Business: Paper Progress

Two brief stockholders meetings were held in San Francisco last month to solemnize, after a nine-year engagement, the wedding of two big West Coast corporations. One was Crown Willamette Paper Co., the other Crown Zellerbach Corp. Crown Zellerbach has had stock control of Crown Willamette since 1928 but for nine years both retained their corporate identities. The shares of both were listed on the New York Stock Exchange. The $100,000,000 union left Crown Zellerbach (the married name) the No. 2 U. S. paper company.

Meantime the No. 1 U. S. papermaker, colossal International Paper...

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