, 1870-08-19
Lumber Prices nnn Prospects,.
IL It E!.tcE Of TIKI Chieug, Iribun.;

,, CHICAGO, aug. II, 1870.
WG notce taat you a-c Euti Qnnti18 common
eis. @ icnssaa, 4, lvlst seau.ling and tsmoct from
JsEu !toM X 10 !6 feft NJ sl3DQalA00. THESE
we're INC prices ruling about ten days aso, but
since then m advance uf fuy ono dollar ali rs,uad
has akcn Place, - that II you shouii qoote 5l3oo
nearer the mark. All dealers viz tell you tnat
is-ieet lengtns arr Eenerally held At 5eoasi-0o
sye 9ss syso ssea nsebee rou probably hare Oh
Nnntattou Prices between lumber By the cargo a2d
l!om me sa1d has been barely sufficient to tsay r
uie !nnot attend4nt On sottlng, pittns antt shin
own time. capital invested and yn-n
expenses Last season, with prices. by the
hs 9s IL ya pees toT scesn,oR
lumber ruled from one 10 two dollars per thau-
sand hl3net than they have this year. Even ,hts
additional p1acc Of last year oret the present. from
the Jaru WIS proven to be hardly reuanes1tlye.
AID. - consequence, 1 unnber ot tea1era went
cut Of thr business How the prices al which
tealers have thus far been selling common ium-
Pcnsea, will bo dtncult. In the opinion OF tue
writer, 10 figure out II It be aakrd why TITS Is -,
ne think We can answer.
uon. quite large stocks OF lumber we're nvll. Win
tte usual dull market at that ecason OF tho yexr,
A. later period, trade DID NOT revive, but 70
a,usy sa. tue ~, IT, "esa e.
were de11rous Of closing ous their baai-
ness: oeaides. 1t VAS the prevailing oplulon
1870 would rnle lower than at any former period
9lucc before the war. All these things combined
had the tendency 10, and did actually, lrtGhten q
Eood many dealers, and, 1s 4 Aconse1nence, theT
were anxious TO reduce the!r stocks Circulars
from many OF them vera sent all useE tue coun-
~. u1estnx lumber. not unly nj reduced prices,
ln& below the rrfce7 at which 1t conti then he re-
placed. THIS extraordinary competition and de-
sire 10 sell had the desired effect, auI county
dealers ut once pitched In, and the openlug Of
iaFlEarttn fo0nsl mt.t u the 5ar.ls with snsll
ftatcks. It'll abundance OF or.l&rs ffun their cus-
lu.serf- which cou!d nut be died I. the thea
rrtces, With n pro1t fruH the purchases, By
be81s In the market ever alnce, and have
been acting all summer, 80 far, In view
of lower pstceA. We are Inclined II thtuk taas
shcy arc beginning 10 change their views AMI Ill
they Lave thus far accomplished by selling at less
thAn cost In some Instances, has been the cutting
ot their o~n throasA The time, we think, has
gone ty when lnmbeF manufacturers W1liBetl thelr
inlllnN the dealer to speculate ont OF hts necessl
ties, whcn It Is considered toat the cost os lumber
consists almost exclusively Of labor, II any one
Niu take the trouble 70 examine the matter, with
the view 10 Ascertain the amount Of labor be-
ftowcd ho cannot but sec that 1t Is cheaper at the
present prices than corn at Is ceuts pex
hushel. AMI ttuse who arc tnlul.tuy
Will duly awake fruM their dreams, when they
have totay future prices. The p-Dspect Of COOL
tiel and for Lumber never better than at pres
rnt. At present tue lusluess IN the Jatit Is r..
i..1.sabls active, and those who are msnufactur.
-ls as we'll as dealers. have sold largely ahead 0i
trees. The Tendency IN lumber ts hardly upw AT,
is to gool prices, anil the sooner the country
III aet heglbs TO lay In his stock the lower he VII
EnS. a.