South Bend News-Times, Volume 33, Number 309, South Bend, St. Joseph County, 4 November 1916 — Page 4

THE SOUTH BEND NEWS-TIMES i i REAS R PRICE BOOS

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Paper Mill Owners Boosted Figures Although Expenses Are Lower.

WASHINGTON. Nov. I. In ;i j statement last nteht announc ing ir-. tu a I completion of its investigation j

of news print japer prices th: federal trade com minion declares that .luring the find; half of this year, when prices already were KoarinK to unprecedented figures, the avcrairo cott of producing news print paper in domestic mills was less than $1.per hundred pounds, or below the average coat in the past thrto years. Certain fact developed by the inquiry arc made public now. because most of the publishers' contracts for paper are aoout to expire. Contract prices rose this year from less than

r.rr hundred to 1Z and and;

on current market purchases the publishers have paid 57 or more for paper bought in the,, fame way prior to January 1 for between ?- and S3. The statement follows in part: "The investigation of the advance in prices of news print paper which was undertaken by the federal trade commission by direction of the senate has been practically completed and the report will be ready to send to press in the near future. Aihamv IWan Fairly hl 1IHK. "The price advance in news print

paper which occasioned this inves-I titration 1-ean early in 'jC and j

has continued down to tue present. Most news print paper, probably about SO percent, is sold on contract for periods of a year or more. IJefore the price advance be-an. contract prices for news print paper were Kenerally less than $2.00 per hundred pounds f. o. b. mill. Darinthe tirst half of 131 contract prices for lar,;e quantities in some instances went jis high as $:i per hundred pounds and since July 1,

191, have run as hUh as $;5.50.:

Most of the contracts now in operation will expire within three or four months. "On current market purchases newspaper publishers have been paying manufacturers and jobbers very much higher prices. Before Jan. 1, 1916. current market prices ranged generally between $- and $3 per hundred pounds, delivered, depending on quantity, freight and other circumstances; but since that time they have gone up as high as

$G or $7 per hundred pounds for a! considerable volume of business, j

and even higher in exceptional instances. "The average price received by domestic manufacturers of news print paper did not advance in anything like the degree that current market prices advanced, because most of the paper was sold under contracts previously made. On the average, the actual net receipts of domestic manufacturers for news print paper were less than $2 per hundred pounds during the first half of 1916. Manufacture Cost Ixmer. ' The average cost of manufacture of news print paper in domestic mills was less than $33 per ton. or $1.6.". per raindred pounds, during the tirrt half of 1916, as shown both by the manufacturers' own cost sheets and by the cost as revised by the accountants tf the commission. Furthermore, these average costs were slightly lower than the averace costs in any year from 1913 to 1911. "Though the average cost declin

ed in the first half of 1916, the mar-i ktt prices of some of the materials j oi manufacture advanced and were! un isually hkh. j "It should be noted that the most ; important materials which advanced! in price, sulphite and groundwood i

were produced y most of the paper manufacturers without an increase in cor t and not bought at market prices, while some other manufacturers were protected against the increase in prices by contracts. Sumo

of the other materials which were purchased "at advanced prices were ery small factors in the total cost, t'ertain economics were also practiced in the use of epensie materials.

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Your Support Will He Appreciated. Edward S. Svanson Republican Nominee for SHERIFF of St. Joseph County. It-;; JSW.tioT Tuesday, Nov. 7, 1916. Adv.

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' CROSS the Road we are to travel

this next four years, even though

we start right and move with prudence and courage, serious hazards are thrown like the breaks in a roadway made by a torrential rain. These all rise out of the war torrent which has overwhelmed Europe."

"TV HEN this war began over a million American working men were seek ing vainly for employment. When the war ends and the developed energies of a new Europe are thrown into commercial production, our nation will face a competition such as it never knew' "NE of two things must happen either millions of men will be seeking work in vain or else there must be thought out in .advance the problem of commercial organization as France and England and Germany are seeking to think out the problem today." ujHVERY one of these nations is preparing to de. fend its own market by a protective tariff. "TF we are to save our laboring men from a catastrophe we must plan a tariff protection along sound, just and economic lines. To this endeavor I pledge myself and the men who are to be my colleagues."

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Republican National Publicity Committee.

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