, 1877-01-01


This receipts n C!isago wera ahout IL! ,oou,
o0U feet less thnn IN 1875, In consequences o! the
reduced production, smaller receipts from LAKE
Huron ports, increased competition rom M'nor
conversion Ut good deal Of stock iato deelstof
the English market.
The manufacturers hare had very low fecfghte,
cheap labor. and low rates Of interest ne pase
season, but these advantages were probably a'.
mtst offset by tho depreciation In the value Of
mill property, machinery, ycstels. etc., aud a.
many p1nts tho ctetof the logs was cnliaftceuny
tte employment ofcx:ra lahor made necessary W
1B75'1U. The cost OF lnke transportation Tas
probably not over g., 0Q0, ,ntD, which is much lcss
than In other years, aud doubtless saved many
shippers from actual loss.
for tho English mattet w&s ncT departure Tor
tho Lake Michigan illmbcrmcn, and prosea TO
be quite bonanza for some Of tbs manufac-
s o 5fis1@ 5 @ asy of: ,of f.
low fre!ghts. and short crop n Canada, drew
Eastern importers West; and thougl, many OF
the shipments gaTc satisinstton 10 England, the
business Was not altogether prohtabio TO the
feature of the Western trade. Several vessels
loaded at east-shore ports anu sailed direct LOT
Europe: The first ca'gocs arrived unusually
tS o. ars s,o n ot ahe ea
to those Of the previous year until September,
after which month they fell Off in consequence
Of many mills having cut up thctr stock OF logs
earlier lfan usnal, and thc low prices kept out
1.owgr-Lake lumber. The season closed about
Piece stuF opened at 1000, and sold down to
f7.0OG7.50 in july, uuttcr continuous heavy rc-
cc!pts, aud through Tho efforts Of . combination
Of buyers In midsummer. Late IN August tue
price foso to $500, which Induced Isbera! re-
cclnss, and tho market ,agatn l!oke, ruling tr.
regular afterwards. closing. at &0io0$7.W The
avera9e price Tor s months '*a4 abont Ss'5o.
.thfr{ aHf 8t mr.
common, ani $lo0O691 1fU0 Tor tic medium to
higher grades Thu offerings Of good lumber
In cargo were smaller than usual throughout
tho kenson.
rn7 LOCAL YARD DEALERS
have probably como out little ahead. They
lIa7e had rather better market to buy on than
in 1875. because lumber a1oat opened lower and
ruled stcadcr afterwards; and although the
w!ntsl s # ss was A' boug it, Al low W. guqsss
and w..s probably be rctaiIel Ietore
spring at moderate profit. The trade uf
tho yards has been smaller than in
W weather Ii the - sprEng and iail, Which Injured
tho crops, aud also hccal,so Of tde Increased
competition from the MtssissLpp!! River lumber
men, who had q 1asRer"btock than heretofore,
irom Chlcngo' being favored with lower f.c!ehts.
rlIr competition with the Wholesale market has
also bccu very close, ard that, with the strife
between the tlcafcrA themselves, and the coa-
on,y i Compatibility small profit for l,audlinTa
large quantity Of 1uinber. In tho early spring
|arrc shtpnpnts were ins,le TO tho East, the low
frr.yhts making II possible to compete with tho
Eastern and CaIiadlan proluetin Boston and 9th
crcittcs, Cullecttons have been uniformly good.
Ii tl,o yar]s clear lumber sold at $f,. %,
nyrrurlnv fer tho scason sbuut f35S0 per II,
icct. Common lumber sold curly at Sl{ ,Jnto
I3.OO, declining in April to el0b0yl2. and IN
Tic sunlnlcr 10 S0Olba 50, closing at $9OGt1
l,OO. Tllu range On cun,1non greet, stutl dur
inc thc season uf navigation was $U.D0tly.5D.
was lUl .ss ,35 feet, against 3a2 feet IN
Jau. i, lS1j,
TIE PRODUCTION or LArn
wns n,1ci1 unn1lcr thau In 1SiS, Prices opened
whIsh lift no n1oit to thp manufacturer, and
the waste Of tic logs, ius.cad Ut hclag cut into
lath, was used as iucl. The average price Of
luti aiIuut wus Sl.N. TlIt stock al tic yards
on Dec was 80, 1900 pieces, against $685.
coo pieces OF, Jan. I, 1870.
Tic trade tu shingles WINS smaller t1an III
1875, tic rcccIpta falling short 430O00OU, anl
ttIu Shipments, Il, 5,WWOf}JD, The production was
probably reduced, as thero was little nroiit III
tic business, The rcre,pts wcro largcst from
ajichiran. At some uf til. (ireen Bay ports the
tnuu,l1uciuru Ia Decreasing, tho supDly III pInc
layiny been nrarly exhausted. Tic raIlroaIa
lending t,to the W.scunsIu pIncrIes, and he
freight determinations ayainst Chicago, hayc
alsu Dncrate,i TO divert the Western trulc fron,
this rity. Tim winter tr1.tIn in trnrk shi,1rjrs
w,l4 unusually 1ult, Tic fire ordinance cut of
flr 1n,nl ,}r1,outi prt,ps tnnnc,l ut A. tnyIaIhl
%hE 'oe'Ia act''AiA' A'eSs Uteu1' ~ =
hllH HrEIthCu atkcf Lie pcilluh ot navigation 10
4.htIBQ, ruling very BtCulY ut this r1tIEE, The
nrrru,r,. ,,rco f,r shfnr1,a nut lri,., I'd i1,t<
~, '"t,~ = - - IL. - ~?
lHc stpek ~ %ae s1t5 3sLlus " Icy. "as 4O9
uIH+d dIU 8hluKle5t akat09t eJ,Iu, fGV OA Jnll. Il
1HsH
~ ~-.. .,,~xr~..r- rr~,.,r..r
I4AH lNAEuiAlE tHosFEcf
for tho trade cAttpt bG said to be encouraging.
Tin Krnsbn tlnars with 4 much stnallcr st1,rk
supply ut thu distributing centres is larae, mud