Alpena weekly argus. [volume] (Alpena, Mich.) 1871-1893, 1877-10-31

with degree OF tenaclty CORES
: ponding to their faith. 1t give
them an independence of manne'
: often amusing to contemplate, il
= contra-distinction TO that which
has characterized them during tn,
q several seasons last past. Ever,
one in the trade is fast becoming
, satisfied that every foot of til,
/, common grades of lumber on hand
+, here, and all that will naturally ge
. here during the remainder of the
season, will be wanted before new
lumber Of next years cut can be
, marketed. The demand from the
: country is great, and seems to bt
T Legitimate and healthy. Every.
, body - farmers, merchants, law
yers, doctors or notwithstanding
property, has refrained from spend
ing a dollar, unless compelled 10y
necessity, for the past three years.
The farmer has met with poor
crops, grasshoppers, low prices. and
consequently very little money.
All the rest have had to share in
his adversely by trusting him. The
immense movement Of grain this
fall and return of money therefor
is unlocking the wheels of business,
and we are only just beginning to
feel its influence. The dilapidated
fences must be repaired or replaced.
Houses and barns need patching
up and new ones will in many in
stances take the places of the old.
Corn cribs without number are
wanted to hold the immense crop
being gathered. The simple truth
that people are getting alive to the
fact that the turning point is at
hand, and If everybody will only
snake an effort" as Mrs. Chick
says, business will again rest upon
profitable basis. Such a state of
things will heget confidence and
that will unlock the vaults and call
into circulation the money which
can alone lubricate the business
axles. There is plenty of it in this
city begging for takers at seven
per cent. or less, but those who
possess the gilt edged security de-
manded do not want it, and the
lack of confidence prevents the
taking of anything else. With
business moving off again some
thing like it used to, reasonable
risks will be taken and square
dealing men will have a chance
against the owners of capital.
1t would not be surprising then if
business next year should prove
better than many are apt to pre-
iict. 1t is claimed, width no little
showing of reason, that the pro-
iuction Of lumber Of the past
.wo years has not been greatly ,
n excess of what would be the
natural demand in seasons of or
binary prosperity. The European
war may prove longer winded and
more complicated than is now sup
posed. If breadstuffs and the like
continue in large demand, there is ;
10 reason why the country de- !
nand for lumber should not re- q.
main very large. 1t must be re- =
rendered that all railway enter 4,
'rises and everything which gave .
n impetus to building, have been h
or three years or more at a COM ~
'lete standstill. No one can deny u
hat there is an abundance of coun- T
ry left to be settled and built mp n
n. Very well, then suppose that &c
he thread of industry is taken up 9,
here it was snapped by the '73 G
anic, and the "star of empire" te
loves west again, peopling the il
'ilderness and dotting the prairies 81
18th towns and cities. It would q,
ertainly seem that the demand so 10
rising would be ample to take a;
ire of the supply, based, at least, p
pom last seasons production. Tn W,
lie light of this supposition there m
every reason to take n hopeful h,
ew Of the future. The only ~,
rawback to the brightness Of the IT.
cture is the fear that logging OPP n
atoms will be conducted upon 70,
o large a scale next winter, and ON
g market be broken by an over on;
ock next season. If, after the ;oo
tier lesson Of the past three years, bo,
anufacturers will do such thing. o,o
en- all we can say is that they 60,
II richly deserve the consequent 30,
that will surely follow. 81;
In pine lumber quotations there TT