The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-01-08
SALES OF STOCK
YET TO Be CUT
SEVERAL DEALS THE PAST WEEK
,lSA OF THIS KIND.
Amount of Old Stock ON the Market
Is Being Rapidly Diminished
Dissolution OF the Nemadji Boom
Company and WreckinS of the
Peyton- KimbaIl-B Barber Mill at SUI
neIiOI
Old Stock on the Market
Special to The Journal.

Special to The Journal
Duluth, Mimi, Jan. S.-There have
been some lumber sales the past week,
most of them of stock to be cut the COM
ingk summer. This is gradually getting
into the hands of buyers fully as rapidly
as at any previous new year. Some
1900, 900 feet of old stock held by one
big local company at the close Of the sea-
son has been cut down to about 5000 900
feet, and may be less than that in a
short time. 1t would have all been closed
out some days ago but for a trifling diff
ference of price, q matter of few hum
bred dollars only in deal involving not
far from 100000.
This week the Leisure Lumber company
has been selling some of it's next sum-
mer's cut and Others have done the same.
The amount Of old stock on the market is
gradually diminishing.
Old Boom compa Dissolved.
The corporation known as the Nemadji
Boom company has been dissolved this
week. the need Of boom company on
that one-tirne lively river having passed
away. The company was organized in
1880, and has run many hundred million
feet of timber to mills around the bay
front out Of the Nemadji. a river empty
ing at Superior It Is dissolved for the
reason that the pine has been cut and
that 1t would be obliged to raft small
stuff. cedar and the like, at price that
are out, the last having gone with a flood
last fall. and 1t Is not probable that any
more will be put In.
The Peyton, kimball & Benton saw
mill at Superior is to be demolished, and
bids for wrecking it are called for This
Is the Oldest existing mill at the head Of
the lakes. It's demolition will leave but
one mill in Superior.
First Of Several New Mills.
A sawrnlll is to be erected at Ashawa,
q new town at the northern terminus of
the Duluth, Virginia & Rainy Lake road
at Little Fork river. The road reached
the village two weeks ago, giving the
residents Of the Little Fork valley their
first opportunity to get In and out by
rail. Fischer Bros. Of Wall Lake, Mimi.
will build the new mill. which Is to have
single circular, with a capacity Of 20, 900
feet daily. This is probably the first of
several mills to be built in the vicinity
The Rainy Lake company was figuring on
the construction of large mill there, but
is said to have given up the plan for the
present, and will use the Ash mill at
Virginia and additional capacity at Du-
luth.
The large mill of the St. Louis Lumber
company at West Duluth. started up Jan.
for the year, day and night.
Tower Company Is Saving.
The mill of the Tower Lumber COM
pany, which closed for repairs about two
months ago, has resumed work, but the
gang will be idle for the winter, leaving
only two band mills saving. Two trains
of logs are received daily from the COM
panys logging operations on Bearhead
lake, east Of Tower. There is a large
stock Of last years lumber on hand but
this is largely sold and will be moved for
ward at the opening Of navigation.
The Nebagamon Lumber company has
forty-f1ve teams at work hauling logs to
the mill. This is heavier direct haul
4 ing than last year. One camp not on the
line Of the logging railroad has been es-
tablished this winter so that two large
camps are sending in logs by team and
two by rail. About ninety men are en-
ployed In the planning mill, which is rushed
with winter orders and is shipping as fast
a. possible.