ANOTHER RISE IN PAPER.

Taranaki Daily News, 23 February 1916, Page 7

ANOTHER RISE IN PAPER.

INCREASES ALL ROUND,

Paper prices this week have advanced by 1 /; d and Id per lb over those rates which came into force in the first week in December last (savs the Sydney Morning Herald of the'-Ith inst.l" The trade has been excited over the increases, and there has been free buying, because of the fear that prices will advance still farther. The reports concerning the restriction of paper imports into England and the restriction of wood pulp exports from Scandinavia, apparently started the excitement. The cables received from private sources all suggest a tight market. One states: ''Sailings from Scandinavia are irregular, also very limited. Cargo awaiting shipment is hugely in excess of available tonnage.'' Another cable is to the effect, "Can promise nothing. Be prepared for great delays. New prohibition export wood pulp is likely to increase price? generally." From New Yolk it is cabled, "Railways will not carry, s o cannot ship at any price. Steamers now ask 40 to 50 dollars (eight guineas to ten guineas at an exchange of 4.75 dollars) measurement." r .ondon cables, "Cannot quote, panicky conditions prevail." What prices to-day mean may be judged from these two instances. White printing before the war was 1 3 /, d per lb, in December it was 2%d, now it is 3d. Again, art paper, which before the war cost 4d per lb, in December it had advanced to 5%d, now it is G%d. Another art paper, which before the war cost 4%d now costs "i/,d. Printing paper, which most of the country newspapers use, quad crown 42. cost fornic'rlv 7s per ream. Now the cost is lis 4'/»d an in-' crease of more than 50 per cent. A»ain if we compare prices of MF printing" we find that formerly it was lis 3d,"no* it is 25s 7'/ 3 d per ream. Double printing paper, colored, cost 8s Od, now it is listed at 18s 4y 3 d. " ~'..