, 1876-01-01

Tho lumber busineas Of 1876, like that Of tbs
two preceding years, is not generally considered
to hayo been peculiarly successful. Soon afLor
tho aoAson opened, tho staguant
EAsrLRS MARKETS WE'RE oonaED,
and, ~ result, y large quantity of Lake Huron
lumber was thrown upon tho Western market,
already heavily supplied, ana aided to break
prices down to point which loft little OF no
profit to tho manufacturer. It ia possible tint
tue production Of the LIKE Michigan p.rts prop
esly tributary to this market would not Of Itself
hare proved excessive, and that without tho
Lower Lnko lumber the season would hare been
moderately profitable.
There wero 10 positive failures IN tho 1ocal
market, aud but few IN tho neighboring dis
tricts. but several, some OF them prominent, in
tho country nt large.
rR1cEs wEnE LOWER.
Coarse lumber declined b@S per cent. mud tho
upper grades fully 10 per cont. Thero has beon
qualities, OWING TO tho depression Of tic great
manufacturing interests Of the cnuntty, which,
especially in tho East, allowed a largo surplus to
Rccumnlnse. The consumption Of coarso lumber
In tue interior wns unusually heavy nevertheless
prices, which opened lower, gradually decliued.
and no permanent advance occurEot until about
tho middle Of October, when prices roso to
nearly tho opening ilsuros Of tho season, under
psn a eog osnage a. sppy s Sss:'sS il s IL s sss II
tbs Lako Michigan ports closcd earlier thai
usual having exhausted thoir stock Of logs, but
Lower Lake ports again capo to tie rescuc and
the sceoip:a ios November ,neariy l2.cou, ,oao ~
n,outB. The yard dealers bought on
s,ealer market than 10 tho rresiouB
year. but the advantages thus accEu'ng
woro partially Offset by increased competitsop
among shouabclye+, with The wholesale market,
aud al. Mndun e1touson Of credits. Hogettho-
lesa sono hayo probably como through with d
small profit. Manufacturers bad . more exten.
s,yo log crop than In 1874 and paid . ittt3o mora
for transportation. The receipts were larger
than IN auy former yoAr GXcopa 1872.
THE INCREASE OF HEcEi1TH
from Lake Michigan and Lake Huron ports was
for each nearly 3D. u00 0u0 feet. And Lake su.
pe.tur aud Canada contributed over l.09o. .G0o
source Of anppy. The shipments exceeded @
t.luss OF any former soa.. The actanS ship.
I,1ei,ts for rocont year, aro about rs rer csut
llrger than ths published reports show thou, to
10; hence tho shipments Tor 1875 would pt ,bA-
bly, approach closely to BQ0. .000. 600 feet. Thu
ioca, consumption Of lumber IL catlmsted 1T
$50 D10, 900 faot annually. ..........
Tho surrounding country bought hero ~ usual,
anl !ate III August !aEge ordera vafo driven thls
way from those sections Of tho Wost usually
supplied BIZ tho AinaisAlnpt Rtser dlatrlcts. by
general advance made BY tho rIvor nlanutac:uT"
osg, which permitted Westosn buyorH to place
their oldera lero at lower figures. And, III tho
paat autumn, venerable IT. Louis bought freely
iu tho Chicago market.
TUE PRODUCTION or SHINGLES And I4TH
was smaller, as prices Wol0 too low to encourage
thu manufacture. Thcre WAa also dlMiuutlon
iu tAa rcceipta and ahipmeus. Much Ut
tl.e nhings ttAdo IL now dlvoEtcd from
tLls market, Tho completion of railroads
through tho piueFieB haT!ns cuAhted interior
merchants to order dlrsct from tho lnls,'and she
city tiro ordinance AaH materially losaeHed the
local demanl. Tie production Of shipBlcs Waa
AIuallor IN thu 0,eon bay districts. anl larger
| in Michigan, thar in 1874. Tho carly domand
| M
above common. Afterwards tho cali turned On
tho ordinary grades. Which advanced while tue
o.Aera remained stationary. rfleet for Shsngles
nlloat ranged from 81.B0ea3.7o. aud for car.lota
from 2a.5Ge3.75. tfires for earsoea waFo about
tVo ler I'll lover thRn Ia tho Ersvtor1 year. Lath
A,loat opeuoI At s1.75, declined 70 Yl.40, tho
general psico Of the season be!ux $t.oQ.
At TIE uoCKn
piece atufT opeued 1t 5J.5o, declined to sI.aoG9
ms III Juue foHu 10 kH.b0 in AngnRt, soon foil to
juHle pricos, n7i advanced tu tho fail to i9.60,
Which was tts closuK price. Clear lumber
ranged from &c. .0O4r34.00U selectH from 5000
6paJOl, and cou,nion Inrh from ~. 1900.
At thb ynris common au,nber vpened At
all.50, declined to $1,000. sold hk s3.50, and
closed at $ll.0uGtl2.00. Clear lumbor, ahtnglos.
Ano lAth were also lower, tho decline being pro-
portioaAte to the depression OF the saue haoas*
THE Brock At THE YAApA
1t tho dA.es named wsa ~ follows:
ps:i ss;s.' J. III isss. = IL iii. l.
Lumber, asG79,71s M4,lG3,313 27s7i.7i1
shualss, Nu....,,. 7e.slo2sg sl,uly,Wv :9,sa2.ou1
Iath ca,,.,,,,,., &1s4,9uo stssl.ebo 28.8sV.!s1
F1okss ...,.,..,.. 2,04L7e6 4tsa.sso 1ses3.es1
Cedar possa....... NA&a a*tsss 1a,7A1