Word: timber
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...contest that rocked the copper mining area of Montana a generation ago came to a formal close yesterday with the sale of the mineral, timber and banking properties of the late Senator W. A. Clark to the Anaconda Copper Mining Co. . . . The Butte Miner, a newspaper owned by the Clark interests which played a part in the past struggles, also was sold...
...blatant, uncouth Marcus Daly. In 1879, a reduction plant was erected near Butte, saving the 400-mile overland haul. The next year, Irishman Daly began to make Butte roar. His men probed the earth night and day. Smoke poured out from 100 furnaces. Lumberjacks hacked down whole forests for timber to hold up excavations and tunnels...
Swift rivers tumble through the Canadian forests on their way to the mighty St. Lawrence. Between them, covering vast stretches of the provinces of Ontario and Quebec, lies a great area of choice timber land. Its potential wealth defies estimate. Year after year, an army of men with axes and saws invades it, levies tribute for the busy mills dotting the rivers. But when they have finished, the woods rise stately and tall as before, seemingly an endless source of profit to their owners...
Much of this immensely valuable land belongs to the Crown. But it would be neither seemly nor practicable for the Crown to build its own mills, manufacture its own pulp and paper. Wisely, the Crown has leased its rich timber limits to private companies, allowing them to draw on Canada's inexhaustible resources to supply paper of all sorts to U. S. and Canadian consumers. Of these private companies, the greatest is International Paper Co., operating more than 30 pulp and paper mills, holding timber lands in fee or under Crown lease larger than the combined areas of Connecticut...
...appears, International Paper considered, last week, yet another merger of giant proportions. To the already great capacity of its 30-odd mills, it contemplated adding the resources of the rival Abitibi Power and Paper Co., Ltd. Abitibi Power holdings, developed and in reserve, amount to 700,000 h. p. Timber resources approximate 55,000,000 cords. Its mills can turn out 650,000 tons of newsprint yearly. Should Abitibi merge with International Paper, the resulting company would in effect dominate the world's newsprint production, would be one of the major power units of North America...