The segregation of the Laurentide (Paper) Company’s water powers last year, to the Laurentide Power Company, created a new and very powerful factor in the hydro-electric situation in the Province of Quebec, and particularly as regards Montreal.
The new company was formed by the Laurentide (Paper) Company, with a capitalization of $7,500,000 of common shares, and the money derived from the sale 5% par value of first (closed) mortgage bonds, due 1946, and $10,500,000 of these securities was used to finance the development of the water power to a present capacity of 125,000 horse-power.
CANADA’S PAPER EXPORTS.
In the year ended June 30, 1916, Canada’s exports of paper were of a total value of $21,256,296, as against $16,200,635 in the corresponding period in 1915. Of this former amount $17,759,018 worth or more than the total value of the 1915 export was sent to the United States.
CHEAPER DYES.
As a result of a discovery made at the Forest Products Laboratory at Madison cheaper dyes are now available in the United States. It has been found that dyes made of osage orange wood are a commercial success and can be placed on the market at a considerably less cost than foreign-made dyes can be purchased. Carloads of the wood are now in transit, consigned to eastern extract plants.
The anti union Presbyterians are talking of establishing a weekly paper to forward their cause. The matter is being seriously taken up by the Publication on Committee and the new paper will likely be a weekly.