120 million in sales in the first half of 1955-up 21.6% over last year's first-half profits...
...good neighbor," a top Soviet diplomat warned Iran, "Russia is ready to settle all pending accounts with you without fuss, but there are certain evil hands which give you a dagger to injure her face. That you must not do." Russians wined and dined Iranian officials, offered free newsprint to neutralist newspapers. Premier Bulganin invited Shah Reza Pahlevi and his Queen to Moscow, but the cautious young Shah posponed the visit. Said he last week: "The neutrality and peaceful intentions of the Iranian nation in two world wars did not save our country from aggression." Foreign Minister Molotov thundered back...
...Trash & Trivia." But the formula got out of hand. The biggest spur was economic. With little newsprint available, the popular press used what space it had to the best advantage, i.e., to lure readers. Since advertisers had to wait in line to get into the tightly rationed dailies, editors knew that the only way to boost revenue was to boost circulation...
...platform, and, so long as the patchwork of tenements, corner drugstores and housing developments that he represents keeps on sending him back, he sees no reason to change his tactics.* In his time, rotund Manny Celler has whaled away at the steel industry and bank mergers, Wall Street and newsprint combines, even probed big-league baseball for suspected monopolistic tendencies (and why a hotdog cost 20? at Ebbets Field...