The Real Estate Record.





757





ciallj- of Standard qualitj- and size. Yet no an.\ie;y
or hurrj' to operate is manifested, aud the demand. as
a rule, has hicked spirit since our last. A reduced
olYering. and, consequently. less pressure to realize
keeps values more uniform and some receivers are
becoming a tritle uppish in their views. We quole at
tllHTi)!! for random. po.ssibly §1 i.25 ior choice lengths
In .süiall cargo. und Sil..')U{r>.I2..50 for .Specials, the'ex¬
treme for extra dillicult.

White pine api-iears to Ijc plenty enough for all calls.
both as to quantitj- and assoriitietit, but without an
oppressive excess. and boklers retain suflicieut ad¬
vantage to keep tbe market in at least a steadj- con¬
dition. with some lulking more eonlideiitly. Demands.
however. are quite readiiy met on good fair biiis, and
a saiti <if stock when market rates can be obiainetl is
.seldom ref used. Indeed. il is again l.iiited Ibat be-
tweiMi a few liouses wliere competition is verj- siiarp,
a .shrewd buyer can tjccasionally secure •• privatt;
!i-riiis '■ of quite desirable character. This. Iiowever,
is the exceptiou, and on all onlinarj- traii.saclions
about fonner rates are asked, with an"appareut teii-
(li;iic:y to stilTen raiher than lose grt.tmd. We
(li:oie at §1 l..5i)@i.5.50 per M. for West Iii.lia ship¬
ping boards: Sl'J.(JU((r.-.'ii.i«l for South American do;
§i:i.(10:r:i.I5.(lii for box boards: §li:.U0(7i..l7 (Mi for do. wide
and .sound: ami timber to order atS3.Sfi;.50per M.

Vellow ])ine remains pretty steaiij-, and is not
offered with much freedom. The demaiui naturally
is more cautious in viewof ihe fuller rates looked for,
but a few buyers waut sloi-k. and appear lo be a little
.•iiixioiis of securing cargoes-. Stocks here are stead¬
ily lieltl, but do iiot attract :iiU(;li additional attention.
We «uote random eargoes at about §IS(gi-22 |ier M.;
ordered ^eargoes S^2-2.(iO.:;{~'l.(iO do: greeii Ilooring
boards, §'2l)®21 do; aud iir\-do. do. S'20(r>.'J3. Cargoes
at the South, §1 l(fi^I.5..5ü per M.; hewirtiuiber. ST..5(1
(2,14.

Ilaniwoods remain about as before, all really good
qualities showing a pretty steatiy tune, and dealers
leeiing confident that thej" can retain ihe advautage
for the same from ihis time forwanl. Supplies have
not accumulated to any great extent. and of the
leading grades the assoriment is poor. while the pros¬
pects of demand are consideied good, bolb on home
and shipiiiug account. We ipiote at whole.salejrates by
eniloati abont as follows: Walnut, §77(r;,sr) ••)./ .M;asii
?:;•■'.<?/ .JtJ do; oak. §:l,=!@40 do: imiple. S3iif«>5; chesiimi!
Ist an-'. 2d. S."3(:(»?;:15: do., do.. culls. PJ8ff-J" do; cherry.
Sl.-rV;75 do: white wooil. y aud 5,4 iiich.. §-25(ri.-J7..5(\
aud tlo. itich $-U(fißt) do: hickory. ^•J.')(f!53i) do. foFWest-
eni. and §H!(?>;.50 for good nearby stock.

Vard dealeis. asr. rule, say - iioibiiig new." Some
are doing a Utile more business iliau last wei.-k.
others a irillc less, but thegeueral aggregate amoiii.ts
to about the same aiul covei-s an oriliuarv assortment.
t^Uiotations on the .general ränge are iiu"icli the sanie
as for sometime given. but it is. we lind. sini|jlv im-
possibU- to lix lipon ligures satisfactory to all parties

From lumber chariei-s recentlj- made public we
seleet ihe following :

.\ lir. banjiie. 399 tons, from Si. Mary's to Rio Ja¬
neiro, lumber. §20 net; au Am. sehr., "tti! tons, from
Calais to River Plate, lumber, §15 net first taking
coal hence 10 Portland at .5.5c. and disch-arged: a Br.
brig, 2.5Ü JI lumber. from Montreal lo River Plate. §17
ii'-t: an Am. brig, iSll Ions, tliree trijis from J'onsacola.
lo north side Cuba, Havamiexcepted, lumber, §8. Oe¬
tober and November loading; aschr.. 183 tons, iience
lo Port Spain. lumber, §7, and.shooks ^250.; au Am.
brig. 21.5tons. from Fernandina to St. Kitts, lumber,
:siti..5ii: a brig, 375 M bimber, from Pensaeola to New
York or a Sound port §8: a sehr., liiO Jl lumber. from
Nt.rfolk 10 New York. §^2:25; a sehr.. 180 M lumber.
from .lacksonviUe toNew Vork, §7.^25: aschr., 1.50 M
liiiiiber, from Jacksonville lo Boston, §8: asclir.,21ü
."^f lumber, from Savannah to New York, .•=(..50; a
sehr., ^231 toiKs, hence to Jacksonville and back with
luinber, §9 for the round: a sehr.. 214 tous, from
Itockport ."Me.. to Jacksonville. ice, §1,50, and back to
New York, lumber, S7.^J5; a sehr., from Virginia to
New York, chestnut lies, 1.5c. each.

