The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-10-17
BIDDING IS BRISK
ON STATE. TIMBER
LUMBERMEN TAKE ABOUT EVERY
THING THAT'S OFFERED.
Average Of Nearly So q Thousand Sc
cured for 75,ooo,ooo Feet, and State
School Fund Is $4,000 Richer from
Advance Payments .Tom'' shevlin
and 9. A. Smith Compete.

day, and at the close of two hours and
a half of spirited bidding, State Auditor
Iverson pronounced the 1905 sale the
liveliest and most successful in the
states history.
Only 75,O0G,Ooo feet were offered, but
practically every piece was snapped up,
while at former sales bids were not
made at all on good many descrip-
tions.
Mr.. Iverson estimated the total re-
turns from the sale at $575,OO0 which
means an average of nearly So a.
thousand for stumpage. The advance
payments, IS per cent on the appraised
price, amounted to $110, 900. While some
We're sold on the appraisal without COM
petition, spirited bidding was the rule,
and the prices realized average 40 per
cent above the appraised price, which in
most cases was tilted by the timber
ures.
1t was evident from the sale compe-
tition that good pine timber is growing
scarce in the northern woods. The
senate chamber was we'll filed with bid
ders, and a large number are on the
books as buyers. Thomas III. Shevlin
was the heaviest purchaser, taking a
number Of tracts, some in his own name
and others for the Crookston Lumber
pany and the Namakin Lumber com
pany. C. A. Smith was his principal
competitor, and they did SOME lively
bidding on tracts in Beltrami county
about Blackjack and other, towns on
the Minnesota & International. Mr..
Sheylln was forced to pay $3.50 thou
sand for 100000 feet ON section 16,
| no
Smith paid $500 for 100000 feet on
section l6, l49, 80, and SO for that on
section SO, ISL, 80.
..- Top Price a Record. MI
The record price at the sale was maid
by the Scott-G Graft Lumber company of
Duluth, for 4,055,0O0 feet on section
SO, Sd, -. They paid 1925 a thous-
and. This lumber is on the Duluth &
bidders offered $12.35, but failed to
come up with the advance money, and
| Mr.. Iverson knocked it down to the next
| highest bidder, no one offering to raise
it. John McAlpin of Duluth protested
that the tract should be offered again,
but this was refused. as it might result
| in a lower bid. This timber was an.
| praised at $3.50. ..-...a
The Cloquet Lumber company had to
pay $11.75 for million feet on section
SO, So, l6. Mr.. Iverson offered some
dead timber and some jack pine on
the same tract separately, and they were
bid in by w. T. Bailey at 1915 and
$2.75. T. H. Shevlin raised the ques
tion as to which buyer should cut his
timber first. Both claimed the right
and the point was not settled by the
auditor. He ruled however, that on
other sales the buyer Of the standing
pine must take any dead timber, jack
pine, spruce or tamarack at the ap
praised price, throwing all the competi
tion on the white and Norway pine.
Many Firms Represented.
Other buyers at the sale were tn,
SON Wentworth Lumber company, job,
McAlpine, Powers Simpson Lumbe
, company, Virginia Lumber, company
' Itasca Lumber company, Sutton & Mac
Kay Of Saltwater, St. Croix Lumbe
company, Martin Brothers Of Duluth
Pigeon River Lumber company, Re
h River +, LUMBER y company, Wilcox Broth
y Der company Of Milwaukee, and tn
t Tabor Lumber company Of KeokuA
Iowa. The last-named company pal
1926 thousand, for 5,45O,O00 feet O.
section l6, l48, 25, in Itasca county
J. and SO for the timber on section SO, II!
?, 25. They will send the logs by rail t
n Saltwater, and raft them from Their
% down to the mill at Keokuk.
lie About ten small pieces were passe
over, but after reaching. the end Of th
~ list some bidders came forward and o:
ae fered the appraised price for sever,
k of them. They were reopened and som
T. more bidding done. -.-.."
ne Governor Takes It In.
State Treasurer Block was on han
y in person to receive the advance pa.
an ments, and Governor johnson was q
ng interested spectator. He kept track
or the sale closely, and at it's close was! i
troduced by Mr.. Iverson to the lumbe
ed men. The governor expressed his plea
:e. ure at their appreciation Of state limb
re values, and said the timber boa
= would be governed accordingly
making it's appraisals next time.
8: 8; .AN0THER ARREST
Ill y - t0~ WAN r~ ~ YYYY<>