The sun., 1919-06-24
new HIGH EXPORTS
OF PULP AND PAPER
Canada's Total S83,872,566
Last Year, q Gain of
32 Per Cent.
TARIFF AID is NEEDLESS
Atlantic Sugar Refineries,
Ltd, Shows Profits for the
Year of $986, 343.
TARIFF AID Is NEEDLESS
Special Despdtch to TEE Sex.

Special Despatch to THE srS.
| MONTREAL, June 23.-An analysis Of
Canadian exports OF pulp and paper in
the Dominion's fiscal year ended March
81 last. Issued during the week by the
Canadian Pulp and Paper Association.
reveals the substantial progress being
made by this important industry.
| Total exports Of pulp and paper were
valued at sS3.872.566, against s63,4s6,-
2?2 In 1917-1S, which had established a
| new high record. The gain of 90 per
cent. over the previous high mark for
the industry shows clearly enough that
q large measure of success has attended
the efforts OF the companies to broaden
their market and there Is no reason
why further progress should not be reg
istered for some years to come.
A feature Of the returns Is the show
Ing that. largely on account OF the diffi-
culties OF securing ocean space, exports
to Great Britain had been reduced to
nominal proportions. Exports to South
Africa and Australasia were affected by
the same condition. The situation to-
day is that large and growing market
for Canadian pulp and paper products
has been established In the United
States, while every month is witnessing
improvements in The shipping position,
with an Increasing volume Of overseas
business for the pulp and paper COM
pan!es.
British Market Promising.
The British marriott, according to au-
thoritative views in the trade, is ex-
ceptionally promising. Prior to the war
scandinavian mills had this big mar
ket pretty much to themselves; Great
Britain took a certain amount of PUN
hut LOT
One reason for that was the advanta &c
held by Scandinavian mills in the mat
ter of costs of production and ocean
freight rates. While production costs
have risen in Canada In the war years
the claim is advanced that the rise has
| been still more pronounced among the
mills of northern Europe.
That Is one equalizing factor. An
| other factor promising from the Cana
dian standpoint Is the outlook for n
substantial preference on goods from
within the Empire, and still another
the fact that Canadian mills are for
the nrst time making an aggressive eff
fort to sell their products in the British
market.
A special representative OF the Cana
dian mills 10 now opening an Office in
London, and, In cooperation with the
Canadian Trade Mission, will endeavor
to divert to Canada a large share of
the business that went formerly to non
British competitors Men like Sir.
William Price OF Price Bros; George
Chahoon OF Laurentide and J. A. Both.
Wen OF Brompton are rated first class
judges OF business prospects, and their
optimistic views as to the outlook for
steadily enlarging export market for
the industry are significant.
sOne argument on the iudustry's f,.
advanced VIII
ndence. The United States can turn
out steel cheaper than Canada; Grea,
Britain has the same advantage In tex.
tiles. Without tariff protection these
industries would be badly crippled. Blu.
in pulp and paper Canada has one large
manufacturing industry which Is in a
position to compete with the world with.
out tariff assistance.
So long as costs Of manufacturing
newsprint in Canada range from IS tc
slo a ton less than In the United States
the Canadian mills have nothing 10
worry about. and the latter day ten
dency has been for this margin to widen
in favor of the Canadian producer, with
his abundance OF cheap wood and his
| larger use OF the abundant water DOW
ers scattered through his timber limits
Atlantic Sugar Refneries. Ltd, which
was just reaching a producing stage
when the war broke out. giving It a
temporary setback. has Just Issued It's
statement for the year ended April 80
Operating profits Mt $9s6.343 were more
than double the total of the year before
and after all deductions, including $104,-
l66 set aside for betterments. the bal.
ance available for dividends amounted
to sS75.3s2, or about is per cent. on the
preferred stock, against $209.103. or
about 8 per cent, in the year 1917-1S
The good showing explains the recent
action OF the directors In placing the
preferred on a regular Z per cent. dlvi.
dend basis.
| ShauRhnessy in New Post.