REAL ESTATE RECORD
227
LIME.—There is a steady business doing ; not the kind
of a trade upon which dealers congratulate themselves, by
any means, but yet much more satisfactory than an utterly
quiet market. Qiiota.tions are unchanged at $1.60 per bbl
for common, and $2 for finishing, at dock, while for the
same delivered $1.80 and $2.25 per bbl is the price.
LUMBEE.—The m.arket has been quiet for the Aveek ;
some busine.ss in a jobbing Avay wns done aC most of the
yards, but dealers who aro il' cnstonied to handling heavy
orders are not sr.tisfied Arith the condition of trade and
character of transactions. ïhe prospects for the future are
being eai-nestly discussed and there are few himbermen Avho
.speak vei-y san.gninely on tho subject. It is generally
thought tjiat ail the discouraging i-eports abont difficulties
in logging, danger of short crop, etc., are ail done for effect
and to buoy up a weakening market In fact, ail the more
authentic .statements directly contradict the unfavorisblo
stories, and say that not only is the excess of pine larger
than Wiis cut last year, but that everything Avas in a fair
way of getting to the mills. Ot course, this will not have
any immédiate effect on the m.arket and none is looked for,
but it is not deemed unlikely that with a slackness in the
future demand that a profuse stock will greatly Aveaken
prices.
Eastern Spruce is a little off, the market having become
rather q'.ùet. The last sale made was of 150,000 feet at $17.
We qnote the range at $17@,20.
The exports of lumber
This
Africa................
Alicante..............
Amsterdam...........
Antwerp.
Argentine llepublic...
Bej-rout...............
Brazil................
Bremen...............
British Anstraha......
British East Indies___
British Guiana.........
Bi-itish Honduras......
Briti.sh N. A. Colonies.
British West Indies___
Cadiz.................
Canary Islands........
Central America......
Chili..................
China................
Cisplatine RepubUc.....
Cuba................
Danish West Indies....
Dutch East Indies.....
Dutch Gniana.........
Dutch West Indies___
Ecuador..............
Feciinip..............
Frencli AVe.st Indies.. .
Gibraltar..............
Havre................
Hayti.................
Japan ................
Lisbon................
Liverpool ............
London ..............
Mexico................
New Granada........
New Zealand..........
Oporto ...............
Palermo...........
Peru.................
Porto Rico............
Rotterdam...........
Venezuela.............
are as follows :—
week. Since Jan. 1.
Feet. Feet.
--------- 1,500
Same time '72
Feiit.
135,745
51,918 50.5,990 267,536
------ 1,037,282
------ .5.544
.581,171 1,225;775
------ 2,500
32,485 115.886
55,138 55,138
16,502 147,068
11,000
ti7,î8()
553,291
1.3,196
9,133
450,4-21 2,205.181
2,000 373.914
646,152
720,863
.50.000
159;555
^^9,839
237,700
201.916
S8.6fi(i
1,.301.072
482.617
10.500
16,707
16,000 29,000
1,493 294,078 469,705
;i9,403
.3,510
131,1)05
10,500
1.000
209.111
174,027
27,000
98,910
85,323
44,031
1,740,()57
47,158
3,670,381
76,031
36.005
43,833
to Rivor Plate, himber, $25 and primage ; one, 670 tons,
from Portland to River Plate, $23,50 and primage ; an Am.
barque, S50 M lumber, same voyage, $23 and primage:
one, 496 tons, from Boston to River Plate, $22 and pri¬
ma.ge: a Nor. barque, ()64 tons (noAV hcre), and two. 437
and 550 tons (to arrive hère), from Montréal to River Plate,
$27 and primage ; an Am. barque, 1010 tons (to arrive),
from St. John, N. i!., to Liverpool, de.als, 105s. ; a Br.
barque. 971 tons, fi-om St. .Tohn, N. B., to DubUn, deals,
105s.
jnCHIGAN AND AA1SC0NSIN NOTES.
From the Saginaw Courier of récent dates :—
Some of the mills on the river h ave aiready started np
Avith a fair supply of Is.ffs in l'oom ; rufting has jnst com¬
menced on the Tittabawassee, and nnder ordinary circum¬
stances the lumber market would bc eonsidered as fairly
opened. If such is th'.; case, the market cannot be (juoted
as very brisk. Quite a number of buyers have boen in the
market, but they are over cautions, aiip are not pickin.g up
pine boards with that avidity they did dnring last season.
