April SO, 1689
Record and Guide.
549
e:
dauger to the mai'ket, as close and persistent di-um-
nilng generally has a sequt*uce iu modified cost.
Nothing, however,' has sold for less thau last season,
and about Sl,00 perM has heen asked, aud tbe com¬
promise rates upon which considei-able busiuess was
Probably transacted neither side are anxious should
le made public.
Yellow Pine, contrary to predictions of some of the
trade, is still kept under fair coutrol and the olfering
made onlv to esteut of the requirements of the mar¬
ket, except in a few cases from outside som'ces. Val¬
ues, in consequence, rule pretty steady, and desirable
cuts, specials, etc., command ftdl bids promptly.
Some operatoi's report less doiug oil free ou hoard
orders, but others claim a giiiu, and on the average
that section of the business is standing up very well,
Carolina Pine remains Hrni in price, aud itis posi¬
tively asserted that the combination of manufacturers
is determined to give the market all the support it re¬
quires. The demand, however, of itself promises
rauch assistance, aud altogether the oullook is cheer¬
ful for standard and attractive goods. For timber
some trade is expected if spruce keeps high, but it
will be only on very cheap ivork aud I'or early con¬
sumption, no dealei- wanting it for stock.
Hardwoods are generallv comuiauding about former
flgm-es and makitig a pretty good showing in the way
of a movement of small parcels into cousumptiou, and
the average amoimt foi' exjiort including quite a fair
variety, and tb re is also more or less custom for
offerings from flrst hands. The latter, however, are
approached somewhat cai'efuUy, as dealers feel in
pressing need for stock at the moment and timst flud
special attraction to induce them to move quickly.
Poplar is well held and. there apjiears to he a special
detei-mination to keep it up, though mauufacturers
and their agents claim tbat natural demand wiU fur¬
nish ali tbe real assistance required.
Shingles, between now and then, some very good
export orders and the natural gradual increase of
borne demand are haviug a fair business. There is an
intimation, however, of considerable iri-egulaiity ou
value and not tbe strengthening tone some dealers
bad hoped for.
(j&iVRBAL LIMUEIC NOTES.
THE WEST.
Tbe Northwestei-n Lumbcrnutn as follows ;
Conditions peculiar tu the season bave placed the
geueral lumber trade in a state of uucertaiuty unusu¬
al at this time of the year. The wmter was reoiark-
ably mild, which permitted of contiuued distribution
and consuinptiou of lumber at a period wheu ordina¬
rily both are at a staudstiU. Tbis conduced to the
wiuter anticipation of the spring trade throughout
the 'West, aud to some e.\tent in tbe East. The pre¬
mature opening of spring also permitted farmers to
get to work early, which tended to bridge over the
usual time of spring trad^, whicb has caused consid¬
erable anxiety in tlie wholesale markets for fear that
the loss will uot be recovered at any futm-e time
d'jriug the season. Between tlie lakes and Missoiu-i
Kiver there bas been a lookiug for cut freight rates,
which has tended to hesitancy on tbe part of country
dealers about getting forwaid lumber, as all will
want to take advautage of low rates wheu tliey come.
Another feature of the situation is the somewhat
limited crop of logs, consequent ou the open winter,
and the delay iu driving dowu the streams for lack
of water that has resulted from prolonged dry
weather. This imiuces t;ie mauufacturers to insist
ou flrm prices oa last season's basis, and in some in¬
stances au advance is asked. But tbe dealers do not
respond favorably to tbis insistence. They are gen¬
erally dis satisfled with the prevailing demand, whiob
appears to lac:; life aud urgency. As merchants they
are unwilling to go iuto the market to buy lumber
freely, and at last season's prices, until tliey are well
assured as to the size of demand thi-oughout the sea¬
son. The dealers do not take much account of the as¬
sumed scarcity of logs, or of tbe probability that they
will not mostly get into the mul booms. They say
tbat there Is yet time enough before June for Hoods
of rain that may swell tbe streams to a driving stage.
