22 



II A K n W ' M I n RECORD. 



LOCATIONS FOR 

 INDUSTRIES. 



The name of the Chicago, Milwaukee 

 & St. Paul Railway has long been iden- 

 tified with practical measures for the 

 general upbuilding of its territory and 

 the promotion of its commerc*, hence 

 manufacturers have an assurance that 

 they will find themselves at hcxne on 

 the company's lines. 



The Chicago, Milwaukee & St. Paul 

 Railway Company's 6,300 miles of rail- 

 way, exclusive of second track, con- 

 necting track or sidings, traverses eight 

 states, namely: 



which comprise a great Agricultura., 

 Manufacturing and Mining territory. 



The Chicago, Milwaukee & St. Paul 

 Railway Company gives unremitting at- 

 tention to the development of local 

 traffic on its lines and, with this in view, 

 seeks to increase the number of manu- 

 facturing plants on its system either 

 through their creation by local enter- 

 prise or the influx of manufacturers from 

 the East. It has all its territory dis- 

 tricted in relation to resources, adapta- 

 bility and advantages for manufactur- 

 ing. Specific information furnished 

 manufacturers in regard to suitable 

 locations. Address, 



W. B. DAVENPORT, 



kxtnotrlal Commissioner C, M. & St. P. R'y. 

 660 Old Colony Bldg., Ctilcaeo. III. 



MANUFACTURERS 

 AND SETTLERS 



will find extraordinary Inducements for lo- 

 cation In Northern Wisconsin along the 

 Wisconsin Central Lines There are 

 plenty of fine lands for farming as well as 

 large beds of Clay, A'aofin and Jfarf.tc nether 

 with fine Hardicood timber for manufactur- 

 ing purposes. 



Pamphlets and complete InformatloD can 

 be obtained by writing 



W. H. KILLCN, 

 Deputy Land and Industrial Commissioner, 

 Colby 1: Abbot Bldg., .Milwaukee, Wis., or _ 



JAS. C. POND, G. P. A., 



Milwaukee, Wis. 



chiinBe. ns the ilopresslon 1ms hnrdly boon 

 folt loiiR t'lionjih to fimsc iiiiy .•<iikkImk In 

 jirii-cs, and llii-n, t<ni, tlry .stiick.>< :iri> still 

 I<n> scaivc to iicinilt any ;;rcal (locliiK' (at 

 •iiiiiK" time. Till- cliaiKcs arc that the i)rcs- 

 cnt ])rlc»'S will louie iiii;;hly near to l)i'lng 

 maintained iiiilil business iiKaIn eoiunieneos 

 to pick nji. 



The e.\port trade Is In a fiilr slate and 

 iiuiuli'lcs are still eoniiiiK in quite rejcu- 

 larlv. 



NEW YORK. 



'i'lic liiniMcs In the lalior wdi'lil seem at 

 an end now, and eonscijucntly there is a 

 better feeling nianifeslcd, not alone in 

 hai-dwoods, but in the lumber market nen- 

 eiiilly. -Vs far as the actual coiulltloii of 

 alTairs is c<incerned, tliou.i;li, it cannot lie 

 said with truth that the past fortnight has 

 brought any ehan{;es. 



Of poplar it may be .said that it Is niov- 

 inj; witli considerable freedom, the (|Uoted 

 price for the better frrades beiiif; !f50 to 

 .$.">2. There is some aetivit.v, too, in quar- 

 tered oak, which does not f;''ow any less 

 lirm. If anythinji, better lijjures are lieiiiH 

 obtained, .i^so not beinj; unusual for firsts 

 and seconds. 



There is a fair call for ])lain oak. and 

 chestnut and ash are not idle, while mahog- 

 any is (inn and active at good figures 

 Export trade shows \mt little change. 



MEMPHIS. 



The conditions .-it llic mills hcri' now 

 show a good production, but hardly an 

 overproduction, the demand having kept 

 pace most of the season with the mills, 

 whicli were late iu getting in their work 

 and whi<-li are even now short on some 

 grades in scmie woods. There seems in 

 some ([uarters a tendency to depress tlie 

 deinanil. but there seem as yet to be no 

 visible effects in prices paid for stock by 

 other buyers, and the criterions of the mar- 

 ket here Think that the tendency noted 

 will not be very far-reaching. There is a 

 good demand for poplar, oak, asli and ey- 

 I)ress, hardly as active a domestic business' 

 in Cottonwood and gum. The general ex- 

 port trade is satisfactory. The business is 

 perhaps better in the first and second 

 grades, but all the lumber in the woods 

 mentioned is in more or less good demand. 



