Pulp and Paper Magazine, Vol. XIII, No. 20, October 15, 1916 / A Semi-Monthly Magazine Devoted to the Science and Practice of the Pulp and Paper Manufacturing Industry with an Up-to-date Review of Conditions in the Allied Trades.

by Various

WANT TO BUY DONNACONA.

According to a press despatch from Watertown, N.Y. as the Pulp and Paper Magazine was going to press the following story regarding the attempted purchase of the Donnacona Paper Company appeared:—

The Donnacona Paper Company, with mills located at Donnacona, Quebec, thirty miles from Quebec City in the St. Lawrence river, is the prize now sought by the French syndicate of Parisian newspaper publishers who failed some time ago to secure control of the Remington Paper and Power Company’s group of mills near here.

The French interests were unable to get permission from the Government boards of France to send money from that country to the United States in time to close the deal before their option expired.

The Donnacona mills is a new mill, having been in operation but a year. It has an output of one hundred tons of paper a day. A feature that appeals to the fact that pulpwood can be bought much cheaper in Canada than on this side.

G. H. P. Gould, paper mill magnate and owner of the St. Regis and Gould Paper Companies, is president of the Donnacona company, with Walter N. Kernan, of New York, vice-president.

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