Thus both the manufacturing and the distributing in¬
terests are waiting for tbe results that wili follow
later in the season. The attitude of the mauufacturers
is oue of hope and anijiety, aud that of the dealeis a
looking for the main chauce, as is common witb mer¬
chants of all classes.
There is one favorable feature of the situatiou, The
consumptive demand in all the large cities has been
beavyever since the building season opened, and tbe
prospects for the remainder of the year are bright.
This assures a large demand from that brauch of the
trade, wbich within the past few years has been more
important than the rural requiremeuts. Should the
country demand rise to its usual proportions later in
ihe season, the round up for the year would sbow as
well as iu auy previous period. In fact, there is no
reason to positively assume that this is uot to be a
good year for the lumber trade, so far as the volume
of disti-ihution is concerned. Anv doubt that may
now prevail in i-espect to the general cou<lition is gen¬
dered by causes tliat hut half exist, and that may a
little later be developed into favoi-able influences.
The wealherthroughout the spring has been favor¬
able to the drying of lumber. The result is that the
majority of stock in the yards is ready for delivery.
As might be couchuled, under such circumstances
dealers are less anxious to buy in uew supplies of
dry lumber thau is visual at the opening of the cargo
market season, Witb plenty of dry lumber ou hand
and only a moderate trade prevailing, there is not
r'uch stu- about future supplies. The dealers are tak¬
ing affairs easily, and do not appear inclined to push
any feature of husiness beyond an ordinary course.
For tbis reason it is Idtely tbat the cargo market will,
not this season start off with a rush. During the
early part of the season the disposition wiU be to
moderatiou.
Receipts at Chicago tbus far in April have heen
much larger than lasl year, mucb of the stock going
directly to tbe yards, Duriug the week ending April
10 tbe total was 19,880,000 feet, as against 8,537,000 in
the corresponding week of 18S8, The heavy receipts
tbis year are, of course, accountable to tbe early
opening of navigation,
Tbe Timberman as foUows:
From every quarter—from Cheboygan, Saginaw,
and Muskegon, from Duluth, Ashland, Hiuueapoiis
aud Eau Claire—repoi'ts of low water and the pressing
needof ram are coming iu. In the Saginaw district
hundreds of meu employed on the drives have heen
discharged, and miUious of feet of logs will be hung
all summer if a heavy freshet doesn't come.
It is claimed that the drouth in the upper Michigan
woods is greater tban ever kuown. Knowing ones
Claim that tbere are I,uO,OUf) fi-et of logs bung up.
The Eastera wbolc54k-i» ul Dcstou,Kew \"orU, Duf-
falo and Tonawanda are buying large blocks of lum¬
ber in Michigan tbat is yet m the log, aud are paying,
iu most cases, noi-e tban last year's prices. In (.act
most of the sales made in Michigan to date bave been
to Eastern dealei-s. These early purciiases and the
present trade conditions iu that quarter, betoken a
prosperous lumber trade for the entire season.
During the last seitn days about twent/-flve ves¬
sels loaded with lumber have been tied at the foot of
Frauklin street and offered for sale by the conimis
sion men. As the current report of the Eschauge
secretary shows that there is an increase of nearly
sixty million feet in tbe stock on hand, as compared
witb the conditiomf stocks one year ago, it seems
tiiese flrst cargoes have gone into consuiuption quite
rapidly,
several cargoes of cull piece stuff, boards and the
Uke, were sold during the week, aud at not more than
S7.T.5 per thousand, sometlung less tbau the opening
price at wbich this stock sold. Hemlock piece stull
was reported sold at a shade less than 88 per thousand,
but it is doulifful if this is true. Extra dry hemlock
sold as high as SM.50. Hliort length pine piece stuff is
selliug atfrom SlO.aa to S10.50 Loug lengths sold at
about last fall's closing prices, 811 to 813.
It is to be unted that among tbe arrivals at the Chi¬
cago lumber docks thus far this season heraloclt piece
stuff has figured conspicuously. Commissiou men say
that there is uot as much hemlock piece stuff to come
forward as there w'as last spring, aod hence tbe com¬
modity they are in possession of is more precious.