NASHVILLE. 



The local manufacturers have been tak- 

 ing stock and ascertaining just what they 

 have done for the first six months of 1903. 

 There were no complaints either from the 

 lumber firms of Nashville in closing up 

 tiie leaf. The market has had no recent 

 changes and remains firm in price and 

 passing good summer demand, rather 

 above the usual July trade, with the mills 

 making satisfactory runs. 



Kusse & Burgess, manufacturers and ex- 

 porters of hardwood lumber, Memphis, 

 Tenn., rtre sending out a collection of art 

 specimens printed on the back of enameled 

 blotters. The illustrations are handsomely 

 done in colors, and are under titles of 

 "Game of Chess," "The Rivals," "Rug 

 Trader," "Country Postofficc" and "Making 

 the Harbor." 



The bo.x niantifacturing plant of Mc- 

 Williams & Schulte of Cincinnati was en- 

 tirely destroyed by fire recently. 



SUBSTITUTION IN THE HARDWOOD 

 TRADE. 



Th<- marked shortagi- of hardwood liim- 

 tier slocks revealed by the demands of 

 trade last fall, and ns yet not overcouie by 

 production, hns been of great cducatioiiitl 

 value in at least one particular. It has 

 forced consumers to test the possil)illties 

 of subslltiitlon as between woods pre 

 vlonsly used by them, but put virtn.illy out 

 of rcMch by reason of scarcity and higl 

 prices, and those of less market value and 

 easier to be had. At no previous equal 

 ])erlod in the history of the hardwood 

 trade, it is safe to say, was substitution 

 ever carried to such lengths, or applied as 

 against and on behalf of so many woods, 

 ns it lias been in the jtast six to niii" 

 months. The record in this regard is truly 

 remarkable. 



This tremendous shifting of demand, be- 

 ing controlled by considerations of econ- 

 omy as well as of necessity, has very nat- 

 urally, of course, benefited the cheaper 

 wo<jds in greatest degree. Gum in particu- 

 lar has been high-favored In a market 

 sense, especially as a substitute for cotton- 

 wood — and in lieu of poplar in not a few 

 uses. It has been bought in the St. Louis 

 market of late for the making of moldings, 

 shelving, chairs, porcli columns, and for 

 many other new or uncommon forms o"" 

 utiltization. 



.\ Mother purpo.se which this, at one time 

 despised, wood is being put is as wagon 

 box material. Gum box boards, a surpris- 

 ing novelty when seriously introduced a 

 few months back, have now an estalilishe.l 

 market standing. They have found com 

 paratively easy disposition at the hands o'' 

 St. Louis dealers at prices ranging from 

 about ^25 some time ago up to ?28 anf* 

 thereabouts in later sales. 



These changes in the relation of various 

 hardwoods to the buying trade have been 

 of corresponding importance to the interest 

 they have attracted geiierallj-. Aside from 

 enabling consumers to tide over a critical 

 period for supplies. It is quite evident that 

 they will have a considerable bearing on 

 the futtire of the hardwood business. The 

 contemplation of this certainty is alluring, 

 but not altogether satisfying, since it ad- 

 mits of conclusions only on the broadest 

 lines. 



Undoubtedly the compulsorilj- substi- 

 tuted woods will stand the test of time 

 in most of the new uses to which they 

 have been put. In the case of gum espe- 

 cially, tlie statistical facts as to the wood' 

 most affected bv it.s larcer snlo point to 

 the holding of Its line of advance. The 

 rapid narrowing of poplar timber resources 

 will give Cottonwood more market room 

 for the future, and thus afford gum an 

 opportunity to succeed it in large part, or 

 in whole, in numbers of lines of consump- 

 tion. P.y virtue of this same advantage, 

 its price position may be reasonably ex- 

 pected to Ije permanently higher than in 



