Business: Deals & Developments

Stricken Stocks. For many a year Abitibi Power & Paper Co., Ltd., owning about one-fourth of Canada's newsprint capacity and a potential million horsepower of hydroelectric power, has stood No. 1 on the New York Stock Exchange list. Last week this honor, alphabetical only, fell upon Abraham & Straus, Brooklyn department store. For Abitibi was declared bankrupt, its transfer office closed, its shares stricken from the Big Board. Abitibi's troubles were only one storm-centre in the mightily troubled newsprint industry.— Another stock stricken last week was Oesterreichische Credit-Anstalt fur Handel und Gewerbe, the...

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