Document 704wMnQwNNQ65xYynzz6pgLjE

I-P Co. Chief, Paul Gorman, Cites Future Paul A. Gorman, President and Chairman of the Board of sfta Inter national Pxijct Civ, said that al though he towid "see ho evident of a signJtieattl upward trend if* the paper Industry ot the present time1' he wu optiinlslie about the boslr**** outlook Jot 1U wsrupcrs1 and M In dustry on the longer range. Speaking at the pap;' company1* anno*! meet, ing at the Bllimor* Hotel, in Now York, Mr. Corntan added that, ''Un ices there if a strong upswing in the general economy and a firming In the price structure (or our major product*, we cannot look lor ma jor impcvvemene thiv year." The company's earnings Ssst year fell sharply, declining to 162 million trout the record earnings of *215 million in 1969. Most ol Ui factors which adversely affected the compa ny's 1873 rwlta continued into 5971, anti this year's first quarter ownings omounterl to $i5,B39,M0, compared to *20.633,000 for the drat quarter last year. fcfr. Cornan, who took office as President of the paper company in February of this year, told Che share, holders that. "International Pepcr Is well situated to participate In the promising outlook for lb* industry in the years atiead. J-P is L> a good portion io bcrveflt when the growth rut of the pfonumy return* to nor mal" H listed two special factors Ihsi will influence 1<2"* position feversbly; {!) Construction of new paper and peper&uard capacity in North m \o tot, well below the forecast growth in de mand during the neat two or three years. (2) The pent-up demand in residential housing construction should provide a broader marfcel lor the company's plywood and lumber pUroedtucfctsu.MM*r*r. tGheo*r,mathneastsourorepdantyhVe goal was to achieve Improvement !n earnings per share end in the return on equity Investment. "To accom plish this," he added, "we will Invest in&uey when wo feel that the results will be beneficial in terms of im proved settlings and In the best In terests of our sharehrddocs." Mr, Gorman emphulzod the! the company had no inMntion of curtail ing its $101 nullkao company-wide progrwo to contra t water and air pollution, "So fax, Burs than *42 million baa been appropriated by the Board of Directors to Implement the program announced lest year. This commitment to environmental quel, ity by International Paper is firm." U-C Prices to Rise Union Camp Corp recently 86, nouixod the: it Is Increasing price *10 to *20 * ton on a wide variety ^ VWvv.Un* pepeco and c&nvttVmg yoi'9 uod pipoi'bJ*irda. Tlie gredc* elude envelope, tablet, offset s^q Lonliounus forms paper, as w>. u cooled briftols ond relaled supe^ and poporboerds. Ail price u<cieset| will be affective with shipments on or after July I, 1871, wjift she e*ceB. Uon of tablet iia^ae which wtu. j,,, crexseSid ion on Oct. 1, 1872. The company said that the adjustments reflect cost increases i*, frelglit, raw matoileLs, Ichor, cod op. eratlons. Scape Group Inc. Formed Swrpt Croup t/jc ia & newly mew. poialed company formed to provide management conaultlng service to member companies la North Amer. Jca. These companies include Seapa Dryers Sno. in Weyercss, Go.; Porrita it ^efieer Inc. in Wilson. N. C; P&S Textiles laic, in Sksnaateles PaSVs, V. Y- Scapa Djyvrs tCaoedaj Ltd In Jolictle, Que.; Pvnlus 4; Spencer (Canada) Ltd In Hsmiltoo, Oat. The board ot directors ot Scape Group Inc. 1 es follows; J, V lllit* die (Chm). S. W. Gaodell {Dept Chm), J. Haythorruhwate*, T. H. Webster, K. Race, The Scape Group of eamcanLet ^cortwce feb waf tehrics, plastic wire and engineered products for the paper industry as well as industrial filter cloths. 'Third Forest" Experiment Station Dedicated In Mississippi The "Thltd Forest' effort In Mis sissippi aebievod a rtgidllcant mile stone on April 16, 1971 wish the ded ication of a new forestry research center in Greene County, The Cen ter, dedicated to '"provide the ? 6, Stobkr <7nd ?im tell) Mopiapw ef Woodland* fer Scoff Pe' Cc.'t S^rtitrn Operation, ptoor Predden* Willem L &Im ef Mteifeilppt State l/itlvonli, -Hh tl, deed fo SfiP Meet ef lend. The kind will moo at tieodyvoHen for Mi Mlnbtlppl AfljU euliwei end feroUcy Cape'tao^l *tellen expended Jotettty teivordv ?foctant Stepce- ntlng Hie So.tham fofeu SeiC.ie Council et ihc dedlcoilon on Aj~il ft, *871, wot fe*n W. Sc"<'"*. II9I1I, white Den A. gii.lt fil$C.|l re^rntecih tf ita Mtethupn! fatuit/j Awectcteu. knowledge to help grow the South's Tmhaidrde Favoareilsatb1'leistolocthateed on laeCe Agricultural and Forestry 2*polment Station by Scott Paper Co. During ffround-broaking cereaia. r.iee held at the site, F E, Stabler, Woodtanda Manager for Scoti'i Southern Operations, presented the deed of the properly to president William L. CHes o( bflcttut?1^ State University, and Silt G-chlen, Soo Corporate Vice Pceaiilent received a copy of a resolution parsed by the Mississ/ppi legislature eeni^'fdlng IU company for lu eeneroaii* John W. Squires, representing the South er is Forcsl Hoeourcc Council at tl< dedication, also commended ibe company mid ih university for ac* eepimg one of the cisellcugeS of the Third Forest F/egrom. Bet* K Dovis, Executive Secretary of MJaiaeipg Fofostry Association, repreowtTM Usui oitfartfauilion'a Tlsird I?=rt Cwmmiitoc ut tho ceremony. Ait-ftcduiff 10 Dr, IL !*<.!' / Ft*Jl Head uS the Dcpl. of Pvrertri ;* id^ilppl StntOj Ml Vv nn hcAdJ lri Improwr Ih.t cullurnl iKninr(thUt<cii'it;cM.-'r| i>v|rji;n( (un' piMmws EXHIflfr fuii< )>r, lh>lL' ! wiuthkiiw Hit.!' i..f *(Ai'ri ANtr**AfTiiai'jt. ;hnk m. n?i 55th >ton< Mpi The paipln BjeMt* fommt teefinit tfiah a b? ** conen cal As: IMabdeurst2i Housto hsirn* Co, fo traiion l>v Mmalnngeoit tee. wi and Te nin^ o aeld-tii pert et ot A wort eaort ) rhf*i i Fspe: i aaUt*rabliemi |j tup--: I roam < [ aonwoo ! sponsor ' Oct 25 : eacs.) ! The c : Monday progren and P>c Id) to C ' adena < Soulhla ; Those * fAelreeencHe ;; being t > Gensrai > H. O. ? > Ave. Wt : Andre PJMA . Anoii PIKA'* Chicago Bansch, eraHons Papers | urai Sty Uin SuW PLrTKlIlli WHI-Q" je.-t will hvidi,i twoeill, TIwhf- Oh* P.i|*i tif V) (mil Alii. Oii.a't i P-|ii'.