Sales, however, are bemg made almost every daj-, mostly
for smaU lots. From .sales, .so far reported, and other.s, so
far as we can îeai-n, dry lumber has sold for $7, $14 and
$35, and luinber to cut, $6. $12 and $35. AVe have heard
of no sales at loss than thèse figures, and a number at bet¬
ter prices. Logs command a fair price, and saw bills are
quite favorable to mill men. There is not as great a de¬
mand for vessels as in former years at the opening of navi¬
gation, and it will perhaps be thirty days before the market
becomes settled .and rates can be quoted. It is believed
that buyers are holding back in the belief that with the
large stock of luniber on hand, and with the rapid accumu¬
lation of lnmber that will take place when the mills are
fairly started, sellers will weakcn in prices ami buyei-s can
make their own fi.gures. AVe think wo are safe in say¬
ing that SaginaAV manufacturers were never more deter¬
mined to hold up prices than at présent. To give an idea
of the situation Ave can do no better than give the follow¬
ing figures from the annnal statement for 1872, shOAving
stock on hand at the close of a séries of year.s, etc.
LUMBEB ON HAND.
Our statements for the past eight years give the foUow--
ing record of stocks on hand at the close of the years
named:—
On dock. On dock sold. Bal. nnsold.
Total............1,24:3.274 8.917.582 9,266.292
Value............ $47.293 .$850,916 $302,790
Additional Experts as follows :—
To Stettin, 45 mahogany logs value $.3,500 ; Breman.
600 cedar logs, value $6,'800. and 20 tons wood, value $600,
and 899 cedar logs, value ,$15.720 also 16 pcs lnmber, value
$225. To Rotterdam, 155 pcs h:ckory, value $344: Lon¬
don, 29 walmit logs, value $1032 ; Havre, 200 cedar logs,
value $1,200 and maple log.s, value $211 : ConsI antinople
4 pcs onk, value $1.5; Argentine Republic, 9.299 feet ma¬
hogany, v,alue $1895. To Brit West India, 4000 shin.gles
and to Brit Honduras, 25,000 .shingles. Cooiierage stock
as follows : Staves to Livei-pool, 22.203, London, 16,620
and 4.200 ; Glasgow, 7,680 ; Havre, 4890 : Malaga, 48,950 ;
Tarragoner, 179,040; Cadiz, 118,000. Shooks to Liver¬
pool, 28 pckgs; Brit Austrlia, 640; Cuba, 6908: Porto
Rico, 2,850 ; Venezuela, 1.000 and Cisalpine Republic, 504.
Hoops to Brit AVest Indies, 10,000 and to Cuba, 24,362.
Empty hogsheads to Cuba, 4,106.
Charters as follows :—
An Am. schr., 205 tons, from Jacksonville to Curaçao,
lumber, $14. a Br. brig, 500 tons Coal from Port Cale-
donia to New-York, ,$4 cnrrency ; two Br. barques, 352
and 299 tons, from Port Caledonia to Montréal, coal,
$3,75, thence to River Plate, Lumber, before reported ; an
Am. brig, 327 tons, from Port Caledonia to Havana, coal,
$6 ; a cchr., 175 tons, to Savannah and back to New, York
and a Sound port, AA-ith lumber, $13,25 ; one, 225 M. re¬
sawed lnmber, from Bruns^\'ick to NeAV York, $11,75 ;
one, 256 tons, from J.acksonviUe to New-York, resaA\-ed
lumber, ,$13: one, 160 M do., from JacksonviUe to New-
Haven, $13,75 : one, 2-20 M do., from Savannah to New-
York, $11 ; one, 250 M timber, from King s Ferry to New-
York, $14: one, 250 tons, from the Chesapeake to xjorts in
Maine, ship timber, $8 ; an Am. barque, 473 tons, hence
to Montevideo and Buenos Ayres, lumber, &c., $22 and
primage ; a Br. barqne, 490 tons (now liere), from St.
John. N. B., to River Plate, lumber, $27 net ; a Br. brig.
288 tons (now here\ from St. Stephen, N. B., to River Plate,
$25.50-and-primage ; a Br. barque (to aiTive), 350 M lum¬
ber, from Montréal to River Plate. $26,50 and primage,
privilège up river ports $4 extra ; an Am. ship, 1507 tons
(now hère), from Doboy to Liverpool, timber, private rate ;
a Br. barque, 449 tons (now hete), from St. Stephen, N. B.,
1865...
. 41.453.000
22. .362,000
10.091,000
Ifc66...
. 44.415.700
14,211.000
30,204,700
1867...
69,9(59,771
19.4Ï5,.571
50,.534.200
1S68...
. 67.401,017
13,402,990
.5.3,998,027
1869...
. 93,^31,614
14,526,000
78,805,614
1870...
. 130.422.190
47,862,1,00
82,560.190
1871...
. 7.5.599,511
33..576,fl00
42,023,511
1872.... 152,822,553 40,928,200 111,894,3,53
This statement, however, does not give a correct show¬
ing, as a large proportion of the lumber accreclited ason
hand, unsold, is held by manufacturers who own large
yards in Cleveland, Toledo, Albany and other lake citiez
and their lnmber hère is practically out of the market.