However, trades that have been made thus far have
been based ou about SS,50 pei' thousand for sbort
lengths. It is selliug in the yards, after handling and
drying, at about SH; some say 810.5u, Consumers
wbo are using it argue that there is a more moderate
investment iu the buying of hemlock piece Stuff, and
as it has been a leading commodity iu tbe East for
generations, there is no reason why it should not flnd
a place in the West.
The Mississippi Valley Lumberman, Minneapolis, as
follows :
During the past ten days business has fallen off con¬
siderably. An unexpected and disappointing duUness
has come over the market, which makes the dealei's
feel a little out of sorts. Tbey had prepared for and
expected a good spring trade, and though some appre¬
hension was felt least the distiu'bance in Iowa freight
rates in February aud iMai-ch had made inroads in that
trade would defeat the natural demand at this mar¬
ket; yet when the differential was restored, trade was
so brisk tbat it was thought the southwest dealers had
held their orders, aud that the damage done was not
alarming after all. Tbe rush which followed tbe
restoratiou was, however, misleatliug as an iudicatiou
of the regular ruu of business. It was a spurt. Dur¬
mg the two weeks immediately followiug Slarch 15th,
wheu tbe reduction was made, tbe shipments were
very heavy, aud made a large aggregate. The flgures
of this year, wben compared witb tbose of last are
favorable to the former, and they have beeu so con¬
tinuously every week this year. The shipments this
week from IVlinneapolis are 1,300.000- feet less than for
the weeli previous, but they are 500,010 feet er ater
than for the correspondingweek last year, ijutthe
shipments of last week were 2,750,000 feet ahead of
the shipments of tbe correspoudiug week last year.
ENGLAND.
The Loudon Timber Trades Journal as follows:
The heavy pitch pine freights are not traceable to
tbe mere length of voyage, the difference iu distance
between Pensacola aud Lulea in the Gulf of Both¬
nia uot being a thousand miles; tbe expeuses and
delays of the Southern ports are what make the
shipmasters disUke the shipping places ou the South¬
ern sbores of the United States. To the Wbite bea
which is a longer voyage still the freight is not half
as much as to Mobile and other places, and ship¬
owners are always ready to charter. It is a pity that
so much of the cost of the wood on this side should
he swallowed up in the freight.
American Black Walnut.—In lumber e.^pecialUy, a
good aud well-sustained trade is being doue at prices
wbich show but little variatiou. We likewise hear of
some important sales of logs having been made by
private contract. It is tbe best quaUties, however,
that are in most request.
American \Vhitewood.—This market has a cheerful
tone, and late piices are maintained with fii-mness,
but this is mostly apparent with respect to good qual-
itiest.;
American Satin Walnut.—For this there is no buoy¬
ancy inthe demand, a slow trade only being done, so
that there is not Ukely to be auy wholesale specula-
lation except it be at a very liw price.
Sequoia.—In this there is nothiug new to report;
what few sales have heen made were by private con¬
tract, very little having been doue at public auction.
It does not seem at aU likely that this trade will ever
develop much, at least for cabinet-makmg purposes.
Liverpool,
Pitch piue timber, both sawn and hewn, continues
in good demand, and from the three cargoes uow dis¬
charging in the Canada Dock for Messrs. Harrison,
Robinson & Co., viz., the Equator, W. G. Russell aud
Aunot Lyle, we notice large quantities maiked and
being forwarded as rapidly as it is landed and
measured.
The stock of hewn timber is reduced to 39,000 cubic
feet, whUst that of sawn, though apparently ample,
includes in it the tbree cargoes above mentioned
upon which Uttle impression Eas yet been actually
made in delivery. In fact, we understood they were
all sold out bet ore arrival, or nearly so, therefore tbey
may be eliminated from the total.
Though the impoi-tation of oak wagou scantling
from the United States has been large during the past
month, viz,, 81,000 ft,, the demaud bas more than
kept pace with it, reducmg the stocks to 117,000 ft.
