258





REAL   ESTAiTE    RECORD.





ogs that would otherwise have been hung up will be¬
come available, though the deep snow may somewhat
retard operations.

Buffalo, March 27,1870.-Rain, snow and disagree¬
able weather for outdoor business have been the feature
of the week. Probably 45 cars will cover the shipments
of both rough and dressed lumber. The feeling of al¬
most certainty thit the supply of lumber will be fcUly
adequate to the demand for ttie coming season has had
a tendency to keep prices at about our former quota¬
tions, altnough the shortage on some qualities aud
thicknesses would naturally encourage an advance. As a
rule there is enough of everything in the lumber line.
Lath are scarce, also Cinch clear butt shingles, and we
quote advance in these.

Chic-^^go, March 27,1876.-Again tho old story of "no
change" in the lumber market at this point. Sales for
the past week have been very dull, owing to the con¬
tinued unpleasant weather we have had. The roads
leading into the country are still in an impassable con¬
dition, and therefore yard trade is at almost a c mpleie
standstill. What little has been sold has gone to par¬
ties who wish to sort up. Considerable fencing has been
sold m 100,009 lots, which, owing to the scarcity of same,
has brought $13. There is also a good demand for com¬
mon boards. We have no other changes to note in our
quotations. The general imijression prevails among
aealers that there will be fully as much lumber thrown
upon the market the coming season as ever, and there¬
fore prices cannot improve to any extent. The lake re¬
ceipts as yet have not been great enough to establish
any price; but owing to the late heavy snow storms,
that which is now afloat will probably not bring good
prices, as was expected.

Our lumbermen have prayed for snow all winter, and
now they have it to tho tune of about thirty inches. A
man who would complain of lack of t>now, now would
growl if he was going to be hnjig.—Alpena Argus.

Ouly about 30 per cent, of the UHUal stock of logs
banked on Kalamazoo and tributaries this year. Have
had about six da.vs' hauling ttiis winter, all told.

It is estimated that about the same amount of logs
will be put iu this season as last. Over 60,000,000 is said
to have already been put in White River.

Logs are coming iu livelier than at anytime during
the pist winter.— Whitehall Forum.

Oar lumbermen are feeling quite confldeut that, with
the opening of spring, a brisk demand tor lumber will
b^ felt. May they not be disappointed.—iocfc Haven
Republican.

The following estimate of the resources of our country
in timber and lands has been furnished us by one of the
best woodsmen iu the country:

No. acres of land in the county................. 705.C83

No. acres pine land............................. 300,000

Aver.^.ge 5 M ft. per acre................ 1,500,000,000 ft.

Present value at $10......................... $3,000,000

No. acres beech, maple, cedar, tamarac, hem¬
lock, &c...................................      300,000

Value at $2.50 per acre.....................    $750,000

No. acres cleared for agricultural purposes..        10,000

Burnt plains, stripped and swamp..........        95,683

Value at $1.75................................    $119 604

Total valuation of timbered lands............   3,869 904

None of the hemlock has been marketed, and but very
little of the cedar. The beech and maple is generahy
heavily timbered. Curlyand birdseye maple can be had
in large quantities.—Alpena Pioneer.

The following we cut from the columns of the Lum¬
berman's Gazelle, some time ago, and it relates to

THE PINE WOODS OF PENNSYLVANIA.

Lumber operators and consurders in this State are
awakening to a knowledge of the important fact that
the pine timber resources of Pennsylvania are not inex¬
haustible, as they have apparently long been consid¬
ered. The State was once one of the leading pine pro¬
ducers in the Union. The dense forests bordering the
Susquehanna, and traversed by its many tributaries;
the mountains of the Monongahela Valley, and, in lact,
the tall and majestic trees that covered thickly much of
the area of whole counties in the State, were a few years
ago thought to contain piue enough to amply comply
with the law of supply and demand for the present, and
to furnish timber ior a future, however distant. That
impression the march of events has thoroughly dis¬
pelled. The forests of the Delaware Valley have yii Ided
no pine for years, and the resources of the timber re¬
gions of the Allegheny and Monongahela have been
drawn upon so largely to supply the markets of the Ohio
Valley, that in a comparatively short tiu;e their piue
forests will be exhausted. Eistern marnets must,
therefore, look to the countri' s of the northern part of
the State for their supplies of Pennsylvania pine. Phila¬
delphia and Baltimore have been amply furnished with
this timber from the latter region for jears; but.an in¬
creasing demand by interior markets, and the inade¬
quacy of the Monongahela and Allegheny countries to
respoud, has awakened much alarm among the op¬
erators of the Susquehanna Valley, and they are earn¬
estly considering means by which the recklessness ol
management and waste of timber, so notorious in the
past, may be stopped, and the inevitable day, that at
the best is not distant, when pine lumbering will no
longer be one of the great Interests of Pennsylvania,
postponed as long as possll>le.

