Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1874-05-15
burlington Lumber Market.


The past week has been one Of unusull quiet as
regards operations in the lumber business. But
Few shipments have arrived fromCanada- On account
q the very ateness q the season. out o. the long
continued ice n the St. Lawrence and Ottawa
Rivers, boats could not move 20 the mills. This
has caused serious disappointment to the large class
q laboTefs n our city, who have been waiting for
employment. Some descriptions Of manufactured
lumber in cur market have received some good
orders within the last few days and pressed to
fiji orders. For short t.ms past. the extremely
low freights from the West have discrimi ma ted
against the Eastern markets. But recently West
eru iIei-his by rall have advanced from :lJto so
per car, which will doubtless result in an Increase
- orders ior Canada lumber. a. has been the case
srmeriy.
Much speculation Is sous the rounds Of lumber
journals, what Is to he the state Of things in the
trade the present season. Most OF the logs in
Ontario Canada and Michg gan are still back IN the
woods.
summing up % reports from all the producing
sections q the country seems TO show. without
doubt, that the new crop of logs q considerably
under that Of one year ago. Reports further show
that more OF this stock to TO the mills was cut
on streams higher up and smaller in SIZE than
usual, consequently the risk Of their being hun. up
is greater. Hence a wet or a dry season will con
siierabiy determine the stock " lumber put upon
the markets the present year. Reports from the
West are Rot favorable FOR hi "a streams and full
run thou "a not beyond hope. Even at an extra
run the stock o. lumber now on hand with logs to
be sawed, will fall cons derably under that Of last
year. A dry season would reduce the stock to such
an extent as : predicted would enhance prices.
As to the consumption O. lumber, it must be con
coded that ofthe great obstacles in the way is
the labor question. Il labor be reduced so as
to make it any object for the inves;men. Of capital
we may soon hope for betterment IN business
circles.
We have no change to report in our quotations.
by Telegraph
New York Money aud stock Market.
NKw yoGz, May u.
Customs receipts SG0,0N.
MONEY closed at per cent.
STERLING dull; 4s7.Giss for 60 days, and 1914
Gi9l for 81 ght.
GOLD opened and closed at u; with sales during
! the day at lliI9ll2t. Carrying rates to 4. As
sistant Treasury disbursements S2ii,0a. Clearings
I 37O0OOO steamers take out s6o0Utg in gold coin.
GOVERNMENTS steady.
STATE BONDS dull
STOCKS opened weak and declined (. to Il per
cent. Later the loss recovered and the market
ntnued firm until near the close, when there was
decline of TO 1: per cent On the report that Con
modore Vanderbilt had been thrown from wa sou
| and seriously injured, 4" OF which there Is con
! Grmationn and Washington despatch stating that
Senator Logan is opposing the finance bill stated
! that il would work contraction on ten per cent
and would give free banking only in name. The
principal dealings were in Western Union, Lake
! Shore Union Pacific. ST. Paul, Pacific Mail, North
western Rock Island and Wabash. The sales for the
day were $4,000 shares, Of which 5000 were West
/ ern Union; IL 900 Pacific Mail 1900 Lake Shore
! 5000 Northwestern; $500 ST. Paul; ,2jO Wabash
| 300 Union Pacific, and 800 Rhode Island.
The following are the closing quotations