The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-09-12
NOT 50 MANY SALES
Lower Grades Constituted Bulk of
the Business and Prices Re-
manned Firm.
Empire Lumber Company Of Winona
Will Pay Hines Over $780,
600 for Pine.
Special to The Journal.

Special to The Journal.
Duluth, Mimi, Sept 12.-Sales Of lum-
Der have been fewer than for some weeks,
but considerable amount has been dis
posed Of In small lots and at prices that
are. generally speaking, about as high as
OF late. There Is doubtless q weakness
in higher grades but the lower still re-
main firm, and these are the bulk Of the
sales.
About $500, 900 feet has been sold by
Alger Smith & Co. out of their September
cut, and this Is the largest sale made in
the week. Shipments have been large, In
fact: August was the biggest month Of
the year. with a total of 65. 0000 900 feet
from the three head Of the lake ports.
Pine Sold for se2o,ooo.
The Edward Hines Lumber company of
Chicago has sold $4,000, 900 feet Of pine in
the southeastern part of Douglas county,
Wisconsin. to the Empire Lumber COM
pany, composed OF Winona men, for about
$500, 900. or $3.50 a thousand.
The logs will go down the st. Croix and
Mississippi rivers into Minneapolis, 1t is
expected The Empire people have an
option on 20, O00, 900 feet more in the same
tract. .....
West Coast Timber Possessions.
Timber holdings of Duluth men on the
west coast are increasing gradually and
are very large. The chief are those of
Merrill Ring Lumber company and fol-
lowing them are those Of w c. Mcclure
and associates. who, tho not exactly Du-
luth people, will always be regarded as
very closely connected with this city.
Messrs. Dorr and Rupp, a large part Of
whose fortunes have been made in for
tunate holdings Of iron ore lands in this
county, are connected with Mr.. Mcclure.
The Merrill Ring holdings amount now
to more than thousand million feet and
they control another thousand Million
lyJr linn nrto
the coast and in the Sierras. The Mcclure
holdings are probably not less than 700,
OoO0O0 feet. A good many others here hold
In amounts from perhaps 500, 100000 feet
down, Duncan & Brewer Lumber company
has large western timber holdings, and
the North Land company interests have
been heavy buyers. This crowd has just
bought enough to- make their holdings
about 125, 900, 900 feet. The Schofeld
holdings In Idaho are important.
Tar and TurpentIne Factory.
st. Paul men have decided to erect at
Iron River, short distance east Of this
city, factory for the dtstillation from
Pine and Norway stumps of tar and tur-
pentine contained therein. This is sal
to have profitable possibilities and the eX-
pertinent will be tried on a good-siz
scale. ~ ..Ea'
c. e. Seelye Of Cass Lake has closed
logging deal for putting in 5000, 900 feet
near Dewey lake, in the northwestern
part of this county. This will be logged
the coming winter. .-a '--..-.~.---
Pulp and cedar lumbermen expect bust
ness to be good the coming winter, and
are already preparing for a larger trade
than they had last season. There Is a
large stock of cedar. :. Pulpwood ship-
rnents this year have not Been heavy, as
they were the season previously. If the
winter Is reasonably good for this class
both on the north shore and in the in
terror, ... .,.a ~