A significant and alarming fact is, that the coal re¬
gion, once famous pine producing counties, cannot now
supply enough to furnish timber for props for the
mines. From supplying all home demands aud export¬
ing large quantities of pine, these counties have become
importers, paying more per thousand toi what they
purchase than they obtained when selling the same
product. The northern counties of the State are now
the only hope for the lumber operators of this State
supplying Eastern and interior markets. Tbey are
drained by the Susquehanna River and its tributaries.
By Eastern markets operators do not speak of New York,
as comparatively little Pennsylvania pine gets info that
market.    Tliis is manafavtored at mllla la cotrntles





where the Erie Railway can transport the products to
New York and intermediate markets cheaper and safer
than the lumber can be rafted on the Susquehanna.
These mil s, however, do not ship lumber to find a
market, but only to fill orders. Much of the pine man¬
ufactured at these mills is contracted for by the Erie
Railway Company, which consumes between 15,000,000
and 20,000,000 leet of lumber annually, much of it pine.
But the markets which demand the products ol the
forests ol the Susquehanna counties are principally
those of Philarielphia and Baltimore, and the important
intermediate points.

The principal pine producing counties of Pennsyl¬
vania now are Lycoming, Potter, Cameron, Tioga, Elk,
Clinton, Centre, and Clearfield. The amount annually
cut in these counties, on the Susquehanna River and
trlbutarl'p. for the past five years, has exceeded
500 000,000 feet. A calculation taken from estimates as
nearly offialal as they can be obtained will clearly
demonstrate how nearly the pine in that regioa is ex¬
hausted. It is admitted that the annual demand will
continue to be as great aa that of the past five years.
This will amount to 1,500,000,000 feet. The great ques¬
tion now a-^lJatlng the minds of operators is, how long
will our {• rests yield that amount ? It is estimated (and
It is a liberal estimale) that every acre of pine land in
the above counties will yield at the present 10.000 feet of
plno. This would require 250,000 acres to produce the
desired amount. The following is a carelulcompilation,
made by competent persons, of the counties named,
from which the pinn produced would naturally follow
the Susquehauna River to market. It includes timber,
farm, aud barren land:

Acres.

Lycoming...................................... 800,000

Potter......................................... 358,41)0

Cameron...................................... 188,689

Tioya.......................................... 400.000

Elk............................................ 276,480

CUnton......................................... 612 600

Centre........................................ 400.000

Clearfield ..................................... 784,000

Total.....................................3,719.560

To produce 2.500,000,000 feet of pine will require
nearly one-fiiteenth of this land. This amount does
not exist, the mi st liberal estimate placing the number
of actual pine producing acres at one twenty-fifth of the
above total amount. Some operators go so far as fo de¬
clare that not one acre in fifty will produce 10,000 feet
of pine. Taking the liberal estimate, then, less than
four years will exhaust the pine supply of the Susque¬
hanna Valley, and the now comparatively neglected
hemlock will become the staple in the lumber trade In
that section, as It has been for years in the Delaware
region.

In a few years the great lumber markets of the East
must necessarily depend entirely on the great forests of
the West and the rapidly decreasing pine woods of the
South for their pine. Are these inexhaustible ? Is not
the fact that the once mighty piue producing State of
Pennsylvania is so nearly bereft of its great source of
wealth that the date of its exhaustion Is so easy of cer¬
tain computation, sufflcient evidence that there is no
warrant f-ir the statement that the resources of the
available Western forests are endless ? There is ample
food for rt flection in the importance of timber culture
in this country contained in these facts. There Is no
alarm for the present, it is true. But what of the
future ?

