When Price Boss Mike Di Salle heard, three weeks ago, that Canadian newsprint manufacturers were planning a $9-a-ton increase, he checked with Canadian officials, then announced that the report was "nothing more than a rumor." Last week the rumor became fact—and then some. Canadian mills announced a price boost, not of $9, but $10. The hike brought New York contract prices to $116 a ton v. $50 a decade ago.
Caught napping, Di Salle asked Canada's Defense Production Department, which has not yet controlled newsprint prices, to try to get the increase suspended and to make a study to see if it...
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