The present unprecedented situation in the paper industry has fomented
considerable speculative enthusiasm in Canadian paper and pulp stocks.
Trading in these issues on the Montreal and Toronto stock exchanges
has increased very materially, and prices are way up from the low of
the year. Canada produces half as much newsprint as the United States,
and she is increasing her capacity at a much faster rate than American
mills.
The following table shows the extent of the advance this year in a
number of prominent pulp and paper stocks listed on the Montreal and
Toronto exchanges:
Present Low Advance
price 1916
Laurentide Paper 198 176 22
Wayagamack 74 27 47
Riordon Pulp & Paper 99 58 41
Price Brothers 95 60 35
Spanish River com. 15½ 3½ 12
Spanish pfd. 44 29 15
Toronto Paper 55 42 13
* * * * *
The Conservation Commission calls the attention of Canada to
experiments showing that jack pine is well suited for making kraft
paper. It will grow on poor land and is largely used in the West for
fuel.