N. M. Jones of Bangor, Maine announces that at a conference of
capitalists in New York, from which he has just returned, the sale of
the largest pulp and paper mill in the Canadian Maritime Provinces
to a syndicate of Maine and New York men was arranged. The property,
for which it is said $2,000,000 will be paid includes mills at the
Reversing Falls, near St. John, N.B., and large timber lands in New
Brunswick. The syndicate includes Hugh Chisholm of Portland, President
of the Oxford Paper Company, and Maynard S. Bird, also of Portland.