New-York tribune., 1877-07-09
THE LUMBER IRADE.


GREAT DECLINE N PRO- rs AND TRrrGHTs.
In no branch of trade has the depression in.
cident TO tho hard times been more seriously ict than
among tie lumber dealers. whose profits have decreased
i'm many Instances more than onehaL Freight charges
on lumber in -ulk corrospondngy fallen. however,
and New-York has improved as general market Tor
lumber. Orders from Western cities and towns have
largely increased, resulting Ia heavy failing OH IA tho
Chicago and Cincinnati markets. THIS change has
been pcrcoptibe for over year. aud Is more
marked now than before. The receipts al Nc~-lork
for ls76 show over over 1873 OF 403sl,Vl
feet while at Chicago thoro a decrease during the
.amc period Of ll7OOO,OOO feet Ihe large number Of
buildings III course Of erection the West Il Il estimated
by NewYork lumber dealers. viii require al tue lumber
that can manufactured In that region, ami the East
must look to Canada and the yellow pine region ~ the
south Tor is supplies Large quantities oi lumber now
.rve dam at port from Canada tc greater part Of
II IA bond. By tne terms OF tbe revenue law, ali Cana
dian lumber arriving mere ior export is Zee oi duy,
while that winch enters INTO home consumption
must pay duty OF Two per cent. Inc south American
and Cuban trade II LARGELY Increasing AZ JUS port OWING
u the great chcapucss OF lumber OF AL grades sand
.eadmg Westsrcet dealer The transportation OF lum-
Der II tuily thff per cent cheaper Vo.' tndh w.
nyo years ago. aud IA some cases, there - Ing ono
forty cent We pld u, other day disht aYla.s
carload OF oak from Mlchisai snd We nave pad AS
high hundred and twenty dollars car Nom IN
dianapos During the Winter, caroais average seventy
dollars failug OH OI thlll per cent, We arc cut
ing INTO albany marAet heavily sald another dealer
Al that point middle men set ten pes ceD Tor sales and
in order 10 avoid TINS irish,iu le,5 uea.ss ae Duyhs
tlrou. tle nrst owners Freight tom Albany is Ony
II a tnousand against ~ - last year from Buffalo.
iurce Yeas ngO Il cost - thousand JOn Oswt 20,
difference OF go miles Freight charges om Buffalo
we're formerly 81 30 Ia % thousand. ana no" they are
from - 70 10 - 70.
speang OF the decline In the price OF lumber an Last
site dcalcr said Lumber las fallen 10 the bottom
notch, ADD c.nuut possibly get down lower What we
used get S32 lo now selling al el-, ana w1as
formerly cost Us 500. can gee plenty Oi now
for $40 HemOck Las fallen since last autumn
about ten per cent but AL other grades sAnd nf at go
t.meiy low prices. This rapid decline has had such
marked effect upon the dr, mat where oni house dd
business m 1870 OF SovooO i"st seA. ~n ta. anne
number of Sales our aggregate Was Ony e--oVOO. lhe
bonded business has grown into large proportions during
The past four years while CAc4s1 aid tne other
western cities have bOnacd yard. there three
In NeN-Yotk, one BlOOAlyn and Two al Grcea-
point To prevent any possibility OF fraud Dy
removing lumuer, or dlsO,ins of ~ At bone, tho
propetors and their employees sworn IN revenue
officers aud whenever any exports are nsde tc vessels
must load from the yard where tie bonded lumber
stored The precautions said " De 40 rid tha 10
a matter Oi mpossbity ior any OF the Canada lumber
w DO removed except for export