The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1891-11-27
STATUS or TINE LunBER TRADE.
Southern Lumbcrmap.

southern Zimmerman.
This year drawing 10 a close will
be remembered n long time as II
year Of exceeding dizziness in all
branches Of trade. The monetary
strlngemv, following the collapse
in the Argentine Confederation,
and the subsequent financial en-.
bairassments in London, had Il
paralyzing effect from Which The
world has NOS yet entirely recover
ed. So far rs the lumber business
was concerned, the effect was Two
fold-first, in The Obstruction Of
confidence, checking the flow Of
capital and discouraging enterprise
and the disturbance of our lumber
trade with South America.
But there were other causes than
these for the sluggisIncss of the
lumber trade and The low prices
prevailing. So many lumber en-
IerpriseS had been started in the
South. and SO much lumber cnt and
hurried into Traffic that The lumber
centers of the North, which consti.
tute our chef market, we're glutted
with all kinds of manufactured
lumber, aud especially Of quarter
sawed oak. The accumulated stock
will not have been worked off suf-
liclenIlv TO produce a marked el-
feet upon prices until the begin.
ming OF The new year.
Atsome points, stocks on hand
are less than they have been for
years previous, and the
shortage will he greater by the
time of a new year. The evils OF
production will be partly rem.
adied al The South by The reduc-
ion Of The output, so that the sup.
will be materially curlailed.
But how about the demand That
will depend largely upon The build.
ng activity of The country, and il
here should be a building revival,
t will probably call for The coarser
More houses are needed.
)Gi there must be an easier money
market and freer circulation before
t will seek investment in new
buildings.
Money is rot going out of the
country, bnt is flowing in from
abroad. Probably we have never
had such bountiful crops as
hose Just harvested. 1t Is eslima-
ed that the grain yield will reach
$50, 900, 900 bushels of wheat 2.000,-
100000 bushels Of corn, between ,
100000 and zoo, loo 900 bushels a.,
# oats, and over 1o0,000,000 bush |
Is of other grins. making an aegre-
ate OF about $780, 00, 900 bushels !
r about 1000, 100000 bushels more
han in 1850. This increase of l..
00,000,000 bushels is equal 10 l. c
car loads of 10000 pounds
ach. Nearly all other crops prom. .
Sc The same abundant yield /; rice, '
ugar, tobacco, fruits, grasses, etc, '
il adding immensely to the profits '
( farmers. Cotton alone of all !
he big crops will fall short of 1890; l
nj this will be Of advantage, AS r
ne yield Of last year vas too large d
)r The demand. l.
That money matters should be =
IoEe and times hard under such a u
DndiIlon, is ii puzzling anomaly. n
a only be accounted for on the ~
round CT The pr0yerbial timidity :.
T capital, which, when it gets a j
God scare, stays scared for a good r
bile. The reaction, however, is /,
levitable. The swung pedulum :,
and The ebb is followed by u
le flow. When the tide turns Il
'ere is likely To be great activity u
building enterprises and greater Il
emand Tor lumber. We can but u
atch and wait Tor tin other NJ
ords, 'say nothing and saw wood ii
ut not saw too much. II