Pulp Truce

Loud was the outcry of U. S. newspaper publishers when Canadian papermakers, prodded by provincial government officials, announced they would have to charge $5 more than $55.20 per ton (the present price) for newsprint (TIME, Dec. 9 et seq.). The American Newspaper Publishers Association made the threatening gesture of inviting Federal investigation. They also made the conciliatory gesture of inviting a committee of the Newsprint Institute of Canada to meet with them in Manhattan and talk things over. Last week the pulpsters replied: Their minds were made up, they would not go to Manhattan to discuss the matter further, the price would be raised to $60 per ton with a $5 reduction for the first six months on three-year contracts.

A six-month truce was forced upon them by the biggest company among them, U. S.-owned International Paper Co. Not a member of the institute, free to act independently, International offered newsprint at $55.20 per ton until July 1, promising 30 days' notice of any price change after July 1.

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