Word: paperboard
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Dates: during 1930-1939
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...York Times, a Rupert Hughes novel, We Live but Once, an old hatbox- these and other heterogeneous waste materials the Clifton (N. J.) Paper Board Co. converts into paperboard for corrugated shipping containers, folding cartons, shoe boxes. Last week, after a few trial runs, the company's newly modernized $2,000,000 factory was ready for full-blast operation. Clifton turned out 12,000 tons of paperboard in 1932; the plant is now good for 125,000 tons a year...
...Though the budding building boom has been temporarily frosted by soaring prices, Johns-Manville Corp. reported a 44% increase in sales in the first six months with profits up from $1,474,000 to $2,811,000.- C, Sharing the paperboard industry s record business in the first half of 1937. Walter Paul Paepcke's Container Corp. made more money than in any six-month period in the company's history. After the spring peak the paperboard business slumped badly, is currently in the doldrums...
What money has been made in paper in the past few years has been largely made in other types than newsprint, notably kraft and paperboard. Paperboard (boxes) accounts for nearly one-half the total U. S. paper production. So great is the current demand for paperboard containers that prices have jumped about 50% in the past four months, another boost last week carrying quotations to the highest level in ten years...
...toothpaste, shaving cream, etc.), and paperboard for "set-up" boxes (for candy, shoes, etc.). Container Corp. dates from 1926, when Philadelphia Paper Manufacturing Co. was merged with the paper board division of Chicago Mill & Lumber Co., a business founded in 1881 by Hermann Paepcke. Founder Paepcke stayed on as president until his young son Walter, four years out of Yale, stepped into his father's shoes in 1921. When Container Corp. was formed, Walter Paepcke became its president at 29. For his executive vice president he had an old-line boxmaker named John Paul Brunt, onetime head...
After a fine first year Container's earnings started to fall. The paperboard industry was feeling the effects of tremendous overproduction from new mills. Container met price cut with price cut, depending on big sales volume to make money. President Paepcke thought that quantity would be his company's salvation. But to conservative Boxmaker Brunt, whose credo was quality, the Paepcke policy seemed all wrong. Stubborn, he started a proxy fight to oust his young boss, lost in 1931. Accepting a lump-sum settlement for his salary contract, Brunt...