Oldal 6 [6]
emreig rag | profitable reserves estimated over I billion
tons - is Algoma Steel Corporation.
Canada produces 70% of the world supply of asbestos.
25% of the Canadian production is accounted by the Asbestos
Corp. Ltd., which owns also large low cost reserves, About
on half is produced by Johas Manville Co. of Canada.
Titanium, because of its inherent qualities, is one of
the metals of the future. Quebec Iron & Titanium Corp., owned
2/3 vy Kennecott Copper and I/3 by New Jersey Zinc, has at
= ge Province of Quebec, a deposit estimated at I00 mil¬
on tons,
Of all the important Canadian industries, Pulp and Pa¬
per has still the first place, After an acute erisis in the
thirties, it has been reorganized on a sound basis and now
offers a bright future. Studying the varfaus companies in
that field, the following four can be considered outstanding
from a financial and management point of view : Consolida¬
ted Paper, Powell River Paper, Price Bros. and Frazer Co,
Consolitated Paper Corp. Ltd., ows five paper mills,
has an annual capacity of over 690,000 tons of newsprint and
about 124,000 tons of other paper and pulp. Timber limits amo
amount to I7,000 square miles in Quebec and Ontario, repre¬
senting a reserve of 50 million cords of pulpwood.
Powell River Company,Ltd. has an annual capacity of
290,000 tons of newsprint and 48,000 tons of other pulp
= aper. It is the largest newsprint producer of Western
anada.
Price Brothers & Co. owns two newsprint mills in Quebec,
with a “rye yf of 425,000 tons. The company controls tim¬
ber limits of 7,700 square miles.
Frazer Companies Ltd. produces sulphites and various
paper and pulp products. The company controls 5,500 square
miles of timber limits in Quebec New Brunswick.
The U.S. companies who have considerable interest in
Canadian Paper and Pupl aretInternational Paper, Grown Sei.”
pach and Marathon Paper.
Due to its vast forests, Canada is wealthy in lumbe .
Most of the timber is controlled by the Paper Companies.
ever, there are some large lumber companies, the first