METALS.—CopPEB.—Ingot continues quite firm at a
farther advance, and sellers are in a pretty confident
mood. There is, however, no decided buoyancy and all full
bids receive attention. We quote at 22>^@23c. for Lake.
Mmufactured is in good average demand, and firm. We
quote: Yellow metal sheathing, 20@21c.; do. bolts, 28@
29c.; do. nails, 21@22c.; braziers' copper, ordinary sizes,
over 16oz., per square foot, 32c.; sheathing copper, over
12oz., per square foot, 36c.; bolt copper, 32c.; old copper,
16(s>20c., as to quality. Ikon.—Scotch pig Iron is without
change, about former rates being asked, and the small
arrivals giving holders some advantage, but demand
moderate. We quote at $29@33 por ton, as to brand.
American pig iron is lower, or rather the rates to which
many sellers have for some time been cutting under are
now openly admitted. The decline, however, does not
increase the demand. We quote: No. 1, $23 per ton-
No. 2, $21 per ton; forge, $20 do.; and mottled and white',
$16@18. Rails lees active, but most mills now lairly
busy on back orders and asking full prices. Old rails
are dull. W« quote at $43@45 per ton for new 561b iroa-
steel rails, $63@66 per ton; street rails, $47@49 per ton
of 50ib and upward, and $70@75 for steel; old rails at
$22@25 per ton. Scrap iron steady at $31@32 for No. 1
wrought. Manufactured iron neglected and nominal.
Lead.—Foreign ia dull and prices heavy at 6X@0%o.
gold. Domestic in small stock and sparingly offered,
but cannot be sold above OXo. gold. The manufactures
of lead firm. Bar, 9c.; pipe, 9Xc.; and sheet, lOcless the
usual trade discount. Tin.—Pig is held more firmly in
some cases, but sells slowly and mainly to fill ordinary
trade wants. We quote: Straita, 16X@^1Xo.; English
Land F, 16?.^@17c.; English reflned, 18@17i^o.; and
Banca, 22c.. all gold. Tin plates are dull and heavy on
nearly all grades. Spelter has been advanced to 8o. cur¬
rency, but holders are still awaiting customers. Zino
In about tho average jobbing demand, and steady at 8X
@9>^c. gold, as to number.

NAILS.—The general inquiry continues moderate,
and the market does not show much life. Sapp.ies are
ample and well assorted, and, though quoted about aa
before, values are void of any great amount of strength,
espeoially for large lines. Wequote: lOd. to 60d. com¬
mon fence and sheathing, ^ keg, $2.75®2.90; 8d. and 9d.
common do., ^ keg, $3.15@3.20; 6d. and 7d. common, ^
keg, |3.40@3.45; 4d. and 6d. common do., ^ keg, $3.65@





3.70; 3d. and 4d. light, "^ keg, $4.40@4.45; 3d. fine, '^
keg, $5.15@5.20; 2d., ^ keg, $5.90@5.95. Cut spikes, all
sizea, $3.15@3.20. Floor, casing aud box, 75c. above
the same sizes of common. Finishing $1 above, and
fine finishing $1.25 above.

clinch nails.
1% to IXin.   2&2J;iin.   2>^ & 2% in.   3 in.aud longer.
$5.25                $5             $4.75             $4.50 ^ keg.

OILS.—Choice lots of winter lard oil are scarce, and
hodders firm. Otherwise the market is slow, with the
general tendency in buyers' favor. Linseed, about
59@60o. per gallon; lard, 80c.@$l for No. 1, and $1.07@
1.10 for winter made; olive, $1.15@1.20; crude cotton
seed, 45@46c.; and refined summer yellow do., 50@59c.