ICxports of lumber from the port of New York:
'fliis                Smce

Week.           Jan. 1, '78.

f'^et-                    feet.

\\ est Indies ..................  8.5li.^J81          I5,Ml9.49fi

South .Vmerica...............    191)317           9,'2ti5.167

Käst Indies..................    U9.4-29           4.039,C.07

Kiirope, Continent............   15t),.500           3,80().6^28

Kiirope, United Kiiigdom... .   liil.:t:.'3            4.417.S57





Total..





1.4ti3,853





37,428,7.55





GENERAL LUMBER NOTES.
STATE.

The Albany  market is reported by ihe Argus to
September Kith, 1S78, as follows:

The aetiviiy notieed l.-ist week in pine lumber con-
titmes wi'.li an increased attendance of buyers from
South and East The improvement in the trade at
New York also favorably affects our market. Though
we have not made any change in our quotations, wo
ijoubt if auy purchases could be mudi! at the inside
iigures, aud mauy Iiouses are holding at an advance
thereon. The market is also favorably affected by
the advance in canal freights and the still larger ad¬
vance. iu rail freights, from the West to the Eost the
i-ate being now §79 per ear against §.50, the late rate.
1 he general tone of the market is au increasing trade
at better figures. The canal receipts at Alb.-iiiy for
nie flrst week of the month arei about equal lo those
for Ihe corresponding week last jear. The stoek of
pme is gootl and is well assorted.
. Coar.se lumber eontinues to be freolj- taken, espec¬
ially spruce, whieh is held at a very low figure. We
•eproduce our quotations of Inst week. Canal re¬
ceipts are moderate. Spruce is in largo stock. There
IS a fair supply of hemlock.





The shipments of lumber from the Saginaw Vallev
to September for the sea.sou, are 2;J3,97S,Ü0() feet
ngainsl 327.4.50,01)0 ft. iu 1877 and 279,358,000 feel in
1870.

Freights from Baj-Cily to Tonawanda aie quoted
at Si.!J@1.25 per .M. feet From Tonawanda to Al¬
bany they are §-2.5ÜS,2.75 per 31. feet. From Buffalo
lo Albany .5-2.üi!(ä.2.S5 per M. tVet. From Oswvgo to
Albany at §l.i;o per ."iI. feet. From Ottawa to .\lbany
§•2.75 per .M. feet

The receipts of lumber at Chicago from January Ist
to August 31st are ü:4.l24.iiU0 feet against 574.5^J8.0(^iO
feet for a corresponding dale a j-ear ago. The ship-
nieiits, 3G9.4^28.Ü' II feet against 347.:tö.5.ü(!0 feet.

The receipts of lumber at Buffalo for the week by
lake !tre 7.485.000 feet; by rail. 47 car loads.

The receipts at Oswego for the week 4.710.000 feet:
tlie shipments b>- canal •2,8tit;.0(K) feet.

The receipts at .\lbanv by canal from the opening
Ol navigation to September 8th, are:

Bds. & Sctg. ft. Shingles. JI. Timber c. t .Staves. U.
1S77....  191.058.51)0             4.3Ü9                9,^2.!7         9.52 000

1878 ...  187.051,;e0O             5,151              10,075         840,000

The receipts at tide-water from t!ie opening ot nav¬
igation. to Septen.ber 8th are :

Bds. & Sctg. ft. SliiiiglH.s. M. Timber. o. f. Siaves U.
1877 ... :J«.-297.9()()            12,15!          21,5,(iOI)      5l.4;i'i.5tl0

1878.... 33.5.917,.500            11.013          316.:J75      53,639,000

The Tonawanda Herald reports prices as follows :

I'RICE.^   CUltItEKT.

Cargo lots—Jlichigan Inspectiou—

Three iippefö........................§30 00((},:i2 (K)

Common..............................   14 oaf^in iK)

Culls...............................     9 0()@i 9 50

TIMBEK.

Siiingle timber.......................§17 OOfSilS IK) ^S M

Norway.............................. lO t»®!! 00 « M

Culledlogs.........................               10 IH) t^ M

THE AVEST.

