EUROPE: GREECE. 159 



There are no paper firms or companies, sales being made through 

 commercial agents. 



About 25 daily and weekly newspapers are published in this dis- 

 trict. All are small in size and have a circulation averaging 2,000 

 copies each. 



The consumption of paper in publications is likely to increase 

 gradually. 



The Greek nationality dominates the trade. 



PRODUCTION. 



There is considerable water power, which is undeveloped; but, 

 owing to the mountainous nature of the country, much of it is quite 

 isolated and not available without a large expenditure of capital. 

 There are, approximately, 300 flour, wine, and olive-oil mills oper- 

 ated by water power. 



Greece is quite destitute of wood for either fuel or paper making, 

 and it is doubtful if rags, grasses, or waste materials for the manu- 

 facture of paper could be secured in sufficient quantities to be of 

 value. 



There are no mills for the manufacture of paper or pulp here, 

 nor are any materials to be found which would be of use in the pro- 

 duction of paper. 



IMPORTS. 



The cheaper grades of paper for stationery and newspaper work 

 are imported mainly from Austria, Germany, and Italy; the demand 

 for higher grades is insignificant. 



Banking facilities are excellent, quite equal to any in Europe. 

 Mail facilities are not good, the service being irregular; at present, 

 two mails out and two in are scheduled each week via Brindisi. 

 Telegraph facilities are good. 



Austria and Germany control the import trade, Italy and France 

 being next in importance. 



Apparently, there is little opportunity for American trade in paper 

 in this district, owing to the competition of a factory in northern 

 Greece, fostered by a protective tariff, and to the long time on 

 which purchases are made and the lack of security furnished by the 

 purchaser. The small quantity consumed is insufficient to induce 

 the American merchant to sell at the price offered by the near-by 

 producer. 



At the present writing, it is doubtful if any country is progress- 

 ing satisfactorily with its exports to this district. Currency is de- 

 preciated, and trade is so conducted that profits are necessarily 



