Business: Battered Pulp

Canada's great pulp companies were truly vexed last week at impish Lord Beaverbrook. When he acquired a dominant interest last June in the venerable firm of Price Bros., Canada's fourth biggest newsprint maker. Lord Beaverbrook said the firm would remain proudly independent. This was a blow to the other companies, whose pet project and apparent salvation is a huge all-embracing merger. Last week Lord Beaverbrook's disregard of a community of interest became clearer when he abruptly, unexpectedly cut the price of newsprint from $53 to $47.50 a ton, a figure at which no...

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