Northern tribune. [volume] (Cheboygan, Mich.) 1875-1885, 1877-08-25
THE OUTLOOK.

TIL the present. Time. AS eacn year came
around, with even lower prices, it was
thought; surely, values had touched bot
tom. and prices mnst 60 up or the lum-
Der Interests 60 to the wall. Until to-
day it seems as II the bottom had fallen
entirely out and it was no use to longer
fight against fate. Lumber being the
chief product of export from this port,
weshsxe unnecessarily felt this depression
keenly, and while the county was being
rapidly settled by farmers, which i'm a
measure has kept us moving along In
fair prosperity with the rest OF the world,
we feel that, had 1t not been for the de-
preston in the price OF lumber for so
long time, we would have been far adj
vanced of what we now are, in prOsperi-
ty at least. 's t7s.si.n -iosilir 20 ~. 2
For one or two reasons we believe
that the worst is past, and that the out
look for our lumber manufacturers is
better than it has been for y long time.
We see by our exchanges that the waters
of the feeders of the Mississippi. which
permeate Minnesota and Wisconsin,,
north Of Minneapolis, have been very
low all the season-Aso low that there are
hundreds of millions feet of logs lying in
the streams, and will remain there now
until another spring for water to float
them to the mills. There is not lumber
enough got out of these streams. to sup
ply the demand there is in the territory
between Dubuque and st. Louis This
deficiehcs'w will naturally cause CONSUMERS
to look towards Chicago for so much of
the supply as will be required to make
up the shortage bios o. - BIZ = btI-1
1t is fact we'll known that the waters
upon the shores Of lakes Huron and
Michigan have been very low this sea-
son, and that many millions Of feet OF
logs lay in the dried mp streams from
which the Chicago market is supplied.
Its true there has been a large amount
of lumber manufactured and placed upon
the market, but it has become more
important fact that there is not near the
quantity to be had to supply the usual
amount that has been produced each
year, for several years. 1t seems to us
that with this demand upon Chicago,
with the short supply of the great lum-
bering sections of northern Wisconsin
and Minnesota, and the small stock to
supply the. demand from.it must very ma
terially effect the lumber interests for
We believe, also, that the demand for
lumber among the farmers, who natural.
~ consume large quantities in building
teilces, barns, and making other necessa-
~ improvements, will be much. greater
the remaining portion.os this year than
usual. Small crops and hard times have
CAUSED thenf,to icconomize in past years
to, such an extent that these, improve.
ments have run down.. This year the
crops are more than abundant, the sale
Ofliwhich will naturally put more money
inicifculation and put the farmers in a
condition to make such improvements
as have been delayed for want of neces-
sary means. When farmers do well, all
classes do well. This being the case, we
cannot but believe that the prospect for
the future Is brighter than it has been
tor many Q day, Taking things as we
find them To-day, We can see NO reason
for diseouragemeHt.r ~ On the contrary,
we think everything indicates that the
tide Has, or Soon will turn the other way.
The foreign war is going to make "a de-
mand for GUN abundant crops % "A dis.
patch from the United States Minister t6
Greece asserts that the United States can
now and .henceforth control, to large
extept,I the grain market Of Europe, He
says Russia has been our only competitor
nthis trade.o. Under the most favorable
circumstances for Russia, tile United
States HAS had tire advantage of that
great csrealproducing country. Antici-
Eating the future course of this trade,
British capitalists are now building ! six
OF 1.-The largest sized iron vessels for trans
portatiaii of brcadstuffs from our shores
on Eugiish account. with, this demand
torour grain. we DO iiotthiiik it can be
other rS l' than that an era of better
u@es Viii come, Iqn Il ..s,assf noiget.
-cWifif good timesand plenty of money i,
itclhnot be otherwise than that our vii.
lsge viii ttake.a new impetus and grow
With greater rapiditylas prosperity comes
marching along. and we have no doab,
that time will demonstrate The predic.
lions OF the TRIBUNE-that. Cheboygar
Is ESq esstnlInel 70 be one OF the largest cite.
of:the. "M0iverinen state. .1ndr rs -,isIII
-T9inS SahG1 - tor ftu $50
slSRANIsH Minister Mantillo officially as
st1fes,the acting Secretary OF State iha
the government of Spain is disposed Il
satisfy the complaints which the United
states may desire to makein regard t,
the cases of the .1.Rising Sum- and .El
len RizPah," even before they are form
s.lated, and TO preventhereafter any Gauss
fef'siniiIar ones arising. 1t appears tha
the acts complained of were committed
blythe same officer,oa subaltern of ,
rank equivalent to that of coxswain il
our. navy. FRI, ~ ,ts'.,, - + H. s.,
-i4ssiig 0sll q =l ri.rrIo3 p o.
ssiT Is reported that the old army ap
preparation having been exhausted ant
the Signal Service being part of the ar
my, and Congress having failed to make
any anflropriaffo for tho or Co.. n |;