PAINTS.—Business is hardly up to the mark of ex¬
pectation among either jobbers or importers, but still
the movement proves fair, and on pretty much all grades
prices may be wiitten as firm. Suppiiea not abundant,
especially of foreign stock. Among the recent sales we
nete Venetian red at $1.75" gold lor Crown, and IZy^^o.
currency for H. R. & Co.; vermilion at 80c. gold for
American; Indian red at 5c. currency for R., and 9c.
gold for extra; Tuscan red 12;^c. gold for Crown; red
lead at 9%@.9>^Cc. gold for English; Umber at 6X gold
for Crown burnt, and 5>^c. gold for raw; Orangemineral
at ll^.ic. gold for F. B. W.; Sienna at 7><c. gold for raw;
ochre at 4'4c. lor Crown golden washed, IJ^c. gold for
N. J., and ly^c. currency for Bermuda; China clay at
$20 gold; Paris white at $1.75 for Queensgate and $1.80
gold for Crown; whiting at 05c. for common and 85c.
for gilders; oxide zinc at 9;i,'c. gold for red seal Paris;
white lead at 10=i;@10%c. gold ior B. B. ground, and
9c. currency for American dry. We quote: sandpaper
(B. A. & Co.'s list), flint No. 00 to IX and assorted, ft
ream, $5; do. Nos. 2, 2% and 3, $4.50; star, all numbers,
$3@1.25; emery paper, No. 00 to 1>^, aud assorted, $C@
6.50; No. 2, $7.50; No. 2X, $9.50; No. 3, $1]@11.50.

PITCH.—The demand does not increase, aud we have
to record a continued dull market. The' stocks, how¬
ever, are not abundant, and pricea rule about steady.
We quote at $1.95@2.12)^ for city delivered.

PLASTER PARIS.—For calcined plaster there is a
moderate but hy no means active demand, and In a gene¬
ral way dealers are inclined to call the inarket dull ou a
basis of about $1.50 per bbl. for the general run ot stock.
Lump remains nominal, as the the season has not opened
as yet, and buyers in this section have developed no in¬
terest. There haa been a little call from the South,
however, aud for fertilizing purposes it is thought busi¬
ness will be fair. We notice a vessel chartered from
Windsor, N. S., to Bichmond, at $2 25.

SPIRITS TURPENTINE,—In view of the full cost, the
demand has been alow and uncertain all the week, with
only ordinary jobbing parcels. This, in connection with
a slackness of the Southern markets, has alightly de¬
pressed values, and the close is heavy at 403^@41>^c. for
Southern, and 42@42>^c. for New York, with small lots
at 43@44e.

TAR.—Only moderate trade orders have been received,
and business was dull. Holders, however, ask about
former rates, and generally make a show of firmness.
We quote at $2.25@2.50 for Newberne and Washington,
and $2.25@2.623.^ for Wilmington.
.    [For Regular Table of Market Quotations seepage 276.]





<   4^¥   »





EEVIEW OF THE REAL ESTATE MARKET.

The past week has fully demonstrated the fact that
real estate prices average from twelve to fifteen per
cent, lower than laat fall, but values are slowly settling
down to present figures. The uncertainty which over¬
hangs the national finances tends to keep the market in
that halting condition where otherwise there would be
considerable activity. Nevertheless, there is a fair de¬
mand for small houses, and several houaea have been
aold in Fifty-eighth street at satisfactory prices. A
house on Madison avenue, near Sixtieth street, 25x90,
was sold during the week for $40,000, and that, too, by a
gentleman who is not forced by, but appreciates the
force of the market. No. 10 East Forty-sixth street waa
sold during the week for $41,750.

Among the announcements in another column, the
Receiver's aale by B. V. Harnett on the 12th inst. ought
to attract the attention of iuveatora. There ia some
suburban (Tarrytown) property in that sale covering a
large tract of land, which, no doubt, will interest a large
number of our merchants.

E. H. Ludlow & Co. announce for the 18th instant the
sale of 583 and 614 Fifth avenue. While informing onr
readers that the houses have been built by Duggin &
Croaaman, enough is said to satisfy all Sbuyers that they
are built of the very best material, and with the best
available mechanical skill.

It ia atated that Mr. Lewis J. Phillips, weU known in
real estate circles as an energetic and active operator
will shortly open a broker's cfflce in Pine atreet.

The following is a correct list of public sales had at the
Exchange during the past week:
Beekman place, e. s., 120.5 n. 40th St., three-
Story and basement brown stone front house
and lot, 20x100, to Germania Life Insurance
Company............................... ....    $11,000