The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-03-17
TOP NOTCH PRICES
Lumber Is Bringing Them in Head
of Lakes Markets. -
CUT is ABOUT THE SAME AS IN o
Opening Rate on Shipments Is $3.50
Per Nj. and Will Stay There
- .-.E Some Time.
Special to The Journal.

L
Duluth, Mimi, March 17.-There were
some small sales Of the summers cut OF
lumber last week at top notch prices
Generally speaking; these sales are small
er in quantity than before, and while the
proportion Of the cut sold is fully up
to estimates made here, there is lumber
to be had and no buyer goes away empty
handed if he is really after stock. About
all the big mills of the city and vicinity
are now sold up for all season.
The opening rate on lumber shipments
from the head of the lake to Lake Erie
points will be $3.50 a thousand feet,
which is above the rate at the correspond
ing time year ago. 1t is likely to re-
is large quantity Of dry lumber to go
forward at once and the early season
sales are all sold with the provision in
most cases of immediate shipment. -.H
The notice of the Duluth & Northern
Minnesota road that it is to increase its
capital stock from 5000, 900 to $100O,O0O is
taken by some to mean an extension to
this city It means merely that the COM
pany is DESTROYS of making many improve
ments and extensions to the northeast,
and that Its investment already exceeds
the capital of $1,000 During this year
the road will be extended fifteen to TWEEN,
ty miles northeasterly into towns 81. 8
added also. The Alger, Smith & Co.
interests have timber there and will
handle timber for others that propose to
saw here. The road is bringing to this
city large volume Of timber for its own
mill. about 100000 900 feet during the
year, as we'll as some 100000 pieces Of
cedar and some pulp wood. The cedar
ties are all sold to the Northern Pacific
and the cedar posts to the Milwaukee
road.
The stockholders of the Duluth Vir-
ginia & Rainy Lake road and those OF the
Minnesota Land and Construction COM
pany met this week. The latter concern
is construction company for the road
and its officers are as follows: President:
J. L. Washburn; vice president, H. L.
Levy; secretary, j. F. Walsh; treasurer,
w. K. Coffin. The vice president and
| treasurer are Eau Claire men. Ten
| miles of road are rallied and ten miles
more are waiting for the steel, which is
expected soon. The road will reach the
international boundary this year, it is
hoped. 1t is already delivering logs to the
Eastern Minnesota at Virginia to be
hauled to saltwater for delivery at that
point to the Tabor Lumber company of
Iowa. Some 10,000,0 900 feet will be deliv-
cred on this contract this season. The
total haul is PA miles, Of which IL are
over the new road to Virginia, II from
there to Cloquet on the Eastern Mime
sofa road, and 131 from there to the
river at Saltwater, by the way of the
Northern Pacific. The latter road fur
nishes the equipment and the gross price
| for the haul Is $3.50. There are in this
+ contract 50,O00,000 feet, most of which
will be delivered in the coming two
| years.
1t looked early in the winter as though
| the log crop for the mills of this city,
as well as for the district as a whole, was
to be trifle larger than the preceding
winter, and would therefore be record
| breaker. But the lack of cold weather
has prevented this and the cut OF the
year will probably be about the same as
| during 1901. -. ..-.
The mills at Cloquet will have all the
logs they can saw but will face a shortage
on their expectations and should clean
| up the river pretty we'll. Their cut for
the year will, however, far exceed that
| of any year in the past.
| Down river mills that get. logs from
| this section are all somewhat short,
though they have been making up their
deficiency of late by buying logs of small
jobbers. The cut both in ST. Louis and
Douglas counties for these mills will be
materially behind expectations.
Interior mills in this section are short,
| generally speaking. Some with excep-
tionally good facilities for logging, are
up to their estimates, Or if not can be-
| come so with an added hustle during the
| later months. But as a general PROPOSE
| ton the mills that secure logs from the
forest of northeastern Minnesota or from
the adjacent counties of northwestern
! Wisconsin are not far from 20 per cent
! behind their estimates.
Even the railroad logging operations are
held back, but may recover much of their
| shortage later. They have to cont end
with horrible road and with much mud
! and water.