The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1876-09-09
THE DAILY NTELLiGEAtER.
saturday, septembc- 3, 1875.

ovrEpoyE.-It now appears that
The logging business has been cJnsid-
ernbly overdone this season. ard con-
.soaeotly the market for logs Is nov
Nv dali. This j. what might have
Zen expected some time ago. for the
IGOR, that one extreme usually follows
.rotber. a. natural result. Last
soring the demand for logs was very
graf. and the prices rated accordingly
five and half and SIX dollars per
,honsand feet were offered tor logs. and
.bi. high price stimulated the !oggeTs
% renewed activity. They employed
an unsual large force Of men, and com
menced operations Ola al extensive
.cale. 4 large number of new camps
were also started, many IT them by
ne. corners. and altogether, much
larger force Of men VAS engaged IN
logging this season than ever before
While these extensive operations have
been going on ia the woods, supplying
An inorlinate amount OF logo. the saw
mills have only manufactured their u-u-
,le less. from the fact that the [ tsalady
roiIl has been shut down This has
e-sused the supply 10 get far Ia advance
~ the demand A. a general thing
ne mill companies 10 not have Ga hand
!, this season Of the year, more than
lous enough 10 keep then running but
.hart time, al least; bat VIC are in
s,vwsd, by good authority, that, 10 take
al the mills of the Sound, ON an aver
"a. and each mill has now logs enough
- hand To keep them running for four
months without another log being cut.
The Port Gamble Company have
eighteen million feet, and they gener-
ally have only about eight, or at most,
ten million feet on hand at this season
o. the year. The Port Blakely mill
also has about fourteen million feet, and
this - much in advance IF their usual
simply A a result II this over sup
nly' the price oF logs has gone down
natl! they are a drug in the market af
fur dollars and half per thousand,
with no prospect Of their rising, a.
the mill companies do not want To pur-
chase logs much faster than they can
manufacture them. for the reason that
logs are soon spoiled in the salt water
by worms The Port Blakely Mill
Company, in order u shorten their sup
ply Of logs, have shut down several of
their camps. and number OF camps
logging for other companies have also
suspended operations recently. We do
not regard this depression In the log
ging business On very uniavoTaole IN
dication, ~ il does not denote depres-
sion i'm the lumber market. II only
shows that the supply of logs has been
far in advance If the demand this sea-
son, in consequence of there being many
more engaged IN logging this Summer
than heretofore, and the demand cannot
increase correspondingly unless our
milling facilities are increased. The
lumber trade has been fair this season.
probably there has been an average de-
mand notwithstanding the fac. that since
July IL has been waning little. The
saw mills have manufactured their
usual amount this year, and they have
shipped it rs fast as sawed, at fair
prices. There Is no reason TO suppose
that there will be any depression in the
market for lumber. as the California
grain crop usually controls the demand
for lumber here. and the crop there has
been very large this year. As soon as
the gram crop in California begins to
move We apprehend that tho lumber
market will brighten mp. All things
considered the prospect looks rather
more hopeful than otherwise. and those
81 our townsmen who are Interested
ia the lumber business have no reason
to fear = permanent depression IN lam'
bcr.