Although consumption of newsprint in the United States is up only about 3 per cent, over last year, Canadian newsprint producers have been benefiting from a combination of factors which might only occur once in a decade—or a lifetime, The premium on American funds, me curtailment of European exports, and the uncertainty surrounding Scandinavian shipments have combined with other influences to neis the profits of Canada's paper makers. The month of November was an especially bright spot for newsprint companies and, aiough November's proauction schedules may not be attained for some time, the industry should contribute handsomely to the nauonal oncome during 1940.
Producers of sulphite pulp have been particularly favoured by the course of events. Prices are now back to a profitable level and, with Great Britain seeking suostantialy larger supplies from the Scandinavian countries, the reiauvely small excess sulphite pulp capacity in Canada—in relation to total American requirements—is being put to fuller use, The manufacture of kraft and beer grade papers is more actively employed than for a great many years, The premium on the American dollar has blocked imports from the United States, exports have been at a higher cate due to curtalment of European production, and the domestic demand has been a third factor in creating a demand which has exceeded mill capacities, While certain business has represented restocking, unfilled orders in the industry are as high as they were several months ago and no let-down in operations is indicated before the spring.
Text read from the printed page and cleaned; old type leaves the occasional error.