HARDWOOD RECORD 



sale and manufacturing trade in keeping prices 

 for the near future on a basis commensurate 

 with present values. 



On September 24, William E. Uptegrove & 

 Bro., large wholesale and veneer house of Brook- 

 lyn, were petitioned into bankruptcy by Johnson 

 City, Tenn.. l>ankiQg and lumber interests, and 

 thus the affairs of the corporation will be wound 

 up in the bankruptcy courts. Concurrent with 

 the local action, the Standard Oak & Veneer 

 Company, the Interior Hardwood Company, and 

 the Allen Panel Company, allied corporations of 

 .Tohnson City, Tenn., were also placed in the 

 hands of receivers, in all of which companies 

 William T. Uptegrove and his associates were 

 Indirectly interested. 



As will be remembered, during the panic of 

 last October it was necessary for William E. 

 Uptegrove & Bro. to secure the protection of 

 the courts for the reason of money stringency, 

 and at that time J. F. Dingy, Charles E. Decker 

 and William E. Vptegrove of New York were 

 appointed receivers. Since that time business 

 has been operated under the receivers and at 

 first reports assets and resources of the cor- 

 poration were such as to indicate that under 

 such management it would, in the course of 

 time, be enabled to liquidate all of its indebt- 

 edness in full. It would seem, however, that 

 the adverse business conditions which have ex- 

 isted during the past year have made impossible 

 this hopeful outcome and have resulted in the 

 aforesaid bankruptcy proceedings. When the re- 

 ceivers were appointed in October last the assets 

 showed as $1,273,594, of which $593,100 was 

 stock in the American Cigar Box Lumber Com- 

 pany of Johnson City, Tenn. The liabilities 

 were placed at $618,067. 



The allied companies were not affected in the 

 October last troubles of the Uptegrove Interests, 

 but have now been entailed under this latest pro- 

 ceeding. 



The New York Lumber & Storage Company 

 of 531 West Fifty-seventh street made an assign- 

 ment on September 24 to James Kllpatrlck. At 

 a meeting of the company held last June trus- 

 tees were appointed to wind up the business, 

 which showed liabilities of $30,500 and nominal 

 assets of $26,000. Two days after the assign- 

 ment a petition In bankruptcy was filed against 

 the company by creditors, alleging that the trus- 

 tees who had been liquidating the business for 

 the last sixteen months had realized $3,000 over 

 expenses, which has been in their hands since 

 October. 1907, and remains undistributed. Cred- 

 itors asked for a distribution of these funds as 

 well as an accounting from the trustees. 



On September 26 the Mercantile Lumber Com- 

 pany, 1 Madison avenue, assigned to Louis H. 

 Strouse. The company was incorporated in Feb- 

 ruary, 1907, with a capital of $10,000. Isaac 

 B. Levy is president. No schedule has as yet 

 been filed. The company was a small one and 

 practically succeeded the retail business origi- 

 nally organized on the upper east side by Seelav 

 & Levy. 



A petition In bankruptcy has been filed against 

 Charles and Jacob Rosenberg, composing James 

 Rosenberg & Son. manufacturers of cabinet trim 

 and grill work at 250 East 139th street. F. H. 

 Griffin has been appointed receiver with bond at 

 $500. The firm began business in 1904 and was 

 incorporated in May of this year with a capital 

 of $15,000. 



A petition in bankruptcy was filed on October 

 1 against the Mutual Woodworking Company, 

 70 Del'eyster street, Manhattan. The company 

 started In August, 1904, with a capital of $10,- 

 oOO. Statement of June last showed assets 

 $13,997 and liabilities, $3,343. The court has 

 appointed J. F. McNaboe receiver in bankruptcy 

 for the company with bond at $500. 



The Mann-Caven Lumber Company pro- 

 nounces favorably upon the prospect for a 

 Kteiidy advance in trading. It reports things 

 moving along in good shape, inquiries in- 

 creasing, good orders being booked, prices 

 better, and the volume of sales growing right 



along. O. J. Mann was recently in Pittsburg 

 looking after the company's interests. 



Uptegrove & Beckwith state recovery in 

 trading gradual. They are optimistic as to 

 outlook and believe in a full revival of good 

 times by the first of the year. 



Uptegrove & Polhemus report a more 

 cheerful tone in the market. They are re- 

 ceiving their share of business and regard 

 the outlook as promising. 



The McClave Lumber Company is stoically 

 meeting conditions as they arise. Things are 

 livening up a little, but the improvement will 

 be gradual, they think, until spring, when 

 business undoubtedly will receive new im- 

 petus. Major S. Wood McClave is one of the 

 most popular lumbermen in ClifEside. Bergen 

 county. New Jersey, his residence section, and 

 his name has been placed on the Republican 

 ticket as a candidate for Congress from the 

 sixth congressional district of New Jersey. 



The C. O. Shepherd Lumber Company is 

 placidly awaiting developments. It is not in- 

 clined to force the market, as Mr. Shepherd is 

 of the opinion that things will right them- 

 selves in due time. 



W. S. Dunn & Co., mouldings, report things 

 moving steadily, and while the Improvement 

 in trading in their line is slow, it is more 

 recognizable from day to day. 



PHILADELPHIA 



The Fenwick Lumber Company is keeping 

 its mills active getting out stock. Inquiries 

 nre coming in more lively and business gener- 

 ally is looking up. 



The Kirby & Hawkins Company is getting 

 a fair share of trade at present, with prospects 

 of future expansion. Mr. Hawkins, after a 

 trip through eastern and western New York, 

 reports that the railroad companies are not 

 Inclined to buy extensively at present— prob- 

 ably are waiting for election developments. 



