Democratic Sentinel, Volume 4, Number 27, Rensselaer, Jasper County, 20 August 1880 — Paper Rags—Advance in Price. [ARTICLE]

Paper Rags—Advance in Price.

In the Chicago market the price of common print rags has advanced since Jnly 1, forty cents per 100 pounds. Country-mixed rags arc held firm at $2.65 per 100, being an increase of ouehalf a cent per pound above the price asked thirty days ago. The cause of this upward turn in the rag market is principally attributed to the scarcity of stock, which is the result of a thorough scouring of all sections of the country by rag gatherers since the boom in prices began nearly a year ago. The vather-sudden advance in rags has given a firm tone to the paper market, and manufacturers declare that they cannot make paper at present prices any longer. That there will soon be a general advance in the price of paper is very evident, if the manufacture of it is in any way affected by the prioe of rage.