Among the class are such firms as Sage & Co., AV. R. Burt
& Co., Sears & HoUand, and a large number of others,
whose stock is reported on hand, but which is virtually ont
of the market, as they do not sell a board on the river.
This class of lumber covers abont 60,000.000 feet, deducting
which, and allowin.g for inland and St, Charles mill.s, there
Avas not to exceed 50,000,000 feet of unsold lumber on the'
river, a larger proportion than usual of which is common
lnmber. It may also noted that large shipments of lumber
by rail have been made during the past winter, calculated
to diminish the stock.
LOGS IN BOOM.
On the other hand there is to be bronght into considéra¬
tion, as affiecting the market. the stock of logs In the mUl
boom.s, and river booms, available early this season. In
the booms of the mills of the Saginaw river, at the close of
last .season, there was 48,,380.845 feet oflogs. In the Tit¬
tabawassee boom there was left over what was estimated
to be 75,000,000 feet. In the Rifle boom there was 15,000.-
000, and on the Sable 20,000,000, making in ail 158,380,845
feet of available logs.
LOGS hung TTP.
There was also hung up in the several streams, that were
not available, and are nt)t likely to be avaUable this year, logs
estimated as follows :—
Feet.
Tittabawassee....................... 130,000,000
Cass............................... 70,000,000
Au Gros............................. 52,000,000
Bad................................ 50.000,000
KawkawUn......................... 15,000,000
Totalhungup................... 317,000,000
From the most reliable accounts most of thèse logs, or
an amount more than equal to the above, are likely to lay
over for another year. The log cut last Avinter was much
smaller on ail the streams than the préviens winter. ArVhUe
it Avas first exiiected that there Avonld be ample water to
bring out ail the logs on the Tittab.awassee and tributaries
in particular, the freshet, Avhich Avas sufficient if it had
last:d, was of so short duration, that the Avater went down
before the logs could be handled, and left them in a AA-orse
shape than the previous year. On one or two streams not
a log came up. The Chippewa Saltis cited as an instance.
AU the logs are hung up in this stream, the first time for
five years. Logs on Bad river are in a bad shaiie, and
while they had a regular flood in the Cass, and a large pro¬
portion oï the logs will come out of this sti-eam, much diffi¬
culty will be had Avith tho rear, as the freshet has left logs
scattered around the country, outside the river banks, for
miles and miles. At prcsent safe calculatlons can be made
as to the log crop. The Tittabawassee boom Avill have ail
it eau do, but, worked to its full capacity, we donbt whether
it will run out more logs fban last season. 'J he Cass river
will faU imder last year, and the Bad river will do but little
if any better. In regard to the shore streams we are but
Uttle posted.
THE MARKET.
The feeUng generally is that the market Avili be mnch
better when lumber beg'ns to move. Our stock, although
it looks large, is none too large to handle. Rcptirts from
varions p.>ints arc that thete will be a good demand for
hnnber, and that vei-y soon. The stringency of the money
market. thus detering bnikling throughout the cimntrj-, is
thfi only influence now that can .affcct the markets. "Oiir
mark. t.H are being extended, and our supply is not increas¬
ing with the increase of ten-itory that looks to Saginaw for
its suppl}'. The more distant markets wiil rapidly eat up
our surplus. The outlook, we feel disposed to say. is hoiie-
ful.
MISCELLANEOUS WESÏEUN NOTES.
From the Chicago Inter Océan, May 5 :—
The rece.pts sinco j-esterday were only fair, and, Avith a
good attendance of interior buyers and fair local inqnii y, the
market ruled active. Prices were steady at the déchue no¬
tod yesterday. Joists and scantling sold at $10, and strips
and boards at $11 #16 for coinmon to choice mili-run car¬
goes. Shingles, $3.25. Laths, $2.50@3. The market
closed steady witli about ail sold. The followin.ç Avere
anlong the reported cargo sales :—
Cargo schr Regular, from Muskegon, 120 M mediu-m
riuality inch a $12.50, sold by Blanchard, Borland & Co.
Car.go schr Dolphin, from Manistee, 20 M sélects, at $20,
80 M joists and scantUng at $10, sold by J. 31. Loomis &
Co.
Car.go schr E. D.iy, from Ludington, 105 M joists and
scantling at $10, sokl by J. M. Loomis & Co.
Cargo .schr Roeder, from Mn.skegon, 120 M strips and
boards at $15, sold by C. Deming.
Cargo schr C. Hibbard, from Pentwater, 675 M shingles
at $3.25, sold by Goodenow & Hinds.
Cargo schr Sailor Boy, from Muske.gon, 75 M commoa
mixed at .$11.50 for mch iind $10 for 2-inch, sold by Blan¬
chard, Borland k Co.
