New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-25
sTAGNATIoN IN THE PAPER TRADE.

A GOOD FALL BOolNEoo UNI '''''' 80
EFFECT OF DIMINISHED PRODUCTION
TpRryy reporter visited several firms In
the paper trade yesterday. and learned that some
branches of the business were quite prosperous "h'e
with others there had been large falling OIL IN business
Collections were made with difficulty, ana the ran ouS
ness was largely broken up Firms that nave cohtao
for supplying large newspaper and publishing
roept have suffered the least while JoDDers are haNnS
very dull times. The market seems 10 nave oeeh of
stocked All agree that business was good Oeioro 'h
panic. There seems 10 DO no prosPeo' VI H"' ~
Improvement before 1874 .
Mr. Smith OF Messrs Campbell Hall & Co. said that
their branch of the trade sound and business as
GOOD as it ever was they supplied newspaper oinces
and publishing houses, and there had been no lalnS o
In demand. The panic had not affected tnem Ill 'he
least The standard qualities OF paper had not uecne
in price, but there glut and decline I'D "rapPH'
writing and poor printing paper. He did not thinK
that combination among manufacturers wouId raise
the prices, the West and South could not pay ior
paper.
One Of the leading dealers IN writing paper sad tnaI
business was very dull. and the FAN TRADE hau peeh
greatly injured There general want OF congdenoo
among dealers and in prloes their customers were ouy
ing ID small quantities and they wero dong the sane
Collections were made with difficulty. There was no
decline in prices the market for wrapping paper was
rather weak The market well supplied for all ordl-
nary demands and If the manufacturers should de-
creaee their production In three months prices "ouu
be firm. but probably there would be no advance
one of the employees of Messrs. Hand d. Ellsworth,
who deal largely in wrapping paper, IN ther absence
Informed reporter that trade dull that there was
too much paper in New-York and that the glut would
have been much greater had many mills been com
pelled during the Summer TO stop for want OF water
There had been decline in the price OF wrapping
paper: there was great trouble In making colect0ns
publishers and consumers buying as little as pos
ble Trade been good up to the time Of the panic
BE did not think there would be any combination among
manufacturers 10 diminish production.
At Messrs. Clements and Stockwells ID. H. Clements
said there had been 40 percepble decline In prices
Their trade had been good since OCT but money was
collected slowly, notes being given in most Instances
There was much paper IN the market but the manu-
scturers endeavorng to remedy this by essenng
their production. combination has been formed In
the East among manufacturers who met at Springfield
on Thursday consultation II having been proposed
TO run on half time for six moths Many not included
IN the combination had either partially or wholly ceased
"a manufacture The effect Will DO beneficial. and prices
will be firm The Butler Mill OF Paterson had been run
ming on half time and has now shut down entirely for
repairs He had recently visited Toy. Syracuse,
Rochester, Buffalo. and other cities ia the State.
He found tho publishers, with single exception. doing
very little business Books luxury that people
can orego until hard times 20 by and publishers
waiting for more settled state Of affairs. The
paper market flooded, for very many mills which
had been making writing paper were now turning out
paper for the newspaper Offices. His firm were pursu
ing a course different from most dealers, and were
carrying large stock in anticipation Of decrease In
supply and rise In prices.
Messr. Coffin &c Lyon said that most Of their trade
was on contracts, which the panic had not affected.
Prices trihe lower, and the demand had fallen of
considerably during the past two weeks. few manu-
facturers had cut down their production. They had
generally run two machines, bu. had stopped one Of
them for the present Their customers had good
stock on hand; fall trade had been broken; collections
we're very slow, and renewals were requested. Pub
hshers out OF the city were doing nothing.
C. W. Benedict Of No lis wiam-st. said that there
was q very small decline in the price Of paper, the
had been kept up by diminuton OF production.
Many of the largest manufacturers had suspended
operations entirely, and others were running their mills
on half time. The price of writing paper had fallen
more than that OF any other class there gut
before the panic. Their customers had small stocks
hand, and he thought there would DO good trade
during tho rest OF the Fall.