The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1912-07-28

The strong demand for sawn timber.
as well as for lumber, In the foreign
markets, Is having It's effect on Pen
sacola- for years the principal exporter
OF lumber and timber, and II the pres
ent prices are maintained for a few
months longer conditions In Pensacola
will show a very marked change. OF
course, this will be better. not only
supplying work for a large force OF
men in the bay, but allowing the ex-
porters 20 make a profit ON their
business.
Prices are now higher, II is said.
for sawn timber than ever before
known in the history OF the business,
and the demand is such as TO cause
the general belief that present prices
Will be maintained at least until the
first Of the year.
Speaking OF the business now being
done and the prospects for a continu-
ance, a prominent banker yesterday
said: ''The lumber and timber mar
kets have been In a slump for the
past seven years, and the manufac-
turers, as well as exporters, are now
enjoying for the first time in this
period prices which should apply at all
times for both lumber and timber. The
market for timber is higher than ever
before known, but none too high for
the class Of timber shipped from PEN
sacola.
Il predict that IL the market re-
mains as at present for six months
Pensacola will enjoy the greatest pros
perity known In the past Eve or six
years"
VESSELS UNDER CHARTER.
Quite fleet Of steamers ana sailing
vessels are under charter fer loading
at Pensacola during the next thirty
days. Several Of these are to arrive
during this week. while many viii
reach port during the first week az
August
OF general conditions that exist the
New Orleans Lumber Trade Journal
OF recent date contained the follow
ing:
with the gradual Improvement in
railroad transportation, marked pro-
gress Is being made in the handling
of export shipments. with the result
that large volume OF business Is go
ing forward, and the way is being
opened up for the making of new
sales. The early expiration of old
ocean contracts and the certainty of
higher rates thereafter is operating as
strong inducement to make hay
while the sun shines, and this NAV be
for the next few weeks in an effort
to make up for the time lost during
the time when physical conditions so
hampered the movement This is OF
course a situation growing out of tenn
porary causes, but IL creates a general
activity which does not leave much in
ducement for speculation as to the fu-
ture.
$50 far as concerns what fs 70 como
later this depends on so many con-
tingencies that forecasts are dictated
as much perhaps by the temperament
as the Judgment OF the prophet, al
though the general feeling is one Of
optimism. The general stifrening OF
the domestic market is, as usual, md
ing a response abroad, and viewed
purely from the trading side there
seems TO be ample reason to expect an
active demand, and at prices which
will compensate everyone interested
for his share In the conduct Of the
business. So far as heard from, the
recent heavy movement has not re-
suited in any Cutting of the markets;
and In London and other places affect
ed by the strikes the complaints of
delay In the handling OF lumber car
goes are the more serious In that
they indicate that the goods are
urgently needed In the market and are
passing directly to consumption gs
fast as they can be moved. The con-
ditions in this respect are therefore
favorable for a continued heavy de-
mand."