54 



HARDWOOD RECORD 



Savannah Flume Company of Waynesville, N. C, 

 with a capital stock of $150,000. Objects are 

 to build flume lines for transporting timber to 

 railroad stations in the vicinity of Waynesville. 

 J. O. Bowman, Alden Howell and V. F. Brown 

 are the incorporators. 



The Harter Lumber Company of Ulmers, S. C, 

 has been chartered to erect and operate planing 

 mills and do a general lumber business ; capital, 

 $2,100. A. J. Harter and others are the incor- 

 porators. 



The Southern Buggy Company of High Point, 

 N. C which does a large business, is planning to 

 enlarge by securing another story of the building 

 in which it is housed, to be used as a store- 

 room. 



A schooner with a cargo of 450,000 feet of 

 lumber for Philadelphia, consigned by the Ham- 

 mer Lumber Company of Wilmington, N. C, and 

 one for Hoboken with 1,491 cross ties, consigned 

 by the Empire Tie Company, cleared the Wil- 

 mington, N. C, port recently. Reports from the 

 ports of this section indicate that a decided in- 

 crease has been shown in shipments of lumber 

 during the past few months. 



The Wilmington Sash, Door & Lumber Com- 

 pany of Wilmington, N. C, has commenced op- 

 eration, charter having been received. The cap- 

 ital of the company is $20,000 and the incor- 

 porators are H. A. DeCover and others of Wil- 

 mington. This company takes over the business 

 formerly conducted by A. M. Price at Wilming- 

 ton, but it will carry on the business on a much 

 larger scale. 



F. X. Tate, pre.-^ident of the North Carolina 

 Case Workers' Association, embracing practically 

 all the furniture factories in North and South 

 Carolina, Virginia and Tennessee, and Dr. G. 

 W. Bradshaw, also an official in the associa- 

 tion, both of High Point, N. C, are very much 

 elated over the results of the conference In 

 Chicago recently with the Western Classification 

 Committee, relative to the moving of furniture 

 from this section to western states.' As a result 

 of the conference of these officials there will be 

 no change in rates, etc., on carload lots of fur- 

 niture for the present, which is welcome news 

 "to furniture men in this state. 



NORFOLK 



With the local hardwood exporters and deal- 

 ers conditions are, as Is usually the ease at this 

 time of the year, dull, and because of the de- 

 moralized condition of the European markets 

 business is exceptionally slack. It is stated by 

 the bigger men of the trade here that while the 

 congestion of consignment stocks on the wharves 

 at Liverpool and London is now being relieved, 

 still this is being done at such a slow rate that 

 it will be a matter of weeks to come before any 

 relief can be expected insofar as afEects shipping 

 from this territory. 



During the month of May there were some 

 heavy shipments of hardwood stocks to the old 

 country, the cargo of the British steamer •■Alle- 

 gheny" having an especially large and valuable 

 assortment of hardwood logs and lumber. In 

 discussing the situation with Frank W. Blake, 

 an exporter of walnut, poplar, oak, ash, hickory, 

 gum, maple, red cedar, holly and other similar 

 woods, Jlr. Blake stated that with him business 

 was exceedingly Qulet ; that he looked for no 

 noteworthy improvement in the immediate fu- 

 ture, but was hoping for a change for the bet- 

 ter in the fall, when, he thinks, prices should 

 also improve. 



It is learned that a new hardwood manufac- 

 turing operation has been established within the 

 past few weeks on the line of the Tidewater 

 railroad near Roanoke, Va., which operation is 

 working on lull time, apparently considering 

 such a course a safe one, reasoning that It will 

 be able to dispose of the stock later at good 

 figures. This Tidewater road is opening up for 

 development some fine hardwood forests, which 

 will mean much for Norfolk's future. 



The Norfolk & Cairo Railroad Company an- 

 nounces through its president that operations on 

 the roadbed, etc., will be commenced about July 

 15. It is expected that Roanoke contractors, 

 who are figuring on furnishing the entire quan- 

 tity of lumber needed for the construction work, 

 will be given a large portion of the work, and 

 possibly all. This road will connect two of the 

 largest lumber centers in the country, Norfolk, 

 Va., and Cairo, 111., and when built will render 

 accessible about one hundred miles of virgin tim- 

 ber along its route. New York capitalists are 

 largely interested, although some of its bonds 

 have been floated in Europe. 



TOLEDO 



mit of extensive repairs and the installation of 

 a new holler and engine. 



The steamer George Burnham arrived in the 

 city recently from Marksville, Canada, with its 

 second consignment of railroad ties. There were 

 13,056 ties, which were consigned to several 

 large lumber companies of the city. 



The Fremont Lumber Company, of Fremont, 

 Ohio, with liabilities representing four times its 

 assets, was thrown into bankruptcy by its cred- 

 itors recently. Liabilities amounting to $141,- 

 474.34 are listed in the schedules filed In the 

 United States district court. Assets are given 

 as $35,224.19. Liabilities represent for the 

 most part open accounts and hank loans. 