SAGIX.tW V.\LLEY.

Lumberman''s Gazette Offlce:

E.IST Saoi.saw, Sept. 9, 1878.

The fall trade can hardly be said to have fairly
opened, but if the old saying of a •' lull before a
storm" h.as any bearing on the lumber market, then
we may soon expect a very radical change for betler
or worse. The inilicaliims are that the change will be
for the better, The siiasmodie briskne.ss which char-
acterized the last week in August has been followed
by (piiel and content meiit. The shipments during the
past week were üreater than during several weeks
prcviouslj-, bul there have been but few buyere iu tlie
market, »md no sales to speak of have been made.
Those ULiile were for eargo lots ranging at §5.5of{tJ
for cull.s. §11(5,12 for common, and §-J(i<(r.-28 for the Up¬
per ipnilities, with one or two sah-s at iutermediate
(igures. There is but little disposition to seil at llie
lower figure.s. und im good or even fair stock can be
obtained for tlieiii. The majority of the manufactur¬
ers are holding at the highest flgures, and don't care
to seil for them unle.ss crowded for dock room. It is
now deflnitely established that the shortage of logs
wil! be from 15Ü,000.üli0 to JOO.lKXl.Oi 0 feet asahist !a.t
year, and with the supply to come the majority of the
mills can not ruu over-'iO days longer. A number of
them will stop Ulis month. But few of the mills h-ive
a supply in their booms to ruu ihem over a week or
two. and the supply from the Rille and Au (»res. which
will outla.st the Tittabawasseo but a short time, will
be ilistributed among the favored ones.

The following shows the total shipments from all
points on the Saginaw River from the opening of nav¬
igation to September 7th, 1878:

Luuiber,ft................................35:l,00.5.^2lO

Lath. pcs....................................   31, !04.^2C.O

Shingles.................................... llü.06t).:tS0

Staves............................      ..     2.9-27,426

Hoops......................................    t7'.t)0ti,0(K)

Timber, cubic ft............................        4ö5,:i.S0

Fkeights.—Lake as anticipated, there has been
tili advance, liy cents being added during the latter
part of the week to Ohio ports and Buffalo. Charters
were made at S1.-25 from Bay City to Buffalo and
Tonawanda, and §1.12>^ to Ohio ports, with 12tij cents
.added for Saginaw.

The following from the Lumberman and .Manufac¬
turer :

MixxEAPons. Minn., Sept. 6.1S78.

September trade begins light in the West The luir-
vests are flni.shed aud the gram is moving rapidly for-
war<i. and a change for the better should occur verj-
soon. The light demand and low figures at Chicago
is bringing down prices in the uorthwesc in spite of
the Short supplj-. Concessions are being made on rul¬
ing prices at nearly all points for cash. and quotations
are off from 5'2 to §2..50 from April flgures.

It is conceded that an extraordiiiarj^ crop of logs
will be cut iittxt Winter, and doubtless this influences
dealers to reduce. prices in order to get rid of all .stock
on band. At Minneapolis Monday last the list was
reduced to §12 5ii for common boards and diinension
S111..5O for sheathing and a corresponding drop 011
other grades. This large reduction will probably be
met ju, other points on the river, and .seems to be a
necessitj- forced upon the trade by the outrageous
railwaj- discriminations against the river line of cities
The average price of logs at the mills alom; the Miss¬
issippi from St, Louis north, for the season is nearlj-
§10.50, and they can ill afford to be forced down on
prices to §12.50 for seasoned lumber, They are deter
mined to seil and will meet all competition.

If Providence will only give the 20,000 men who are
going Into the woods this winter a good long seasou





for hauling and fair driving water next spring, there
will be much less laiighing on the back seats at Chi¬
cago in '79, especially if thero can be nny wuv devised
to secure equal rights on western railways'for west¬
ern manufactujers. And there is hope that this will
be accomplished now that attention is being attiacted
to it all over the west. And the entire powers of the
.States can be brought to bear with a sligbt effort
Even the rankest granger is hardly willing to see
western munufacturers Aviped out altogether. The
river eontinues to get lower daily. and the supply of
logs is well nigh exhausted The only logs on the
western market being a few ..n the St. Croix. held at
good flgures. Total shipments to and iucludiug Au¬
gust 31 :                                                                            "

Cars.           Feet

1J"8 ................................ i;..5;i()       (;-2,(«,5,000

Same time last year............ T,ii98      7:i, 131,000

Same time, 18,-6.............. it.gso       9J,85n.0(K)

Low W.tTiJtt.-All llie trihutariesof the Mississippi
liave reached about the lowest stuge knowi. siii.;e the
s-itlement of the west. The great Falls of St. An-
tbonyh.-is .shrunk .s-. that not over half ilie machin¬
ery upon it can be ruu. and water still failing. The
logs are nearly all hiiiig up and the mills idle.

