U.S. NEWSPAPERS' OUTCRY

Sun (Auckland), Volume III, Issue 845, 13 December 1929, Page 9

U.S. NEWSPAPERS' OUTCRY

PRICE OF NEWSPRINT RAISED CANADIAN ACTION RESENTED Reed. 12.48 p.m. NEW YORK, Today. A sharp controversy between the Canadian newsprint-paper manufacturers and United States newspapers has arisen over the former’s announced intention to raise the price of newsprint from 55 to 60 dollars a ton for the three-year contract period beginning 1930. Publishers, who claim that overcapitalisation, previous over-produc-tion and inefficiency are behind the Canadian action, also make the charge that since the Dominion controls 52 per cent, of the North American newsprint, it amounts to a “hold-up,” stressing that under Imperial preference various British Dominions secure Canadian newsprint at more favourable prices than the United States. Leaders In’ all the newspapers intimate retaliation and draw attention to the fact that tariff discriminations against Canadian products, first contained in the Bill put through by the House of Representatives, have been corrected by the Senate, and that the Canadians had strongly protested against the very thing which they now intend doing themselves. The American Newspaper Publishers’ Association has asked the United States Federal Government to take action against the Canada paper manufacturers and have issued data showing that business necessity and the action of economic law dictate this step. Considerable dissatisfaction also is expressed in Canada with the tendency in the United States to protest bitterly against “price manipulation” when the United States industrialists are notorious offenders.