HARDWOOD RECORD 



rather tLan in (be order of tlie time of shipment 

 agreed upon, were adopted. It was the sense of 

 the meeting that an order once placed and ac- 

 cepted constituted a binding contract The 

 assistance of kindred business organizations is 

 asked in formulating some plan for correcting 

 these evils. 



In Financial Difficulty. 



F. M. Gealey was recently appointed receiver 

 for the W. E. McMillan Company. Inc., of 

 Pittsburg, on application of the Ward Lumber 

 Company, the De Ran Lumber Company, and 

 I^antz Brothers. In a recent explanation of 

 the difficulties into whicli the company has be- 

 come involved. Iijr. McMillan stated that the 

 company was formed about eighteen months 

 ago with a capital of $25,000; that it is a close 

 corporation with himself representing prac- 

 tically the entire ownership and control of the 

 company. The present receivership was 

 forced by a combination of business troubles 

 in which the company became involved, in 

 addition to the general depressed condition of 

 business affairs. ' The company was caught 

 hard in the failures of Gabbe Brothers of New 

 York ; E. E. Price of Baltimore ; the Geisel 

 Planing Mill Company of Harrisburg. Pa., and 

 the New York Lumber & Storage Company 

 of New York City. In addition to these trou- 

 bles the McMillan Company had advanced 

 money on lumber contracts to four mills in 

 West Virginia and Kentucky whose stock it 

 was taking, and of late it was unable to move 

 much of the stock on a cash basis. It also 

 had some money invested recently in the ex- 

 port trade which is at present tied up. The 

 company's assets at present figure $25,000. 

 consisting of lumber and accounts receivable; 

 its liabilities are about $18,000, and the re- 

 ceivership will be only temporary. It will 

 continue business at the present office, 339 

 Fifth avenue, Pittsburg, and all new business 

 will be done by the receiver on a cash basis. 

 In three months it expects to be in good busi- 

 ness standing again and have the facilities 

 for doing a large lumber business. 



Permission to Perforate Postage Stamps. 



The following order has been issued by the 

 Postmaster-General of the United States re- 

 . garding the perforation of postage and special 

 delivery stamps for the purposes of identifi- 

 cation and to prevent theft. 



"United States postage stamps, to be ac- 

 ceptable for postage, must be absolutely with- 

 out defacement: Provided, That for the pur- 

 pose, of identification only, and not for adver- 

 tising, it shall be permissible to puncture or 

 perforate letters, numerals or other marks or 

 devices in United States postage and special 

 delivery stamps. The punctures or perfora- 

 tions shall not exceed one-thirty-second of an 

 inch in diameter, and the whole space occu- 

 pied by the id' ii 1 1' m- .!■ ■ ••■■^ shall not ex- 

 ceed one-half iip i Im' puncturing or 



perforating mu.-i ■ i ^uch manner as 



to leave the stai :i-il. i i;nizable as gen- 

 uine and not previou.sly used. The use of ink 

 or other coloring matter in connection with 

 such puncturing or perforating is prohibited." 



This privilege is the result of efforts of the 

 Merchants' A.ssociation of New York, which 

 has furnished to the Postoffice Department 

 full information reg.ardinK the perforation of 

 stamps in foreign countii^-; :i in i.ti-e which 

 has been in vogue for uiimv \..ii wiUi con- 

 siderable benefit to comin. i i i! n !< i. sts and 

 no annoyance to the aniiiMMii's In issuing 

 the present order a macliino having six let- 

 ters was experimented with, the perforations 

 making the letters not greater than a thirty- 

 second of an inch in diameter, and occupying 

 an area of not more than one-half square inch. 

 A ten-die machine, run by motor ind with a 

 capacity of 1.000 stamps a minute, can be made 

 for about $inn. 



r. Krebs Lumber Company. 



Announcement comes from St. Louis that R. 

 F. Krebs and J. L. Scheve have organized the 

 Krebs-Scheve Lumber Company, succeeding 

 the R. F. Krebs Lumber Company, largt 

 wholesalers of hardwoods for domestic and 

 export trade, at St. Louis. 



Both gentlemen are experienced in the hard- 

 wood lumber business. Mr. Krebs began his 

 career witli the old Eau Claire Lumber Com- 

 pany of St. Louis, remaining with them until 

 they sold out seven years later. He then trav- 

 eled for the Chippewa Lumber and Boom ' '"m 

 pany, and in 1890 formed a connect!. in Miii 

 what was then Steele & Hibbard. Fiid • u 

 years with that excellent firm gave Mr. Krehs 

 a good traini]ig in liardvvoods. which, in liMlS- 



19UT, he used to advantage as manager of thb 

 lumber department of the Ozark Cooperage 

 Company, and since the spring of 1907 has 

 been in business for himself. 



