The Saint Paul globe., 1904-10-21
BIDDERS WARY AT
STATE PINE SALE
Only Make Offers for About
Half the Stumpage Offered
at Auction

| The annual sale by the state of pine
stumpage, while said by State Auditor
! S. G. Iverson to be very satisfactory,
| yesterday resulted in the sale of pine
on % tracts of a total of la
offered, approximating 40,000,000 of
75,000O00 feet involved The prices
ranged from SO to SO per thousand feet.
An average of the prices paid is slight
| ly over 81. The total amount Of the
sales was S2S9,00O, on which was paid
down $72,417.
The .Shevlin- Carpenter company, of
Minneapolis, paid the highest price for
any tract offered. For the pine on sec
ton 96, township SO, range 20, the
company ran the figures up to SO per
thousand, and on the estimate of $780,
] GOO on the section paid $24,760 for the
| tract. A cash payment of $780, 25
per cent Of the purchase price, was
made by representatives of the COM
pany present at the sale. The tract was
/ appraised at $3.50 per thousand by the
state cruisers, and below this the state
auditor could not have sold the pine
! had he SO desired.
Big Money for School Land
Another section. sold to the CIoquet
| Lumber company, of Cloquet, went at
! $3.50 per Thousand feet. The estimate
! of the Stumpage on the section waS
/ S,500,000, and the appraised value was
81. The state will receive about $72,-
| ESQ, and this is said to be one OF the
/ largest sales, both in amount of stump
age and in the money received. ever
! made of a section Of state school land.
1T is probably more money than was
! ever received from the sale Of a sec
/ ton of school land in the state the
/ state auditor said, in speaking Of the
1 sale of this tract.
] While there WAS a large attendance
/ at the sale, lumbermen coming from all
parts Of the state to watch the pro-
| ceedingS, the bidding, except on few
1 attractive pieces, was not spirited and
/ the fact that there were not bidders
4 for three-fourtf1s of the tracts offered
4 is significant of one of two things.
1 Either the pine had been appraised at
too high a figure, or there was ltacit
agreement among the men interested
/ not to bid on the state pine, in the
| hope that by waiting a year the state
4 authorities will materially lower the
! price.
| There were practically no bids for
mixed pine, which consists of jack pine,
| cedar poles, posts and ties.
List of the Sales
| The sales made yesterday, which will
enrich the permanent school fund by
nearly 100000, were:
/ G, ]. Johnson, Grand Marais, 5000 feet
e. j johnson, 2;0s5,OoO feet. s2.SS5.
e. j. Johnson mixed timber, $620. -,
/ Frank Nestor, Duluth 3,215,000 feet,
! John MeApine, Duluth, $3.50, 600 feet,
1 $39, ,O90
AigsF.e 81 Smith & Co., Duluth, 5,4so.Ooo
John McAlpine, Duluth. 1,5s5,0oo feet,
John McA1pine, 100000 feet, 81, $50.
/ Clequet Lumber Co., Clequet, 81 900
feet, $72,250.
i Cloquet Lumber Co.. 375,OOO feet, $1,312
John Helmar Duluth. $4,000 feet, $40.
w: Z. Bailey, Duluth, 100000 feet,
W. T. Bailey, 2so, 900 feet $1,1so.
| $500.
Cloquet Lumber Co.; 100000 feet,
Cloquet Lumber Co., $4,000 feet, s., ,O50.
CIoquet Lumber Co, mixed timber, $S7
Virginia Lumber Co, los, 900 feet. 1925
Virginia Lumber Co., Mixed timber,
s425.
Shevlin, Carpenter & Co, Minneapolis
! 8, 100000 feet, $29, 700.
T. R. Foley. AitlziIf, lao, 600 feet, $420.
T. r. Foley. 100000 feet, S420.
T. R. Foley, $50, 600 feet. $540
! w. g. Moore, Grand Rapids, 100000
| feet, $50, 200
| Itasca Lumber Co., mixed timber $225
F. J. Bonness & Co., Minneapolis,
80, 900 feet s1.55O.
T. NJ. Partridge, Minneapolis, 1000 feet
mixed timber $75-