Cargo schr Jennie Lind, from Giand Haven, 90 M com¬
mon boards aud strips at $11, sold by Irish, EuUen &. Co.
Cargo brig Express, from îloiiasticiuc, 2-20 M large Nor-
way at $12, 100 M laths at $2.75, sold by Blanchard, Bor¬
land k Co.
Cargo scow Flora, from Sangatuck, 75 M common mixed
at $10, 20 M lath.s at $2.75, sold by Chas. Deming & Co.
The AVood County Reporter has the foUowingfrom the
drive on the AVinconsin river and its tributaries :
The présent season is mo.st opportune for the log drivers.
It is credibly stated that such a jjcason, one more favor¬
able has not been for the past ten years. The tributaries
are ail up booming ; and the logs coming forward in tip-
top .shape. Kvery "drive" thus far has succeeded in get
ting ahead cf its most sanguine expectations by several
d.ays. On Yellow River, we are informed that the '-drive''
is the heavie.st known for years, and the prospect now is,
that the logs that have been " hung up'- for several sea¬
sons Avili come along with the last winter's cutting. This
is good news for the lumbermen, Avho for a few years past
have been not overwhelmed Avith the best of luck.
METALS.—Ingot copper opened dull but towards the
close business was better, a marked inquiry having set in.
This gave a tirmer tone to the market .ffcner.ally. The sales
embrace some 80.000 Ibs. Lako for delivery at SS@,S'iy
cents, and 100,000 Ibs. Tenue.s.see at 32 cents. The sales
for futures have been quite large, averaging abont 32 cents
for Lake. English Pig, Arith a diminished stock, is quiet
and 30(??iS0>(; at 30 days are dealers quotations. Manufac¬
tured ha.s not been changed and pr-ibably vfiU. not be
very soon, as no action was taken in that direction bj- the
manufacturers at their meeting ihis Aveek. Since our last
there has been some arrivais of Scotch Pig : th.s with a dull
market generally weakens the tone, although evcrj- eâ'ort
is being made to prevent anj- concessions tliat will give a
declining appearance to quotations. The sales have been
of some three to four hundred tous Glengarnock at $49@.
$50 for dock and of tAvo hnndred and fifty tons Coltness at
$59® 62. American Pig is somewhat iiïegular, some out¬
side lots of Lehigh No.s. 1 and 2 having been put on the
market at figures below dealers prices, Avhich however does
not shiike tiie regular dealers a bit. An outside lot of
AUentoAvn, comprising 200 tons No. 1, Avas so sold for $4S
cash. Rails, English and American, are dull and nothing
is doing in old tliat we can learn of. Little is being done
with scrap, and i-efined bar from store has received so
little attention that dealers are in no mood to exact terms.
Foreign Pig lead is strong Avith only a moderate demand ;
the sales have been at OX®OX cents gold for ordmarj'.
Manufactured steady at 9V^ cents for Bar ; lOî^ for Sheet
and Pipe and lOy for Tin Lined pipe ; 10 per cent, off
to the trade. Pig tin is stiU dnll, and Ave quote nominally
Straits at 32M'@32j^ cer.ts : English 31J4-, 30 days. and
Banca, S71^@38 cents, ail gold. Plates are stiU quiet, and
begin to feel the eft'ect of a Aveak market : Ave note a dé¬
cline of 25 cents per box ail throngh the list, and Sheet
Zinc is yet quoted at 10%@11 cents for Mosselmauns.
NAILS.—The market présents nothin.g new to note,
business being rather quiet, Avith prices forent rather nomi¬
nal at our quotations.
For IOd. to 60d. common, per keg, $5.25; 8d. and-
9d. common per keg, $5.50 ; 6d. and 7d. common per
keg, $5.75 ; 4d. and 5d. common, per keg, $6 ; 3d.
common ^3 keg $6.75 ; 2d. and 3d. fine %9 keg, $7.50 ; cut
spikes, ail sizes ^ keg, $ 5.50. Fencing and sheathing same as-
common. Finishing, flooring, box, coopers' casing, slating.
trunk and tobacco, as follows : 3d. $7.25. 4d. and 5d. $6.50,.
6d. $6.25, 8d. $6, IOd. and larger $5.75, f keg. CUnch
naUs, 2 and 2y in. $7.25, 2% and 2X in. $7. 3 in. and
longer $6.75, ^ keg. In half kegs, 50 cents ^ 100 Ib. more-
than above.
AVe note exports as follows :—
Past week Since .Tan. 1.
Packa.ges............... 6S5 7,054
Value ;...............$4,149 $38,926
OIL.—In a jobbing w.ay there has been q-aite a brisk
business done forthe week in linseed. There is some com¬
pétition, however, from outside lots, and while crushers haya
beca askins 99c va. casks and $1 in bbls for raw linseed, thet