Columbia University Libraries Digital Collections: The Real Estate Record

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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