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Lumber And Freights

Lumber And Freights image
Parent Issue
Day
1
Month
August
Year
1873
Copyright
Public Domain
OCR Text

The Bay City ChronicU of the 29th ooti tains the following coneeniinj; the Jiros ent situation of tho lumber niarket : "The condition ot the lumber marke has been peculiar throughout the seasoi and continuos so now. A vast ainoun of lumber hal let't fche rivei - some wel informed poople say tnttch more thai usual ut tliis time of the year - and stil it is universally spoken of as a veiy Uil time. At Toledo and ihe markets furth er east, more than last yoar's quailtit' has been reaeived, and it has been sold and these markets are not nu overstook ed ; yet the business is said to bc dul there, as it is hert'. Tho soitrcity o money and the neoessity of exteridin, erudita doubtless account for much ot' thi appearanco of dullnoss ut u time whei large quaut'ties of lumbcr are going for ward. Sales lately havo generally been in mail lots, and it is only now and then that a sale of this kind is reported anc printed. There have been no changos ii prices, howover, and there is now a prospect of something a little better than of late, as the time is at hand when eastern markets must be stocked up for the winter, There were indieations yesterday of a slight decline in lako freighls, atid $3.25 to Tonawanda was talked of, but we learn of 110 elia:ters at that rata. Tlie unusually numerous arrivals of lumbercari ving vessels durina; the last two or three days have somewhat affeeted th currying rates. It was reportcd yesterday that there was scarcely a cargo ot lumber at this end of the Valley for shipment, wbich had not been placed In these times of tiglit mnney markol and consequont clcso figuring, it is noticeable that the advantages of Ihiy City as a point for pureliasing lumber are coming into greater prominence and attraeting attention where they have heretofore been unknown or unnoticed. The present season has brought many a buyer to this city, who hithcrto has uiado nis journey only to Haginaw, where he bought his laiñber, at the milis he had dealt with for years, and then turned square about and went home without a tliought of Bay City. This is a matter oí no little importance, and it lias becomo so well known here as to be the subject not unfrequentlypf remavk. It is, to be sure, no matter lor a sensation, for the superiority of this inarket is a thing which cannot pass away, and must eooner or later receivo universal recognition. We inay well be content, Ihen, to awnit vvhat is inevitablo, meanwhrle receiving suoh cheerful signs as we have noted above, if not with extravagant iojr, at least witb the quiet satisfaction which comes of having a sure thing.

Article

Subjects
Old News
Michigan Argus