SUPPLY AND DEMAND LAW CONTROLS PAPER PRICES.
In his address before the New York Business Publishers’ Association, formerly the New York Trade Press Association, at the Advertising Club of New York on Oct. 2, Judge C. F. Moore, secretary of the Bureau of Statistics of the Book Paper Manufacturers’ Association, declared that there was a real paper famine in the United States, and that the law of supply and demand was solely responsible for the present high prices of book paper.
He went on to say that the people in the United States were enormously busy and that they were using more paper than ever before; that there was a more acute paper famine abroad than in America, that the mills in the United States were all working day and night six days a week, and that because of discouraging legislation passed by Congress in the past the paper manufacturers had not been keen on building new plants and installing new machinery when there was such a chance for keen competition from abroad. He asserted that there had been no agreement by paper makers to boost the price or to regulate it.