The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-26
new LUMBER PRICES
Local Manufacturers Have Ad-
vanced Their Selling Lists.
LOGGING is AT "A sTANDsTILL
Cooperage Market Is Dull and Fea-
Observation-Disclosures List
r. Is Firm.

As a result of the action Of individual
manufacturers throughout the Mississippi
valley, many descriptions of White pine
lumber have been advanced the past week
from 80 cents to 81 a thousand, and at the
higher range of values the market con-
tinues firm and is showing further ad-
vanclng tendencies. There is a prospect
that before the end OF March manufac-
turers will put further advances in eff
feet, and II they do so they will not be
selling on nearly as high basis as
wholesale dealers in Chicago and the
other large eastern commercial centers,
where building operations this year
promise to be the heaviest ever known.
The recent advances in white pine In
this market over the official list Of Dec.
3, will average about as follows: All
dimension and timbers, 90 cents per M;
No. boards and their products, so cents
per M; 6-inch, No. l, 2 and fencing, IL
feet and longer, so cents per NJ; 4-incn
No. l and 2 fencing, II feet and longer, 90
cents per M; inch finish D stock and bet
ter, 81 per NJ; inch finish, clear Norway.
So per NJ: thick finish, D select and bet
ter, 81 per NJ; No. l, and shop COM
mon, 81 per NJ; 4 and 6-inch flooring,
farmers clear and Norway clear and bet
ter, 50 per NJ; and 6-inch siding, 81 per
M; lath, all kinds, 25 cents per NJ. Each
manufacturer is now naming the prices
that he thinks his lumber is worth. In
Instances where the manufacturer is
short Of certain specification, he takes
stronger view of the price situation
than the manufacturer who has a fairly
liberal supply, with the result that the
market is on a somewhat irregular
basis. The advances noted above, how
ever, represent the average put in effect
by the majority of the manufacturers.
At this writing the white pine market
1S iSb of IN
interruption to logging conditions owing
to the mild weather this week and last
had It's influence on buying inquiry as
well as On the views Of the holders of
lumber. Continued mild weather would
soon put an end to operations in the
woods, but loggers point to the fact that
there Is usually 6. breaking up period in
February and that during March there is
@ resumption of cold weather and snow,
which permits the continuance Of log
ging up April l. A recurrence of these
conditions is hoped for and anticipated
the present year.
Cooperage Market Is Dull.
The cooperage market is on quiet and
dull basis this week as to the quantity of
stock moving into the various shops.
Heading Is easy and is reported in some
quarters as moving at less than ) cents.
Patent hoops are strengthening and 1t is
anticipated shortage in production will
develop later in the season. Michigan
and Wisconsin slaves are held firm at
last quotations.
Hardwood Lumber Strong.
The hardwood lumber market is on a
strong basis, both from a statistical
standpoint and also from the position Of
inquiry for stock. Eastwood is strong az
to prices with a heavy inquiry from manu-
facturers and consumers. Red and white
oak are increasing in flrmness and birch,
which has been rather dull until recent
ly, is showing much stronger price tone
with inquiry il marked contrast to a
month ago.
Cedar Situation.
White cedar shingles are holding re-
markedly firm on the basis of 1915 f. 0. b.,
Hermansville, the basis established at the
time OF the recent advance. Red cedar
shingles are slightly higher. Star A
stars are selling here on the basis of
~. o0Q$2.65, on so cent coast rate.
Coast market is firm and Minneapolis
quotations as promulgated from the coast
are $3.50, but buyers views have not yet
reached this point except in small way.
Demand for white cedar poles, especially
In Is and 20-foot lengths, or better, is
noteworthy. Orders from telephone and
telegraph companies in this market are
very heavy and large volume of bust
ness is coming from the southwest. A
shortage is expected before new poles
come into the market, and this is creating
an unusually firm price situation.