.MiN.VEAPOLis Booms.—Tho total number of logs
ttirued out of tho booms to .\ugust Ist including old
logs carried over was 3:i(i.l51 logs .scaling 51.465.450
feet. Turned out in August 107.429 logsscaling 17.-
31.5.910 feet. Average scale 165 1-5 f»?et. Total logs to
September Ist 143,571 scaling ("18.811.3()0 feet
FOREIGN,

We have Shaughae (China) advices to August (ith
tts follows:

Li MUBn—The ships Look-out and Martha have
arrived d'iring the interval from Puget's Sound bring¬
ing large cargoes of timber. and as further consid¬
erable quantities of Oregon pine are known to hav«
been shipped for this place, our market is now verj-
quiet and the nominal quotation is Tis.-2:1 per thou¬
sand superflcial feet. The shipment of Kauri timber
by the barque Glimpse has been sold atTls.34. per lüO
cubic feet

The following from Timber Trades Journal:

Lo.VDON, August .30, 1878.

The trade here seem in s<une degree to have settled
down to a thorough recognitiou ot the present State
of affairs, as if the expected values were likely to be
stationary fora long time to come. and though it is
pretty well undei-stood that things here have at last
reached bottom. the cbances of any radical improve-
ineui in prices from what they now are is loo mule-
lind to have any intliieuce in :he masfcet vet. Still the
prospect of an unward uH.vement during the winter
months of goods landed here is more than likely. After
the end of September verv few shipments will be made
o this port fioin the B.altlc. and ilie supplv afler the
next month ".vill only be of a random chaVaeter: au
oild eargo arriving occasionally cannot have much
appreciable inlluence i.n tbe .Stocks here. and for all
inteiits aiid purposes the imfiortations of timber f.-om
abroad by that time may be considered al an end.
But while the supidv will bave ceas«-d the demand
will still continue. esi.eeially if we sluuld be favored
with another such a winter as the last which w.as ex¬
ceptionally mild, und little or no diminution was no¬
ticeable iu the building trade throughout its coniinua-
tion, so that a lot of stuff will be finding its way into
consumption. whilo the gaps made in the Stocks
will not be filled up until well on into the following
spring.

LiVEHPOOL., August 28th. 1878.
Although the import eontinues to be upon a very
moderate scale. there is 110 improvement in priees,
aud sales continue to be made only upon very tempt-
ing conditions for buj-ers. The niimber of ve.ssles in
the St Law-renc« is exceedinglj- small. j-et there are
no anxious charterei-s. although freights are at rates
which must be ruirous to shipowners. Apparently
shippers have grasped the position that anything sent
upon the open market must either ge into store to
awuit better limes. or if sales miuit be made. then the
tiusiness will result iu heavy los-ses. The spruce deal
market shows no signs of imr.rovemeut, owing in a
great mea,sure to ti.e somewhat excessive import,
that is to .saj-. excessive for the ab.soliite wants of the
trade ; und the prices at which these goods are sell¬
ing will bo seen from the i-esuIts of the recent .auc¬
tion sales. In Baltic goods little is doing. notwith¬
standing the low f. o. b. prices, and cheap freights
and such goods as are sent on consigiiment are dilH-
cult to dispose of.

NAILS.—The general Situation of affairs does not
change to any great extent Demand tluctuates some¬
what on both loeal anü ship))ing account. but taking
the week through, the aggregate reached is just about
the same, possible a trille larger than at the opening of
the month, and values are fairlj-supported on sniall
lots. From first band.s. however. sales are reported
at ;§2.2ü net and even lower. We quote nominally:
md. to (iOd., common fence and sheathing per keg,
§•2.25; 8d. and 9il.. coinmou do. i)erkeg. §2..50 ; 6d. aml
7d.. common, per keg. §^2.75; 4d. aml 5d., common do.,
per keg, §3.(K); :!d. and 4d., liglu, per keg, §3.75: 3d.,
Ilne. per keg. §t.,50 ; 2d., per keg, §-1.50. Cut spikes,
all sizes. §2.70. Floor casing and box. 75e. above
the same sizes of common. Finishing, §1 above
and fine flnishing §1.25 above.

Ctl.VClI  NAILS.

1% to lyia.    2 & 2i4in.   •2i^j & i^ in.   3 in. & longer
§5.00              §1.50             §4.Ä            §f.Oflperkeg

OILS.—Some .speculative feeling pi-evails on the
wholuaale market, but Jobbers are not mgch excited,
aud manage to keep tho position in fairly steadj-
shape, and distribuie about an average amount oil