This is a step in the right directiou but a further re¬
duction of the stock would be desirable if bfitter prices
are to be obtained for wbat is now the cheapest article
in the niarket. , ,,
Walnutwood.—Several of the lots lately landed by
the steamers from the American ports have been
upon consignment, and as is oft«n the ca.se, they are
but of indifflerent quality. A low price has to be
accepted to effect sales, esiiecially from the ship side.
Really prime wood is iu fair request and maintains
its value.
W ili te wood—Very little, eitber iu tbe shape of logs
or lumber, bas come to hand for pome time past. The
demaud, however, is only languid, and prices easy in
tone.
and buyers refuse to submit to higher rates. Sellers
generally seem lo tbink it good policy to meet the
market without contest. We quote at $l.fiO(S>,l.S6 for
cnr lots, and S1,P0@S,00 per keg for parcels from store.
PAINTS, OILS, ETC.—Business has coulmued very
good for all standard descriptions of stock and cus¬
tomers are commencing to add a few extras to their
invoices and extending assortments, which is an im¬
provement over last week. It looks, hoivever, as
though buyers were very determined to adhere to a
thoroughly cautious metiiod aud abstain as much as
possible from investing beyond well determiued re¬
quirements. Linseed Oil has remained under control
and flrm at 5i;(ni,57c. for Western, and !j6@,58!^c. for
City. Spirits Tuipentine has sold nt higher rates since
our last and the genera! inclination of tbe market
seems to favor sellers, though the close is so'iiewbat
unsettled at 4Gi4@iri^c. per gallon, according to
quantity, delivery, ete.
TAR AND PITCH.—Some irregularity of demand
has been shown, but it took about the usual quantity
of stock to satisfy all the orders, and as a whole the
market ruled reasonably steady. First baud offerings
are fair in quantity. We quote Pitch $1.3ft®1.50
per bbl.: Tar at $a.lO@2.;20, according to quantity,
quality and delivery.
For tables of Building Material prices see pages vii,,
XI, SU, and xm.
NAILS —The outward movement of stocks bas been
vei-y fail' aud on that score there was littie to com-
ptaiu of. Demand, however, is sufficiently well;
gifai-dcd to resist any attempt to take advantage of it
SALES OF THE WEEK..
The following are the sales at the Real Estate Ex¬
change and Auction Room for the week ending
April 19.
*lndicates that the property described has been bid
in for plaintiff^s account :
a. V. BARNETT & CO.
Jay st, No. 5,- n s, 23.8 e Staples st, ai.OxGS.Tx
34.1x58.9, three-story brick building with
store. (Bid iu)............................
Varick st, Nos. USO and liiS, e s, 40 s Charlton
st, 40x67, two four-story brick tenem'ts.
Beniamin Johnson.........................
4th st, No. iSii W., n w cor, 20.1x80.8.........
lUtb st. No. 183 W ........................
Tbi-ee-story brick dwell'g with store and
four-story brick dwell'g ivith store on
rear.....................................
Loms Roth.............................
IOth st, No. 48, s s, 2,'iO,4 w Broadway a5x33.J
fom'-story brick dwell'g. Max Keicbert. .
ISth st. No. (il, n s, 13,5,5 w 4tb av. 35x38.5x37.8
sl9,;j, (ive-story brick and iron building
witb stores. S. De Leeuw..............
13th St. Nos, 338-344, s s, 170 w Ist av, 84x103.3,
four four-story brick teuem'ts. Ascher
Weinstein...............
13th st. No. 330, adj, 21x103.3, similar tenem't.
Eliza Lowenstein.........................
31st st. No. 447, n s, 358.4 e lOtb av, 16 8x118.8.
four-story broivn stone dweirg. F. L.
Manchester..............................
39th st. No. 407, n s. 125 e Ist av, 35x98.9, five-
story brick tenem't. G. Von Scbolle.....
4Tth st, n s, Siii e Ist av, 135,4x100.5, two-story
brick and frame buildiugs. Feter Mitchell.
4?th st, adj, 75.8x100.5, similar buildings. Henry
Teets. (Rid in)...........................
4Kth st, s s, 3i5 e 1st av, 3.ixl00.5, V. Moeslein.
