The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-01-29
LUMBER IS HIGHER
Many Local Manufacturers Have
Advanced Prices.
RECEIPTS ARE INCREASING
CooperaSe Market Is Steady
Basis With. Hoops Active
Hardwood Lumber Firm.

While there has been no advance in the
= general list on white pine lumber, the local
market Is on a comparatively higher basis
than a week ago. Local manufacturers have
in several instances taken flrmer view of
the situation than, those in more northerly
locations and, without waiting for concerted
action, have advanced prices By issuing fudl-
vdual price lists. These lists are increasing
, as to the number Of firms issuing them. and
by the first OF the coming month d large per
centage of those engaged In the lumber trade
IN the Minneapolis market and at points on
the Mississippi below this city will be selling
according to their own list prices.
Generally these individual lists are from
90 cents to q dollar higher than the prices
prevailing week or ten DAYS ago. Piece
stuff IS advanced 80 cents "a thousand ana
No. boards and better are advanced 81
thousand in addition to which there are ,ad-
applying to different descriptions OF
which the manufacturer issuing the list is
short and does not care to SELL for the reason
that he will be obliged to rebuy to NIL orders
The result Of these individual advances
must necessarily have an effect on the gen
eral price situation and eVentuatly-posslbly
inside of a fortnight-all manufacturers i'll
the Wisconsin and Mississippi valleys will
make about the same advance in effect as has
been made by individuals.
statistica1ly, Lumber Is Stronger.
ues TO increase In strength. During the past
week receipts have increased nearly 100 per
Cent In this market, these increased supplies
being drawn from more northern sources
This Is significant as showing the extent of
the white pine famine in this city. Manufac-
turers are short on many items that they
are rebuying wherever they get supplies
and are shipping to this point where the lum-
her is reloaded and moved out on current or
ders. The rapid increase in receipts indicates
o well-posted local dealers that the situation
is serious and that local stocks will be the
best property during the next two months IN
the history of the lumber trade. Buying con-
tinues active with good run Of orders from
all sources. Movement is increasing with the
advancement of the season. and outlook now
is that the movement for January of this
year will compare very favoraby with year
ago.
Cedar Products Are Higher.
Interest continues to center in cedar prod
ucts toth white and red. Adyices from the
coast indicate q stronger market THIS week on
red cedar shingles, but the local market mas
not yet felt the influence OF these conditions
10 the extent of an advance having been put
into effect. Local prices are decidedl. firm
however, and d sustained upward movement
on the coast will be felt here. Star A Stars
are selling at $2.55Gl2.6 GO, with the latter price
being obtained in some instances, while clears
are held decidedly firm So. White cedar
shingles hold firm at $2.75. In other white
cedar products there is pronounced activity
in four and five-inch rounds and market IS
being closely bought up. Orders are coming
earlier than usual for these goods. Snort
poles are in demand this season, and holders
are already anticipating shortage, with the
result that values are frming
C0ODeraGe Situation.
HOOPS are on a more active basis than Tor
merIv and are on a comparatively firm basis
around sS.7509. Demand for slaves IS or
comparatively light proportions, with prices
we'll defined around $SGlS.25. Shops are run
ming Gil about an average volume OF business
for this season OF the year.
Hardwood Lumber Strong.
Hardwood lumber continues fairly strong
This is true of red and white oak, which are
on a firm basis. Eastwood is showing a
stronger Tone owing to the improved demand,
and a quickening OF interest is noted In elm
and birch with the tendency decidedly up
ward. Furniture manufacturers are in the
market for increased supplies, and stocks
with this class of buyers are reported as COM
II.