Big Losses Shown
In Pulp Business
-x
The Grays Harbor Pulp and
Paper Company reports a profit
from operations, before interest
and depreciation, for the fiscal
year ending April 30, 1931, of
$437,402. Interest paid amount
ed to $244,735. After all charges
and write-offs, the net result for
the year was a loss of $205,165.
And the Rainier Pulp and Pa
per Company of San Francisco,
reports a net profit of $65,535
before extraordinary expenses
and losses for the fiscal year
ended April 30, as against a net
profit of $471,623 for the previous
fiscal year. Extraordinary ex
penses and losses amounted to
$235,654, however, resulting in a
i 1 S ' of 70,118 for the
year of the report.
“The Camerons are coming”
and the Zellerbachs are coming’
when they get ready to come—
no sooner.
-V
Canada Said Be
Backing Fight
-x
The Alaska press now comes
to the fore and alleges that the
opposition of the American Pa
per and Pulp Association to fur
ther development of timber and
power sales to that industry, is
due to the power and intriguing
of the Canadian newsprint in
dustry.
“ It" isHpointed out that 18 years
ago Canada secured control of
the American pulp and news
market and has retained that
control. The American news
print makers produce only one
third of its necessary consump
tion while Canada supplies 87
per cent of the quantity deliver
ed and 80 per cent of Cana la s
production is marketed in the
United States.
The opposition to the Alaska
pulp development is said to be
not based upon a need for or
the desireability of protecting
the purely American newsprint
industry.
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AMERICAN PULP ASS’N
PROTESTS TIMEBR SALES
From Juneau Empire
Washington, D. C., and Fair
banks despatches to the Empire
idicated that the protest of the
American Paper and Pulp Asso
ciation against large scale pul;
and paper development in Alas
ka was unnecessary and thal
such development was not ex
pected to occur as long as pre
sent conditions prevailed in the
newsprint industry.
The Association, Sunday sent
a letter to President Hoover urg
ing him to halt pending nego
tiations for the sale of national
forest timber in Alaska on the
ground that pulp production
there “would thrust unwarrant
ed products upon an over ex
panded industry struggling witl;
diminishing demand and van
ishing products.”
Not Force Development
A Washington despatch to The
Empire said: “Under present
conditions in the newsprint in
dustry it is expected interested
Government officials will dela\
indefinitely the development oi
a large woodpulp industry ir
Alaska which is feared by the
officers of the American Papei
and Pulp Association.”
“The situation involves a pro
jected development in Tongas.'
National Forest by use of pro
posed power plants at Ketchi
kan and Juneau. Each plant is
expected to cost $15,000,000.
“One of the developing groups
is headed by George T. Cameron
publisher of the San Franciscc
Chronicle, and Harry Chandler,
publisher of the San Francisco
Times. The other is headed by
Zellerbach brothers of San Fran
cisco.
Flory Denies Forcing Issue
Chas. H. Flory, Commissioner
of the Department of Agricul
ture, is quoted as saying the As
sociation’s protest is unjustified.
“We are not trying to force the
issue or to throw more paper on
the market, but we are in readi
ness to go ahead when condi
tions change.
We have the timber and power
to build up American produc
tion when the time is right,” Mr.
Flory added that negotiations
between the Forest Service and
applicants for timber were dis
continued early last spring be
cause of the business depression
and present over-capacity of ex
isting mills.
PULP MILL FOR IDAHO
Construction, of a $1,000,000
Pacific States Pulp and Paper
Company, Priest River, Idaho,
will employ 300 men and will be
begun at once.
Our heads swim with talk of
pulp mill construction in Alaska
but it makes us dizzy to look ov
ei reports of pulp mill construc
tion in the states, the past two
or three years.
x
Political Views
-x
A. E. Rasmuson, Skagway
tanker and politician, with a
chain of banks extending thru
out the Territory, was a Juneau
visitor Saturday, and while in
town he called on The Stroller’s
Naturally, the talk drifted
around to politics, and the fi
nancier was asked to give his
viewpoint on politics, national
and territorial.
Mr. Rasmuson was emphatic
in his opinion that Mr. Hoover
would receive the nomination, if
he cared to run again, and be
lieved he would be elected by a