NEWSPRINT

Hokitika Guardian, 14 December 1929, Page 6

NEWSPRINT

A CANADIAN RISE. U.S. PUBLISHERS ALARM. [United Press Association—By Electric Telegraph.—Copyright.] # NEW YORK, December 13. A controversy between Canadian newsprint manufacturers and United States newspapers has arisen over the former’s announced intention to raise the price of newsprint from fifty-five to sixty dollars per ton for a three year contract period beginning in 1930.. Publishers, who claim over capitalisation and previous over production and inefficiency, are behind the Canadian action and also allege that since the Dominion controls fifty-two per cent, of North American newsprint, it amounts to a holdup. Stressing, that under imperial preference, various British dominions secure Canadian newsprint at a. more favourable price than the United States. Leaders in all newspapers intimate a retaliation and draw attention to the fact that the tariff discriminates against Canadian products first contained in the House Bill have been corrected hv the Senate and that Canadians had strongly protested against the very thing that they now intended doing themselves. The American Newspapers Publishers Association have asked the United States Federal Government to take action against Canada Paper Manufacturers and have issued data showing that business necessity and the action of economic law dictate the step. Considerable dissatisfaction is also expressed in Canada with the tendency in the United States to protest bitterly against “price manipulation.” when the United States industrialists are notorious offenders.