The Righter-Parry Lumber Company, as 

 usual, is optimistic in its statements. C. M. 

 Hamlin of this house is in Ohio getting busi- 

 ness, and the salesmen in Maryland and New- 

 Jersey report favorably of general sentiment 

 in those fields. 



The Owen M. Bruner Company is accepting 

 conditions philosophicaUy. Its men are always 

 busy and seldom tail to get what they go in 

 pursuit of in the way of trade. 



A. Hankey & Co., Inc., machine knives, 

 accedes to a better look for returning pros- 

 perity. Joseph R. Rogers, secretary, is 

 spending some time at the company's plant at 

 Rochdale. Mass.. studying conditions. He 

 states that the manufacturers are more suc- 

 cefesful than heretofore in securing loans from 

 the banks, which will naturally conduce to 

 renewed activity in all lines. 



Charles L. Meckley says that the August 

 trading was much better than one has learned 

 to expect of this usually sterile month for 

 business. 



H. C. Magruder, Philadelphia, representative 

 of the W. M. Ritter Lumber Company, reports 

 activity in the mills getting out stock. Things 

 look better all around, he says, than for some 

 time. 



The Miller & Miller Lumber Company ob- 

 tained a charter under Pennsylvania laws on 

 September 18, with a capitalization of $40,000. 

 Officers are: I. R. Parker, president; J. Clark 

 Miller, vice-president and treasurer; G. H. 

 Van Gunten, secretaiT. This company suc- 

 ceeds the old firm of Miller & Miller, and will 

 handle hardwoods and pine. It reports satis- 

 factory trading and is sanguine as to rapid 

 improvement of conditions. 



Samuel H. Shearer & Son are getting a rea- 

 sonable share of trade and realize that it is 

 better to abide in patience than to waste 

 valuable time in useless imprecations against 

 the times. 



Among the recent visitors to the trade were 

 Mr. Snodgrass of the Buck-Snodgrass Lum- 

 ber Company. Johnson City, Tenn.; Frank P. 

 Fish, secretary of the National Hardwood 

 Lumber Association; J. B. Purcell. of the 

 Welch Lumber Company. W'elch. W. Va.; 

 J. E. Lineback of the L. H. Goodwin Lumber- 

 Company, Butler, Tenn.. and B. B. Burns of 

 the Tug River Lumber Company. Bristol 

 Tenn. 



It is announced that the Compagnie J. G. 

 Brill of Paris, France, recently organized, in- 

 tends to establish a plant where Brill trucks 

 will be built by French workmen and with 

 French machinery. 



The lumber sheds and coal yard of A. S. 

 Heftner of Topton, Pa., were destroyed by flre 

 on September 21. 



On September 23 a large sawmill, storage 

 house and four other buildings, with their 

 contents, on the premises of William B. 

 Reidenauer. near Bechtelsville, Pa., were con- 

 sumed by flre. Loss estimated at $10,000. 



The carriage and wagon factory of George 

 W. Garrett & Son. this city, was destroyed bv 

 tire on Stptember 28; loss, $10,000. 



On September 30 fire completely gutted the 

 box factory of the Keystone Box Manufac- 

 turing Company. 223-25 Wood street; loss is 

 estimated at $20,000. 



The large lumber and planing mill of Elisha 

 K. Kane, at Kushequa. Pa., will close down 

 r.ermanently, the available timber supply hav- 

 ing been exhausted. All mill hands will re- 

 ceive free house rent for one year. 



Cramp's Ship & Engine Building Compiny 

 of Philadelphia and the New York Shipbuild- 

 ing Company of Camden, N. J., have been 

 awarded contracts to build four torpedo boat 

 destroyers, each company to build two boats. 

 The Canadian Cedar Timber Company. New- 

 York City, was incorporated under Delaware 

 laws on September 21; capitalization. $175,000. 

 The Wohlson Planing Mill Company. Lan- 

 caster. Pa., w-as chartered under Pennsylvania 

 laws on September 30; capital, $120,000. 



On September 30 the Pay-Within Car Com- 

 pany was incorporated under Delaware laws; 

 capital, $100,000. Incorporators: Frank R. 

 Shattuck, Horace M. Schall and John E. 

 Walsh. 



The Lumbermen's Exchange held its month- 

 ly meeting, preceded by the usual luncheon, 

 on October 1, President Frederick S. Under- 

 bill in the chair. Concerning the recent con- 

 ference on hardwood inspection of the eastern 

 as.sociations. held at the Bellevue-Stratford 

 hotel on September 24, the report of the com- 

 mittee representing the exchange was accept- 

 ed and the committee discharged. The fol- 

 lowing resolution was then adopted: 



"That the secretary of the exchange notify 

 all the exchange members, after they make 

 a test of the 1908 rules as adopted by the 

 National Hardwood Lumber Association in 

 Milwaukee, to state their grievances, the name 

 of the rule and page where to be found, and 

 mall same to the secretary of the exchange, 

 who will fonvard to the committee repre- 

 senting the exchange, composed of Wilson 

 H. Lear and Benjamin C. Currie Jr. This 

 committee will hand them over to the chair- 

 man of the conference held at the Bellevue- 

 Stratford on September 24. when the matter 

 will, In due time, be a subject of coslderatlon 

 with the National Hardwood Lumber Asso- 

 ciation." 



It was also resolved at this meeting that 

 the retail yards close their places of buslnes.s 

 on the afternoons of Wednesday, Friday and 

 Saturday during Founders' week, in order to 

 allow their employees to view the parades, 

 etc. A committee composed of Robert G. 

 Kay, John N. McLean and Robert C. Llppln- 

 cott was appointed to draft and have en- 

 grossed a set of resolutions appropriately ex- 

 pressing the sympathy of the exchange In 