57th st, No. 5, u E, 143,5 e 5th av, 30x100,5,
four-story brick dwell'g. Cornelius O'Reil¬
ly for Orlando B. Potter. (See below).....
*5rth st, Ko. 143, n s, 370 w 3d av ^5x100.5, two
aud threestory hrick stable. Equitable
Life Assur. Soc. of U. S. (Amt due on this
andNo. 5S151.987).......................
58tb st, No. 304, s s, 100 w 8th av, 31x100.5,
four-story brown stone dwell'g. R. Parker.
61st st. No. 134, s s, 60 w Lexington av, 30x80,
four-story brown stoue tlwelPg. It. E.
Perkins. (Bid in).........................
*l34th st, No. 101, n w cor Otb av. i-uos west
along st 35 x north 64,10 x northwest 41,3 x
east 28.10 to Boulevard, x southeast 33,9 to
Stb av, X soutb 71.7 to beginuing, rtve'Story
brick fiat with stores. James M. Brown et
al., as exi'S. (Amt due $48,94{i).........
G7th st, n s, 136 e West End av, 35x100.5.
George Randolph......................
73d st, n s, 245 w 1st av, r&x!03.2. -----O'Don¬
ohue .....................................
7Ttb st, s s, :i25 w Ceutral Park West, 25x103.3,
Joseph Schivarzler.........................
77th st, Nos. 34li-350, s s, IdO w 2d av, 75x60,
three four-story browu stoue Hats, P,
WUkinson.......... ..........,............
131s'. st. No. 266, s s, 100 e 8th av, 25x911.11, five-
story brick flat. WiUiam H, Boyle.
(Mort. SI~,500).................. .........
I31st st, No. 268, adj, 25x09.11, similar dweU'g.
P. .1. Murray. (Morr. $17,500)..............
131st st. No, 270, adj, 25x99.11. similar dwell'g,
Manchester & Philbrick. (Morts. $17,500).
135th st. No. 247, u s, 100 e 8th av, 35xDn.ll, flve-
stui-y brick flat, A. H. Stoiber. (Bid in).
3d av, Nos. 1527-1533, n e cor Bath st. 76xl25x
u-reg, " Parepa Hall," brick buildiug with
store. Hugh King, (Bid in)..............
*Jthav, w s. BOs 131st st, 50,6x75. George C.
Currier....................................
$14,800
24,600
33,000
10.100
4&,000
40.800
12,600
11,300
18,000
23,500
13.425
4,850
120,000-
35,000
19,050
18.600
43,000
14,975
19,800
20,600
36,300
19,700"
33,268
21,813
25,000
144,500
43,600
A. H. MULLER
Bowery. No. 231, e s, 74,9 n Rivington st, 23x
99.8x33x98.1, tlu-ee-story brick buildmg and
oue-stoiy brick building on rear. W. H.
Jacksou..................................■ 27,760
Broadway, Nos, 617 and 810, s w cor 13tb st, 42.9
sl33.4x irreg, four-story brick biijldings,
Hoffman Bros, for Welde estate........... 308,000
Boulevard, on a .ine with ]li5tb st, 211x300x180
x251, with dweU'g. William Rankin..... 14,075
Fultou st. No. 55. and No. 45 Clift' st, begins
Fulton st n e cor Cliff st. runs east along
Cliff st 81.11 x noi'th 80.3 xwest 13.0 x
southeast 50.10 x west (il.8 to Fulton stx
south 21.n to begiuniug, two five-Story
brick (stone froni,| factories. Geo. W.
Kenyon et al, (Amt due Sill,037).......... 96,000
21st Et, No. 149, n E, 91,4 w 3d av, 111,4x96.0,
fom'-story brown stoue dweU'g, Paul F,
GoDon, (Bid iu)........................... 17,500
25th st. No. 330, s s. bet Ist and 2d avs, 25x08.9,
foiu--story brick tienem't and four-story
hrick teuem't on rear. John Flemiug.
(Bid in).................................... 15.40&
GSth Stj No, 323, s s, 302' e 2d av, 30x100.5, five-