The foundation of Mr. Scheve's thorough 

 lumbering experience was saw-milling; then 

 for twelve years he was actively and finan- 

 cially interested with the Bonsack Lumber 



Company, and for the past two years has 

 been representing the W. D. Reeves Lumber 

 Company of Helena, Ark. 



The new firm has ample financial backing, 

 and both gentlemen have a wide acquaintance 

 among hardwood lumber consumers, as well 

 as throughout the producing section in the 

 South, so that a successful future for the new 

 company is practically assured. 



Building Operations for July. 



Notwithstanding the circumstance that a na- 

 tional political campaign is just about to open, 

 t'uilding conditions in this country continue to 

 improve. Official building reports from forty- 

 live leading cities of the country, including 

 Manhattan,. Broolilyn and the Bronx, received 

 by The American Contractor, Chicago, ior the 

 month of July, show quite a decided gain as 

 compared with the preceding month. The gain, 

 as compared with July, 1907, is about three and 

 cne-half per cent, whereas last month the loss 

 was 15 per cent. In March it was 37 per cent, 

 in April 33 per cent, and in May 19 per cent. 

 For the first time in many months New York 

 appears on the right side of the ledger, the 

 5;ain over July. 1907, being 23 per cent. 



City cost 



Baltimore $ 430,207 



Birmingham 166,230 



liHfTalc, 731,000 



riilcaio 5,042,400 



rhattnnoog.i 173,710 



ihicii.nati 814,710 



c.ilimiljus 357,805 



Halhis 364,580 



Dtiivor 698,025 



Detroit 849,850 



i;r.ind Eapids 230,310 



Hartford 81,780 



Indianapolis 582.652 



Louisville 460.567 



Los ingeles 1.352,290 



Milwaukee 1, 103,839 



Minneapolis 945,485 



Memphis 439,039 



Mobile 129.166 



Xa.hville 207,070 



x.u Haven 367,780 



\r« Orleans 493,379 



Miiiiliattan 13.684,542 



l;i,,oklyn 2.876,600 



Bi.inx 1.669.165 



New York 18,230,.307 



Omaha 576,040 



Philadelphia 2.912,480 



Paterson 301,638 



Portland, Ore 1.038,366 



r!,-a.li]i- 20,450 



K.i, li,-.t,r 363,845 



St, I'inil 778,524 



406,000 

 424,550 

 134,041 



957,000 



5,376,500 . . 



378,745 . . 



797,202 2 



338.050 5 



339,039 7 



524,850 33 



1,576.700 



221,452 4 

 219,780 



486,846 19 



201,180 120 



1,313.020 



993.400 11 

 994.655 



278.863 

 7,500,575 

 5,251,275 

 1.964.390 

 14,706.240 



762.371 

 217.27;-> 

 9,52.225 



$44,086,086 $42,569,003 



Receiver Appointed for A. M. Turner Lum- 

 ber Company. 



Attorney Elmer W. Moore. Frick bldg. annex, 

 Pittsburg, has been appointed receiver for the 

 A. M. Turner Lnmber Company, with offices in 

 the T-ninn Bank Imildiiig. Pittsburg. This con- 

 II". til. II wa- tal;. 11 ai the instance of four credit- 

 .,!-., wli.i-.- .la'in^ :ir.. as follows: 



.\, M •I..rii.i'. .<-•:;. .Mill; C. K. Hillegas, $10,- 

 .-.iiii . The Hercules Paper Bag Co., $4,000, and 

 II. II. Illllcgas, $.5,000. The capital of the com- 

 pany is .$100,000. Its nominal assets are esti- 

 mated at $223,000 and its total liabilities at 

 $90,000. 



A. M. Turner Lumber Company is one of the 

 best known yellow pine concerns in Pittsburg. 

 Its timber lands are at Picayune, Miss., and its 

 president, A. M. Turner, is a thorough-gohjg 

 wholesaler who was for some years associated 

 with G. W. C. Johnston, now president of the 

 American Lumber & Manufacturing Company. 

 The company was caught last year in a bi.g 

 Canadian railroad contract which for some rea- 

 son resulted in a big suit. It also furnished a 

 large amount of lumber for the Coney Island 

 .\iniisemont Cnmpany of Pittsburg, which has 