At a time when it could least afford such 

 loss the East Side Lumber Company of Toledo 

 was visited by a disastrous fire June 21. Light- 

 ning caused the blaze, which destroyed the en- 

 tire planing mill with its valuable machinery and 

 a large quantity of lumber which was stored 

 there. The loss will be about $15,000, while the 

 property was insured for but $11,000. As the 

 company was recently placed under the super- 

 vision of a receiver at the instigation of cred- 

 itors and was straining every nerve to get its 

 affairs straightened out satisfactorily, the loss 

 comes at a time when it will be keenly felt. 



The Turnbuli Wagon Works, one of the largest 

 concerns of the state, will hold its annual stock- 

 holder=' meptin^ for the nurpose of electing di- 

 rectors at the office of tne Security Sayings 

 Bank & Trust Company, Toledo, July 6. 



Hardwood Market. 



(By HARDWOOD BECOSD Exclusive Market Beporteza.) 



CHICAGO 



The local hardwood trade Is fair, with a 

 slightly increased demand. Prices have not ap- 

 preciably recovered, as there are still odd lots 

 of small mill stock being offered at very low 

 prices. However, when it comes to marketing" 

 woods of quality, of high-class manufacture, 

 there Is only a small quantity moving, and what 

 is sold is being marketed at close to list. Local 

 Jobbers are optimistic over the future of the 

 Chicago business and believe that there is a good 

 fall trade In sight. 



BOSTON 



The market for hardwood lumber has not 

 shown a marked Improvement during the past 

 two weeks, although a few dealers are beginning 

 to report a larger Inquiry. Consumers have 

 small stocks, so that when trading does start 

 they will have to come In as large buyers. Man- 

 ufactures of interior finish are not very busy 

 and few have been willing to anticipate their 

 wants of lumber. Furniture manufacturers are 

 doing a little more than they have been, and 

 reports from the large piano people indicate 

 better times ahead. The call for veneers is mod- 

 erate. Large dealers report good business for a 

 day or two and then the demand falls fiat for 

 three or four days. While this is true, business 

 is better In the aggregate than a few weeks ago. 

 Now that the convention Is over, dealers believe 

 confidence will be restored. 



The best manufacturers of quartered oak are 

 less disposed to accept low bids than they were 

 a few weeks ago. Plain oak Is plentiful and 

 with the exception of a few Instances It Is dif- 

 ficult to get bids from buyers for more than 

 small lots. Brown ash Is well held under a 

 limited demand. The call for elm Is not large. 

 Mahogany is in moderate call. 



— ^-^ NEW YORK 



The general hardwood situation at New York 

 does not show any material change from that as 

 last noted. Business is still more or less of 

 the hand-to-mouth order, but prices are still 

 holding on with reasonable firmness. This Is 

 especially true of the better grades. There has 

 been of late some readjustment In values on cer- 

 tain Items, but, on the other hand, such stocks 



as ash and poplar have shown a slight advance, 

 which evens up matters on a basis which can be 

 said to reflect very fair stability to prices. Of 

 course, there is still the bargain as well as the 

 forced liquidation element among manufacturers 

 and wholesalers, but when It comes to a question 

 of good, well-manufactured stocks of hardwoods 

 In the better grades there are few concessions 

 made and little effort to force the market. The 

 retail yards are not buying anything they can 

 get along without, while manufacturing trade is 

 sailing very close to the wind, which means low 

 stocks in the local market. This fact, coupled 

 with not overplentiful supplies at manufactur- 

 ing points, creates a condition which with but 

 :i slight Improvement In consumption will mean 

 a sharp and constant rise in prices. In connec- 

 tion with the business that Is offering, ash, pop- 

 lar, basswood and quartered oak seem to be In 

 best call, with the balance of the list somewhat 

 slow. 



PHILADELPHIA 



The hardwood lumber situation, like other 

 lines of industry, still lacks the impetus neces- 

 sary to a continuous improved trading, but a 

 spirit of optimism seems to have taken posses- 

 sion of the people generally, and great things 

 are hoped for when the presidential question 

 shall have been settled. Buying continues on 

 (be hand-to-mouth basis, and many consumers 

 and yardmen, in hopes of still lower figures, al- 

 low their stocks to become so reduced as to ren- 

 der buying finally compulsory ; but it is con- 

 fidently believed by the conservative element 

 that at most any time these buyers will be 

 caught napping, and then there will be a 

 scramble, perhaps too late, for the needed stock. 

 It is given out that In several instances men 

 have bought large blocks of both hard and soft 

 woods as an investment, which they will hold 

 for higher prices, which are sure to come at 

 the first revival of buying. It Is announced 

 that In the West the railroads are commencing 

 to buy, but such Is apparently not the case In 

 this territory, although those well versed In 

 railroad methods testify that the companies here 

 Invariably are closc-moutbed and never disclose 

 In advance the moves they Intend to make ; con- 

 sequently authorities say they would not be sur- 

 prised to receive Inquiries from this source at 

 roost any moment, as It Is believed that as soon 

 as the crops commence to move the railroad 



